I support LG in several areas of electronics, but I have to ask: a 83 inch tv!? I just can't imagine that size for personal use. No judgment, it's just... I think actually unfathomable for me.
I swear they're trying to play the long game, like what Facebook/Meta was doing dropping millions on their metaverse or whatever. The idea is that if the concept *does* take off, there's a lot of money in it (because it's like, the perfect scam/racket. You get to sell stuff that doesn't exist physically and potentially make money off of every single time that metaphysical good changes virtual hands). Square is probably doing that, thinking "if we can just make this work... it'll all be worth it and more!" but based on the info in the video, doesn't seem like NFT or blockchain technology won't catch on in the near future or ever.
They were absolutely laughable. The clueless people supporting them were hilarious with their descriptions and why they are valuable. Another scam 😂 gone.
My biggest W was not falling for that stupid scam. How anyone got convinced into paying ridiculous amounts of money for literally nothing is beyond me. No amount of buzzwords and terminology no one seemed to really understand could convince me it wasn’t a scam.
Heartbreaking? 95% of NFT holders are rich people who knew exactly the value was transient at best but were simply caught with their pants down when the market collapsed. Those of us who aren't stupid knew it was a scam from the start. Screw the morons who deserved to lose their shit. The scam couldn't last forever
It was doing more harm than good. No one has been able to provide an actual use that benefits us gamers other than have a controller in one hand and a credit card in the other. Why? Because...You own what you earn. Play and spend. Look we all want to make money but at this point it's becoming a drug when greed sets in.
The fact that GameStop said they’re quitting NFTs because of Regulation’s shows that the only use for NFTs is scamming people and if there’s anything stopping you from scamming then there’s no use. NFTs are just a scam, if you have NFTs you either were scammed or you’re trying to scam others or both.
they used to be dumb frog pepe pictures in 2014 4channers drew up that were always worth near 0, everyone had some bc they were literally given to everyone for no reason, it was a joke and everyone knew it. it took 7 years or so for scammers that lied professionally like the fake new web scam (web3) to grow to where they used their audience and promoting to push this old worthless 4chan joke as new innovation to "help" artists. can thank all the crypto scammers like vitalik buterin and sbf for normalization of scammers
What's amazing is that NFTs were such a shit product that gaming companies couldn't even make them worthwhile via whales, when whales constantly prove themselves to be financially useful idiots when it comes to other gaming products.
I mean... Not that much credit to anyone tbh, NFTs just offered LITERALLY nothing for gamers. Look at anything else, battlepass, early access, microtransactions etc. We took it all hook line and sinker because they gave a crum of something for us. NFTs failing are just a testament to how they have absolutely 0 use or appeal, since even GAMERS didnt fall for it.
Squeenix feels like the most out of touch company out of an overabundance of out of touch companies. It's like their pride is on the line at this point and refuse to back down.
And yet here's the thing, they can (and do) still release some good games from time to time Too bad their leadership could go suck on a metric ton of raw eggs
NFTs have always been the modern version of snake oil. Crazy how many people bought into the idea when NO ONE could explain why NFTs actually have value or what they are that makes them meaningful. I did so much research because I kept thinking I was missing out on something, but could never find anyone with an explanation that was clear and logical. It has always been “buy this thing, sell it for profit later, people will just want them because”. Blows my mind.
@@shap7296It was unlikely they were ever going to be a good thing for games in any way that couldnt already be done far more efficiently if there was any incentive for it. Game publishers dont want you to buy a microtransaction that you can own in some other game, the only conceivable use for NFTs beneficial to consumers, they want to sell it you twice.
The technology itself could have been useful for quite a few things. Having a record of custody on a blockchain is very helpful for verifying the authenticity of works of art, historical documents, etc. Proof of stake is also applicable to functions like verifying identity, ownership of property, and such with the ability to transfer said ownership at the same time. Looking up the nft representing something like a car could reveal its previous owners, and prevent you from buying stolen property or other reasons. Too bad all we got was a bunch of guys selling jpegs.
Its basic economics. In order for you to make money, there must be money in it. What does cryptocurrency do that makes money. CryptoBros buying Crypto. Hmmmmmm. Sounds like a one way system where the only solution is for loads of people to lose money.
@@_STNML my brother in christ, why do you take it personally? If you are successful, why feel the need to correct the naysayers? It's less competition, after all, no?
You're not paying attention early bull run has started we're making gains hand over fist right now Stay in the rat race I guess many of us are getting out of it right now due to crypto. 🎉
True. But more than that, it blows my mind the much larger amount of people who ignored this life-changing wealth-making opportunity. Now THAT is pretty crazy to me, to dismiss outright something that could have improved theirs and their family's lives. People spend dozens of hours a week at their crappy jobs to barely make a living, meanwhile some of us made 6 digits in a few months with a bit of research and paying attention. No-brainer which side I am happy to have been on.
@@SemabachosJust because you were slightly luckier and was at the right place and right time doesn't mean it would have happened to everyone else. The whole concept makes absolutely no sense. Anyone with a brain could see that, that's probably why NFTs are dying out.
I think what is happening is the world realized NFTs are just fancy digital receipts, and that any kind of worthless thing like a JPEG file that is represented by these NFTs, is still a worthless thing when all is said and done.
If it was just a digital receipt nobody would care or actively hate them. Its the most inefficient, energy intensive form of receipt in human history. NFTs are the digital equivalent of hiring a 30-man workforce to calculate & write retail/grocery receipts by hand, then having these crews of professional receipt writers compete with each other for receipt-writing contracts. All of them driving to work everyday and collecting full paychecks, a massive & pointless bureaucracy of receipts.
You'd think they would have gotten a clue the moment people started copy/pasting the JPEG everywhere and they had no legal recourse to stop them. But they still dragged it out for several years.
@@OmegaZyion there is normalized dishonesty in "crypto' bc there is billions to be made of buzzwords, anything that was just an idea someone made for good reason or for lols is copied and hyped by scammers to morons like those that fell for nfts. people fakely sold land on other planets before, sold stars, and now they were selling hyperlinks promising artists fairness. hyperlinks are still cool, what scammers pretended they mean is cringe
Its funny that people are saying "regulatory uncertainty" regarding their abandonment of NFT's when the gaming industry has been going full-bore into loot boxes despite the ever growing evidence that they are training children to be problem gamblers. Regulations has nothing to do with it, it was a bad investment from day one.
Isn't the point of NFT is to be no regulation regarding the transfer of art? If so then they can't complain when the government won't help them stabilize the falling NFT price now does it?
Investors are backing out as more and more live-service games are dying out, or generate no hype. They'll never truly disappear, but the "genre" is passed its prime
i remember companies got even desperate saying that we don't like nfts because of our lack of understanding and we don't see the bigger picture, that made me so frustrated ngl, i still haven't swallowed the fact that a digital copy of a game costs the same as a physical one and they want me to believe this scam of nfts. anyway, those are very good news to start my morning, cheers.
I think with the digital game prices, they just want to match the retail variant to still get more money. Still baffles me because if you want more people to get games digitally, why not entice a lower price point than the physical? I'm not just talking sales either. Just the base price.
@@M00nlightOfficial btw physical sales are nothing compared to digital. You can find a copy of a 60$ game at 5$ or 10$ in a store but in psn or Xbox store it's barely 50% or 60% . buying a pc was the right option, at least there's steam that has better deals .
Dude, this is not even new. We have a history of selling snake oil to people who are too stupid to know as far as ancient times. And we haven't moved on from that much: the players may be different but the game is the same...
I've decided to go to my backlog in response to the prices going up. I can get through a couple of lengthy games in my library (ie: RPGs, racing game's career mode, platformers) that by the time I'm done with them the price for the new releases have gone down to a reasonable one.
It seems like companys are just following eachother. How did EVERY MAJOR COMPANY make such a horrible uneducated bet on "NFT's". Waste of resources, time, people, management, etc. What happened to companies actually being original and trying new things on their own instead of following everyone else.
Working in a multinational company really teaches you that companies waste a lot of money in managment errors or nonsense projects. The amount of systems/platforms implemented that do not work as intended or colpase upon evryone migrates to them i vmhave seen in like 5 years is wild, migrating GxP electronic documentation like 3/4 times in less than a decade is a waste of everyones times
Glad to hear it. Games are expensive enough without them adding more to it. It should be between 50 to 60 but they charge 70 for half a game that is broken. Then they charge for subscription then pay to win bull shish. I won't buy any game with nfts nor will buy any game from any company that releases a half finished broken game. Even if they fix it eventually.
NFT was the fad gold rush last pushed by business speculators, now they’re moving onto AI as a buzzword. Defining the actual benefit (for as many wide array of applications they are claiming it is a one-thing-solves-all thing) as usual, comes later. Outside of a carrot on a stick to try to get executives to think they can trade their workforce for.
I wish people would denounce AI as much as they did NFTs. Not only does it fuck over the artists who get their property stolen, it just sucks and should never be used as a substitute for human creativity
@@spoon7053 Yeah. AI may have a little bit of a different face, but it's being sold on the same inhumane monetary greed reasons that NFTs were being sold on.
At least AI isn't *totally* useless like NFTs were. However most of it just the same speculative handwaving or desperate CEOs looking for an excuse to cut workers. I even know a guy who said that the invention of Generative AI is comparable to the invention of electricity. Which is rich because I'm planning to become a machine learning engineer and I'm just like... no.
@@darklighter66 Honestly, NFTs are even worse than Tulipmania on multiple levels. For one thing, at least tulips have some amount of aesthetic value, unlike the tasteless procedurally-generated slop that's used for many NFTs. For another thing, the scarcity of NFTs is a completely artificial constraint (like it is for almost all digital items), whereas the most prized tulips were legitimately rarer and more difficult to create than others (because they had a unique discolouration caused by a virus that also made them more sickly and harder to grow).
To think that, three years ago, NFTs were the future to which we had to adapt or die. One can only hope that, in the near future, AI-generated “art” will be looked back on in the same light.
As someone who has worked for the company? I doubt they had much of a plan at all. They just saw money and wanted in on it. They make a lot of extremely dumb decisions and I swear it's like the executives don't want the company to be in business. Lots of "short term gains resulting in long term losses" types of decisions. It's really no wonder they're struggling in my area to actually keep their stores staffed to the point where they're able to even just be open their normally scheduled hours.
Companies will never allow you to resell a digital product without them. It simply will not happen. They want to buy your game back for 5$ so they can sell it for 20+. You as a consumer will never have that freedom. Anyone who says otherwise is lying
things like this feel like companies playing follow the leader in an ant death spiral. They only did it because they thought they were following the next big thing, all the way down
It was pretty pretty note worthy when it came out; mainly because users were uploading stolen and already copyrighted materials and Gamestop had zero oversight over it.
With augmented reality becoming more and more of a thing, you mark my words….this NFT bullshit is going to make a comeback when it can “exist” in the lens of these smart glasses etc., and I’m going to loathe every moment of it.
the big issue with nft in games is they make money, people will just find the easiest way to cheese them and bots will be all over them to make money not actual people. to make nft usable and good you need to make sure the leagalese doesnt have any loopholes and good luck with that. plus companies wont do anything interesting with them anyways. square aint about to add the ability to make a fan game and sell it as an nft award. the best part is corporations trying to get on board. by design nft and blockchain is anticorporate until corporations make mining farms and fork the project when they own enough
You know, I stay subscribed, because I find Yong a pretty ethical journalist, even though I don't watch these videos a lot lately. But this one I watched :] Absolute music to my ears.
I was laughing at the dumb buy in celebs had for NFT's after being recently reminded by it from the new Kevin Heart movie from Netflix called "LIFT". It looks like it was pitched at the time when they thought NFT's were the future, shame things change super fast in the tech world lol.
The only time and manner when I could somewhat accept NFTs, while it also alarmed me at first, is when Muse released an album with the option for an NFT-format. And the reason why I could be OK with that is because they didn't bloat the price or anything. It was pretty much the normal price of a digital copy, if not slightly more, but you basically got a limited edition NFT-receipt included, plus some extra digital goodies (non-NFT stuff). - I think they figured they'd try that just in case, but it's was rather ironic for a band that's usually rather principled.
It is time we as consumers/gamers and workers/developers start going on the offense. We can't keep fending off corporate greed indefinitely. call for Games Industry REFORMS!!!! Put a slap on NFT garbage like this. Sue corporations for trying to and deceptively ripping off consumers.
How exactly did NFTs gain value according to supporters? The whole premise is you buy them to sell them for more. But how exactly do they appreciate? When land appreciates, its because its a finite resource and the surrounding area becomes more developed. Gold is also finite.
I find it interesting how NFTS Became so popular In late 2021 and early 2022 and so many companies are just switching their production to AI stuff which is honestly better than crypto but the future seems a little dark as always with new exploitable technologies I love innovation # Sarcasm
Oh no, what miracle of human genius could have ever possibly seen this coming!?!” …. All of us, literally, every person and a brain that doesn’t have that sort of income to throw around on digital stickers. Where did they think the market was? Literally only other wealthy twats.
I have that OLED and a FALD ultrawide (X35) hooked up to my PC and a PS5. The OLED is just stunning to play anything on. The compatibility with PS5's display output features really helped sell it, too. Can't deny I still have OLED degradation anxiety, so I try not to play games like FFXIV on it; where there are constant high contrast static elements. That TV is just so wonderful to watch HDR content on. However, some games on PC get overexposed in HDR modes for example Forza Horizon 4, if your graphics card is set to output 12-bit color to the TV.
NFTs going down couldn't have happened to a group of people more deserving of it happening. Everything to do about crypto is just unrestrained greed at all cost from bottom to top. It is why I have no sympathy for anyone caught up in a cryptoscam anymore.
@@GameDeveloperPrim-EvilDo you even hear yourself? The nft marketplace is dead, crypto is a shadow of what it was, metaverse is a joke and generate ai is just a basic prediction tool that needs input from thousands of people to function. People play for fun, if someone wants a grind of a job that pays almost nothing they'd work in telesales
The only people I heard talk passionately about NFT's were the manager type high intelligence-low wisdom kind of people that could only see the numbers encouraging their behaviour and how their bank account could benefit. I got the same kind of vibe from people who got ensared by MLM's.
