Finally, someone who can clean my dirty boots with his tongue

NFT technology will not go away. It will be in a different form, not trading cards with shitty jpegs attached

“I studied economics in high school. Hear my wisdom.”

“I went to high school. Hear my wisdom”

This comment is fkn stoopid. Seriously. Look at the logic

One for musicians

MC Waterboard

Uhm… Sorry but you have a fundamental misunderstanding of how this tech works.

NFTs are stored in a “wallet”, the address is recorded on the blockchain. As long as you know your seed phrase (or other recovery key) it will be yours eternally. The NFT market is only a place to put buyers and sellers in the same spot. Even “in the market”, the NFT lives at a blockchain address, someone else’s wallet.

That’s why Gamestop can say “we’re shutting down our wallet service. Get your recovery key and restore your NFTs elsewhere”

Gamestop doesn’t run a licensing server and probably won’t. That’s for publishers. Also, NFTs make licensing servers redundant.

Your comment makes me think you don’t get how the technology works. Ethereum blockchain will continue to exist whether Gamestop does or not…

The publisher mints the NFT. As the creator of the NFT, their wallet will automatically be given a percentage of future sales through smart contracts.

When it goes mainstream, it won’t feel shoehorned at all. You probably won’t even know you’re using the technology unless they decide to emphasize it in marketing materials.

Right now, how would you re-sell a digital game and verify it’s an authentic originally purchased copy? Blockchain tech allows for this. That’s the incentive for end users. They can know where the file originated and trust the seller. You’re not buying a stupid trading card, you’re buying digital media with a certificate of authenticity attached.

Edit to add: I’m pro-piracy and generally anti-blockchain (especially as currently used, where we all pretend it’s stonks).

Honestly, I don’t think it does, but it makes re-sale of digital media possible. Right now you can’t return a crappy game to the shop where you bought it. If you want a refund through Steam or something, there’s a limited time. If. you accidentally buy the wrong version of a game, it’s a lot of hassle. If you get tired of the game, or just don’t really like it, it’s basically stuck in your library forever

Attaching the files to NFTs will make these things possible and even easy.

You probably won’t even know you’re interacting with NFT technology

I don’t think your opinion is wrong, just misinformed/uninformed. I share your opinion mire generally about blockchain tech, as it’s clearly been used for scams and bullshit.

We’re not talking about Bored Ape fake trading card nonsense. We’re talking about Game Publishers and re-sellers who want to verify provenance of a file. The publisher (creator) wants to get a cut of a forward sale of the game. That’s the speculated way that this would work. Whether it’s tied to Gamestop is irrelevant. NFT technology will serve this purpose for all forms of digital media.

Gamestop is just the only service currently offering this benefit when minting your NFT (or was… Maybe it changed)

Will be a dark place, mostly

The blockchain has nothing to do with Gamestop’s solvency as a company (which is not in doubt, BTW). It’s Ethereum blockchain.

The last sentence of your comment sounds like you don’t actually understand blockchain technology at all…

I am not really all about NFTs but they are not going away… They are the perfect tool for digital capitalism. They create a kind of artificial scarcity

In the case of the Gamestop policy, at least creators get paid for their work as long as its remains popular/desirable

The Gamestop marketplace has been operational for a while. Not sure what you’re on about…

What’s sus about creators receiving royalties for their own work?

The company’s wallet, not its NFT market. The recent ruling with Ripple and SEC made it appear that running both an exchange AND a wallet would be considered a violation of securities law.

Gamestop wallet users can move their digital items to any compatible wallet

That’s just not true.

https://nft.gamestop.com/

The Gamestop NFT marketplace will hopefully allow creators like you to release games and collect a royalty for each re-sale