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https://www.thesixthaxis.com/2022/06/24/ashfall-blockchain-nft-days-gone/
https://nftnewstoday.com/2022/07/04/ashfall-new-nft-themed-game/
Game NFT...NFT bad, great. How is it "more scams" then a F2P game with micro-transactions (Diablo Immortal, for example).
A NFT is for example, a Picture or Item(when in a game) that just exist once and you cannot dublicate it cause it's saved in a block from the Blockchain, something like that.
It's "vital" to understand that this is supposed to fail - so reporting is the only chance. I do hope there will be enough - as Gabe is definetly against nfts - so it would be against steams tos.
BR
Critney
For example:
Current way cosmetics work in games: You buy a skin and never see any of that money back to you because it's tied to your account and that's that. Money in devs pocket and it's gone forever. Your skin holds ZERO value this way.
With NFTs, your in-game cosmetic purchases can now be a digital ASSET that the community determines the long-term value over time. If you ever decide to quit the game or get tired of the skin, you can sell it for a potential profit down the line. CSGO, TF2 and dota are a great example of this in action; It just exists in the Steam ecosystem rather than being blockchain based. Valve is basically way ahead of the game with how skins in videogames SHOULD be handled.
I know your post is several months old, but since noone gave you a clear answer, I'll do so.
NFTs are actual scams. Think of them as offers you'd get from a Nigerian prince calling you asking for money and promising millions in return. That is almost exactly how NFTs work. With microtransactions you at least get something in return. A skin, an item, a boost, etc. A NFT is the "promise" of you giving someone money and you will get more money back. But you never do. It's "literally" a more modern version of the old nigerian scams.
Now there is a lot more to them than that. But that is the "simplified" version of it. I'll cover some of the more complex elements of the scam as well. You may have the old articals of people buying NFT pictures of monkey's in costumes for millions of dollars. To the person who has no idea what an NFT is, you'd see that and think they are buying the ART of that picture the same way someone buys a painting and owns it. But the funny thing is, the picture is not the NFT. In fact the picture is not owned by either the buyer or the seller, they are often pictures downloaded from some random art website. The "art" is just a picture someone uses to identify which NFT it is. The NFT is actually nothing more, than a number in a long string of numbers. (Yes seriously)
To give that more context, think of a line at a themepark to get on a ride. You have say 50 people standing in that line. Each person is holding a number in that line. The guy at the front of the line is number 1. The guy at the end is number 50, etc. You can buy someone's place in that line for X number of dollars. Now thats YOUR spot, and noone else can have it unless they buy it from you. The NFT here is your secret code that says that spot is yours. The only thing is... That line doesn't actually go anywhere. There is no ride. It's just a line. Your paying to have a spot in a line that goes nowhere. So where does the picture come in? You get to wear a pin with that picture on it representing that you own a place in the line. Thats all it is.
So you may be confused at this point. (I know I sure was when I dug into NFTs and what they really were.) Why would "ANYONE" want to be involved with this? Thats actually very simple. Scammers want to be involved in this, and they want people to be scammed by this. See the scammer CREATES the NFTs. You yourself can right now, go make NFTs and sell them. Nothing is required to do this other than some typing at a keyboard and a little programming. You can even steal the pictures from someone else. From there all you have to do is the old pyramid scheme scam. You trick people into thinking the spots in your line have value. How do you do that you ask? Simple, you trick a single person into buying a spot for one penny. Then you show someone else the other guy bought one and now you'll sell one of these spots to him for a nickle. Now the people who bought those spots try and convince others to buy theirs for a dime.
This keeps going with each new victim becoming a scammer themselves, and helping to propagate the scam and raising the prices. When the first person to who paid a penny sells theirs for $10 to some other fool, he then propagates it even further saying "hey I made $10 profit off these NFTs." And in fact he did. This continues for a while till they hit a peak value. The original scammer then DUMPS all his remaining spots in the line. (his NFTs) to make as much money as possible, and now the scam is complete. From here the scam either keeps going for a little bit, or immediately collapses. But either way, it does collapse as people are all greedily trying to cash out. Some people do make a profit, but a lot of people lose a LOT of money for that to happen.
With videogame NFTs it's largely the same scam. The only thing that changes is that instead of pictures of monkey's in outfits, it's now tied to the skin of a gun, or a +2 sword of bull****. So whats the difference between a microtrasaction and a NFT at the end? The corporation that sells them can charge upwards of 10,000x as much for it as a NFT than they could as a microtransaction, because now they claim it has real world value as a NFT. Which it doesn't, but they can say it does.
Hope this wall of text helps to explain NFTs. Plenty of sources on the matter. It's just a very modern "techy" variant of an old scam. Deliberately made complicated to hide what it is, and how it works.
Every source, including their own mouths, says it's a NTF game.
so what changed and according to who?