Historic sale of a Gala Games Fantasy MMORPG in-game NFT item for US$800K

Post by aukiman » Mon, Jan 04, 2021, 8:42 PM UTC

bserge wrote: post #7

jbob2000 wrote: post #4

Earlier quoted context omitted.

Sounds like whale-catching mobile games on a much bigger scale; Create a fake world with a bunch of fake restrictions, line up a bunch of bored computer nerds, get them to feel superior over one another by demonstrating their wealth with the purchase of expensive bits and bytes. The cryptocurrency talk is just the mumbo jumbo to catch the idiots. It’s like those alternative healthcare practitioners who sprinkle in th…

So, Eve with pseudo-8bit graphics? I always wanted something like Eve in a fantasy setting, but damn I hate Minecraft-like graphics :/

Post by the_jeremy » Mon, Jan 04, 2021, 8:51 PM UTC

drchopchop wrote: post #13

NathanKP wrote: post #11

Earlier quoted context omitted.

It looks to me like its in the same vein as Pokemon Cards, Yu-Gi-Oh cards, etc. Very few people actually "play". They just collect for the sake of collecting, and they buy out of fear of missing out on exclusives. It isn't a model that appeals to everyone, but it appeals really well to some whales, hence it exists.

Well, you wouldn't buy Pokemon, Yu-Gi-Oh, Magic: The Gathering cards if you hadn't at least spent some time playing. Those are games which have had, at least at some point in their lifespan, large communities of players. I kinda doubt rich people are randomly buying mint alpha Black Lotus cards with no knowledge of the game? Side note: you can still fail with this type of monetization even if the game is huge (see: D…

Post by chris11 » Mon, Jan 04, 2021, 9:06 PM UTC

drchopchop wrote: post #12

duskwuff wrote: post #8

Man, I really don't get the point of this. (And I mean the game in general, not just the sale of this franchise.) It's like blockchain play-acting. Using a blockchain to track the status of objects which only exist within an online game, and which are only accessible within that game, makes no sense to me. Ultimately, the status of those objects is subject to the whims of the game and its operator, not the blockchain…

The creator was ex-Zynga, so of course it's largely built around a whale-first monetization strategy. Even more dangerously, it's inside of a game that appears to be largely vaporware, and has no high-profile company to give weight to the virtual items. At least you know Blizzard or Epic will be around for a while, these people could be bankrupt tomorrow and all you'd own is a worthless (and expensive) Ethereum trans…

Post by spoonjim » Mon, Jan 04, 2021, 9:12 PM UTC

duskwuff wrote: post #8

Man, I really don't get the point of this. (And I mean the game in general, not just the sale of this franchise.) It's like blockchain play-acting. Using a blockchain to track the status of objects which only exist within an online game, and which are only accessible within that game, makes no sense to me. Ultimately, the status of those objects is subject to the whims of the game and its operator, not the blockchain…

Post by Supermancho » Mon, Jan 04, 2021, 9:24 PM UTC

monkpit wrote: post #9

jbob2000 wrote: post #4

Earlier quoted context omitted.

Sounds like whale-catching mobile games on a much bigger scale; Create a fake world with a bunch of fake restrictions, line up a bunch of bored computer nerds, get them to feel superior over one another by demonstrating their wealth with the purchase of expensive bits and bytes. The cryptocurrency talk is just the mumbo jumbo to catch the idiots. It’s like those alternative healthcare practitioners who sprinkle in th…

Sounds like Linden dollars and Second Life... round 2