Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

gogalagames.medium.com

Post reply on HN
Print view View original

41–48 of 48 posts

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

#41

Post by chmod775 »

CptFribble wrote: post #16

The fact that co-founder of Zynga and creative director of FarmVille 2 are behind this enterprise is extremely telling. A few thoughts: 1. There is a small-but-non-trivial segment of gamers that are willing to spend huge amounts of money for in-game privileges. 2. There is a similar, somewhat-overlapping segment of gamers willing to spend huge amounts of time on a game, if that huge amount of time is rewarded with th…

> 3. Asia is driving the leading edge of game monetization now, and that leading edge is gacha games (lootbox mechanics/disguised digital slot machines).

There's nothing leading edge about this. Both western and eastern video game companies have been doing this for more than a decade.

An infamous example is EA, who have been sucking the fun out of their games with this for ages. Bonus points to them for slapping these mechanics on paid games which they sell en-masse by exploiting franchises popular with mass-market consumers, then extracting additional money using the sunk cost fallacy.

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

#42

Post by anigbrowl »

drchopchop wrote: post #26
CptFribble wrote: post #16

The fact that co-founder of Zynga and creative director of FarmVille 2 are behind this enterprise is extremely telling. A few thoughts: 1. There is a small-but-non-trivial segment of gamers that are willing to spend huge amounts of money for in-game privileges. 2. There is a similar, somewhat-overlapping segment of gamers willing to spend huge amounts of time on a game, if that huge amount of time is rewarded with th…

They'll run out of money before they attract enough whales to survive, because I don't see anything resembling a fun game here. It's like Minecraft, if you were farming for meaningless loot boxes all day. Just read some of these insane quotes: "The game will also have 1,000 farm bots which can mine a token, like a Bitcoin miner. You can buy a loot box, assemble the parts to make a farm bot, and set them loose mining.…

Conversely if you don't get in on the first wave then there's little reason to come in later because you'll never catch up no matter how well you play.

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

#43

Post by duskwuff »

ketzo wrote: post #34
marcinzm wrote: post #19

Earlier quoted context omitted.

>Very few people actually "play". I don't think I've ever met anyone who collects but doesn't actively play these games. However I've met tons of people who play casually and don't really collect.

I'm with you that there are definitely a lot of players. But recently, speculation on/collection of Pokemon cards in particular has become kind of a big thing. [1] https://kotaku.com/twitch-streamers-are-opening-90s-pokemon-...

Even there, the reason those cards are considered valuable is ultimately because people played the game. Not necessarily the same people who are collecting the cards now, but that's where it started. There are hundreds of other CCGs from the 90s whose cards are basically worthless today because the game was a commercial failure.

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

#44

Post by [deleted] »

grawprog wrote: post #33
drchopchop wrote: post #26

Earlier quoted context omitted.

They'll run out of money before they attract enough whales to survive, because I don't see anything resembling a fun game here. It's like Minecraft, if you were farming for meaningless loot boxes all day. Just read some of these insane quotes: "The game will also have 1,000 farm bots which can mine a token, like a Bitcoin miner. You can buy a loot box, assemble the parts to make a farm bot, and set them loose mining.…

>The game will also have 1,000 farm bots which can mine a token, like a Bitcoin miner. You can buy a loot box, assemble the parts to make a farm bot, and set them loose mining. Or you can just buy a farm bot preassembled at an expensive price. >The people who were first to play it are going to get more than people who are last to play it. So, I mean, there’s definitely a reason to come in.” So it's designed with pret…

[deleted]

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

#45

Post by GNCollective »

duskwuff wrote: post #18
aukiman wrote: post #14

Earlier quoted context omitted.

"and which are only accessible within that game" - this isn't correct. The concept of public blockchain allows these NFTs to be used anywhere that also uses that blockchain. They have mentioned this in another article on their ecosystem. https://gogalagames.medium.com/the-gala-games-node-ecosystem...

"Used anywhere" implies that an in-game item has a use outside that game. While it's technically possible that another game might decide to "honor" these items, in practice that's almost certainly not going to happen.

Whilst I agree this may not necessarily be put into practice by other games, Gala Games is also said to be using select NFT items across multiple games in their platforms too. They have already demonstrated collaborations with other games in the blockchain space so it wouldn't be too far fetched to imagine that a sharing of NFT between partners might follow.

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

#46

Post by GNCollective »

SkyBelow wrote: post #22
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…

I recently tried out a game backed by a block chain. I had uninstalled it quite quickly because it was taking dozens of seconds to load a level because my previous actions had to be saved to the block chain. Maybe they picked a poor implementation of block chain to go with, but sacrificing performance for any of the benefits of being on a block chain is not a trade off I see worth while in games in general. Players c…

This absolutely isn't the case with the BETA product (TownStar) already available for free play on the Gala Games platform if you want to check the implementation.

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

#47

Post by duskwuff »

GNCollective wrote: post #45
duskwuff wrote: post #18

Earlier quoted context omitted.

"Used anywhere" implies that an in-game item has a use outside that game. While it's technically possible that another game might decide to "honor" these items, in practice that's almost certainly not going to happen.

Whilst I agree this may not necessarily be put into practice by other games, Gala Games is also said to be using select NFT items across multiple games in their platforms too. They have already demonstrated collaborations with other games in the blockchain space so it wouldn't be too far fetched to imagine that a sharing of NFT between partners might follow.

"Is said to be using"... who is that said by? By you?

"They have already demonstrated"... where? Across what games? I only see one.

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

#48

Post by aukiman »

duskwuff wrote: post #47
GNCollective wrote: post #45

Earlier quoted context omitted.

Whilst I agree this may not necessarily be put into practice by other games, Gala Games is also said to be using select NFT items across multiple games in their platforms too. They have already demonstrated collaborations with other games in the blockchain space so it wouldn't be too far fetched to imagine that a sharing of NFT between partners might follow.

"Is said to be using"... who is that said by? By you? "They have already demonstrated"... where? Across what games? I only see one.

"who is that said by? By you?" By their devs, by their media, on their website, in their discord, at their AMA's. Planning already for their second game alpha release which is what the entire thread here is about ie the 800K NFT sale prep for Mirandus.
Post reply on HN