Image: Golden Sikorka (Shutterstock)
We were so close. As the NFT market suffered one meteoric crash after another and some crypto-based games lost hundreds of millions of dollars, it seemed there for a second that the gaming industry was coming to its senses. But no. This week alone, two major parties announced their commitment to crush NFTs and video games together.
Square Enix, the legendary publisher that seems intent on burying every ounce of goodwill it’s accumulated over the years and then dancing on the grave, is redoubling its obsession with blockchain technology.
Earlier this year, Square Enix sold a handful of prestigious studios — including Deus Ex creators Eidos Montreal and Tomb Raider stewards Crystal Dynamics — for $300 million. Around the same time, the company announced clear intentions to integrate blockchain technology into its games. The company’s report for its 2022 shareholder meeting, released this week (via Siliconera), says it plans to introduce “story-focused NFTs” into its games.
It’s unclear exactly how this blockchain technology will introduce new features that don’t yet exist in video games. Square Enix officials did not respond to a request for comment.
Also this week, a duo of former PlayStation execs – Michael Mumbauer and John Garvin – announced the formation of a new studio, Liithos (slogan: “From impossible to inevitable”), which plans to develop games on the Hedera crypto network. Mumbauer, who previously co-founded indie studio That’s No Moon, stepped down from his role as CEO earlier this year. (That’s No Moon was founded last year and hasn’t released a game yet.) Here’s part of his mission statement for Liithos:
I want to see a world where the characters and stories I love don’t end after I finish the game. This has been a dream of mine for several decades. The biggest hurdle to overcome was that there was no meaningful way to connect different entertainment worlds together in the right way. Web 3 will unleash the power to transform the way we engage in entertainment. Imagine reading your favorite comic or watching the latest season of a show you love, except they’re all set in the same amazing world. Even better, if you watch the show, you’ll get something that will add an incredible amount to your enjoyment of the game. Is that possible?
The first game from Liithos is Ashfall, a post-apocalyptic action game set hundreds of years in the future in the Pacific Northwest. Liithos is currently selling an Ashfall-based comic for $100 (expected to ship September 23). Garvin, who previously wrote and directed the open-world survival game Days Gone, will serve as Ashfall’s creative director.
This is concept art for Ashfall, not Outriders. Image: Liithos
It’s unclear exactly how Liithos plans to bring a blockchain-based game through the certification processes of historically strict console storefronts. Through a representative, Mumbauer told Kotaku, “Development will take a while, [but] we believe the integration of technologies that will amplify our transmedia goals will eventually come online.” Alternatively, if one isn’t created that we can use for Ashfall, we intend to have some focus on the technology backend to connect media together.”
This week, NFT.NYC is hosting its fourth annual festival, bringing a horde of crypto bros to New York City. One of the main stages was directly across from Kotaku’s headquarters; Walking from the subway to the office every day meant wading through a sea of fleece half-zips, polyester chinos, and red plastic ties. After hours, attendees flocked to the galleries of Soho and Williamsburg to sip sour Prosecco and discuss a “Gary V” in hushed, awed voices.
It’s one thing to hear about it, read about it, or watch from afar a venerable publisher of typically excellent games making terrible business decisions. It is something completely different to see the passion so tangible in person.
What is an NFT transaction?
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from one another. This may interest you : You can now play EmilyBlaster, a video game inspired by Emily Dickinson’s poetry. Unlike cryptocurrencies, they cannot be traded or exchanged for equivalents.
What is an NFT and how does it work? NFTs are individual tokens that store valuable information. Because they have a value that is primarily determined by the market and demand, they can be bought and sold just like other physical types of art. NFTs’ unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners.
Why would you pay for an NFT?
An NFT, or non-fungible token, essentially allows its buyer to say they own the original copy of a digital file, just as you might own the original copy of a physical work of art. Many or all of the products featured here come from our partners who reward us.
What kind of transaction is buying NFT?
When it comes to buying and selling NFTs, they are generally not bought and sold using traditional methods such as credit cards or cash. However, there are some NFT marketplaces where you can buy NFTs with a credit card. Read also : Brewers games at Bally Sports Wisconsin will be available through an in-app purchase, without the need for a cable, starting Thursday. A majority of NFTs are bought with a cryptocurrency like ETH.
What is NFT stand for?
NFT stands for Non-Fungible Token. It is generally created using the same type of programming as cryptocurrency like Bitcoin or Ethereum, but that’s where the similarity ends. See the article : DC wants to significantly improve its video game production. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.
How do I get NFT art on my phone?
Can I create NFT graphics on my phone? It turns out that there are a number of applications to develop NFTs from mobile phones that can be found in the virtual stores of iPhones and Android. In this note, Infobae has compiled the most popular alternatives so that users can easily create their own artwork.
What app do NFT artists use?
SketchAR. SketchAR is a popular app for converting your artwork into NFTs. This app supports AR, AI and various canvases to help you create awesome crypto art.
Does NFT have an app?
Additionally, you can access the NFT marketplace through the Binance mobile app, available for iOS and Android. The marketplace offers NFTs hosted on both the Binance Smart Chain and Ethereum – with just a 1% transaction fee for a purchase.
Are NFTs a good investment?
An NFT can be a legitimate investment if investors understand what the NFT is being used for. “Making sure you have something useful is a better choice for the long-term life of what an NFT is,” says Donaraski.
Are NFTs worth buying? An NFT has value because the buyer and their community believe it has value—which is true of all art and collectibles. And over time, an NFT gains more and more of its own character based on factors like who owned it and how they used it.
Can buying NFTs make you money?
Minting Your Own NFTs Minting refers to the process of taking a digital asset (like digital art or music) and placing it on the blockchain. Once the asset has been minted into the blockchain, it can be traded on the top NFT marketplaces, allowing you to monetize your creation.
What are the best NFTs to invest in?
The 10 Best NFTs to Buy
- Lucky Block NFTs.
- Bored Ape Yacht Club.
- CryptoPunks.
- Chubby penguins.
- decentralized
- doodles.
- Autograph.io.
- The Galactic Gang Collection.
Does NFTs have future?
According to data from Google Trends, global interest in NFTs increased by 426 percent in August 2021, with people showing strong interest in buying NFTs,” said Tarusha Mittal, COO and co-founder of Oropocket, a digital asset investment platform. Experts assume that this trend will continue.
What are the most popular NFTs?
One of the most popular NFT collections is Bored Ape Yacht Club (BAYC), a collection of 10,000 monkeys on the Ethereum blockchain. It currently has a minimum price of over 113 Ether or $351,868. To date, according to OpenSea data, 496,700 ethers or $15,466,641,960 in volume have been traded for BAYC.
What type of NFTs are selling the most? Art. Art is the most popular form of NFT out there. For this reason, art is also the type of NFT that sells best.
What are the most popular NFTs to buy?
The 10 Best NFTs to Buy
- Lucky Block NFTs.
- Bored Ape Yacht Club.
- CryptoPunks.
- Chubby penguins.
- decentralized
- doodles.
- Autograph.io.
- The Galactic Gang Collection.
What is popular in NFTs?
Users from different industries can use NFTs. Some of the most prominent uses would be in the art world, the gaming industry, and the collectible market. You can use non-fungible tokens to create and track digital artworks in the art world.
