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GameStop Is Creating a NFT Platform
- cyanydeez 5y agotheyre gonna pump the meme culture for sll its empty worth
- addicted 5y agoIt’s hilarious that anyone thinks this is anything other than a way to pump the stock.
- Cicero22 5y agoThat address starts with 1337420 lol. I can't help but feel this is timed poorly though. Surely there must be some fatigue towards both gamestop and crypto.
- Jarwain 5y agoWouldn't that make it better timing though? Revitalize hype and stay relevant? This isn't a direction I expected from gme but I'm interested to see where it goes
- chii 5y agoi would be flabbergasted if this NFT thing actually turns out to be profitable. But weirder things have happened before lol
- shanekandy 5y agoDoes anyone have insight into the possibility of this being for a second-hand gaming market?
- anonporridge 5y agoOwn and have the right to resell your digital games maybe? With an NFT platform, the game creator might even issue the NFT such that they get a cut of any resale.
- anonporridge 5y agoNFTs for rare in game items that can transcend any particular game's ecosystem and be bought and sold on an open marketplace maybe? Are you Ready Player One? The future's about to get weirder.
- prestigious 5y agoI think about that A lot. You would need some sort of website that prevents you from creating OP items and also allows the different game makers to create NFTs without breaking other people’s games but allows them all to gain revenue through the creation.
- danbolt 5y agoThere will be rare in-game items until Windows Update affects compatibility with the game’s Unity client and the developer is out of business.
- prepend 5y agoI suppose they’ll be just as good competing with the existing NFT platforms as they competing with Steam and similar platforms.
- X6S1x6Okd1st 5y agoSo the ETH address is a contract that defines an NFT, but it just links to the video that is already playing on the website. Direct IPFS link is ipfs://QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS They've also encoded the launch date as 1626261600. The owner of the NFT is 0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad. I don't immediately see anything interesting there.
- syspec 5y agoThey couldn't hide the controls, and turn on auto play on the video on the landing page... but they're gonna build an NFT platform
- musicale 5y agoThe first two of those win points in my book. Autoplaying video is a monstrosity.
- hiccuphippo 5y agoand the second in mine. I hate it when I can't stop an animation, which is why I don't like gif.
- TheRealNGenius 5y agoA reskinned version of the chrome Dino game is found when you click the dot on the top right of the site.
- himinlomax 5y agoI've never seen any compelling argument in favor of NFT. Everything points to it being pure hype with no redeeming value whatsoever, and this is no different. To wit, I don't recall reading even a single comment on HN entirely supportive of NFTs, and there's hardly ever any shortage of contrarians on most topics.
- dehrmann 5y agoBut Gamestop doing it makes it meta hype!
- meowface 5y agoYeah, I'd be interested in seeing a steelman for them. Pretty much everywhere you go, sentiment is nearly 100% negative. I see some value in ideas like using tokens for tickets of some sort, but that would likely use a semi-fungible token system (ERC-1155), not non-fungible tokens (ERC-721).
- Quekid5 5y agoNFT is tulips all over again, basically.
- noxer 5y agoPosted this https://news.ycombinator.com/item?id=26954023 https://news.ycombinator.com/item?id=26954023 about a month ago. No one cared about it as expected. The video is the interesting part skip to 13 minutes and 50 seconds.
- mattdesl 5y agoThe basic idea is that distributed ledgers, tokenization, and smart contracts are enabling new paradigms for what it means to "own" digital property — in such a way that it is provably secure, transparent, and decentralized (i.e. built on distributed trust). The other important aspect is that these systems and their tokens are programmable: "NFT" is just a standard set of functions within a blockchain smart contract, but new markets are emerging that explore alternative uses of the same tech, such as governance and/or entrance tokens that allows holders to participate in decentralized structures (multi-signature collaborative wallets, DAOs, etc). Here's two interesting & positive examples off the top of my head: [1] Hicetnunc.xyz - https://restofworld.org/2021/inside-brazils-diy-nft-art-marketplace/ https://restofworld.org/2021/inside-brazils-diy-nft-art-mark... [2] Mirror.xyz - a blogging platform that allows authors to create new markets, e.g. this crowdfunding campaign for a DAO creative residency that rewards backers with governance tokens https://creators.mirror.xyz/20Eyc57rknNJYL9vJa11zvupU_MXP7NZJUADTzTlCjQ https://creators.mirror.xyz/20Eyc57rknNJYL9vJa11zvupU_MXP7NZ... EDIT: I should say I haven't looked at this OP's GameStop link, and there is tons of junk and unnecessary ideas in the NFT/crypto space. But if you look beyond the mainstream media headlines you may find the technology interesting.
- mrkramer 5y agoInvestors gonna love this. lol
- gbronner 5y agoOne theory is that Ryan Cohen's lockup expires around then, and they will have reported earnings. Rc is not accepting payment from the firm, so he'll be free to sell his stake then
- nairboon 5y agoClick on the white dot in the top right corner...
- tr1ll10nb1ll 5y agoAh, the classic chrome game clone.
- pcdoodle 5y agoImagine a digital asset used by a professional gamer in a tournament, you could then auction it for charity and the asset could be used in that game or possibly others. The fact that it's recognized by the game code as a NFT could make it scarce in that game.
- duped 5y agoWhy does this require NFTs? Couldn't you just put one item into one person's inventory?
- pcdoodle 5y agoIt doesn't but I think if it's done right, it has value. I would love to race the exact configuration of a classic digital asset along with physics model from 50 years ago. Porsche unleashed game from 2000 is a good example, there's history and culture there, especially now that digital sports are a thing.