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> Surely Ubisoft is just storing metadata about the items in the blockchain, not the actual model or anything. So Ubisoft could delete the item from the game,
by jonny_eh 5y ago
> Surely Ubisoft is just storing metadata about the items in the blockchain, not the actual model or anything.
So Ubisoft could delete the item from the game, and therefore owning the NFT means nothing. What's the point of using NFT instead of a Ubisoft owned DB?
- theplumber 5y agoBoom! Now you know what NFTs are.
- na85 5y ago> What's the point of using NFT instead of a Ubisoft owned DB? Now they get to say they're using NFTs in their press.
- josho 5y agoBingo. One of the biggest challenges these days for entertainment companies is successfully marketing their product. By saying they are using NFTs they've captured all sorts of free media attention. And they've even launched this on an older game, so they can test if it results in increased engagement or revenue.
- throwaway473825 5y ago> What's the point of using NFT instead of a Ubisoft owned DB? Less work. Maintaining a marketplace is resource intensive. If the same functionality can be achieved with NFTs, it makes little sense to use a proprietary solution.
- pornel 5y agoThere are simpler and cheaper databases that can do more than 40 transactions per second.
- wlesieutre 5y agoBlockchain lets them wash their hands of theft, just say "Oops, blockchain! It's theirs now, we don't control that." Users may consider this a bug, but from Ubisoft's side it's less responsibility.
- lupire 5y agoUbisoft users already have accounts, so they already have to deal with theft.
- SahAssar 5y agoThey have a marketplace. They have the accounts. They have the payment details. They need to keep track of purchases and make sure they are allowed under their conditions. The need to verify and integrate the items into their game. They need to tie specific ubisoft accounts to crypto wallets. Are you seriously saying that their motivation was that it's less work?
- antihero 5y agoThis is how pretty much every NFT works. They just embed a URL. You are buying a URL, which I think must be publically available due to being on the blockchain, unless it's encrypted with the buyer's pubkey which would make some sense.
- lsalvatore 5y agoThis surely can't be true for the typical image-based NFTs? I thought the entire point is that the full JPEG is embedded in the blockchain, thus not being dependent on any image hosting service.
- WorldMaker 5y agoOn chain storage is expensive per KB so the vast majority of image-based NFTs are stored on awful image hosting services. A very common complaint among NFT buyers is how many of the "NFT-specific" image hosting services have already gone down and/or (of course) respond to things like DMCA takedowns.
- lsalvatore 5y agoThanks for the explanation, this makes me profoundly sad and is completely absurd. They call it "minting" which I actually thought was a neat way of putting the image itself on chain which can't be deleted and is permanent, so people spending crazy amounts of money can at least have the piece of mind that what they've bought is immutable. This shouldn't be considered an NFT at all.. imagine if bitcoin was just linking to a bank transaction. In fact- a definition of NFTs: "unique digital asset that is not directly replaceable with another digital asset" - swapping the results of the URL would invalidate this. What is the actual point?
- piva00 5y agoThe actual point is to scam people. With the support of true-believers that this is a thing to give it hype. Crypto in general feels like MMM scams but for men.
- _aavaa_ 5y agoEven if it wasn't storing metadata, Ubisoft can blacklist your NFT at any point. Owning the NFT means nothing since you don't own the game in which they're used.
- lupire 5y agoIts a Non Fungible Token. Not a Non Fungkble Skin.