4 ms·

Is this surprising? I would expect this to be the case based on two factors - one, SL’s much longer availability to end users and the much lower friction to acq

Is this surprising? I would expect this to be the case based on two factors - one, SL’s much longer availability to end users and the much lower friction to acquiring items and two, the much smaller initial buy-in cost of SL items. Even a “free” ethereum NFT is going to cost a user over $100 for gas alone!

LordHeini 5y ago
I would say there are 3 factors. The SL items can actually be highly complex, scripted stuff, animations etc. Their purpose it to provide their buyers with entertainment like owning a movie in a digital library. An NFT serves no purpose at all. Other than collecting it for whatever reason.
- randomhodler84 5y ago
  While I think buying ingame SL items and NFTs is dumb, there is no reason an NFT cannot be as much or more functional than a SL item. The idea is that the token represents a non-fungible item is the same. The argument is portability — which I don’t think is that strong to be honest, as game devs are not likely to make mutual compatible items, it’s a point. Most NFTs “contents” are based off the ERC721Metadata standard, which is but one of many possible future formats. They don’t have to be ugly jpegs.
  - LordHeini 5y ago
    The key difference is the interactivity SL provides. In SL you could buy a virtual car and drive around in it with your friends. Good look doing that with an NFT. There is no world, no car and no friends to connect with. In truth most SL stuff is probably some sort of sex bed with a bunch of animations for two ;)
    - AnIdiotOnTheNet 5y ago
      I think that parent's point is that an NFT can represent ownership of a virtual car in SL or a similar game. Of course, as they also point out, it doesn't really bring any value over the existing mechanism for owning SL items.
davidweatherall 5y ago
There are other blockchains which are much more NFT friendly which you can mint an NFT for next to nothing. Avalanche or Solana for exanple, have a fraction of the gas fees but the same capabilities as Ethereum
- emptybottle 5y ago
  Tezos (along with hic et nunc) are popular for clean NFTs as well.
- PretzelPirate 5y ago
  They support smart contracts, but trade off censorship resistance and decentralization in order to achieve those low fees. NFTs are useless without those features and there are other, more secure alternatives to using “cheaper chains”.

LordHeini 5y ago

I would say there are 3 factors. The SL items can actually be highly complex, scripted stuff, animations etc. Their purpose it to provide their buyers with entertainment like owning a movie in a digital library. An NFT serves no purpose at all. Other than collecting it for whatever reason.

randomhodler84 5y ago
While I think buying ingame SL items and NFTs is dumb, there is no reason an NFT cannot be as much or more functional than a SL item. The idea is that the token represents a non-fungible item is the same. The argument is portability — which I don’t think is that strong to be honest, as game devs are not likely to make mutual compatible items, it’s a point. Most NFTs “contents” are based off the ERC721Metadata standard, which is but one of many possible future formats. They don’t have to be ugly jpegs.
- LordHeini 5y ago
  The key difference is the interactivity SL provides. In SL you could buy a virtual car and drive around in it with your friends. Good look doing that with an NFT. There is no world, no car and no friends to connect with. In truth most SL stuff is probably some sort of sex bed with a bunch of animations for two ;)
  - AnIdiotOnTheNet 5y ago
    I think that parent's point is that an NFT can represent ownership of a virtual car in SL or a similar game. Of course, as they also point out, it doesn't really bring any value over the existing mechanism for owning SL items.

davidweatherall 5y ago

There are other blockchains which are much more NFT friendly which you can mint an NFT for next to nothing. Avalanche or Solana for exanple, have a fraction of the gas fees but the same capabilities as Ethereum

emptybottle 5y ago
Tezos (along with hic et nunc) are popular for clean NFTs as well.
PretzelPirate 5y ago
They support smart contracts, but trade off censorship resistance and decentralization in order to achieve those low fees. NFTs are useless without those features and there are other, more secure alternatives to using “cheaper chains”.