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Gamers Vs Crypto Bros and NFTs

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Gaming and Crypto are on a collision course, with NFTs leading the charge. While the intrinsic audience of video games fights back… the crypto enthusiasts dig in with completely rediculous claims, unreasonable expectations, and a total disregard for the reality of what NFTs are, and will do to video games.



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Today I wanted to discuss why the biggest claims in favor are impossible, and more broadly, why the NFT space is a “Greater Fool Scam” in progress.

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Upper Echelon Gamers
Upper Echelon Gamers
14 days ago

If you support the content please consider Patreon or Locals as an Adsense alternative for the channel:

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Long John
Long John
14 days ago

I nailed down Ubisoft on what I would actually own if I got one of their Break Point NFTs ….. Would I own the actual asset? No …. Would I own the actual texture? No … Would I own the actual mesh? No

All I would own is a serial number …. PERIOD … A serial number that they can't even copyright because it's nothing but a string of random numbers anyone can type on their keyboard

Opop Opop
Opop Opop
14 days ago

Ok, step one is you MISUNDERSTAND why they are putting this onto the public IMO. You surely have ALL the errors 100% correct though, even far more than I could of detailed them.

It kind of reminds me of TWO other things in crypto. One would be the SMS verification, and the other two factor authentication…just like you were stating at the beginning, there are REAL WORLD benefits that can be had with these concepts (all of them)…yet in practice the theory of coarse is next to impossible to implement the way that they currently have proposed. There IS a reason for this, it is because they could care less about the benefits to be extended to the consumer and have their own aims for why they want to implement the tech…

For SMS verification they basically just wanted peoples cell phone numbers…and for two factor it's MORE of the same type of data mining, and with NFTs you are getting 100% exactly the same thing, more mining ON YOU the stat! Of coarse CONSUMERS are becoming slightly more savvy so hopefully WE will get more of what WE WANT while these companies push these silly ideas at us and tell us fibs while doing so!

KalecAmagosh
KalecAmagosh
14 days ago

Computer illiteracy is … Mind blowing. I sorta get it. It's a very comex topic, and if you're not into software you don't get it. But plz ask yo'selves: if transfering a helmet in all games is so easy, why does it take 3-5 years to make most games?

Cpt Markski
Cpt Markski
14 days ago

This whole thing is crazy, from the start it seemed like emperors new clothes. Then it started to get traction and now it feels like I'm taking crazy pills. How have this many people lost their reasoning and logic over something that OBVIOUSLY has no value???? Completely mental.

Ram Zorkot
Ram Zorkot
14 days ago

I understand you're upset, but this is total nonsense. You take bullshit and analyze it in the same bullshit way.

It's clear that the items won't go from Minecraft to Call of Duty, there will be different domains of the game. Sharing will be the assets themselves, not redoing everything, will come to some sort of standardization within the domain. Why? Because it's economically profitable, both in terms of content and in terms of resale interest.

Marcedus
Marcedus
14 days ago

In an industry where it is common practice to remove features between iterations in a franchise.
Do anybody actually believe that the likes of EA, Ubisoft etc. would spend even a second of development to add an item for a single player that they cannot monetize?

Burritozi11a
Burritozi11a
14 days ago

If this was a good idea, Team Fortress 2 would have implemented it a decade ago

Haru Miaru
Haru Miaru
14 days ago

What if NFT in games were not unique and were always mintable, but only created for 'cash shop' items. You could always have a mount available for $10 on the store, and when you buy it you get a NFT (receipt). Being that it is always available for $10 thats the maximum price, it also allows you to transfer it to someone else for $8 when your done, and the Dev can take a $1 cut in royalty.. Sure 95% of use cases are bad but that doesnt apply if they arent limited/unique.. nobody wants to discuss the applications where NFT in games can be a positive thing for the game/community, most likely because of all the scams and terrible uses that are currently being done. And yes I agree play to earn should not be created into NFT, just the optional sale items.

Omni Guy
Omni Guy
14 days ago

I think it's pathetic how you think you get to decide who "real" video game players are.

inovade
inovade
14 days ago

just make a great games.
why games company forget about that???
no need for bombastic 1000km square of open world (but empty). photo (not) realistic graphic or even convoluted gameplay…

and i dont really believe on any block-chain, it's too good to be true.
all it does is making hype and creating "value" because said hype, it doesnt have real monetary backup (ie gold or goverment)
it's all digital and i've lost so many data on digital good so many times.

Noise Gavot
Noise Gavot
14 days ago

hahaha this is so idiotic. It's almost sad you have to make a video on it. Love your work man, keep it up!

euxene fiveleon
euxene fiveleon
14 days ago

Axie infinity has entered the chat. DefiKingdom has entered the chat

knexfan100
knexfan100
14 days ago

This idea of transferable item skins was tried by OPSkins back when Valve killed their entire business by banning their bots due to OPSkins close ties to the gambling scene (Valve didn't touch any other skins selling site at the time…. they singled out OPSkins because of just how shady their dealings were lol).

Anyways, the idea turned out to be a poorly-made replacement for CSGO cases and attemped to create their own skins market by creating "unique skins" that could be playable in some PUBG or CSGO clone games that weren't even out to actually play yet…. rendering the entire appeal of CSGO skins (being able to actually use them) completely moot, which had the knock-on effect of killing any and all demand because you couldn't even use the skins and this just became an infinite feedback loop of sponsored content (one of these promotions created by PhantomL0rd… scammers moving onto other scams, who would've thought) that flooded the already dead market with more skins, causing the prices to further plummet.

Transferable item skins is a completely unrealistic concept….. people that think this can work have never played more than 4 video games in their lives…. and those games were probably all PUBG clones or something

PDB
PDB
14 days ago

man they really want every game to have the QA of Gmod or MUGEN huh

James Verner
James Verner
14 days ago

I don't WANT NFT's

Jimmy Holm
Jimmy Holm
14 days ago

Please don't link me to NFTs. I've been in crypto for 4 years, mostly as a hobby and there are plenty of scam projects within crypto for the inexperienced or…well… dumb.
But NFTs really take the cake of bullshit.

P.S. Doesn't mean I won't sell people dogshit if they pay me thousands of dollars for it though.

Jorge Miguel Tavares
Jorge Miguel Tavares
14 days ago

Mike Shinoda is a NFTbro?
Disappointing.

Monoveng Biteghe Claude Armel
Monoveng Biteghe Claude Armel
14 days ago

I had to stop 2mn in because what was said was very very weird. I am currently learning about the crypto space and for sure there are shady things out there as well as genuine attempts to bring innovation into transactional technologies. I can see value in the NFT and video games. But the story of assets being used in multiple games and so on are so stupid it's appealing. And I refuse to think that that's the stated goal of their implementation. The way I personally think it should work. First of all, in game asset are already quite expensive. some people already spend hundreds of dollars for lootboxes in hope to get Very Rare in-game items cosmetics, characters and so on. In-game asset have a certain value because of that, but can't be traded between gamers. The NfTs in gaming would open the possibility for player of a particular gamer and also non players to trade in-game items on a marketplace preferably outside of the game, at a price that would reflect the rarity or the desirability of the item. Yes it can be bad. Pay to win already exist, whales and cheaters also exists as well as true hardcore gamer exist too. Why not traders? I don't believe gaming companies are ever going to do this, they want you to own nothing, not even your in-game account. But NFTs are not a stupid idea in my opinion

Ifrit 19
Ifrit 19
14 days ago

One thing I'll add in on here that was briefly mentioned but not really detailed in regards to companies making NFTs that can be used in 'all' games that more or less kills the idea is if the NFT is an image of a IP owned by a non video game company, let's say an anime company like Jump and it's a Naruto costume, not only does that game company need to make a deal with the original IP owner to get the rights to use Naruto's image but also every other game company that makes said NFT would need to get the rights as well and while dealing with one or multiple other game companies is hard throw in non game companies as well and you're asking for the impossible…especially if it's say a company like Disney who's well known for being hell to make contracts with to use their IPs (so Avengers NFT costumes for one game would be a hellhole to negotiate with how many companies and then Disney being involved in the affair)…biggest question also comes down to who gets the cash/how is is split: Disney will definitely need to get a share, the company to make the NFT too I guess, and then there's the other game companies…will each of those other companies be getting the same amount back or not?

Then of course there's also the simple fact that for the majority of gamers NFTs provide absolutely nothing of any real value unless we're also gonna be selling them which, more than likley, most players won't. Then there's the whole game's servers shutting down, smart players (over 70% of most die hard gamers, not casual gamers) who won't buy into this shit, then better existing options to be had as well that won't be resource extensive, they can likely make as much cash if not more by not artificially limiting the sales of digital content which can be easily replicated to sell to many consumers at once for cheaper prices (which will attract far more gamers/customers) than sell only a handful of said item at higher prices (which will just turn gamers/customers away), and then finally there's the inevitable time when hackers will find out the NFT/Blockchain code and then steal and copy said NFTs and then sell them at far cheaper (likely still higher than their actual value though) prices of said NFTs en masse as they can easily more or less copy and paste said NFT (and this will happen btw, hackers…well more so Crackers (actual term for hackers who hack things for malign purposes) have done so every single time something new comes out: they break the code, get it, replicate it, and then sell it en mass or hold the company hostage for cash and it will be the same for NFTs in the end…maybe it'll take a year or two but it will happen sooner or later. At which case NFTs lose any of their so called 'value' that Crypto fanatics seem to be praising).

And then there's still one final issue: Crypto/NFTs by nature is a highly unsafe form of investing as well due to the simple fact one wrong move and ALL the data could be deleted. It could either be from human error, hacking, or even a natural/human made disaster that causes a strong enough electronic pulse to fry all/most electronical equipment on the planet (strong enough solar flare for nature or setting off a nuke at a specific height in the atmosphere…granted both of these would more or less destroy all things digital/electronic base not just crypto/NFT so our computers, game systems, phones, electronic cars, etc would become useless overnight…hell even our bank accounts will be gone if the banks don't have physical paper backups of their data made every so often or you don't invest it into something physical or keep cash on yourself in a safe or something (granted if something like that happened money would likely be useless and trade of physical goods or services would return as the main form of trade until digital systems could be recovered)).

1un4cy
1un4cy
14 days ago

I've been reminded of Mii's. Mii, personal customizable avatar people on the Wii/WiiU that could exist across many different games since it was baked into the console itself.

tyraelpl
tyraelpl
14 days ago

Its amazing to me that to some "people" it's not obvious that the cost of porting such items grows exponentially 🤣. Ppl are so dumdum haha

Davey Jones
Davey Jones
14 days ago

if you think they don't know what they are doing with all the nft/crypto, you're not paying attention at all. this is all leading to the centralized bank digital currency where everyone can be 100% controlled using their assets which can simply be removed completely if you say something the government doesn't like. they don't give two shits about making your games more fun or your money easier to keep, all this new tech is literally to rob you of your humanity, your freedom and in the end, your soul. cash will literally be blowing in the streets like tumbleweeds in the near future and it will be these fools who walked right in to the trap who brought it on everyone else. so selfish they just wanna get rich without thinking of the consequences long term.

LaperCog ID
LaperCog ID
14 days ago

i used to think that the CSGO skin trading are stupid, until NFT came out, man its dumb beyond belief

pillsbury17
pillsbury17
14 days ago

I'm going to preface that I agree with everything you are saying I think nft fanatics are dreaming if they think it will be anything but abused by anti-player schemes. I think there might be one good thing with nft technology being introduced into video games which could potentially be copyright disputes between companies on usage of a I.p. If the owner of an I.p. is unsure of signing a contract worried of undervalued assets it could give them a way to get direct cuts of each sale through a block chain. Doesn't help players at all but might make more content happen due to easier agreements being met. I'm not saying it is superior to already set copyright contract structures its clearly a double edged sword for the I.p owner but it might be another option. That seems one of the main potential up sides for nft developement in games I can't see much else

Juan VP
Juan VP
14 days ago

I hate that the environmental impact of minting NFSs is always omitted in almost every single video out there.

A U
A U
14 days ago

You know what? Fuck it. Let the big wigs put NFTs into every nook and cranny of the games they publish. You said it yourself, UEG. It's financially unsustainable. I want to watch it all crash down, and hopefully drag all the morons blinded by greed down too.