Another day, another dude telling players they don’t understand NFTs in games

“Transmedia and the power of connected worlds has always been something I’ve been extremely passionate about. There is a bit of a misunderstanding in my opinion on what blockchain gaming could mean for gamers. I see the blockchain as a railway and the main station is videogames.”

Michael Mumbauer, Liithos CEO

I wish all these dudes trying desperately to get players to buy into NFTs in video games would realize once and for all it’s not that we don’t understand the benefit, it’s that there is no benefit to us. We do not care about using blockchains to resell in-game items when we’re done with them.

No studio has delivered a single unique and compelling reason for players to want NFTs in their games, including Mumbauer’s new studio Liithos. Instead of delivering a clear, logical rationale as to why the studio’s upcoming game Ashfall requires “web3″ technology, Mumbauer drops a convoluted analogy about train stations and says, essentially, that they’ll explain it later.

Maybe he’s the one who doesn’t understand it?

NFTs sale volume falls 92 percent since January’s high

Compared to the NFT mania in January of this year, where the speculative assets amassed a total of $12.6 billion USD (roughly $16.2 billion CAD) in sale volume, the month of June saw a 92 percent decrease in volume, coming in at just $1 billion USD (roughly $1.28 billion CAD) sale volume.

Hell yeah again. 🔥

Never let people tell you that you simply don’t get web3. It’s self-referential and non-existent which is why web3 advocates talk in abstract circles like this and struggle to define, explain, or distinguish it. There’s little reason to keep giving them the benefit of the doubt.

Edward Ongweso Jr

Never let people tell you that you simply don’t get web3. It’s self-referential and non-existent which is why web3 advocates talk in abstract circles like this and struggle to define, explain, or distinguish it. There’s little reason to keep giving them the benefit of the doubt.

Edward Ongweso Jr

Bill Jemas Statement About Leaving AWA, Starting Be Good Studios

[Be Good Studios will] start with award-winning independent film makers and animators who co-create original stories with wonderfully talented webtoon and comic book artists. Then, we build audience with promotional partners and raise funding for feature films and TV series with strategic Web 3 investors.

Bill Jemas

“Strategic Web 3 investors”?

Yeah, that’s gonna be a nope from me, Bill.