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The Delicious Failure Of NFTs In Gaming (The Jimquisition)
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- เผยแพร่เมื่อ 10 เม.ย. 2022
- www.thejimporium.com
/ jimquisition
/ jimsterling
NFTs were everywhere at the start of the year, but did you notice how quickly they've disappeared? I'm happy about that!
#NFTs #Cryptocurrency #Ubisoft #Quartz #Money #Capitalism #Games #Gaming #Videogame
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Twitter: / jimsterling
Facebook: / jimsterling0
Bandcamp of the Sax Dragon - carlcatron.bandcamp.com
Nathan Hanover - / @nhsynthonicorchestra
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You know NFT's are truly useless because not even gamers fell for them
Some did unfortunately. I know a guy who just spent a couple of thousand (£) on a new pc, that he ‘earned’ entirely through NFT’s.
@@MasterfulPeon"earned", as in "sold to greater fools"... ☹
@@MasterfulPeon I mean I respect the grift
@@MasterfulPeon I think NFTs are the dumbest thing, but good on anyone who actually made money. That's the way to do it, get in and out quickly with some money. The problem is everyone thinks they're the ones who will make some money, when really most lose.
And gamers fell for *gacha* games
I once read an article “explaining” NFT’s and it was basically “what right-clickers don’t understand about NFT’s is that their value is based on shared community, it’s valuable because we mutually believe it is” and i’m like no we DO understand that part, and we still think it’s stupid
ie we DON'T mutually believe it is.
"Our business model relies on mass delusion"
I have noticed that business that try to push "community" and "family" as a core part of their business is trying to scam you
Companies trying to sell you the "we are a family here" to push for unpaid overtime and abusive practices
MLMs are scams that prey on lonely people in search of a place to belong
And now NFTs
If a business tries to tell you that "community" is a core part of their business model, run like hell
I think any market whose success must rely on that "you _have to understand_ this" discourse is, by the inherent design of our late capitalist society, doomed to fail. A product has to look immediately enticing. If it looks perplexing or pointless, it's got a tough road ahead of it.
And NFTs do not only _look_ perplexing and pointless, they ARE.
@@FernieCanto I think the only way you can get away with something most people struggle to understand is it has to have some kind of application. The internet itself might have seemed weird and pointless at first but people were at least using it for stuff..NFT's? just very expensive play money. At least Crypto found its use in money laundering whoops
Keanu Reeves has crazy respect from me already but that NFT interview made me laugh my ass off. Such a total low key ice burn it was amazing.
Its so delicious when those "Grindset Entrepeneur" - Dudes, who worship Keanu as a "SiGmA MaLe", come up to him about this type of trash and he is like "What are you talking about ? This is stupid." Its hilarious how they totally misunderstand him in every way and probably "The Matrix" aswell. Lol.
@@m00nrac00n I love the remind the red pill crew that the matrix was written and directed by two trans sisters
I hate to be the bearer of bad news but yeah Keanu is doing NFTs now. Which is mind boggling how rare the Keanu L is
@@m00nrac00n I like to make people annoyed by reminding them that the red pill is based off a brand of oestrogen pill.
Don't think I've ever been more grateful for a TH-cam vid as I am for "Line Goes Up", definitely noticed the momentum shifted a bit after it came out. Now I just hope NFT's don't quietly infest the industry in the shadows like macrotransactions have come to.
It’s still so funny how the shonen jump twitter account teased something durning the peaking of the nfts announcements and the anime community immediately rose up and took up pitchforks expecting an NFT announcement from them only did the twitter account itself to an hour later say “it’s not an NFT” and everyone fucking cheered. It was an unintentional ironic marketing boost just to say you’re not pushing NFTs
Or an intentional one from a marketing department less stupid than Ubisoft's.
Remember when Capcom said they refuse to utilize lootbox mechanics in Monster Hunter World?
@@FelisImpurrator they are not that stupid, nor are they that smart
It's exactly what Lootboxes and MTX used to be as well. People are cheering for what used to be the norm before the industry either fully beats people over the head with it and it's just normalized or is thankfully actually gone from games because AFAIK, Fifa is still the only franchise that still uses Lootboxes. Though maybe the other Sports games do too. I don't know as I don't play them.
What did it end up being?
"The only market NFT's have disrupted is the market of fraud" is a phrase that, while true when put in a video, gets truer every passing moment
A version i have heard is "The one market that cryptocurrency has successfully disrupted is the market of fraud".
I mean, gotta respect the grift
A step that needs to be taken now is for governments to go after cryptominers and show no mercy. The crypto crack down was one of the few times the CCP got something right.
@@littlekuribohimposte Dude you commented it lie five times already. No you don't. It's not grift, it's stupidity.
@@danieljackdavis7485 I think the UK was talking about regulating it
the fact that Jimmy Steph drew an NFT of the ZOMBIE SPIDER ASSET shows how deep the lore is on this channel
Has anyone checked if the Romaine brothers are into crypto? Just had a horrible thought....
@@FuckYourSelf99 OH GOD. i hope they created their own coin from pirated assets and no one bought them. And I sincerely hope they blame Jimmy-Steph for it.
Just wanted to say that I really appreciate all the work you and your editor-slave do. I know you receive a lot of "stop talking about this", "you used to be funny", "why don't you talk about things you like instead" type of comments, and I just wanted to reaffirm that _I_ find it incredibly important that you talk about these kinds of topics.
You do a lot of funny and thought-provoking work. The art intro for this episode was nothing less than inspired.
Jim's dream of sitting on a bench eating strawberry licorice forever is getting closer and closer to fullfillment
legit though it's so cool to see them be able to wrestle and do shit that makes them happy. there was an energy that arose in their content after they started wrestling that warms my cold, palpitating heart
@Miles Prower What's the state of Haribo-brand strawberry liquorice. Is it any good?
Seriously my life-end dream. Done with whatever job, I'll sit in a park and eat some candy. Sure, I'll probably have diabetes by my old age, but meh, I like candy.
@@Crazyneil1986 Haribo is shit all of it. Anything made by Haribo is shit
Thank you, Capitalism!
Gaming industry failing to justify NFTs is a celebration for the true gamers. Commander Sterling lead us to victory in these dark times.
Don't worry. They will go silent, change name and bring it back again :).
Hear, Hear! :)
@@mozan33r71 Indeed, they will find a way to ease us into it
I remember when Horse Armor in Oblivion was a big deal, but look at us now. If they just keep at it with NFTs, they too will eventually become "How it always was."
Now we need the rest of the world to realize that because I’m feeling cramped listening to the same 10-15 musicians every fucking day.
"I may not know art, but I know NFTs suck shit." is the best thing ever spoken in the past 20 years.
NFTs, conceptually, are a lot like microtransactions. But the reason people were willing to embrace microtransactions was because they involve very little buy-in: if your hardware can run the game, it can also easily accommodate the microtransactions, and most microtransactions cost people little more than pocket change.
Meanwhile, getting into NFTs requires a *massive* buy in, requiring an extra expenditure in the hundreds or thousands of dollars just to buy a single token. And that's assuming you have the hardware to run the blockchain on your system; if you don't, you may have to purchase a brand new rig just to accommodate it.
That buy-in alone - the sheer amount of cash you need to fork over just to get a single NFT and trade it on a crypto exchange - excludes something like 90% of the gaming market from even touching it. Add in the technical complexity of interacting with the blockchain, plus the inability of companies to explain the benefit of NFTs aside from the ability to resell them, and you have a *profoundly* unappealing product, even to people who don't otherwise care about the exploitative and harmful nature of crypto.
Also at least with mucrotrabsactions you could kinda treat them like mini DLC for your game. Kinda like purchasing a new character figure for a monopoly game. (That gets muddy when we talk about vortual currency and I'm of the view that vortual currency in video games should be banned). With a skin you buy, you can use it to look cool in the game you play. But an NFT... What can do with an NFT? Does it make someone happy to buy an NFT versus giving their overwatch character a light saber or something? Mucrotrabsactions at least offer a value proposition- fun in exchange for money. Entertainment. NFTs offer nothing
As someone who recently unsubscribed from a well-known 3D artist's newsletter because he started hawking NFT bullshit, this is the content I crave
When it comes to a specific well-known 3D artist's perspective on the scamminess of NFTs, I guess you could say... Ignorance is BLISS?
I unsub from a channel because the sponsor was NFT related. In a video-essay about (I shit you not) Mad Max: Fury Road.
Ah, you're on Perv Twitter too, I see.
i unsubbed from skycorp home video because they started doing nfts almost a year ago
Same, I unsubbed an instabear artist for hawking an some nft digital event. Shame cause I do like his work
I love that the search trend for NFTs peaked (and then plummeted) the exact same time that Folding Idea's "Line Goes Up - The Problem With NFTs" video came out.
Guess that idea...
...folded.
I kind of just gotten in the habit of spam posting a link to that video every time someone brings up the topic of NFTs positively. That and the Wikipedia entry for George C Parker.
You know, the "I'll sell you the Brooklyn Bridge" asshole that ended up in prison for his scam.
It's such a great video, Dan is an amazing speaker.
I love that video. Sat down and watched it all in one sitting. It not only dismantles NFTs but crypto in general. I'm supposed to take crypto seriously? It's not a scam or whatever buzzword the coinbros are calling fiat currency? I always remind them of how Ethereum forked itself just to avoid honoring a single transaction, and that crypto isn't freedom, it's just different dickheads putting a boot on your neck. At least I can spend fiat currency.
Oh and don't forget the especially sad coinbros who list off energy efficient coins, as if they make a difference when everything is still Bitcoin and Ethereum. 🙄
@@EvilSandwich If you enjoy those kinds of stories, look up viktor lustig and emperor norton. Both fantastic liars in their own way.
The audience reaction to the dude sayinf “Im gonna beat you down, take a picture and turn it into an NFT” had me spit out my Chicken Sandwich.
Just gold
Big thanks to James Stephanie Sterling for single-handedly killing NFTs in a beautiful crest of a pile driver
Line Goes Up is such a good resource when it comes to NFTs I recommend anyone with the time to burn to see just how insanely useless and insidious they are.
It probably wasn't the only factor but it feels like that video was a real turning point in this whole situation
@@capsandnumbers A video explaining what they are is all it takes to make the house of cards crumble. Why do you think no NFT proponents have made simple, factual videos explaining how NFTs work, how the NFT economy functions and why they're valuable? Because when they're demystified they're an obvious scam.
It's an excellent video, highly educational.
I can also recommend 'Web3.0: A Libertarian Dystopia' by Münecat.
@@MPostma72 Both masterpieces!
"NFTs are secure, bruh! They've got BLOCKCHAIN!" They were never secure, never _meant_ to be, because they were built by hucksters looking for short-term gains. The fact that these robbers are being robbed by other criminals is just sad icing on a shit cake.
i thing you mean delicious icing
They are not even non-fungible. You can easily make copies of existing NFTs, and it is neither illegal nor prohibited by any mechanisms.
Anyone looking to blockchain for security just proves that either they have a profound and fundamental misunderstanding of what digital and financial security actually is, or is openly lying.
Oh, the blockchain itself is secure. It will behave exactly as described and can be trusted to do exactly that.
Crypto bros forget that they are also trusting the people interfacing with it, the buggy code in smart contracts and all the other systems interfacing with the blockchain.
@@Carewolf I was about to say it'd be copyright infringement, but then I remembered you can't copyright the use of a fucking hyperlink
I still think there's reason for concern, as Jim Stephanie indicate, but the failure of NFTs is one of the most encouraging things to happen in the gaming industry in a long time.
Who says JimSteph needs to be "more positive?" THIS started me off with a smile today. Positivity!
The NFT discussion isn’t over. Some NFT dickheads recently bought a small and cute autobattler named Story Book Brawl to transform it into a Play to earn experiment… TH-cam is also trying to normalize NFT… They aren’t quitting NFT, they are waiting for us to cool off. I sincerely hope that never happens.
Exactly, thats all it is. A retreat not a surrender.
Aww, that's sad. I quite liked Storybook Brawl, it was essentially Hearthstone Battlegrounds without the toxic reputation of Activision Blizzard. Looks like it's acquiring a toxic reputation of its own after the buy out.
It's important to know they understand NFTs are a legal ponzi scheme. They're just trying to get in quick, and get out rich before it collapses.
The money they steal is real even if NFTs are not.
Thankfully SBB looks like their exit strategy. While they did do a free NFT to celebrate of one of the worst possible cards, they seem to be using it as their ‘legitimate business’ to put all their spare capital into. Honestly, if I’d made enough money on the cryptos id buy some good games that have been badly monetised and then turn them around too. Time will tell whether it’s a front, or genuinely them using the money they got to become legit.
@@snackplaylove play to earn is still a grift though - the only money it generates is from the new suckers buying in, like any ponzi scheme. And people's share of that is increasingly being "earned" by poor people in developing countries acting as digital serfs, who can't afford to buy in themselves - so they play on a cryptobro's account and keep a small % for themselves while their lord berates them for not working harder
"Turning around a badly monetised game" really means "take an existing thing and exploit the hell out of it to wring money out of marks" in the current climate. Vulture capitalism, basically
Our corporate overlords must in shock that we are not near as stupid as they thought we were. I too am proud of all those with functioning brain cells. Well done
To be fair, gamers(tm) are nearly as stupid as the people pushing all the shit think they are, since they have fallen for every shit in the last years.
Still, I'm also thankfull that this is not one of these shits.
we win!
Meanwhile off to grind eventually hundreds more hours on imaginary and fundamentally useless points, textures (skins) and rankings
@@chinesesparrows Just don't do it bro. Play all the good games you have on your shelf that don't have any of that crap, that's what the rest of us have been doing since 'microtransactions' began. The less of us play always online mmo's and shooters, the less they will make of them.
I played Neverwinter for 2 years and Destiny for another year and I couldn't play them again if I wanted to, I was sick of it and there is just zero appeal there. Instead I play all the great games I love and none of them have any of that crap in them. No online connection required is the mark of a good game imo, like gaming was meant to be. If you are lucky, there are likely some great old titles that you have never played, get them for a few bucks instead of the crap they want to charge you 70 bucks for.
I feel like this is a case that they're shocked we're smarter then them.
Probably one of the most cathartic Jimquisition episodes I've watched in a long time. Great to see this con isn't fully working as intended.
4:29 I like to think the slow reveal of J. Jonah Jameson's smiling portrait when Steph said "interest in NFTs has crashed and burned with *hilarious* rapidity" was intentional.
Yes!! The correct response to anyone trying to sell you NFTs is to scoff, “How gullible do you think I am?”
I don’t even care if that hurts the feelings of people who already fell for it. The second best time for them to find out it’s a bad idea is before they sink any further funds into it. This is one of those situations where being anything less than direct about what a danger it is would be dereliction of duty.
The community doesn't want live services; it wants NFTs less. These executives are so greed-blinded that they are completely divorced from reality.
Live services, microtransactions, day one patches, discs that are just drink coasters with download codes, all of it is to push us towards owning nothing and being happy with Game Pass/NSO/PS Farticus.
You're wrong, unfortunately.
The likes of EA make a killing off poorly produced FIFA games + "loot boxes" (Ultimate Team cards) - because people keep buying them. Year after year.
If we keep buying - they'll keep scamming.
Yup. Politicians are suffering from the same syndrome, high as they are on the farts of their co-conspirators, never hearing any other voices or lines of thought outside the bubbles of their own making.
they're not. they just experiment, looking what works.
@@autobotstarscream765 people say Gacha Anime games are better than Live services what do you think? Like Azure Lane or Arknights.
Just imagine the world we could live in if we had managed to rally against loot boxes like we did against NFTs.
And microtransactions.
Or microtransactions in general! Oh how I wish I lived in that timeline!
@@mattwo7 I was about to say that too ;)
The problem is that lootboxes provide something that can be used for some purpose. NFTs are just speculation and bragging rights. And even the bragging rights part died when EVERYONE jumped on the wagon.
@@mattwo7 you mean MACROtransactions? Because there's nothing micro about them.
"OK Computer" is, without a doubt, a greater and more inspiring work of art than any NFT could hope to be.
I wish we could have totalbiscuit see this. We didn't stop lootboxes but we stopped NFTs, at least for a bit.
We're gonna see NFTs again. I feel like we've won a battle, but we haven't won the war yet.
Yeah, there is just too much money to be made.
We will see them again more cleverly disguised packaged in a way that *almost* sounds not too bad. But it will be exactly the same.
@@Michael-bn1oi Just like loot boxes and microtransactions.
The same happened with dlc. It started with the horse golden armor. We though nobody would be such an idiot. There was backlash to dlc, specially if they was content already in the CD that was cut out to be sold later. But with time and the Xbox avatars cosmetics, we ended accepting them.
@@luismiguelcarrasco5180 Paid DLC was more of a mixed-bag since inception.
GamersTM got up in arms about horse armour, but ignored early exploitative Facebook games like Farmville because "those are for casual gamers who are naturally less intelligent than us hard-core players, and there's no way us real gamers will fall for it." There was the odd Cow Clicker, but those were viewed by the gamer public as dunking on casuals more than how it was intended. When exploitative casual game Fallout Shelter came out, coverage was about "why do hard-core gamers like this one?" When it was simply a brand they knew, and it turned out gamers were not immune to psychological manipulation.
I agree piss piss piss piss piss piss piss piss ext
That art in hte beginning is legit better than any NFT I've ever seen.
The average morning shit is better than any NFT.
@@8523wsxc can confirm, just took one myself.
It's the first art related to NFTs that I'd actually buy.
Not as an NFT though. I'd buy a poster to hang on my wall. Please Steph, sell wanking monkey posters on the Jimporium!
@@8523wsxc Wtf you talking about? Taking a morning shit is invigorating, it is freeing, it is relaxing. Specially because that means you can have a good sleep and wake up with enough free time to do that, instead of having to rush to work and only maybe shit on company time if you're lucky.
Morning shits are great. NFTs, on the other hand, are just actual shit.
@@louisvictor3473 Your boss makes a Dollar while you make a dime, so you should always shit on company time.
Damn, when even gamers, who bought into Day 1 DLC, micro-transactions, loot boxes, and Cyberpunk 2077, won't buy into something, you know it's an absolute failure. Thank God for James Stephanie Sterling.
Never stop telling companies no.
Otherwise they'll try it again once a ceasefire starts.
Keep up the pressure to end these things to the point where governments have to regulate beyond neo-liberal levels.
I absolutely love how Ubisoft tried to sell NFTs as some awesome future of MTX ownership, only to kill the only game they work with a month later, effectively proving - *with their own actions* - why NFTs in games are a stupid idea and functionally no different to existing MTXs.
They still might "work".
Assuming Ubisoft sticks with the whole thing and you can use the whatever Breakpoint NFT you got in other titles... otherwise yeah, it's just dead code on the blockchain.
Just want to say I'm so proud of gamers who didn't buy NFTs. My expectations for humanity was so low but you showed me there is still a brain in there. Season pass, pre-order, gambling for children, buying the same game but worst for 60 dollars, 10 dollars for blue, but NFTs the line was finally drawn. Thank god for that.
Gamers (TM): "Capitalism has gone too far! How DARE YOU also exploit the vulnerability of stupid rich people!? They give us all our opinions!"
@@juststatedtheobvious9633 Your comment reminded me of some image I saw long ago about how Gamers™ somehow were lost to the right despite capitalism and corporate greed being the source of many of the issues they bitch about (microtransactions, battle passes, loot boxes, etc.)
@@juststatedtheobvious9633 I think they're more worried about the hyperinflation stupid rich people would cause on their hobby. Kind of like how microtransactions already did before.
@@fiammaorsmth9840 they care more about microstransaction than abuse and bigotry 🤮🤮 I'm not saying the payment system is not bad but most Gamers TM are pretty much bigots and abusers themselves ( remember? They send flashing gif to people with seizure because cyberpunk )
@@seliamila1005 Precisely. See the amount of people complaining about Abby from The Last Of Us Part II being a muscular woman? Or even the Trans flag in A Hat In Time?
God, I guess all those posts back in the 80s and 90s about gamers growing up to be vicious beings full of hatred and violence were right.
Glad to see this scam fall apart, but make no mistake, the scammers will keep trying in the future. They may change the products, the targets, the tactics, but they won't give up.
In any case thank God for Steph and those contributing to make the lives of the scammers a bit more difficult.
Again, Spamton had the right idea. Selling NFTs doesn't make you a [BIG SHOT]: it makes you a [big shit].
The ongoing failure of NFTs is a faint glimmer of hope in these dark times. With any luck, if we maintain this pressure, NFTs will be little more than a fad, less of a thing than even Beanie Babies were.
Hey, at least Beanie Babies were a tangible thing you could hold or put on your shelf.
Considering the fact that Hyperloop is still somehow a thing I don't think NFT's are going anywhere any time soon.
What's happening instead is exactly like what happened with Hyperloop where everyone with a brain has figured out its all a giant scam but there will still be enough chumps around to keep it going for a long time.
how dare you; beanie babies are adorable and soft and thus serve a purpose; you could hypothetically buy a whole bunch and remain blissfully ignorant of the conartists trying to call them an “investment.”
Can’t say any of that about NFTs.
I work in the Events industry and you wouldn't believe the number of wine moms spewing the most incredible bollocks about 'The Metaverse' and 'NFT's' being used in their campaigns, like it's the holy grail.
I appreciate Jim's journalism as always, but I'm also gonna take a moment here to point out how cute their outfit and makeup is in the beginning 'in-the-park' portion of this video.
Remember when we thought it couldn't get worse than microtransactions? Ah memories.
It was foretold.
4:28 Can we stop with the clown hate though? It's a perfectly respectable job. They're true artists. Trying to make other laugh is quite noble, even.
Those dinguses that keep unintentionally embarrassing themselves and lack any kind of self awareness don't even deserves to lick the oversized boots of the great clowns.
Nah, clowns are creepy.
Clowns are scary and need to go away
@@wanderingrandomer True, respectable clowns know when to keep the makeup home. The greatest comedy cartoons ever were birthed by clowning.
I will never forget what NFTs did to the planet.
And to poor doge... they call him "dogecoin dog" now... the monsters.
But thank God for you and for your journalism.
Isn't doge a female shiba inu?
@@DiamondAppendixVODs yes, kabosu the shiba
Much sad :(
@@DiamondAppendixVODs oh that is true. I guess it's because I see so many big bro lil bro memes with her
@@WinterReflections very cry
Nothing like a big helping of delicious Crypto Market failure to start the day ❤
Indeed!
Every couple of months I'm cheerful and stable and just in the mood for a binge watch of all the videos I've skipped. Today seems like another one of those days! Love your content Steph!
I'm so glad we collectively talked SO much shit about NFTs that, instead of doubling down, companies and the media slurping up the "news" quietly backed down on marketing them.
And absolutely no VALUE was lost to this despicable practices...
And I’m happy that most GAMERS have absolutely REJECTED this stupidity!!
SO PROUD OF YA ALL!!! 👍
For once... after all, enough gamers swallowed paid dlc hook, line, and sinker. Actually, they did worse, they just jumped out of the pond into the damn basket/bucket.
@@Selcryn Paid DLC was easy to swallow because it started as expansion packs, which are fine, but companies looked at that extra content and went, "What if we give less but charge the same/more..?" And that's how we got MTXs.
I've seen gamers swallow racism, harassment and harmful work conditions without batting an eye, which says something amazing about just how shitty NFTs are.
@@jingbot1071 Sadly, I don't think it says as much as you much as you might think, since a lot of that other stuff is easier to put out of sight out of mind for those that aren't directly experiencing it.
Gamers spend hundreds, thousands of hours on imaginary points and rankings but refuse nfts as being meaningless waste? The irony. Actually i think its because they arent rich likely because they are busy playing games. Gaming itself favors people who value time less than money so its natural the "whales" wasting money are rarer.
Aw, the little shiver I get when I read an article about NFT failure. I don't say this often, but I'm proud of gamers. You can boil us like frogs, but these companies are starting to not have the patience for that, and it's hitting them where it hurts.
The problem was ultimately that NFTs have no value beyond social points. When somethings value is based on uniqueness and rarity and then supply is infinite then it will not be valued. It's obvious.
@@scoobydoobers23
The problem was they don't really have social points, either.
Not unless you count bathing yourself in whale fat and begging the sharks to nibble.
I mean, financial domination/humiliation fetish/cuckoldry is a thing, and there's no way someone wasn't getting off to this.
But the price was too high for the average pervert. And nobody seemed to respect safe words, or provide any aftercare.
@@scoobydoobers23 the only thing nfts would be good for is recipts you cant lose.
So like concert tickets or whatever. But even then its a problem that doesnt need solving cause we have digital tickets and recipts already
Why are you boiling frogs?
@@Chabooki
French?
Okay so haven't fully watched it, but can we talk about how delightful this Jimquisition opening was, with the music and the cuts I feel like it has the same kind of energy as British Mockumentery, which seems like a great way to talk about NFTs the "jokes" that they are, I'm already hyped for this episode and it's only been like 25 seconds.
i never get tired of how much fun Steph has doing these intros, & i never get tired of seeing how hard the CryptoMarket collapsed onto itself
this is a great day for art, and video games,.... and humanity in general, but let's not forget the lessons of pay-per-content, loot boxes, etc they failed initially and everyone celebrated (and rightly too), but we stopped paying attention and they crept back
we must never forget that some tried to make NFTs in videogames a thing once and could try again
IMO, NFTs are dead in the water and have been largely because they're just too complicated for the average consumer regardless. Even attempting to dabble in it was an enormous hurdle, and it's going to remain an enormous hurdle no matter how much the proponents keep trying to simplify it.
But they are gonna simplify it. I predict that eventually someone is going to get around ALL the restrictions and drawbacks of NFTs by... removing the blockchain.
Yes, that would make them effectively the exact same as Steam trading cards. But so long as you obfuscate the fact that it's actually just a centralized server (which all the simplifications are leaning heavily into anyway) and that you reinvented something that already existed (which NFTs are already) I'm sure the cryptobros will eventually claim victory.
@@rickpgriffin I totally agree. Microtransactions and loot boxes might be exploitative and greedy, but they are a simple transaction where the consumer pays money and gets something even though that thing's value is debatable. With NFTs it appeared that a lot of companies didn't even fully understand what they were and couldn't make a coherent case for how they would improve the game playing experience. Sooner or later they'll try introducing NFTs (or something very similar) again but they won't be so ham-fisted and will have a much better sales pitch.
As long as the VCs who funnel money crypto keep doing so, it’s not going to go away. They’re going to do everything they can to impose their dark future on us whether we consent to it or not. So it’s our job to slam every single door they open back in their faces.
@@rickpgriffin I'd like to add to the prediction, or add my own: If the big publishers will eventually succeed in making NFT's a successful (as in making them rich and selling NFT's to gamers, like with lootboxes and other pay-to-even-remotely-enjoy-this-crap stuff), eventually they will start to introduce this novel idea that you're not actually even buying the NFT's, you're just licensing them - and if you're thinking "but that defeats the whole idea of an NFT" then, yes, that's exactly what it does. If they haven't thought of this already, they will if they manage to get enough suckers to buy them. It's what they do.
Buy indie games - triple-a has nothing to do with quality.
So I really want someone to look into how much money was "Stolen" from Axie Online and how much of it was good 'ol fashioned embezzlement? It's super easy to steal from your own company when everything is anonymous and you know all your own security weaknesses.
Well, everything is by nature public with blockchain, so it's definitely possible to investigate.
Problem is that their security was just utter c**p to begin with. The entire side "blockchain" the game relied on wasn't even public. It was run privately on a tiny network of 9 computers with i can only assume: The same login working on all of them. They have been told repeatedly their little chain was stupidly vulnerable, but they never listened. So this was inevitable and hard to prove as inside or outside job.
Still raises suspicions on the devs though. Publicly they did this in order to be able to "moderate" the chain and the bridge as needed.
But as shown it does also allow for a "Take the money and run". So even if this turned out a legit hack, it was quite possible they where/are planning to eventually just run off.
You can say it: utter crap. Utter shit, even.
This video is the catharsis I've needed. We've finally won one of these battles, and public opinion seems to be shifting against exploitative bullshit for a change.
Also, the jokes are on point c=
Paying to support the Jimquisition has already provided more to the world than the whole of all of the NFTs in the world. So there's that.
I really hope this is the beginning of the end of NFTs. Not just in gaming, but everywhere. I'm tired of seeing the sodding things crop up everywhere I go. The sooner they die out completely, the better.
I am overjoyed that the stupidity of humanity is not actually infinite after all. Heck yes, team, you clawed your way back up!
They'll be back, but called something else.
@@aguyhere7945 Well thanks for that injection of optimism, sir.
That statue in the beginning is far superior to Körperwelten since it is made out of plastic and didn't use any dead Chinese people without their consent.
Jesus Christ...
I'll put that on the list of "revulting things I didn't want to know about things I heard of before but didn't particularily care about, and now think less of".
I *love* that you're out and about when you do these videos now, it's wildly entertaining and makes me excited to see the next one.
So nice to see NFTs on the gaming industry die this hard. Couldn't have happened to a nicer bunch of grifters and chancers.
Speaking of grifters and chancers...
Apparently the UK Government is considering getting into NFTs for some reason.
"So nice to see NFTs on the gaming industry die this hard. Couldn't have happened to a nicer bunch of grifters and chancers."
Agreed NFTs in games are entirely based on greed after all trading items in a game does not require NFTs just look at Steam Marketplace or Diablo auction house (which yes was removed but not because it didn't work but because it wasn't very good for the game)
From a players perspective I don't see NFTs bringing any benefits at all
The UK economy is literally tanking. Honestly finding out mps are a bunch of crypto bros is probably the least surprising thing
I can attest that funding Steph in any way is infinitely more rewarding than purchasing NFTs, especially with these banging outdoor bits.
Important note: "banging outdoor bits" is not a euphemism.
honestly funding my diarrhea is a better idea than funding nfts.
@@Oddtish Which is surprising considering this is the Jimquisition.
It's nice to see NFTs losing more than I do in Dark Souls.
same.
Let's not forget the F1 racing game whose (ostensibly) millions of dollars worth of NFTs were rendered worthless overnight when they lost the F1 license and had to shut their game down earlier this month. The sooner we never have to think about NFTs again, the better.
It is great to see you so happy, and I loved seeing you with the other works of art, where you belong.
This is as close to good news as triple-AAAAAAA game devs come
NFT's, the emperors new clothes of the digital world.
This is glorious news. I hope the music industry takes note since they seem to think NFTs are the future 🤦🏽♂️
Jim Sterling: _"I hope I don't have to worry about NFTs in gaming for a while."_
Sega: _"I'm gonna finance this guy's whole career."_
@no Guy can be used in a unisex context. Especially when used in plural.
I bloody love it when a corporate scam falls on its arse. It doesn't happen often! I think 'React World' was the last good one 😀
ah i remember that. i was one of the hundreds of thousands of subs who left that channel....good times
Top notch Thumbnail by Justin there btw.
NFT Scam - "Nothing special happened" - because NFTs in the end amount to nothing
Good to see Jim Steph finally doing one pf those more positive episodes people keep asking them for!
I was not ready for Jim peaking out the bushes. That's gonna haunt me now.
Steph, help! Sega just said NFTs are the inevitable future of gaming and it made me super sad.
Ah yes, Sega predicting the future of gaming. Clearly masters of gaming insight.
How's the Dreamcast doing?
Then we will boycott SEGA too.
I can't wait for them to try NFTs in Yakuza, even though nearly every Yakuza game has a sidecase where some con-artist tries to rope Kiryu into a scam and Kiryu ends up beating everyone's ass and putting an end to the whole scheme.
If SEGA wants to be the sleazy conmen, then we all need to be Kiryus and kick SEGA's ass until they cut that crap out.
Just looking at it, it's weird because
1) they haven't just said it, it was in an interview a month ago which only just got noticed
2) CEO Haruki Satomi had said they wouldn't go with NFTs if they were just perceived as a cashgrab (so lol)
3) no specifics were given at all, giving them room to walk back on it as if nothing happened
however, it would have been nice if they had said nothing at all tbh
so sega having a bad idea again.
@@xerzy This is SEGA, there always has to be a loud public civil war about everything.
Honestly, I was expecting a lot worse with those drawings... I'm impressed.
I'm just surprised neither was Jonathan off Road Rules
It's great how virtually the entire internet stood up at the same time and said "no" to NFTs. I think we were successful with this endeavour because it was pushed really hard and was made pretty obvious. Other garbage like loot boxes and battle passes were snuck into games gradually.
Commander Sterling getting face pops for the NFT joke is awesome!
I remember looking to write a script for a game and some dude asked me if I could write the script for an NFT game. Glad I dodged that noise… still wanna write a game tho.
5:26- The biggest insult you can give JSS is to try and threaten to “NFT” them.
I feel like that section was a hell-face turn lol
That failed partially thanks to publicity by amazing individuals like you. Thank you for coverage and warnings xxx
Ooh! The Sculpture Park! So cool to see you've filmed there.
I know that we are not out of the hot water yet, but this. THIS! Is GREAT news!
Keep rejecting NFTs, comrades! Good job!
While I am happy with that info, I refuse to drop my guard. Especially with all the other nonsense the industry engages in.
I loved the shot of your head popping up from the "Nothing Special Happened" hedge. You have really stepped up the intro game, good madame.
it's a relief to hear the nasty f'ing things failed to catch gamers for now, as the grift has just about started to infect the kpop community by way of getting bigger and bigger entertainment companies to sign contracts with crypto sellers and platforms, and being another consumer market easily swindled by 'rarity' of items and exploitation, i can only hope it gets a similarly underwhelming response.
The end of NFTs on Ghost Recon Breakpoint matching the end of support for the game is quite poetic.
EDIT: the last few Ghost Recon games have been so identical and crap I legitimately confused Wildlands and Breakpoint.
Why weren’t they just DLCs to each other?
*gasp* it’s almost like gamers never wanted NFTs to begin with!
I very much enjoy all of these locales you've been visiting as of late in your vids!
Watching the death of NFTs in video games is like watching the death of the villain in horror movies: fills me relief, yet also dread the day it rose up from its grave to haunt us once more.
It's both tragic and funny how predictable this was. Because these nasty things brought no value to anyone or anything except executive pockets.
People were for once smart enough to see past the lies. NFTs were going to be glorified and worst high art. The NFTs were only going to have high value if someone valued it that high. It was going to be awful and stupid if NFTs ever took off. Im glad people wised up.
I find it funny how Jim plugs their wrestling/live stuff more than their patreon. Keep up the good work. We can't forget or ignore the damage these scumbags are causing.
Thank you for your continued service to us, Steph. We both love and adore you.
The picture from Gravity Falls during this reminds me of when the Northwests had to sell their mansion because Preston invested everything into “Weirdness Bonds.”
That’s exactly what Ubisoft trying to recoup its investment into NFTs feels like. They are real life Weirdness Bonds
I'm pretty sure that "Weirdness Bonds" were a take on Mortgage-Backed Securities, the very bonds responsible for the housing bubble and 2008 financial crisis.
The fact that you can see parallels with NFTs... is no coincidence. They were both a product with no inherent value, that everyone was told were a good investment, but then they made a bunch of them that were bad investments, everyone bought in, and reality appeared.
@@GeneralBolas Now all I can think about is that Simpsons bit where Bill Cypher shouts “Buy Crypto Losers!”
Aw, you can't just tease us with an opening of classical music and panning shots of countryside - it made me anticipate the arrival of everyone's favourite gaming Duke! D:
Omg you're back in Newcastle in May?! Excellent! Was so sad I missed you the last time!
I'm so glad Jim included that clip of sheep pissing. It really tied the video together.
Personal funny experience with this whole NFT thing. On twitter I changed my handle to "NFTs are Bad, don't buy them" or something along those lines, afterwords almost every time I made a tweet I got a like from an NFT Dudebro. After I blocked the 1st one, another one would show up later on another tweet and it only stopped until I changed my name. These guys are so damn desperate they would like the tweets of a guy who clearly stands against what they're trying to push on us, bunch of fucking clowns I tell ya.
I've had the occasional anti-NFT tweets retweeted by NFT promoting bots, just because the bots are stupid and retweet anything with "NFT" in it. It was pretty funny going to their feeds and half the tweets are people crapping on NFTs. And the other half were free blocklist food.
Bots that upvote posts containing keywords...
Why is it that the people with access to the most bots are the most obnoxious?
Happened to me as well
Usually I get no likes
Then all of a sudden I get liked by a Bored Ape pfp dude with a checkmarck (???) because I made a tweet referencing NFTs in a negative light
Don't compare them to clowns. They aren't worth the Big Red Nose of Haha Funny. They're just a joke.
Bots. Same shit with the cryptobro bots
The failure of NFTs is a shining ray of hope after the depressing successes of lootboxes and MTX.
We’ll all just have to remember who wanted to put this shit into their games and then go on to dunk on them for some cheap PR
Hands down that is the best Patreon pitch I've ever seen. NAILED IT!
...how in the *fuck* did I never make the mental connection between NFTs and The Emperor's New Clothes?
I gotta say, your "filmed on location" thing lately is the absolute best thing. Sure they're edited and acted to be silly, but those are some genuinely pretty UK vistas you're showing me!
Yesterday, I got an update that the creator of one of my backed Kickstarter projects had jumped into NFTs and metaverse with both feet, and it seems to have gone down like a bucket of cold sick. The non-update was a kick in the teeth, but it's great to see the response from the other backers is almost overwhelmingly "nope, don't like this".
People are wise to the scam now and it looks like NFTs are a poisoned chalice. My education on the topic owes no small debt to the Jimquisition; thank gods for you and all you do.
Good for them! I hope all they're left with is "sick" to eat in the end. Any artists jumping in on this deserve the poverty that's coming for them.
both of those artworks stomp every NFT I've ever seen, let alone just the bored apes