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Ann: Animoca and Formula 1 partner to make blockchain game, page-79

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HoganHound

1,422 Posts.

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27/03/19

15:24

Post #: 37902316
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Originally posted by quick ben: ↑

the main thing i want to dispel - not to crush any enthusiasm in the stock, i am all in on AB1 - is the idea that trading limited #s of things is unique to NFTs.

Any game right now can exist with limited releases of digital items - Good example is Dota 2. In Dota 2's market there was an item that was made by a player which the company (Valve) made into an official item, but no one realised that player who designed it initially had infringed on copyright. Valve's action was to re-design the item and then make it so it was discontinued, now people can only get that item from a limited pool by trading with other players

That item skyrocketed in price in trades between players. The game does not use blockchain, but it was able to easily implement a system where an item was both unique and tradeable.

NFTs main and only benefit is solving a legal question of who owns the particular item - the company or the player. This does allow for the player to re-sell the item directly for cold hard cash much much easier than the harder method many game companies have forced people into (because they dont want to be responsible for cash transactions in that way)

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you just explained why nft can be so powerful too! what was the price of this dota item?

AB1 Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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