GameStop spent half a billion on an NFT website in 2022

[Anonymous No.51313953]

Like how? That had to be money laundering right? Paying 100x what a website is worth, years after everybody stopping buying NFTs. It brings in literally low three digits in revenue a day, selling stuff to reddit cultists. How do you spend so much on garbage?

[Anonymous No.51313982]

>>51313953
Niggerfaggots are still convinced that NFTs are going to actually be a big thing and that "the metaverse" will somehow demand the use of NFTs for reasons that none of these retards can explain beyond vague notions of digital ownership.

[Anonymous No.51313991]

Can't wait till they go out of business

[Anonymous No.51314146]

>>51313982
But bro you can take an ak-47 from call of duty and use it in madden!

[Anonymous No.51314151]

>>51313982
>still convinced that NFTs are going to actually be a big thing
Yeah they’re fucking morons. But how do you spend that much on development? The site lacks functions of the other marketplaces, runs like shit, and inexplicably cost more than most games consoles?

[Anonymous No.51314202]

>>51313953
They used all the money from redditards and /GME/tards who keep throwing money at their stock

[Anonymous No.51314205]

>>51313982
BRO, its not about the money bro, its about the community. It was never about making money, it was about the bros.

[Anonymous No.51314326]

>>51313982
Nft’s are going to be huge consumers gonna consume, just look at all the hats sales in TF2 and custom gun skins in counter strike. It isn’t much of a transition to making game items nft’s

[Anonymous No.51314558]

>>51314151
>NFTs are going to actually be a big thing
There are a few multi-billion dollar NFT companies already. Others are also in the several hundred million dollar range and are partnering with some of the biggest gaming companies in the world, like the one I work for.

[Anonymous No.51315211]

>>51313953
did they actually spend A BILLION on that shit that broke the first day and brings in no revenue
top kek

[Anonymous No.51315242]

>>51314558
lol, name one

[Anonymous No.51315582]

>>51314558
>few multi-billion dollar NFT companies already
The NFT companies are loosing market cap/value at an astronomical rate as the market realises the last fools have gotten wise to it. Game companies are cancelling their projects and apologising for saying the word NFT. The only “games” are pyramid schemes propped up by third-worlders. None of this explains how a basic hyperlink storefront cost GameStop more than development of their entire of stock of actual games?

[Anonymous No.51315758]

Why are you retards so short sighted. The current nft space is definitely not what the endgame of NFTs are. Let me ask you something, if you own a home, or even a car how do you prove the ownership? A title/ deed. Documents like this can be easily made into nfts. Then proving ownership of the property is easy to do and suddenly the systems we have for leveraging these, tracking them, finding out owner info, etc is made much easier and with less waste(yay green, right). I saw an anon mention something about car dealerships once, that they are required to keep a copy of everything for various time periods in hard copy! Which takes up a ridiculous amount of space, with nfts(provable digital files so essentially like a paper original) it would all fit in on a small HDD. Here's a source for you tards https://legalbeagle.com/7258458-federal-retention-rules-auto-dealerships.html

[Anonymous No.51315831]

>>51313982
Go post this in the gme thread and watch them writhe

[Anonymous No.51315885]

>>51315758
The kinda of things that could be done with that sort of connectedness is crazy...part recall, well the NFTs are loaded with schematics listing every part so anyone with an nft that has that part is notified of the recall. Need a particular piece of shit that fell of your car, well it's all integrated and you can search the system for dealers who sell the exact part you need all in one step, no searching for it through random outlets. These are just small examples of how NFTs can be used. Try focusing on finding projects that are using them in ways other than art. If you search online you'll find a lot of countries have been trialing out systems like this quietly in the background using projects that are already in existence. Do some searching into that if you want the next 10000x nft

[Anonymous No.51315901]

>>51313953

Just buy AEVA

[Anonymous No.51315916]

>>51315758
>Let me ask you something, if you own a home, or even a car how do you prove the ownership? A title/ deed. Documents like this can be easily made into nfts
That’s not a problem. The NFT is less convenient than the actual document. NFTs are literally just hyperlinks to a blockchain. It doesn’t determine ownership of anything other than the link.

[Anonymous No.51316798]

>>51315916
Again anon, you are thinking in terms of how things currently are. There is also a difference in NFTs some do what you are saying and are a glorified hyperlink. Some actually have metadata encoded in them that give them unique attributes, all stored on chain, no outside server required. The metadata ones are what I'm talking about. The kind of thing I am talking about would also have to be once digital wallets were in everyone's hands and being used day to day like we do with debit/credit cards. The system I imagine would be a unified system of all blockchains. This is already in the works and the rails for it have been created and have already been tested, in fact many countries are about to switch to this very soon.

[Anonymous No.51317356]

>>51316798
You've fallen for a common trick in crypto, make it seem more complicated to make stupid people think it's worth something. Kek baggie

[Anonymous No.51318389]

>>51317356
Make what seem more complicated? Nothing about this is complicated. NFTs remove the stupid handholding framework out current system has. Right now if you want something done record wise an actual human has to put in a request, then another human has to ok it, then another has to fulfill the request, etc. Blockchains can't fully solve the issue of storing unique documents in a meaningful way (unless there is a product I don't know about) but NFTs along with their metadata can. It's just removing a lot of the labor involved in these processes...which is something that has made humans obscenely rich in the past(the removal of labor)

[Anonymous No.51319641]

>>51316798
won’t happen anytime soon unless we get cbdc backed by some global nwo government.
long after world war 3.

[Anonymous No.51319737]

>>51313953
>should we invest that money in our dying relic of a business model? No make a nft site

[Anonymous No.51319781]

>>51318389
You don’t understand the words you’re typing, that’s why you think it’s impressive, what you’re describing is just busywork, it doesn’t mean anything. There is no utility in putting everything on the blockchain. You just end up with a list of wallet addresses.