Web 3 is billed as the next big thing in technology. Some believe it will alter how we connect as a society, similar to what the internet has already done. The NFT, or non-fungible tokens, are units of digital data that revolutionize how art and music are marketed and are one of the most popular innovations to emerge from this new form of the internet.
However, although NFTs seem to be ubiquitous, they aren’t all that common in the realm of video gaming, and they’ve generated a stir in specific gaming communities in recent months as developers seek to profit from and explore the new internet.
The Ubisoft NFTs are referred to as Digits. “Digits are collectible in-game vehicles, weapons, and pieces of equipment that allow gamers unparalleled possibilities to engage with and experience more value from games they love,” the business noted at the time of the launch.
These NFTs may also be resold on third-party cryptocurrency exchanges. However, obtaining these NFTs may be time-consuming and challenging. You may not receive much for them on third-party marketplaces after you’ve done that. After a month of sales, users have only profited a total of $400 from the Ubisoft NFTs. They may check this provider of Direct Lenders and to get more money.
Web 1, the original version of the internet, consisted mainly of single static websites. It was simple stuff, but this version of the internet was seen as “decentralized,” with power distributed among a network of individuals rather than a single organization or set of solid entities.
What we’re accustomed to now is referred to as Web 2. This era of the internet is known as “the era of centralization,” in which “a large share of communication and commerce takes place on closed platforms owned by a handful of super-powerful corporations think Google, Facebook, and Amazon subject to the nominal control of centralized government regulators,” as Wired puts it.
That centralization is expected to be dismantled by Web 3. This new internet version is based on “blockchain” technology, which creates and monitors digital ownership across platforms. If you bought your favorite artist’s NFT, the transaction would be recorded on the blockchain.
Instead of being owned and controlled by a small group of people, Web 3 is intended to be owned and managed by its users. This ownership would be obtained through participating in and contributing to online communities.
NFTs are based on the concept of digital ownership.
In December, Ubisoft, a French video game firm, released NFTs as a prize for its game Ghost Recon: Breakpoint. Ubisoft now claims that the NFTs provoked an almost immediate response. Players claimed that they were challenging to get and that it would take hundreds of hours to acquire something that they didn’t value. Many dismissed the game’s efforts as a ruse.
Ubisoft Quartz, a blockchain technology related to in-game accessories, is the name of the company’s NFT platform.
According to USA Today, “unique serial numbers are affixed to objects [known as Digits] like as helmets or pistol skins that players may exchange with one other for agreed-upon values.” “A full-fledged in-game economy.”
“We believe that the puzzle will be unveiled and comprehended by our gamers piece by piece.” Ubisoft Strategic Innovations Lab’s Nicolas Pouard
You’d have to hit a particular XP level or play a certain number of hours in the game to obtain the first limited-edition NFT products on Ubisoft’s platform.
According to the gaming news site ign.com, a skin for the M4A1 tactical rifle requires users to attain XP level 5. Another Ubisoft NFT, a helmet, requires 600 hours of Ghost Recon: Breakpoint gameplay. The helmets and rifle skins are attractive, but the only thing that distinguishes one skin from another is the serial number that comes with it, which may or may not be a significant selling point for some.
Some players were also against the notion due to the potential environmental impact of blockchain technology. The computer power required for this technology has a significant carbon impact. However, according to the game firm, Ubisoft Quartz is built on the Tezos blockchain, which uses less energy than other blockchains.
Despite the uproar, Ubisoft continues to push ahead with its NFTs.
Nicolas Pouard, VP of Ubisoft’s Strategic Innovations Lab, says players simply don’t comprehend what they’re attempting to achieve yet in an interview with Finder’s retail comparison website.
“I believe many gamers are unaware of the benefits that a digital secondary market might provide. For the time being, gamers feel NFTs are “first harming the world, and second merely a tool for speculation,” Pouard argues, citing the present circumstances and context. “However, the final game is what we [at Ubisoft] are seeing first.” The end game is about allowing players to resell their stuff after they’ve done using them or playing the game.
“Our view is that the puzzle will be exposed and comprehended by our gamers piece by piece. We believe they will have a greater understanding of the value we provide.”
In the face of criticism from the gaming community, others haven’t been as tenacious.
A list of canceled NFT gaming projects may be found on Digitaltrends.com, tech news, and lifestyle website. Projects from EA, Sega, and Discord are among those on the list.
According to digitaltrends.com, Discord was one of the first big corporations to backtrack on NFT gaming integration. People often use Discord to communicate while playing video games. In November, Jason Citron, the company’s founder and CEO shared a snapshot on social media showcasing the MetaMask crypto wallet linked with Discord. Users of the service reacted adversely to the comments, and the firm declared two days later that it would not pursue the proposal.
Citron remarked on Twitter, “Thanks for all the views, everyone.” “At this time, we have no intentions to launch this internal idea.” We’re concentrating on safeguarding users from spam, scams, and fraud for the time being. Web 3 has a lot of potentials, but it also has a lot of issues that we need to address at our size.”
However, one massive investment in NFT gaming is coming straight from Texas.
GameStop, located in Grapevine, is developing an online marketplace for buying, selling, and trading in-game NFTs. According to The Dallas Morning News, GameStop’s stock jumped as much as 32% after the news.
People who visit the website nft.gamestop.com are sent to a screen that states, “Change the game.” One link on the website leads to a form where users may apply for funds, which seem to be for NFT-building initiatives. “We’re looking for creators and builders to help us power the future of Web 3 gaming.” It says, “Apply for award consideration.”
A portable gaming gadget emerges when you browse the main page. “Power to the players. The creators have all the power. The collectors have the upper hand.”