Will Star Citizen Sell NFTs and Cryptocurrency?
I take you through what NFTs and Cryptocurrency is, how NFT games make money, the positives, the downsides and finally explain whether or not it will make its way into Star Citizen’s funding model.
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0:00 Intro
2:17 What are NFTs and Crypto?
4:45 How NFT Games make BANK
7:35 The Positives
8:48 The Downsides
17:11 No
Music by Epidemicsound.com
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Just look at what is happening on ebay with Auec when there is no exploits you can sell 1mil for £40 but when there is one its £1 for 100mil so why make it Crypto when you have ebay.
But with staratlis there ships have an a amount cap or rarity that will keep there value or increase if players go up starcitizen does not have such a thing so the more players just mean ships will be less rare but ingame money will increase in value for knew players.
With staratlis there ingame money will be worth less the more people playing because there will be more ingame money being made so in the end in staratlis your ships will be worth £0 because your ingame money will be worth £0.
if star citizen starts selling nfts i will instantly sell my account
I feel like ships are already borderline a nft. With how much they are bartered and sold within the community it makes sense that they are.
I think the current assets should be NFTs. Then we could buy and sell them outside of CIG. You actually own your show then. I could sell my Polaris to my cousin without logging into the game or CIG marking the ship as embossed with a watermark saying transferred
Imagine making a knife in SC an NFT. LOL
Oh god hope to god crypto or nfts dont touch sc.
NFTs are purely a speculative asset. They have no inherent value. It's like owning a receipt, but you don't even own the the thing the receipt is attached to. Imagine you walk into a car showroom, choose a car, pay for it, then leave without the car. You don't own the car, you can't use the car, you have no rights at all to the car. But you've paid the price of the car and have a receipt saying that you paid the money, and nothing more. That's an NFT.
If they started using nfts I'm immediately going to stop supporting them simple as that
I mean, until some of these ships are in game, for SC, aren't they already basically NFT's, JPGs you've paid real money for?
Too volatile and prone to scams, stay away from NFT's Star Citizen. Slow and steady wins the race.
They should gaming is changing I mean imagine if you can play your favorite game and making money off of it instead of just wasting time making nothing
Imagine being so brain dead you buy a fake ship in a game that doesn't exist and then think its an investment. If SC goes this route my account is going to the grey market immediately. lmao..good lord…fix the public education system please
Star Citizen is pure escapism and fun. No NFTs please CIG
This is 100% the right direction for a game that wants to be an entire universe. A star citizen NFT would raise tremendous amounts of money for game production and they could leverage their NFT's and community in so many different ways its mind blowing. Unfortunately a lot of you are resistant to change and behind in your thinking…
NFTS are a Scam, SC for its reputation really should stay away from that crap, I see Crypto Currency as a scam too since its backed by absolutely nothing, and can crash at anytime to 0 and costs like $45,000 for one bit coin.
Alot of you don't understand the value of a nft. This isn't some bull crap picture of pixel art or just a speculation investment. When a nft is used for its utility in a closed system it gives ships actual value in game and out of game. The thing about real nft utility the best way to describe it is think of collectable trading cards where it will be impossible to counterfeit and just like cards you can trade or sell your limited edition ships. If they do make a in-game currency you'll now have a eve online stock market place creating a more immersed element.
"(If it was a scam) wouldn't you want less transparency?" Well, that comment aged well.
if they do you know its fucking scam for sure
I really hope they will sell nft and implement so sort or crypto mining in the game. No matter what other people are saying. Crypto games and nft are the future
I'm not sure what people, who say Star Citizen may be scam are thinking. I sure doesn't look like a Scam to me because, well, you can play it, its a game you can actually do a lot of things in.
Okay, it does crash some times but so does the Windows Operating System, or your Linux install or you Mac Os or what ever you use as a user interface for your computer.
Only because it says "Alpha" and not "Final release" on the package doesn't make it less of a game. Even though it is, I admit, a very expensive "Alpha" release to play. Still doesn't make it Scam.
I can see NFT style of ADDITIONAL monetization in SC working only AFTER SC has actually released. And I don't mean some giant event Star Citizen 1.0 release event where it officially goes from beta to full release. What I mean by "release" is the moment where SC has become stable and complete enough to be a "minimum viable product" as in, if CIG stopped development right then and there, you would have an acceptably functional game for 50 EUR/USD you'd put in it as a minimum. You'd have all the features and functions advertised up to that point in the game.
What this means is that there is a "self-sufficient" product where people with enough effort and time committed in the game could make it their actual income and NFT's becoming one way to produce that income and their grind for said income also feeding into keeping the game itself running. Earning those NFT's or coins through ingame actions. Basically the same thing a select few people in Second Life did but on a larger scale and with the added "bonus" of blockchain shenanigans.
I don’t know you, but I’m not going to spend money with Star Atlas, the ships are more expensive than in Star Citizen, I don’t see any benefits, maybe if you want to sell the ships for more money, but then you can invest in cripto that is already working…
People already believe it's a scam. I enjoyed the free fly week a lot, but the game being so ambitious and so early in development, it'd be hard to believe in it or, importantly, convince friends to join to do stuff with if it's also marred by NFTs. It's the main reason SC is taken way more seriously than something like star atlas. When the gameplay involves "you can buy and sell ownership of…" you don't have a game; you have a bank.
Only nft i see in SC is the hard to find in game artifacts that only one exist and is sellable as an nft and SC wouldnt charge us to obtain NFTs but they would charge us to pull them out of their network similar to FTX that would make more people want to explore and search for rare artifacts and attach a real world value to such also i believe depending on how its implemented UEC could be a very wide spread crypto if they adopt a meta verse or alternate reality vision theyve already mentioned that there wont be a MP VR implementation until the technology catches up to something like nerve gear
Bruhhh if you guys only knew that people are earning stupid amount of money with defi staking and nfts, STAR CITIZEN has and build in stock market.
All it takes is incorperate blockchain to it and let it role…for high apy and boy oooo boy we broke the metaverse
NFT skins could easily be implemented.
Blockchain NFTs are shit, you are going to have investors own shit and never use it. It is going to be like the housing market where you can not find living space because the investors just buy houses they will never use…
NFTs actually aren't ownership of a digital asset they are just indicating a place on the blockchain and the creator of the blockchain has referenced a digital asset with that place on the blockchain. However that digital asset doesn't become yours because of it. What becomes yours is the place on the blockchain. Which is why you can see a lot of copyright infringements with NFTs going on. You don't "own" the digital asset so it doesn't matter that the digital asset associated with your place on the blockchain isn't owned by the creator of the Blockchain. Now a Computergame like this truly has a to me legitimate usecase as in yeah you can easily track who has which spot(and therefor associated ship) and if they really develop the game that will be a momentous occasion.
Noice. Its nice to see a balanced view on nfts/crypto in games. Some mistakes – SOL not ETH for SA – but a nice intro to crypto/nft for non-crypto folks.
As you say security is critical here as there is a lor of real money ar play, there are $100k ahips and there are 3 $5 million ships coming in!
I’m concerned about the focus on money and fun should be important as SA is supposed to be a game. I don’t rhink SC will introduce nfts, i think the game market will split to those with nft and those without. Personally I think nft/crypto imetaverse games like Star Atlas are the future but that is 7-10 years out!
Really nice video and great to see a balanced commentary not just the usual fud.
More power to your elbow sir.
I’m going to be playing Star Citizen while I wait for Star Atlas and will play both!
NFTs in every scenario are a complete scam. There's the potenial for you to make money with them but you have to be incredibly lucky or have dubious intent. If Star Citizen considers any form of NFT usage i'm out.
Clickbait makes me sad
The only people that like NFTs are the people that already got suckered into buying NFTs. If pledges got converted into NFTs, I'd sell mine off (even at a loss) and cut ties with the game.
It will take sa years to catch up to sc
Sc needs to just make digital tokens we can use in the game
nfts are the future of content ownership
Should also note that none of us play these games to deal with issues from daily life, we play to escape and have fun with friends. I do not want to have think about paying fake insurance and day trading while I’m shooting lasers in a fake space world. I just don’t.
Better then investing in beany baby
They better not.
I think it has been a year (ok 2 years I HATE Covid- 19) since I first saw your 890 Jump video. Before 5 minutes went buy I was reaching for my wallet and opening another window for CIG. I did some more research before typing in my numbers. I am not a person that will be happy with crashes and bugs. I will wait till Star Citizen becomes full live.
I think NFT's in SC would be fine, but it would require some very careful consideration. With the right model it could work, but I don't think it needs NFT's
As a crypto user I think you have a lot of good points. I do believe that if they wanted to create NFT items it should be done without impacting the in game monetary system. They already sell ships for real world currency. NFT's would simply give you real ownership over the items you purchase. Monetary policy is a matter of programming with blockchain and expectations of profit are not required for NFT's to exist. It is simply the current model for NFT's in the digital gold rush age.
If they go crypto after release then no big deal. Before release and that’s shady but still understandable.
Everything will be in the Metaverse soon. So to say you don’t want a specific game to evolve with the future is pretty petty.
i am investing in star citizen but Not for it to be OVERRUN by live streamers and social groups that are protected by hate speech TOS
star citizen should allow ships to be customized and uniquely decalled upgraded with Modfications that are akin to how reversegineering in SWG goes, like Salvage and repairs should allow for this game play we only need Crafting and snap crafting
eventually they should have a mining system in game where we can OBTAIN RARE items to sell as NFTs
it won't be bad at all, it will be part of the future of work and entertainment see running simulations will be a neich market eventually requiring many people to take part in so they can train ai to be more like humans. you'll see crypto as a payment in the future cos currency is going to change and CIG will need to adapt but i believe they know what is going to happen already.
Their simulation could be a lot bigger if they have the right teams, but it does mean getting rid of their current ones eventually
I don't think too many would argue that CIG over-promised and under-delivered – but that was probably more because they did not realise the size of the cherry they were attempting to bite off, or they thought it would be easier to bite with future technology which has not transpired ,,, in the interests of clarity – I think I first backed SC in 2015, and I'd have liked to have a more compete game by now – but I can actually now (proabbly since 3.13-3.15 log in each day and make this the game I "normally" play … Star Citizen is certainly flawed – but it is the closest thing I can play to the game I want and they get better every release .. I would not suggest that everybody should play it – although I'm happy to – but It does not deserve to be lumped in with these new games that seem to simply be purposed to extract cash from unwitting individuals. Star Citizen is a flawed animal to be sure – but CIG have a goal and a game that they're trying to build – and every step gets a little bit closer to that .. most of these new Johnnies on the Spot are straight up scams or Ponzi schemes – there is no even intent to create a playable game – just offer speculatory markets that some will win and some will lose.
I agree with your points about why ships shouldn't be NFTs. However, when bases are implemented I don't see why cosmetic NFTs would be a problem down the track. I definitely don't believe it should be a priority, and they should only work on it once the game has left alpha, beta, and is actually released.
I think hanging up NFT pictures in frames in your base, or importing clothing, or other decorative items that have to remain in your base wouldn't be a bad idea. You would just have to make it that those items can't be bought or sold in the game. This eliminates the problems associated with ownership and creating a real-life economy in the game where people play to earn. Plus, if the base gets destroyed then you still have those items in your wallet and can just re-import them into your base. Again, I don't think this should be a priority at all, and really should be something that happens way down the track.