Which makes it just the most incredible time for Japanese publisher Square Enix, famed for properties like Final Fantasy, to sell off most of their Western-facing IP and studios to gamble on the batshit scheme.
Yesterday we learned that Square Enix is intending to sell Crystal Dynamics, Eidos Montreal and Square Enix Montreal to the monolithic The Embracer Group, along with IPs for games like Deus Ex, Tomb Raider, Thief, and Legacy of Kain.
Somehow, though, many of these companies are putting a lot of effort into pretending that you can now own a picture, and then pretending that in doing so the picture somehow becomes imbued with inherent worth—all given life by enough idiots clapping their hands and shouting how they believe in fairies.
Unfortunately, a lot of these clapping idiots wear expensive suits and talk loudly in boardrooms, and as with every other aspect of the scam-fest that is “web 3.0,” businesses have been desperately scrambling to profit before the whole illusion blows away on a breeze.
The WSJ doesn’t mince words in its reporting.
Play Skyrim again and againIf you haven’t played Skyrim at this point in your life, I’m frankly impressed.
This is partly due, it seems, to the rising interest rates that are strangling the poorest, but in turn is causing the richest to be far less risky in their speculation.
We recently reported on Sina Estavi’s attempt to sell the NFT of Jack Dorsey’s first tweet , for which he’d paid $2.9 million, expecting to see bids of, cough, $50 million, and received nothing higher than $3,600.
Unfortunately for us, many games publishers are betting on this one-legged horse, and the consequences could be bleak.
They depend on the belief in their own existence to exist, requiring faith and religious notions of “worthiness” in order to flourish.
NFTs were always going to be a bubble, and no doubt they’ll have little spikes, resurgences of interest with each new nonsensical twist, reaching nowhere near as high as 2021’s but allowing the True Believers to keep duping themselves and others for a while to come.