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by echelon 1856 days ago
It gets even crazier.

https://nft.gamestop.com

GME as an NFT?

1 comments

Actually its one of the few use cases that makes sense

Gamestop's whole business was used games. I mean they'd sell you a new copy happily, and you could sell it back at discount and spend the money on a different used game

Playstation / Xbox digital stores killed the market, now I pay $60 for the new assassin's creed and can never sell it, there's no such thing as a used game anymore

If Gamestop has streaming rights for certain games, then NFTs can represent who ones a copy of a game. If you're bored of a game, sell the license to play to someone else. (This is not even mentioning in-game items that could be traded on secondary markets)

Of course GameStop could conceivably build a tech stack that lets them manage 'who owns what license to what game' and a whole marketplace around that, but why build it yourself when people are already out there sending NFTs from one wallet to another.

It seems like any potential success GameStop could have in the digital world solely depends on Sony/Microsoft/Nintendo/Valve explicitly allowing them to do so. And I see no reason why they would do so, considering not only could these companies completely handle reselling of digital games on their own market, there's little-to-no incentive for them to allow resale of digital games at all.
What if they got a small % of the resale, with a blockchain as a verified record of sales?

- Games and consoles made years ago still generating revenue. - It would incentivise companies to support repair and continued use of old products.

I think it would be instant buy-in from those larger companies.

There's already an attempt at doing this on PC [0] led by Brian Fargo of Interplay / inXile fame. I can't speak to how effective it is or how many people use it but it seems to be still operative after a year on public beta.

One key issue I see is that it's still quite centralised - you have to resell through their store and can't just exchange a game license for crypto at an arbitrary price. No surprise though that this is a necessary step on the way to getting publishers on board.

[0] https://store.robotcache.com/