{"id":2445,"date":"2022-05-09T09:22:34","date_gmt":"2022-05-09T09:22:34","guid":{"rendered":"https://uk20201.com/blog\/?p=2445"},"modified":"2022-05-09T09:22:35","modified_gmt":"2022-05-09T09:22:35","slug":"nft-market-collapses-just-as-square-enixsells-tomb-raider-to-bet-big-on-blockchain","status":"publish","type":"post","link":"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/","title":{"rendered":"<strong>NFT Market Collapses Just As Square EnixSells&nbsp;Tomb Raider&nbsp;To Bet Big On Blockchain<\/strong>"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>You know what no one could ever have predicted?<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-14.png\" alt=\"NFT\" class=\"wp-image-2447\" width=\"374\" height=\"187\" srcset=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-14.png 554w, https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-14-300x150.png 300w\" sizes=\"(max-width: 374px) 100vw, 374px\" \/><\/figure><\/div>\n\n\n\n<p>That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As&nbsp;The Wall Street Journal&nbsp;reports, the NFT market is \u201cflatlining,\u201d down 92 percent from last September. Which makes it just the most incredible time for Japanese publisher&nbsp;Square Enix, famed for properties like&nbsp;Final Fantasy,&nbsp;to sell off most of their Western-facing IP and studios&nbsp;to gamble on the batshit scheme.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>blockchain market<\/strong><\/h2>\n\n\n\n<p>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&nbsp;Deus Ex,&nbsp;Tomb Raider,&nbsp;Thief,&nbsp;and&nbsp;Legacy of Kain.&nbsp;Why? Because, to quote Squenix, \u201cthe Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.\u201d Which is to say,&nbsp;its previously announced desire to milk the NFT\/blockchain market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>NFT<\/strong><\/h2>\n\n\n\n<p>feel like the most extraordinarily precise emblem of the 2020s. It\u2019s all a glaringly obvious pile of bullshit. Companies are literally selling a line of code on what they call a blockchain,&nbsp;to repackage the extremely old idea of digital asset ownership as the next big investment&nbsp;you should get in on now while the going is good. You\u2019ve been able to own things like video game skins for a long time, of course. 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\u2014all given life by enough idiots clapping their hands and shouting how they believe in fairies.<\/p>\n\n\n\n<p><strong>If not, well, I\u2019ve got these lovely jpegs of some bridges I could sell them.<\/strong><\/p>\n\n\n\n<p>NFTs were always going to be a bubble, and no doubt they\u2019ll have little spikes, resurgences of interest with each new nonsensical twist, reaching nowhere near as high as 2021&#8217;s but allowing the True Believers to keep duping themselves and others for a while to come. But let\u2019s hope that this news of a market collapse is finally enough to scare the games industry away from this ludicrous money pit. We\u2019ve reached out to Square Enix to ask if the news has given them any pause.<\/p>\n\n\n\n<p>U.TOWN\uff1a<a href=\"https:\/\/u.town\/en\">https:\/\/u.town\/en<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You know what no one could ever have predicted? That a  [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[614],"tags":[522,415],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT Market Collapses Just As Square EnixSells&nbsp;Tomb Raider&nbsp;To Bet Big On Blockchain - U.TOWN<\/title>\n<meta name=\"description\" content=\"NFT-That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT Market Collapses Just As Square EnixSells&nbsp;Tomb Raider&nbsp;To Bet Big On Blockchain - U.TOWN\" \/>\n<meta property=\"og:description\" content=\"NFT-That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable.\" \/>\n<meta property=\"og:url\" content=\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/\" \/>\n<meta property=\"og:site_name\" content=\"U.TOWN\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T09:22:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T09:22:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https://uk20201.com/blog\/wp-content\/uploads\/2022\/05\/image-14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"554\" \/>\n\t<meta property=\"og:image:height\" content=\"277\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin1\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9810\u4f30\u95b1\u8b80\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u5206\u9418\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/#article\",\"isPartOf\":{\"@id\":\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/\"},\"author\":{\"name\":\"admin1\",\"@id\":\"https://uk20201.com/blog\/#\/schema\/person\/465f9d960ffe4355dbd44ff26c85a528\"},\"headline\":\"NFT Market Collapses Just As Square EnixSells&nbsp;Tomb Raider&nbsp;To Bet Big On Blockchain\",\"datePublished\":\"2022-05-09T09:22:34+00:00\",\"dateModified\":\"2022-05-09T09:22:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/\"},\"wordCount\":426,\"publisher\":{\"@id\":\"https://uk20201.com/blog\/#organization\"},\"keywords\":[\"NFT\",\"u.town\"],\"articleSection\":[\"NFT\"],\"inLanguage\":\"zh-TW\"},{\"@type\":\"WebPage\",\"@id\":\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/\",\"url\":\"https://uk20201.com/blog\/en\/nft-en\/ex\/2445\/\",\"name\":\"NFT Market Collapses Just As Square EnixSells&nbsp;Tomb Raider&nbsp;To Bet Big On Blockchain - 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