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I have predicted the future of NFTs. In the near future, NFTs will dip. All major NFT hosts will panic and declare bankrupcy. They will keep everyones investments. Since crypto/NFTs are unregulated, none of the "investors" will get their money back.
This isnt even a prediction this is what happened every time there has been an unregulated investment bubble.
Discuss how NFTs are a modern spin on a classic investment scam. Or, if you are a NFT "investor", cry about how its totally different this time and brag about how you will definitely be a quadrillionaire any day now when your NFTs sell.
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You mean like all your Stabbys?
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> Discuss how NFTs are a modern spin on a classic investment scam.
Oh, definitely. They have the classic elements of a [pump and dump](https://en.wikipedia.org/wiki/Pump_and_dump) scam, though in many ways are far worse. Many publishers of them are anonymous, using shell companies and social media to hide their identities and location. They use dubious, often illegal, tactics to promote their NFTs such as lotteries and thinly veiled pyramid schemes. They create their own currency so they can extract rents and fees, to ensure only they are the only ones making a profit, especially when it all collapses and their currency becomes worthless.
Kongregate to be fair avoids the worst of these excesses. We know who Kong is, and they are not doing anything illegal (or anything much at all) to promote their NFTs. They do though have their own currency, $KOINS, which does nothing except complicate the act of buying anything, letting them extract fees at multiple points.
Can you create gaming NFTs without your own currency? Sure – Ubisoft are doing exactly this with their Quartz platform. It uses the Tezos blockchain, so bypassing the high costs of e.g. Etherium but without introducing new costs with their own currency. The NFTs are available now, and work in a shipping game. No vague promises of "later this year".
Of course those like all gaming NFTs are fundamentally flawed, as they are tied to a particular game. It doesn't matter that they exist on the blockchain, at heart they're no different from any other game asset. And as such they'll only last as long as the game.
In theory when "the metaverse" comes along you will create NFTs which can be used across the metaverse, including in different games and worlds connected to it. But that's far in the future, if it ever happens. No-one currently is working on it. It might never happen. And the current crop of NFTs, almost all with their own currencies, on their own private blockchains, will never be compatible with it. But that doesn't matter as their sellers will be long gone, their pump and dump scheme having run its course.
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[IF S. T. A. L. K. E. R. can realize how bad this idea is so can Kongregate.](https://twitter.com/stalker_thegame/status/1471620399997886472)

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Don't think anything anyone else does will be any signifier that Kong will do better.
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