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EvertBouw | 2 years ago

CSGO skins and lootboxes are tradeable digital items, but they are tied to the steam marketplace. If it used a blockchain they'd be NFTs

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chaorace|2 years ago

Yeah and if I lit a match and dropped it in my house it'd be a housefire. Calling skins NFTs is patently false, because they are both not tokens and not non-fungible (nametags notwithstanding).

mcpackieh|2 years ago

It's not the blockchain aspect of NFTs that is particularly offensive and relevant here, it's the creation of a speculation market for the selling of textures/jpgs with artificially imposed scarcity. The only difference between what Valve does and NFTs is an irrelevant implementation detail; Valve uses a centralized database instead of a distributed ledger, which is a much smarter engineering decision but it doesn't change the fundamental nature of what they've created.