{"id":167122,"date":"2021-01-31T02:03:58","date_gmt":"2021-01-30T23:03:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fortnite-founder-says-nft-tech-going-places-but-currently-speculative-mess\/"},"modified":"2021-01-31T02:03:58","modified_gmt":"2021-01-30T23:03:58","slug":"fortnite-founder-says-nft-tech-going-places-but-currently-speculative-mess","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fortnite-founder-says-nft-tech-going-places-but-currently-speculative-mess\/","title":{"rendered":"# Fortnite founder says NFT tech \u201cgoing places,\u201d but currently \u201cspeculative mess\u201d"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3641bfc5d89\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3641bfc5d89\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fortnite-founder-says-nft-tech-going-places-but-currently-speculative-mess\/#Speculation_Swirls\" >Speculation Swirls<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Fortnite founder says NFT tech \u201cgoing places,\u201d but currently \u201cspeculative mess\u201d <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYTgxMTYwYTItMmM0MC00NDYyLTkxNzgtNzY5NTU1ZDA0YmQxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Tim Sweeney, the co-founder of the studio behind titles such as <em>Hitman<\/em>, <em>Gears of War<\/em>, and the wildly popular <em>Fortnite<\/em> said in a Tweet today that non-fungible token (NFT) tech and the \u2018metaverse\u2019 it one day may enable are \u201cgoing places,\u201d but due to factors such as transactions costs and the \u201cwild, speculative mess\u201d that makes up much of crypto today, the dream of \u201ca persistent, live digital universe\u201d might be far off.\u00a0<\/p>\n<p>Sweeney made his comments in response to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/metaversed.net\/Into-The-Void-Where-Crypto-Meets-The-Metaverse-263f1ff8c13c455ea472f5689e01acaa\">blog<\/a> titled \u201cInto The Void: Where Crypto Meets The Metaverse.\u201d Written by blockchain consulting, research and investment firm Delphi Digital partner Piers Kicks, \u201cInto The Void\u201d is a sprawling essay that dives into the history of digital connectivity and in-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> economies, ultimately arguing that blockchain-based metaverses will not be a simple improvement over previous virtual experiences, but will instead mark the start of a new human epoch:<\/p>\n<blockquote><p>\u201cIn the coming decades, a new era of virtual existence will be ushered in marking our next great milestone as a networked species.\u201d<\/p><\/blockquote>\n<p>In a short Tweet thread Sweeney praised the blog post and acknowledged that blockchain tech and NFTs are the \u201cmost plausible path\u201d towards a fully emergent metaverse, but also indicated that these developments may be far off and that investors should be cautious with their money:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Disclaimers!<\/p>\n<p>1) The state of the art is far from the 60Hz transactional medium needed for 100M\u2019s of concurrent users in a real-time 3D simulation<\/p>\n<p>2) Don\u2019t read  this as an endorsement of cryptocurrency investment; that\u2019s a wild, speculative mess<\/p>\n<p>But the tech is going places.<\/p>\n<p>\u2014 Tim Sweeney (@TimSweeneyEpic) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimSweeneyEpic\/status\/1355574604979441670?ref_src=twsrc%5Etfw\">January 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cIt&#8217;s immensely exciting to see recognition of the potential of these technologies from Tim, who is undoubtedly the leading pioneer of change within the game industry and beyond,\u201d Kicks said in a statement to Cointelegraph. \u201c[&#8230;] Almost everything out there right now is not yet ready to be mainstream consumer facing. It&#8217;s not just scalability that&#8217;s a bottleneck, there are still major UX frictions across the board.\u201d<\/p>\n<p>\u201cIt may well be largely speculative right now, but for those willing to engage it&#8217;s a very exciting time as the market hunts for viable, scalable business and incentive models. Where mainstream perceptions of crypto are concerned, the tides do <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be gradually changing,\u201d he added. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Speculation_Swirls\"><\/span>Speculation Swirls<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Sweeney isn\u2019t the only big-name entrepreneur to dip their toes into NFTs in recent weeks. On Monday Mark Cuban released a run of 10 limited-edition NFT animations of himself dancing. All sold out within hours, and on-chain sleuths identified two wallets associated with Cuban that contained dozens of small cryptocurrencies, as well as significant holdings in DeFi projects such as Aave and Sushiswap \u2014 all of which lent credence to Cuban\u2019s prior statement that he likes to \u201ctry this stuff out.\u201d<\/p>\n<p>Shortly after the drop, however, Cuban said in a television interview NFT prices are \u201cinflated\u201d due to low interest rates, indicating that his interest in NFTs might be purely exploratory. <\/p>\n<p>Both Cuban and Sweeney have good reason to question the sky-high valuations currently overtaking the space. Last weekend a rare CryptoPunk sold for 605 ETH, or over $750,000 at the time of the sale, and prominent collectors are being quoted on the evening <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>. <\/p>\n<p>However, as is often the case in crypto development carries on apace regardless of if there\u2019s a bubble or not, and a blockchain-enabled metaverse may be closer than even these founders and investors realize.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fortnite-founder-says-nft-tech-going-places-but-currently-speculative-mess\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fortnite founder says NFT tech \u201cgoing places,\u201d but currently \u201cspeculative mess\u201d &#8221; Tim Sweeney, the co-founder of the studio behind titles such as Hitman, Gears of War, and the wildly popular Fortnite said in a Tweet today that non-fungible token (NFT) tech and the \u2018metaverse\u2019 it one day may enable are \u201cgoing places,\u201d but&#8230;<\/p>\n","protected":false},"author":1,"featured_media":167123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYTgxMTYwYTItMmM0MC00NDYyLTkxNzgtNzY5NTU1ZDA0YmQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,91498,74935,80],"class_list":["post-167122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-metaverse","tag-nonfungible-tokens","tag-games"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/167122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=167122"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/167122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/167123"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=167122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=167122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=167122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}