They are, though, by any reasonable definition. Despite what the cryptobros would have you believe, there is no need for a blockchain to have a tradable, persistent token associated to an asset. Besides the fact that the tokens are stored on Valve’s servers instead of a distributed blockchain, there is no difference in how those work.
The cryptobros tried to convince everybody that a blockchain made the tokens “non-fungible” as in automatically interoperable and endlessly persistent, which was a lie that only survived until the first time the assets, which were all stored on servers and not in a blockchain, got deleted.
That’s a different discussion in any case. The point is it’s a stock market of tokenized, tradable items where the transactions are monetized by the company by taxing the trades. It’s the same on Roblox and Steam (and in all the NFTs people dumped all that money on).
Wait, Roblox and Steam’s “stock markets” are run on NFTs?
I think they’re implying that the digital items such as TF2 hats and weapons skins are NFTs
Yeah, I know. These and trading cards. I don’t think they’re run on NFTs.
They are, though, by any reasonable definition. Despite what the cryptobros would have you believe, there is no need for a blockchain to have a tradable, persistent token associated to an asset. Besides the fact that the tokens are stored on Valve’s servers instead of a distributed blockchain, there is no difference in how those work.
The cryptobros tried to convince everybody that a blockchain made the tokens “non-fungible” as in automatically interoperable and endlessly persistent, which was a lie that only survived until the first time the assets, which were all stored on servers and not in a blockchain, got deleted.
That’s a different discussion in any case. The point is it’s a stock market of tokenized, tradable items where the transactions are monetized by the company by taxing the trades. It’s the same on Roblox and Steam (and in all the NFTs people dumped all that money on).