Ubisoft beats EA to the punch on NFTs with new cosmetic items for Ghost Recon Breakpoint.
Tom Clancy’s Ghost Recon BreakpointStarting tomorrow, Dec. 9 at 1 p.m. ET, a limited number of M4A1 Tactical rifles with a black-and-red color scheme called “Wolves” will be made available. Then the dark grey “Wolf Enhanced Helmet A” on Dec. 12 and “Wolf Enhanced Pants” on Dec. 15. I don’t know how any of this contributes to being better at the game or having a more fun experience , but people buy skins in free-to-play games, so it’s not that mind blowing a concept.
The individual NFTs have their value artificially inflated by bidding wars between crypto insiders. Then either other super-rich people buy them because they have more money than they can productively use, or people in the vast and nondescript middle class pour their savings into something hoping that they can flip it.
Sometimes this happens through a process called “wash trading,” like if you minted an NFT, bought it from yourself for $1 million, and sold it for $500,000 to someone, to use Castor’s hypothetical.
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