Konami's Castlevania NFTs sold for over $162,000

midian182

Posts: 7,902   +82
Staff member
A hot potato: Despite plenty of people speaking out against NFTs, non-fungible tokens will remain popular as long as they keep making money. A prime example of this is the 14 Castlevania NFTs that Konami recently put up for sale; they sold for over $162,000.

Konami earlier this month revealed that it was joining the NFT bandwagon by selling 14 NFTs on auction site OpenSea. The “Konami Memorial NFT collection” is part of Castlevania’s 35th-anniversary celebrations, as opposed to being any kind of in-game NFT that so many companies are pushing these days.

Bidding for the items started on January 12, and all were sold over the weekend. It was bad news for anyone hoping to see low selling prices that might dissuade other companies from putting out NFTs: the items went for a total of over $162,000.

VGC notes that after OpenSea takes its 2.5% commission for every transaction on its marketplace, Konami walked away with over $157,000. The game maker will also earn extra from the 10% cut it takes each time an NFT is sold on to another buyer.

The Castlevania NFTs sold for an average of around $12,000 each. The most expensive, a piece of pixel art based on the Dracula’s Castle map from the original Castlevania game, brought $26,538.96. There was also a 3-minute video NFT containing different moments of Castlevania gameplay that went for $17,518. It’s no surprise that Konami referred to the auction as its “first” NFT project.

The pushback against NFTs, especially those of the in-game variety, has been immense. Ubisoft has been taking plenty of flak for its Quartz platform, but the company says it is sticking to its “principles” and won’t back down, unlike the Stalker 2 devs. GameStop and Square Enix are also set to embrace non-fungibles, as has video game voice-over artist Troy Baker, for which he’s been lambasted. But not everyone in the industry likes them; It Takes Two's director said he would rather get shot than add NFTs to his games.

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yRaz

Posts: 4,416   +5,148
I'd love to meet the people who bought this stuff

...so I could give them a good F@#@#* slap..
These things just have to be a way of laundering money with the "metaverse" being created so bullion dollar corporations can capitalize on it.
 

Uncle Al

Posts: 8,759   +7,671
I would far rather purchase "self destructing art" like we saw at Christie's last year .... at least in that case you get a good laugh at the poor fool that now has a tattered drawing in a beautiful, shredder loaded frame ......
 

stewi0001

Posts: 2,751   +2,496
I feel like I should create a 16x16 pixel solid color and see who is dumb enough to spend their money one it.
 

Dimitriid

Posts: 2,208   +4,246
I think even a single NFT monkey can sell for double that, this means they made half for all of them? I bet Konami was expecting to make at least a million or so. So in the grand scheme of things, this might be the best bad news we could expect because if more of this early takes keep bombing they might get abandoned.

Well, it's the gaming industry so is run by professional scumbags so there's no chance they'll just abandon it, much like Microtransactions they'll keep forcing NFTs for years until they wear down resistance to them but at least we know they might never make as much money as they were hoping to.
 

Shear

Posts: 37   +30
Okay. Am I understanding this correctly? People are spending this type of dough on pictures?

I mean I just took a screenshot of it... Now I own it. For free...

What is going on in this world atm?
 

Faelan

Posts: 145   +157
Hey guys, once in a lifetime opportunity here. You can purchase an NFT of the dump I took while reading this article for only $4000. Please. I really need that 3090ti.
 

BadThad

Posts: 1,039   +1,193
Money making Ponzi scheme! The Chinese were quite smart with this proverb: "A fool and his money will soon part."