Konami's Castlevania NFT collection sold for £119,000
rockpapershotgun.comKonami's first auction of NFTs concluded over the weekend, with idiots collectively spending the equivalent of £119,000 ($162k) in cryptocurrency to buy 14 database entries pointing to Castlevania artwork, music, and videos that anyone online can see for free. On one hand, thank god it was only £119,000 because if it was the millions that some ugly Twitter avatars have sold for, every other mercenary games company would ramp up their own NFT initiatives. On the other, oh god £119,000 is still so much money for basically nothing.
The initial Konami Memorial NFT collection was for 14 Castlevania doodads auctioned on OpenSea. Altogether they sold for 49.1 Etherum, which in real money was roughly £119k ($162k). The single highest price was about £18,500 ($25.5k) for kinda a map of Dracula's castle from the first Castlevania. OpenSea take a cut for their role in sales, of course, but it's still a lot of money to make by selling nothing.
People haven't bought the videos and songs and art, only NFTs of them. They've paid for a database to say they have some sort of nebulous connection to the asset, but not any meaningful rights to them.
"The purchaser will not, by purchasing the NFT, obtain intellectual property rights (e.g. copyrights, trademark rights) in relation to the data linked to the NFT," Konami's terms explain. "Thus, the purchaser may not use the data linked to the NFT (e.g. reproductions) for commercial purposes."
It's the digital equivalent of spending £50 to 'name a star', 'buy land on the Moon', or 'become a Scottish laird'. Well, spending £18,500. So what does your money get you? The next item in the terms inadvertently lays it out.
"Konami is not able to preclude the purchaser from spreading on social media the
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