Gamers are pretty invested into whatever platforms they are on. They have good money tied up in digital goods. So yeah they don't want to see a change. I wouldn't say the gaming companies all abandon plans. Most of them are going to do the same crypto tech they pitched just privately. Then if they want to interop later it's already done.
BAYC the company has a lot of employees and is sitting on a ton of money. They would license the use of the BAYC logo. So if you wanted the logo you'd talk to them. If you wanted an ape you'd find an ape holder.
So there is a restaurant that bought an ape. It's their logo. That's it that's all they need to do. Arizona Iced Tea bought an ape and then used its ape and the BAYC logo. BAYC came after them for not having licensed the BAYC logo.
The company is going to issue ape coins. They are sorting out all the legal, but the assumption is the ape holders get issued the coins. Then they either get a taste of that parent companies money or it becomes a DAO; so more like stock or voting rights. Either way owning the ape is going to be good; even if you just hodl.
Interesting - didn't realize the business model of BAYC - that it had a central brand or "issuing" organization. So the idea is that owning one of the apes would be like owning stock? While I think it's convoluted and not a value add to do it using NFTs and crypto, they are at least capitalizing on a current trend. Seems like they are savvy business people in charge of this thing. Maybe BAYC becomes the beanie babies of the 2020s and in 10 years after the hype dies down they'll still have a business that makes something people want.
I do generally agree with your point about gamers/gaming. You know that there is a crypto enthusiast somewhere in the upper levels of leadership in these companies who has really bought in to the NFT fad, or cynically still thinks they can use it to cash in on hype to pump their stock price. They won't let these ideas die. They'll keep trying to force them on their customers until one side gives. Either gamers will win and we'll stop the NFT nonsense, or like the days when selling "Horse Armor" in Oblivion was also a cause for extreme backlash they will eventually give in. My vote is that NFTs will be gone from (mainstream) games due to the problems that real money trading bring - gamers don't want NFTs and game studios will realize it's not in their best interests either due to the additional regulatory burden and game balance issues with minimal return. There's a reason that Valve, Blizzard, EA, etc have been very careful to avoid allowing their digital items to be exchanged for real money or walked back from previous times they did. And that reason is not profit motive - they could (and did) take a cut of every transaction under the old scheme.
I need a Bitcoin for Dummies. Help!
Bitcoin for dummies - think of Bitcoin as something similar to investing in gold, only more highly volatile and with a much higher chance of going to zero value. It's an investment product you can buy that's relatively uncorrelated to the US Dollar and could potentially serve as a hedge against inflation. There's also a small chance it will gain a high adoption rate and the value of Bitcoin will skyrocket. I personally think this is very unlikely, but you can tell I'm the skeptic in this crowd. It's not money, just like gold is not money. But it can be exchanged for money.
You can buy Bitcoin using exchanges. Coinbase is the most famous one and probably the most reliable. Think of them like Fidelity or Vanguard - the broker you can use to buy/sell and manage your asset. There are other ways to buy Bitcoin or other cryptos, for advanced users only. I wouldn't recommend it.
Ethereum is a strong second place to Bitcoin in terms of crypto currencies. If Bitcon is gold, Ethereum is silver.
Any other crypto is extremely speculative and not worth your time unless you're highly dedicated and really know your stuff or you're just looking to play around with some spare money you don't mind losing. Think of the other cryptocurrencies like penny stocks.
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