Ubisoft Quartz NFTs only made $2,392, likely hurt by higher supply

The $164,000 success with Konami's one-of-a-kind Castlevania NFTs proves that Ubisoft's Quartz NFTs were hurt by massive supply.

@DeekeTweak
Published Fri, Jan 21 2022 4:31 PM CST   |   Updated Fri, Feb 18 2022 4:01 AM CST

Some of gaming's biggest names are getting into NFTs, but not all of them have been successful.

Ubisoft Quartz NFTs only made ,392, likely hurt by higher supply 4444 | TweakTown.com
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NFTs are the latest monetization scheme that could make big waves in gaming. The market is particularly appealing for the likes of Konami and Ubisoft, who both have a wealth of characters from wholly-owned IPs to use as collectibles. Both companies have tried their hands at NFTs but only one has succeeded.

Konami's Castlevania NFTs have been quite popular, generating over $164,000 in auction on OpenSea. Ubisoft's Quartz NFTs, however, have been the opposite. The Quartz NFTs were minted as in-game cosmetics in Ghost Recon Breakpoint that could be auctioned and re-sold on platforms like Rarible and Objkt. Ubisoft Quartz NFTs have significantly higher supply than Konami's NFTs, with hundreds and even thousands of Quartz NFTs minted out versus the one-of-a-kind items minted by Konami.

Ubisoft Quartz NFTs only made $2,392, likely hurt by higher supply 232323 | TweakTown.com

Ubisoft Quarts NFTs - 6,000 total NFTs

  • P320 Sentinel - 3,000
  • Wolf Enhanced Pants - 750
  • Wolf Enhanced Helmet A - 250
  • M4A1 Tactical Wolves - 2,000

Konami Castlevania NFTs - 14 total NFTs

  • Castlevania - Dracula's Castle Pixel Art
  • Castlevania - Highlights
  • Castlevania: Circle of the Moon - Main Visual Art Global ver.
  • Castlevania: Circle of the Moon - Main Visual Art JP ver.
  • Castlevania - Holy Water VS Dracula
  • Castlevania - Vampire Killer
  • Castlevania III: Dracula's Curse (Family Computer ver.) - Beginning
  • Castlevania - Watch VS Queen Medusa
  • Castlevania III: Dracula's Curse (NES ver.) - Beginning
  • Castlevania - Boomerang VS Death
  • Castlevania II: Simon's Quest (Family Computer ver.) - Bloody Tears
  • Castlevania - Axe VS Phantom Bat
  • Castlevania: Simon's Quest (Nintendo Entertainment System ver.)
  • Castlevania - Dagger VS Frankenstein & Igor
Ubisoft Quartz NFTs only made $2,392, likely hurt by higher supply 76 | TweakTown.com

Whereas Konami's NFTs have one singular listing with buy now prices, gamers were left to fend for themselves with Ubisoft Quartz NFTs, resulting in people testing the waters with experimental prices. Without a set price or a direct parent listing, Ubisoft's Quartz NFTs were fragmented into listings with speculative pricing based around higher supply.

The results have been quite poor so far: Ubisoft Quartz NFTs have achieved just $2,392 in combined sales across both Rarible and Objkt, likely due to the watered-down demand from the higher supply. That's 98% less than what Konami has made with its Castlevania NFTs.

This teaches us two things: Ubisoft's platform was mired in controversy and in-game cosmetic NFTs may not be the proper way to tap the market, and that speculative price markets don't mesh well with high supply and low demand.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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