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Modded Borderlands 4 guns are being sold on Ebay, but the sellers aren't making much money
Game Updates

Modded Borderlands 4 guns are being sold on Ebay, but the sellers aren’t making much money

by admin September 26, 2025


Modded Borderlands 4 guns and equipment are being sold on Ebay with tailored gun parts and effects. However, as of writing, it doesn’t appear this grey market of modded loot is particularly profitable.

Ebay – a public e-commerce marketplace – is no stranger to gaming related side hustles, with numerous account, cosmetic, and service sellers setting up camp there over the years with the release of popular online video games. Eurogamer reached out to one Borderlands modded gun merchant to find out how it’s going.

“It is fairly difficult to do as they have included a new encryption method to the guns this year that makes doing specific builds very very hard and will take, I would imagine, a long time to get perfected” states one Borderlands modded weapon reseller to Eurogamer under anonymity.

Check out the Borderlands 4 story trailer here!Watch on YouTube

This new encryption method implemented by Gearbox not only makes the act of modding the exact weapon you want difficult, it’s also making prospects of profit for resellers unlikely due to the cost of getting the decrypted values for weapons people will actually pay for. When asked how successful business is, the seller told Eurogamer:

“Not very successful. I’ve sold maybe three or four since release, which is around £15 to £20, which doesn’t even cover the costs to build the guns, but I don’t do this to make money or profit.

“To make the modded guns you often need to pay for tables that data miners have made that breakdown gun parts. Each part of the gun has an encrypted value, so does the rarity, manufacturer, level etc and the tables can be expensive to buy at around £50 to £100.”

As such, at the moment, it appears that the grey market for selling modded Borderlands 4 loot is more for the hobbyists rather than those looking to make a buck from a hot new release (unless you’re a data miner able to sell off valuable info, rather than the sought after weapons themselves).

Whether or not this will become a great problem as time goes on, and more of the game’s loot encryption is broken down and made publicly available, remains a potential problem for the future. Although as a PvE game, the modded gear seller made an argument for why the practice of modding isn’t doing any harm:

“Borderlands games have always been modded and I’ve modded them since Borderlands 1 and every game in between. It’s a huge part of why I love the games so much.”



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September 26, 2025 0 comments
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Decrypt logo
NFT Gaming

Ethereum Treasury Aims to Foil Short Sellers With ‘Loyalty Payment’ as Shares Trade at Discount to Holdings

by admin August 18, 2025



In brief

  • BTCS is paying investors a “loyalty payment” to make shares illiquid.
  • The company’s shares are trading below the value of its crypto holdings.
  • BTCS CEO Charles Allen said short sellers are targeting the firm.

Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that it would help them foil Wall Street short sellers.

Those who hold BTCS shares with the company’s transfer agent will receive a “loyalty payment” of $0.35 per share in January, the company said in a press release, while unveiling a $0.05 dividend that will be payable in Ethereum in September as well.

BTCS shares rose nearly 9% to $4.81 on Monday, according to Yahoo Finance. Shares have cooled from a three-year high of $8.49 last month but are still up 83.4% year-to-date.



BTCS’ shares trade at a discount relative to its crypto holdings. Although the company held 70,000 ETH worth $303 million on Monday, its market cap stood around $215 million, yielding a so-called mNAV of 0.75, the lowest among firms tracked by Strategic Ethereum Reserve.

Experts say that discounts can spell danger for crypto treasury firms, constraining their ability to raise funds in a way that would increase the amount of crypto they own per share.

BTCS CEO Charles Allen told Decrypt on Monday that the discount stems from hedge funds betting on a drop in BTCS’ stock price, as opposed to a lack of investor confidence in BTCS or its $100 million Ethereum-buying plan unveiled last month.

“People are betting against us,” he said. “If 90% of our shares are held by retail shareholders in four brokerage firms, and those brokerage firms pull all the shares together and loan them out to the short sellers, [then] we have a major problem.”

BTCS’ short interest represented 7.4% of the company’s float, according to Fintel. That was relatively higher than Ethereum treasury firms BitMine Immersion Technologies and SharpLink Gaming, totaling 4% and 6.5% on Monday, respectively. 

Allen’s call for investors to move shares to “book entry” with the company’s transfer agent is reminiscent of a scheme devised by GameStop’s community, in which the meme stock’s devotees organized to directly register shares with Computershare.

By registering shares with the company’s transfer agent, investors can effectively restrict how those securities are used. Platforms like Robinhood and Charles Schwab typically allow customers to opt out of stock lending programs, albeit to varying degrees of difficulty.

As BTCS shareholders tap the company’s transfer agent, the hope is that “shares available to borrow are going to get squeezed out,” making it more costly to short the stock, Allen added

BTCS uses an Equity Stock Transfer agent as its record keeper, and Allen acknowledged that there may be drawbacks for certain investors because they can’t readily sell their shares. Processing a transfer may take three to five business days.

Allen noted that BTCS, established in 2013, runs Ethereum validators and a block-building business, in addition to its Ethereum treasury strategy. The company has also leveraged decentralized finance protocols, such as AAVE, to raise capital, he added.

BTCS shareholders have to fill out a form on the company’s website and provide a digital wallet address in order to receive the dividend, dubbed a “Bividend,” in the form of Ethereum. If shareholders take no action, they will receive $0.05 per share through traditional means.

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August 18, 2025 0 comments
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Shaurya Malwa
NFT Gaming

Golden Cross Fails to Lift DOGE as Sellers Overwhelm Rally

by admin August 18, 2025



Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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August 18, 2025 0 comments
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