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Why are we still dealing with the primitive way weapons are holstered? While graphics and detail continue to increase, we still seem to be stuck with this "floating sword" laziness. What's really amusing is the fact that an old game like Nintendo 64's Zelda (late 90s) can do it just fine, whereas a post-2011 MMO title cannot.
The first MMORPG that I've really seen a holstered weapon work was in the Age of Conan Beta: AoC Beta Sword Sheath Video - It looked and worked great. However, it was scrapped because of clipping issues via character sizes etc.
I understand the concern for graphical clipping. However, there are other ways to make this work. For instance, having two 3D models of each weapon (one that is shealthed or holstered and one that is not). Moreover, it's not completely necessary to have a character animation that holsters the weapon. Aion had a unique way that transferred a soldier's weapon to his back without any character animations at all. It worked.
I think that it's time to get rid of "floating weapons".