NVidia FIX
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If you have NVidia videocard you might end up getting stupid black boxes, here's the fix for that:
1. Download the Nvidia 1.2 Patch of FFVIII
https://safelinking.net/p/a2686e4c14
2. Download Microsoft Visual C++ 2008 Redistributable Setup /(You will need it if u want to run ff8 launcher v.1.31)
http://www.microsoft.com/en-us/download/details.aspx?id=29
3. Finally Download FF8 Launcher v.1.31
https://safelinking.net/p/0e5a7affd3
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How to use it:
1. Unrar the Nvidia patch into game directory (replace all of the files)
2. Install Microsoft Visual C++ 2008 Redistributable Setup
3. Unrar FF8 Launcher v.1.31 into a folder of your choice.
(I put the files in the game directory)
Note: the launcher files shouldn't be put in the game folder directly, but to any other folder even as a subdirectory of the game folder itself.
4. Run FF8_Launcher.exe (Run as Administrator), choose your resolution,
activate 8-bit pallets texture fix and if you're using a widescreen
resolution also activate Stretch 4:3 Aspect Ratio.