(Crypto Games) A revolution in the gaming industry or a passing trend?

tusandii

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Quote from: ethereumhunter on July 01, 2023, 10:56:26 PM

Quote from: tusandii on July 01, 2023, 07:25:28 AM

-snip-

If we talk about NFTs, it will be different from gambling games in casinos except that it is in a decentralized casino and the casino has its own original games besides having a list of gambling games from third parties. But now the NFT game seems to have started to decline in trend and will be replaced by something new so he doesn't need to think about it too seriously. I also like games that generate bitcoins because that means we can collect bitcoins but we can't expect to get a lot of satoshi in a short time because the rewards are getting smaller now.

Actually, it's not much different from casino games because there are several casinos that have lottery games or bets where you can get a number of NFTs if you win.
But it is true that casinos are only decentralized ones whereas as for original games I believe almost all crypto casinos have their own original games.
Bitcoin games have been around for a long time and there are lots of options that you can play, but to generate Bitcoin from the game takes a long time because you have to collect little by little and this can be one of the ways you can invest in Bitcoin without having to buy it.
Maybe if casinos can develop such games it will be able to provide more interest for gamblers.

Doan9269

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Quote from: ethereumhunter on July 01, 2023, 06:58:51 AM

A crypto game that many people are currently playing, such as an NFT game? If that's what you mean, the game has grown big along with the development of crypto itself. And the crypto game these people play is different from the game in the casino because the game doesn't use the money to play, although later if they want to have some of the items in the game, they have to buy them. And the game is said to be able to make money for its users but I don't know for sure about that because I don't play it. I only play in casinos and so far, the gambling games in casinos have progressed from a few years ago.

I want to believe he's referring to the general crypto games regardless of the categories as long as it's included among the games we could play with the use of cryptocurrency other than fiat, if we look more closely to the world gaming circles today, we can discover alot of diversifications with online gambling ever since the emergence of cryptocurrency and most of the gambling platforms have also developed interest to go along with this development by making use of advanced way of gambling whereby crypto gambling is made more easier and more better than other forms.

coin-investor

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Quote from: bitbollo on July 01, 2023, 04:52:47 AM

I was going to ask the same! What is a crypto game? Roll Eyes

OP did not come back to explain what he meant by Crypto game, all I know about Crypto games are tokens that evolve around games, whether peer-to-peer or platform against player or players.
The popular one is Axie and DPET, there are many other PVE and PVP platform but because Axie losing its value in the market, I think we cannot consider it a revolution it is a passing trend already because all these PVP are losing their popularity.

ethereumhunter

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Quote from: tusandii on July 01, 2023, 07:25:28 AM

There are a lot of NFT games and after the hype NFT started more and more new games are popping up but now NFT is getting behind the train where few people are interested and most of the people already realized that NFT could have value a few years ago because of the hype and it seems the hype on NFTs will not be repeated which has led many to abandon them.
I myself prefer games that can generate BTC compared to NFT and there are several options that can be played even though I play just for the sake of trying.

But for entertainment and to try your luck gambling games are the main choice because they provide a satisfaction effect that cannot be obtained from other games.

If we talk about NFTs, it will be different from gambling games in casinos except that it is in a decentralized casino and the casino has its own original games besides having a list of gambling games from third parties. But now the NFT game seems to have started to decline in trend and will be replaced by something new so he doesn't need to think about it too seriously. I also like games that generate bitcoins because that means we can collect bitcoins but we can't expect to get a lot of satoshi in a short time because the rewards are getting smaller now.

Kemarit

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

Crypto games, did you know that gaming or at least online crypto based platform was one of the best used case of crypto especially bitcoin? So that's say it all, and even in it's young history, crypto gaming has become a billion dollar industry already and you can see that there are a lot of crypto based signature campaigns here, each everyone trying to gather the audience to play on their platform.

One challenges is that crypto based gambling though has revolved, not they are mandated to enforce KYC because it is one of the regulations. And for the majority of us, we don't want to submit our personal info regardless of online gaming platform or even exchanges.

tusandii

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Quote from: ethereumhunter on July 01, 2023, 06:58:51 AM

A crypto game that many people are currently playing, such as an NFT game? If that's what you mean, the game has grown big along with the development of crypto itself. And the crypto game these people play is different from the game in the casino because the game doesn't use the money to play, although later if they want to have some of the items in the game, they have to buy them. And the game is said to be able to make money for its users but I don't know for sure about that because I don't play it. I only play in casinos and so far, the gambling games in casinos have progressed from a few years ago.

There are a lot of NFT games and after the hype NFT started more and more new games are popping up but now NFT is getting behind the train where few people are interested and most of the people already realized that NFT could have value a few years ago because of the hype and it seems the hype on NFTs will not be repeated which has led many to abandon them.
I myself prefer games that can generate BTC compared to NFT and there are several options that can be played even though I play just for the sake of trying.

But for entertainment and to try your luck gambling games are the main choice because they provide a satisfaction effect that cannot be obtained from other games.

Doan9269

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

When we are playing games, the first thing that we are after is to get the satisfaction of having pleasurable time amidst our peers in a gambling station or while on their platform online, every since the introduction of cryptocurrency, many of this same gaming industries have switched to the use of crypto games to make their services more unique and acceptable by playing along the dictate of the development trends in financial economy whereby gamblers will now prefer the use of cryptocurrency in making payments for gambling.

ethereumhunter

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A crypto game that many people are currently playing, such as an NFT game? If that's what you mean, the game has grown big along with the development of crypto itself. And the crypto game these people play is different from the game in the casino because the game doesn't use the money to play, although later if they want to have some of the items in the game, they have to buy them. And the game is said to be able to make money for its users but I don't know for sure about that because I don't play it. I only play in casinos and so far, the gambling games in casinos have progressed from a few years ago.

bitbollo

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I was going to ask the same! What is a crypto game? Roll Eyes

Generally speaking I think that: Blockchain related businesses/games are in their "infancy" and so far we are only seeing "primitive/naive" applications.

For sure, any system that DO NOT require a third party, which introduce a new concept of "trust" through the use of blockchain, it is clear that will be the future or at least an innovation destined to remain and probably to gain more importance over the time.

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Quote from: Sanitough on June 27, 2023, 10:13:29 AM

Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

Please be more specific. What do you mean by "crypto games"?

Of course that OP should be a little more specific. I don't think anyone understands what OP really wants to know... about crypto gambling games (he posted in the Gambling section), crypto games where people can earn crypto, or it's crypto games where people can gamble with crypto (there was a Dragon's Tale, who remembers). So people give random answers and it looks like a mess already.

Quote from: Sanitough on June 27, 2023, 10:13:29 AM

If you are referring to games in a crypto casino, they are actually quite similar to the games offered in traditional fiat casinos. The main difference lies in the form of payment method. In fiat casinos, we use cash as the payment method, whereas in crypto casinos, cryptocurrency is used for transactions.

Yes, there are differences in payment methods, and I think we all know how much easier and simpler it's to gamble online with crypto and not fiat. But besides that, there is also "Provably fair" technology... The outcome of the game (dice, crash, limbo, and all other crypto gambling games) is provable, transparent, and verifiable.

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them?

At first, I thought you are talking about Crypto.Games casino but it seems you are referring to the blockchain and metaverse games. Only those great games is of course has a value and has the potential to succeed. There are so many of them being released on the past but only a few have survived. They are still striving hard because the trend for these types of games is not that hot anymore as before.

I like the idea of crypto games but they didn't change the gaming industry entirely. I think that's because the quality of crypto games are not yet on the level of the standard games that we have nowadays but in terms of features, they have a chance to win.

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Quote from: Casdinyard on June 27, 2023, 06:30:26 PM

Quote from: danherbias07 on June 27, 2023, 05:27:14 PM

I played different crypto games if you mean those with NFT features. I can tell there's always the bad habit of the coin's value going down as time flies by or as many players come in. I don't know why but I believe something is wrong and it should be the other way around. When demand soars, the value should go the same way but in my experience as many people are putting their money in, there are also many who will take advantage of it.
I have never seen a crypto game that I played yet with a value that stayed the same or increased. Mostly, either they fall down or they will be gone filing bankruptcy and there's no way you can reach the developers.
So if you are still interested in things like this, you might want to also take advantage of being the early bird. Take the ROI as fast as you can, make some profit, and then just enjoy the game.

I think this should be in the Altcoin Discussion.

I guess it's a two-way problem, which causes these NFT games to flop eventually even though from the start they may look promising. It's all about how they handle their tokenomics, and how they do not account for the capacity of the regular person to abuse the system to their advantage. Take Axie Infinity for example. right from the get-go when things aren't blowing up the game is doing fine as it is, able to bag in as much as 200 bucks per month even with just a regular team of Axies. It's when the grind movement came in that things start to go downhill, cause they didn't take into account the fact that players could easily abuse the energy system and the SLP tokenomics, which lead to what started as a bubble in the economy, until it crashed and inflation set in.

Older games are able to counter this by introducing scarcity, it's perhaps the lack of experience in the field that led to these devs overlooking these important factors that lead to their downfall. But it doesn't mean that the industry is failing or it's just a passing fad as they always say, you gotta break a few eggs to make an omelette.

I think that the problem with Axie Infinity is that they did not even try enough to attract people who may just get into their game for fun and not just to grind for money. If they focused more on the creation of an appealing experience and somehow managed to decrease the entry price for new players, then more people who would have been willing to pay for fun could have appeared.

They abused the play-to-earn tag on their product and brought themselves into a bubble. I really liked that project and I thought it had future.

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You are asking a vague question, here is a gambling board and you are asking about the crypto gaming industry. Crypto games are broad and there are also quite a lot of gambling games and they are also integrated with crypto.
You should change your thread title to ( Gambling Games ) A revolution in the gambling game industry. Asking about challenges, all games will have their own challenges, especially now that enough games have been released so that there are more rivals and games have better graphics and support all mobile devices.

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

You should have first clarify what crypto gaming is. If it is play to earn then it is not gambling but more of an investment. There's no betting procedures in p2e. The only some sort of gambling in such kind of game is lack of assurance to be profitable in a long run but that's way different.

Would it have impacts to gambling industry? I doubt. If P2Es would allow betting in form of player to player match, it might indeed make more sense but that's not something new in gambling industry. It'll just be in form of another kind of game but p2p exists already in this industry for years.

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This misses a lot of context. If you're referring to crypto games that involve NFTs or other such things, then I'd say nothing has changed for the better. There are some cool concepts here and there but nothing that is really useful for the whole industry in the long run. Some will gain attention and traction for a short while before being trampled by what's already established in the system. The system is okay as it is, and no new flashy and fancy crypto-related feature or thing has proved itself yet to be a mainstay in the industry.

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

For me, I think crypto currency is a ground breaking innovation, most especially in the gaming sector, and I see crypto gaming as one that have come to stay, online gambling have never remained the same since the introduction of crypto, like I've always said here, I don't think I would be a gambler as much as I am today if it wasn't for crypto currencies..

Crypto has made the area of deposit and withdrawal from gambling casinos so easy and fast now, one no longer have to go through a rigorous process just to withdraw or deposit fiat, and even at that, wait for days before the money reflect in the gambling account or show up on my bank account, even with a hefty fees deducted.
So personally, all I see in crypto currency gambling is pros and just pros, I have not actually seen any negative side that fiat currencies does not possess as well.

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

Do you mean games that use the nature of tokens/NFTs and center the game around it? Honestly removing the idea that they use tokens and assume that they just use a currency that's completely up to the player base themselves, any game that uses said model would have problems with regards to its economy. Why? Because a stable economy would be what most players want, and most of the time, the sudden influx of players would destroy that balance and would require again time to balance it out.

The existence of bots also destroys that economy. Now if you suddenly include the fact that said games use NFTs/tokens which reward players with real money, there would often be times when if the economy plummets to a certain degree, everyone just leaves, instead of trying to recover it. Those who are left would well, inevitably have a hard time trying to keep things afloat and would probably end up leaving as well sooner or later. It's probably a lot easier to manage stuff like this with games that don't involve rewarding players directly with currencies that can be sold for local currencies (USD), such as Albion, but well, it's another thing if it is.

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Quote from: CoinJoker69 on June 27, 2023, 08:58:55 AM

Today I would like to understand and find out your opinion about the real value and potential of crypto games. I am interested to know how much they can change the gaming industry, what challenges and problems are associated with them? Grin

I'm familiar with blockchain/crypto gaming that is done on-chain, and in my experience thus far, I'd say it has a lot of promises for the future but we still have the problem of scalability with current applications. I know this is a problem from the underlying blockchain but until we can solve that problem without forgoing security, the experience won't always be so great. Also, another limitation is the gas costs. It's unpleasant to play games or place bets on games when I get charged for the interactions and activities I do. It would be interesting to have unrestricted gasless gaming as we do in traditional gaming settings.

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Crypto gaming industry or crypto gambling industry? Because the two industries are now growing rapidly compared to a few years ago. And with technology that is also developing, it makes the industry both better and able to attract more people.

The challenges faced may still be around government regulations where there are taxes and KYC. And that makes crypto users uncomfortable and keep looking for less stringent services in carrying out their regulations. Perhaps, the problem that is still being faced is the problem of fraud that is still happening.

Perhaps, you need to explain in more detail what you mean so we can provide an explanation that fits your wants.

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Quote from: danherbias07 on June 27, 2023, 05:27:14 PM

I played different crypto games if you mean those with NFT features. I can tell there's always the bad habit of the coin's value going down as time flies by or as many players come in. I don't know why but I believe something is wrong and it should be the other way around. When demand soars, the value should go the same way but in my experience as many people are putting their money in, there are also many who will take advantage of it.
I have never seen a crypto game that I played yet with a value that stayed the same or increased. Mostly, either they fall down or they will be gone filing bankruptcy and there's no way you can reach the developers.
So if you are still interested in things like this, you might want to also take advantage of being the early bird. Take the ROI as fast as you can, make some profit, and then just enjoy the game.

I think this should be in the Altcoin Discussion.

I guess it's a two-way problem, which causes these NFT games to flop eventually even though from the start they may look promising. It's all about how they handle their tokenomics, and how they do not account for the capacity of the regular person to abuse the system to their advantage. Take Axie Infinity for example. right from the get-go when things aren't blowing up the game is doing fine as it is, able to bag in as much as 200 bucks per month even with just a regular team of Axies. It's when the grind movement came in that things start to go downhill, cause they didn't take into account the fact that players could easily abuse the energy system and the SLP tokenomics, which lead to what started as a bubble in the economy, until it crashed and inflation set in.

Older games are able to counter this by introducing scarcity, it's perhaps the lack of experience in the field that led to these devs overlooking these important factors that lead to their downfall. But it doesn't mean that the industry is failing or it's just a passing fad as they always say, you gotta break a few eggs to make an omelette.

Topic: (Crypto Games) A revolution in the gaming industry or a passing trend? (Read 190 times)