Topic: Is it just me or we getting bored of GameFi ? (Read 116 times)

Game-fi in crypto = 2004 PlayStation 2 games.

It's kinda stupid when there are still people who interested to play this shitty game. We're living at 2024. It's enough to prove how lazy, greedy, and incompetence the crypto game-fi developers.

I'm feeling these stupid game fi developers were buying garbage games. They rebrand it as a crypto game, they fool people by using the word of play to earn, milking people, release token, dump it, cash out the money.

Enough is enough to deal with crypto Game-Fi. It's all scam!

Game-fi in crypto is a joke.

That sounds like a model in which players are intended to be a profit-centre rather than a cost.

In order for players to earn, there have to be earnings; players are a cost, eating into profits.

One of the innovations used in the Galactic Milieu is to position games as a form of middleware intervening between the players as a cost on one side and a spigot or faucet or whatever of earnings on the other side.

That does mean the players could in principle disintermediate that middleware, going directly to the spigots or faucets or whatever the game is using to obtain funds for the players to earn.

The hope is that playing is more fun than searching for spigots and faucets and such that actually work.

For example if an oracle existed that could identify profitable meme-coins in time for the game to profit from them, the game could profit from meme coins the oracle informed it about while potential players might not have such an oracle thus might choose leaving the finding and using of such oracles to the game and just go ahead and play the game rather than try to figure out how to find or build such an oracle themselves.

If a bunch of VCs or angel investors with more money than they know what to do with wanted badly enough to play a particular game that is going to need a certain number of players to run and keep running, they could choose to hire people to run (aka play) it for them.

They would have an incentive to develop bots to play it if running such bots would be cheaper than hiring humans to play it.

They might even allow other players to also run bots, in order to get as many characters, nations, currencies, assets, businesses, civilisations and so on and so on and so on up and running actively in the game as possible without needing an entire human player or even more than one human player per each such thing. Another measure to make it less expensive to get enough whatevers going on in the game as they feel it would take to keep it interesting enough, challenging enough, fun enough etc etc etc for them to bother playing it.

So hey, take a bunch of wealth, set it churning out profit, then use some of the profit to develop and deploy a play to earn game that not only serves as an expense to lower your taxable income but also gives you a truly absorbing and interesting pastime...


-MarkM-

Almost all of the new projects and trendy things are there to try to lure you into the web of - give us some moneh -.
AI agents went even further and are straightforwardly tied to the tokens that they represent.

Last time I enjoyed a gamefi project. The game plus the tokens was around 2022 during Axie infinity and the rest. But the number of gamefi projects that' has launched in the last one month is high and could mean something.. Take for example Xterio, almost all the Kols are talking about it, seems the team is Doxxed and they've garnered support from exchanges too. https://x.com/XterioGames/status/1876934230141546852?t=-bXJ22p5iHgy5O6XGrG-Ag&s=19 Let's see if this could cook

There are no innovations in GameFi other than trying to find new ways to pull an extra dollar out of the wallet of gamers. So obviously things are getting stale and nobody is getting excited about that...

Most GameFi projects are little more than Ponzi schemes. A closer look at their economic models often reveals significant flaws and loopholes. Many of these projects are merely games in disguise, prioritizing the 'Fi' (financial aspect) over the creation of truly high-quality gaming experiences.

GameFi at it's peak, felt like a breakthrough offering players new ways to earn while having fun. But now many projects are just copying what's already been done which makes it hard to get excited. It's almost like the space has become more about launching the next big "earn" model instead of truly innovative games. And let us be honest that most of these games struggle to keep players engaged once the novelty wears off.

tbh, this is what I also think about the state of current GameFi, just recycled game, sometime same concept but reskinned, it's boring indeed, but gamefi has always been boring from the start, most of the game are unfinished game with terrible UX, they just integrate blockchain and call it a day, it's also the reason some gamers hate blockchain games.
as of now, it seems most of gamefi just trying to milk what's left, there are still plenty of VC as well consistently investing into these gamefi and I personally just don't understand why.

as of now, despite my frequent interaction with gamefi in the past, I've rarely touched game fi in this bullrun, maybe never.

Saturation is the best word to define the present situation. GameFi has a lot of potential but almost nothing has been realized. The play to earn concept is a golden goose if used right but most of these projects just Integrate blockchain in order to get people to play their otherwise subpar games while in reality the integration is supposed to be a huge boon to the project but not everything.

Xterio on the other hand isn't too bad, I checked it out when I read that its ecosystem enables seamless integration between multiple games still a lot more work can go into the project since they already have a pretty solid foundation. We should see an improvement to the project soon though since it's token recently got listed on both Bitget and Bybit, it has some unrealized potential.

Surely it is not just you, gamefi is becoming boring because there aren't really any new concepts out there, most of them are repeated and there aren't really any good results so far and the userbase is not considerably at growing rate.

I recently checked a new token that I liked the idea, I have checked it out and it was exactly (literally 1to1 copy) of what I have previously invested and bit the dust, so it was nothing to do for my portfolio, but I kept checking their social media and there was so little amount of active people and then it ended up being something much worse because it also costs a lot to start as well. Go check most platforms and you will see that we ended up seeing much worse situation and this is why I believe that we could see this changing with time as well so we shouldn't really make a big deal out of this because if it's bad then there must be a reason behind it, nothing more to do about it.

Honestly when I first got started in this space ; GameFi was really my top pick . Maybe it’s because I really love to play games , but seeing how most of my portfolio is going down .. yea I have a few BTC not so much tho , recently not hodling so much this year.. anyways I really wish we will have GameFi up and running again

Gamefi is losing its spark because of few reasons. A lot of games focus on making money and not being fun so when the earning part fades, players get bored. Many projects also don't live up their promises that leaves disappointment to people. There are so many similar games now and people want something new and exciting. Without real  innovation it is hard to keep people interested.

You felt and see it. That's how it is going for the most, the community is getting bored with these gamefis and that's why we're seeing eras of this ending. The space will adapt it and later on drop it. We're always having these trends at the peak of it but then when the community decides to get into the new things, we're getting there. And with this reason, this makes the gamefis and other trends start to lielow and people that have believed on it gets disappointed because they have invested heavily on it. That is the reason I don't invest a lot on them anymore and instead, holding Bitcoin and a few top altcoins seems to be the better choice but I do explore into new projects still.

Most of so-called GameFi is boring; usually just another "memecoin" in effect, or another massive spewing of "memecoins".

I am curious though what you think about the Galactic Milieu in this connection; it kind of seems like either it was forever intrinsically boring from the start or never caught the attention of any denizens of this forum who control marketing machines capable of pouring toward it any marketing such folks might think to be helpful in making their investments thrive, or is giving its players far too much incentive to keep it to themselves and discourage new players, maybe seeing new players as too much competition for slices of a pie more profitably kept to oneself...


-MarkM-

It’s hard not to notice how GameFi has shifted over the years. Back in the days of Axie Infinity and Heroes of Mavia, there was this raw excitement. Projects didn’t just feel like games; they felt like revolutions. Now? Every other week, there’s something new trying to grab attention like Xterio, for instance. Free-to-play-and-earn, AI tools, NFT marketplaces, it’s all starting to sound the same.

Don’t get me wrong, innovation is good. But is GameFi losing its spark? It feels like the hype that once drove this space has cooled. Maybe it’s saturation. Maybe it’s because many of these projects struggle to live up to their promises. Or maybe the novelty of combining gaming with blockchain has worn off for most.

Lately, I find myself wondering if GameFi has just settled into a cycle of repetitive concepts. Am really getting bored tbh, Everything feels like a remix of what came before and nothing seems to hit the way Axie or Mavia once did. Maybe the space needs less noise and more substance to really capture attention again. What do you all think?