Is it valid to invest in a gaming projects? - page 5.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

I believe the trend of the so-called "play-to-earn" games is long gone at the state of the market. The biggest ecosystem of that sort games is Axie Infinity. They have got a very well done interface, thousands of collectible creatures, their have got their own wallet and Defi platform for people to swap their tokens for Wrapped Ethereum. In spite of all those advantages Axie Infinity had, the situation of the market has not been favorable for them since the trend and the hype of the market ran out. Why are we supposed to expect this project you are talking about is going to surpass or get more results through time?
I would be very skeptical before investing my money on any project whose main objective is to get into the market of gaming.
The only way I would even consider to invest would be if the project did not try to attract people by branding themselves as the new "play-to-earn" experience. All a good project needs to be successful for them to get attention is to deliveron what they promise, and for them to deliver on being a profitable experience in the long term, then it would take this game to have a massive fan base, full of people willing to spend money on the game, without expecting to make money out of it, just to have fun with it. Roll Eyes

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: jrrsparkles on January 31, 2024, 12:39:18 PM

I don't have any comment on the project mentioned in OP.

But to answer the context of this thread, gaming market is one of the biggest revenue generation and it's bigger than most of us thinking so a valid project with actual use case can become a thing but most projects launched related to gaming industry is just another bump and dump until now.

big market for gaming industry only for those AAA games usually the project that tries to integrate blockchain with game fails short because lack of funding as well as lack of talent, the game produced out was mediocre at best, its always like they are just trying to recycle some shitty game that are sold for less than a thousand and give some nft implementation and call it a day.
thats why i agree as you said its just pump and dump with gaming industry that uses blockchain and cryptocurrency as marketing purposes.
I don't really fancy them until now, but there are definitely some project that gained success but honestly i know that majority of the fundings are not sufficient.
building game is expensive, if a project raised only few millions, we will definitely not expect it to produce game as good as GTA V.

oktana

sr. member

Activity: 1680

Merit: 288

Eloncoin.org - Mars, here we come!

I find it suspicious how new accounts join the forum and post asking if it’s wise to invest in a project and then share their details. I think it’s shilling because all the topics have the same pattern, and all the time, it’s always a newbie account. I don’t think I’m the one who has noticed this but I’m saying it because it’s become too obvious. If I’m wrong and your question is actually real then it’s as simple as: Gaming niche projects are great to invest in, but research properly on which.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

You have already said that they're for quick gains and that's what you need to know and as for the project that you've mentioned, no comment as well. I'll just say that if ever that you're into this type of investments, you have to make sure that you really follow the movement of these projects not just on the charts but also the community and updates that they have. Many have lost a lot of money because they were too confident with the gaming projects that they have invested but resulted on a bad ending.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

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I don't have any comment on the project mentioned in OP.

But to answer the context of this thread, gaming market is one of the biggest revenue generation and it's bigger than most of us thinking so a valid project with actual use case can become a thing but most projects launched related to gaming industry is just another bump and dump until now.

electronicash

legendary

Activity: 3178

Merit: 1054

was it launched already? if a token doesn't have a high value or no big community behind it, the token will still be considered shitcoin like any other memecoins.
$SRPG token is not yet in the market and if it's only going to be listed in Pancake, then this isn't a big project as well.

but the new generation today are fond of playing games though so as long as they don't have something else to do that demands their time, playing games like this will be a better option.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

I think it is a good idea

Aside from it is something you can invest in, you might actually find it enjoyable and entertaining and like it said in its description there are a lot of earning opportunities not just in the form of investment

This types of projects will allow you to actually enjoy yourself while earning but note that you should still be careful and keep a level-head even when playing

Cryptojack0555

newbie

Activity: 1

Merit: 0

These days, the cryptocurrency market is going up, but many new projects seem to be not so great. About 90% of them are meme coins, just for quick gains and not really useful. However, there's that remaining 10% with interesting and unique concepts. It's tough to find them, though. I came across a GameFi project named "Insurrection," which is play-to-earn. It caught my eye because the game is already live, playable, and looks professional. What do you think about getting involved in a gaming project like this in the current market?
Website and Gitbook links are below:

Website: https://insurrection.games/
Gitbook: https://insurrection-app.gitbook.io/the-insurrection/

Topic: Is it valid to invest in a gaming projects? - page 5. (Read 792 times)