Let's talk about p2e games and what awaits in the future

blockman

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Quote from: Road21Bitcoin on September 03, 2022, 09:49:25 AM

The hype for Play to Earn is over! As far as I remember I lost $800 + investing in these games Axie Infinity, Plant vs Undead, Polkamonsters, I forgot the names of the others.

I have invested more than yours and although there were some gains if I'll compute together with the scholarship programs that I've given, I'd say that I'm at least break-even but to think that I've given profit to the scholars, that's what will fill the break even.

Quote from: Road21Bitcoin on September 03, 2022, 09:49:25 AM

I already learned my lesson: never invest your money into Play to Earn games; it's just a waste of time.

I also learned mine and it's the hard way. And these things were not just all about P2E investing but also being helpful at all times isn't good coming to the point that you're going to use your finances and a part of your investments. That didn't do good for me but I didn't regret that as it's part of investing and the trend that came. I just let it pass and hoping to recover somehow through my other ventures and investments.

Silberman

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Quote from: goaldigger on September 04, 2022, 04:21:40 PM

Quote from: inanilujimi on September 03, 2022, 08:45:56 PM

Having fun while earning money is something that many people want, which is why P2E was created but in the long run if the game doesn't get a lot of adoption from the community it will easily lose its value. this for me is just hype, anyone who gets information quickly can make a profit but if you enter when all the hype dims it will be difficult to get back up.

Many actually adopt P2E just because of the money that they can get, but it turns out that while playing the game in the long run, the reward slowly decreases and it happened with many games before that’s why many investors loses their trust with P2E, look at what happened to Axie. I believe P2E should have a better system where they can assure a good and profitable platform as well. The future is still there though, they just need to be good again for now.

The issue is that this is something impossible to guarantee, lets look at bitcoin the best and most trusted coin in the market, despite all the good characteristics surrounding bitcoin and the real possibility of making profits the bitcoin developers give no guarantee at all that you will make money, that is up to the bitcoin user and if they happen to lose then they have no one else to blame, so if that is true for bitcoin I do not see how the developers of P2E games can make any guarantees like that.

serjent05

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Quote from: goaldigger on September 04, 2022, 04:21:40 PM

Quote from: inanilujimi on September 03, 2022, 08:45:56 PM

Having fun while earning money is something that many people want, which is why P2E was created but in the long run if the game doesn't get a lot of adoption from the community it will easily lose its value. this for me is just hype, anyone who gets information quickly can make a profit but if you enter when all the hype dims it will be difficult to get back up.

Many actually adopt P2E just because of the money that they can get, but it turns out that while playing the game in the long run, the reward slowly decreases and it happened with many games before that’s why many investors loses their trust with P2E, look at what happened to Axie. I believe P2E should have a better system where they can assure a good and profitable platform as well. The future is still there though, they just need to be good again for now.

Game Developers adopted the idea of p2e because of the possible money they can get if their NFT character sold out. Only a few games do not ask for initial character sales and I salute them. All the expenses for the type of game I mentioned are optional, they are in-game purchases and I think it is reasonable to sustain the game development and the game service. While other p2e forces their player to invest first before playing, and that I think is a dirty tactic since once a player spends money, there is no refund. And player will get tired of this kind of P2E games and other decent game will be affected for sure.

So I think the P2E future is a bit grim due to many P2E asking lots of money from the player before letting them have a game experience. And Player including me is very much annoyed by it.

goaldigger

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Quote from: inanilujimi on September 03, 2022, 08:45:56 PM

Having fun while earning money is something that many people want, which is why P2E was created but in the long run if the game doesn't get a lot of adoption from the community it will easily lose its value. this for me is just hype, anyone who gets information quickly can make a profit but if you enter when all the hype dims it will be difficult to get back up.

Many actually adopt P2E just because of the money that they can get, but it turns out that while playing the game in the long run, the reward slowly decreases and it happened with many games before that’s why many investors loses their trust with P2E, look at what happened to Axie. I believe P2E should have a better system where they can assure a good and profitable platform as well. The future is still there though, they just need to be good again for now.

Xal0lex

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Quote from: uneng on September 04, 2022, 01:28:02 PM

The year of 2022 isn't a good year for new projects' development. When the market is bearish, people tend to put less effort in creating new content, because they know the demand is going to be low, so is the profit. There are options for those who enjoy the games, but from profitability point of view there is none. You will end spending a lot of time, while not earning a decent amount of money in counterpart.

In some years it's likely the play to earn niche will be more mature and sustainable than it is right now, so we have to wait and continue filtrating projects that become available for us from times to times.

This is certainly all true, but those projects that come out during such periods, they often carry enormous potential and a very low price to enter. Many users turn away from such projects and consider them frank garbage, because after listing the price of tokens constantly falls and can very quickly depreciate by several times. But if you delve deeper into the essence of the project, you can consider the so-called hidden gem, which can bring great profits.

uneng

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The year of 2022 isn't a good year for new projects' development. When the market is bearish, people tend to put less effort in creating new content, because they know the demand is going to be low, so is the profit. There are options for those who enjoy the games, but from profitability point of view there is none. You will end spending a lot of time, while not earning a decent amount of money in counterpart.

In some years it's likely the play to earn niche will be more mature and sustainable than it is right now, so we have to wait and continue filtrating projects that become available for us from times to times.

worle1bm

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There are some projects that are making progress but if you look in the bigger aspects then most of them are running on fake promises and roadmaps that they will come up with a game as beta version but in reality it takes a lot of effort and gameplay to build an interesting game mechanics.

Then the important part is how the token economic has been implanted in the game and what utility it will provide that derives the price of the tokens like Axie Infinity has huge players base and token price was very high but in bear market it's affected but it will rise afterwards so choose the projects wisely.

Silberman

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Quote from: icalical on September 03, 2022, 07:40:05 AM

Quote from: Widdop37 on August 31, 2022, 06:01:14 AM

Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.

I think most of those P2E crypto fall in price because all of them is basically the same, they just in different packaging. Most of them are just a similar or even identical MMORPG that rewards the player with collectible in game item. The player just move from other P2E game to another and make a profit from the greater fool thery, the one who come first will make profit the other will suffer some loss. What the P2E games developer need to do to be successful and stay for long term is find something new kind of game and concept.

Yes but that will require talent, skill and an interest in the games that they probably do not have at all, so it is easier for those developers to release a bunch of games that are not really that interesting and hope that at same point one of those games will become popular and they can make money with them, it is not really a good approach but since it seems many people keep falling for it they do not see any reason to offer more than what they are offering already with their P2E games.

inanilujimi

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Having fun while earning money is something that many people want, which is why P2E was created but in the long run if the game doesn't get a lot of adoption from the community it will easily lose its value. this for me is just hype, anyone who gets information quickly can make a profit but if you enter when all the hype dims it will be difficult to get back up.

X-ray

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Quote from: fzkto on September 03, 2022, 01:47:44 PM

I think the p2e phenomenon will not be long term, because all these games have too strong inflationary model, when every player earns coins, its end up devaluing. And then you can also add the fact that all these games have terrible gameplay and SegaMegaDrive graphics. I think only school kids and development geeks are interested in this.

They are still survive till this time but the only thing that makes it become different is if their play to earn tokens have been decreasing a lot unlike the main token that has fixed supply and play to earn token has unlimited supply which lead to the a very high inflation. The dev has no chance to replace it with a fixed mechanism as well. Im sure that play to earn can survive but with its token dumped so hard.
The point is as long as it has users and it will always be survive but the thing is play to earn token has become a target for the dump by grinders

TimeTeller

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Quote from: Orange89 on September 03, 2022, 06:17:09 PM

Well nowadays it is really difficult to say which P2E game will beneficial it maybe for the quite a few reasons like Bearish Market, No huge team behind... Personally i think the Hype of the P2E game definitely decreased it maybe as their are alot of scam p2e project that's circulating and everyone wanted to be on safe side

It is Really easy to find the best P2E project simple go to with Hyped one and leave it when you make decent profit as I think P2E project don't last long like an year or so example like summorie, Sandbox, Axie ... It maybe as people don't like to talk about it that's my opinion about P2E we should wait for Bull run probably

Or better yet, look for the company behind the P2E gaming platform.
If it is created by known and big company, it may survive long.
But if the gaming platform is launched out of nowhere, and the team behind is anonymous.
Better be cautious spending good amount of money on them, because the lifespan of this may be short.

Orange89

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Well nowadays it is really difficult to say which P2E game will beneficial it maybe for the quite a few reasons like Bearish Market, No huge team behind... Personally i think the Hype of the P2E game definitely decreased it maybe as their are alot of scam p2e project that's circulating and everyone wanted to be on safe side

It is Really easy to find the best P2E project simple go to with Hyped one and leave it when you make decent profit as I think P2E project don't last long like an year or so example like summorie, Sandbox, Axie ... It maybe as people don't like to talk about it that's my opinion about P2E we should wait for Bull run probably

samcrypto

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Quote from: BitDane on September 03, 2022, 04:57:27 PM

True, most P2E today is acting like a Ponzi Scam. You buy this, play some round and you get paid. Where does this payment come from? From the codes that has no value until a new investors comes in to buy the token. Is there any usage for the token in RL, no. In short the life of the P2E games relies on its new player that is willing to invest in the game. Take a look at Axie infinity, it is said to be the most successful P2E games but where it is now? Only the developer and early investors profited. Those who got in during the peak is at a great loss.

Sad to say but it’s true, most of the P2E before are already struggling to survive right now, some still require huge amount of capital just for you to earn some which is still not enough for the return of investment. Axie is a big disappointment, the way they update the game play before affects the whole system that’s why they lose their value. Today, I can’t see any good P2E that is worth investing again, I think their future is at risk and if they remain on that situation probably P2E will just be part of our history.

BitDane

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Quote from: ryzaadit on August 31, 2022, 12:35:44 PM

What most P2E project need to provided is, how the burning system gonna work for their project.

Most problem for P2E is selling pressure, the player will focused to get their investment back first after that looking a profit. So, no matter what price of the token they're gonna to sell the token make the market of that token have more token in the market rather than buying demand.

So, until now most P2E project cannot provided this common problem for P2E project. That's why, most the token value is always dropped. If you investing on P2E Project, holding the token with a long term is not recommend.

Because the game it self always generated a new token.

True, most P2E today is acting like a Ponzi Scam. You buy this, play some round and you get paid. Where does this payment come from? From the codes that has no value until a new investors comes in to buy the token. Is there any usage for the token in RL, no. In short the life of the P2E games relies on its new player that is willing to invest in the game. Take a look at Axie infinity, it is said to be the most successful P2E games but where it is now? Only the developer and early investors profited. Those who got in during the peak is at a great loss.

BIT-BENDER

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Gaming itself has always been a thing we can all regard as exciting and good gaming always draws in a good Number of people to itself, P2E play to earn gaming is actually a good innovation it's a sector in the crypto-currency world that has futuristic potentials but few restrictions are hindering it.

#misuse: Far too many new projects are setting up play to earn gaming, it's attractive and project teams and Developers see this possibilities so they add it to their project.

# low quality: too many projects adding play to earn gaming and many of them are low quality, I have been optioned to play some and it wasn't worth it, this generally has discouraged me from trying out more and so would it discourage other too.

Even though the play to earn gaming is a possibility on the rise having issues like this could quickly snuff out its light.

cheezcarls

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I think it's about changing the narrative.

These games were suppose to be for fun and not for making a living. Before the P2E trend started, there were tons of gamers worldwide who have spent hundreds or thousands of dollars for these games like skins, bundles, etc., without expecting anything in return even if the game shuts down in the near future.

Because of the term "play to earn" or "P2E" itself, it's not sustainable and draws a lot of criticisms and being hesitant to engage themselves in the play to earn space. The Gamefi industry should now focus on what games were really meant to me, which is for fun. Crypto, NFT, etc., should only be treated as bonus perks on top of having fun playing these games.

It's time to remove this term instead but we can retain "GameFi" to condition the minds of gamers letting them know that these games are only for fun. It's just that the edge of Gamefi is that we own the skins, bundles, etc., in the form of NFTs.

Just my opinion guys.

dothebeats

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P2E games are a thing of the past. It obviously wouldn't work in the long term, especially if the community is focused so much on gains and profit for themselves without even reinvesting some of their earnings back to the ecosystem. Also, what most P2E devs failed at on their games is that it's solely focused more on giving the players rewards without thinking of how to balance the economy. The ending? The game fails, and the value of the game's token tanks like there's no tomorrow.

For those wanting to play P2E games, better invest early and get profits as early as you can then get out. It's like an HYIP with extra steps at the end of the day Cheesy

fzkto

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I think the p2e phenomenon will not be long term, because all these games have too strong inflationary model, when every player earns coins, its end up devaluing. And then you can also add the fact that all these games have terrible gameplay and SegaMegaDrive graphics. I think only school kids and development geeks are interested in this.

Xal0lex

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I don't know about these specific projects, but I'm sure the play-to-earn industry, in conjunction with NFT and meta universes, will continue to grow and invest well. I've recently been reading a couple of analyst reviews that give statistics about the increase in interest and development in the play-to-earn industry. By the next bullrun, for sure projects in this business model will grow. I'm not sure if the old projects that came out last year will grow, but still, the industry is not dead. Likewise, I am not sure that in the next bull run these projects will not be used only for speculation. After all, the crypto industry is still too young and most investors are only interested in profits, not real application of the technology.

Road21Bitcoin

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The hype for Play to Earn is over! As far as I remember I lost $800 + investing in these games Axie Infinity, Plant vs Undead, Polkamonsters, I forgot the names of the others. I already learned my lesson: never invest your money into Play to Earn games; it's just a waste of time.

I have invested $50 to this project: https://synergyofserra.com/ and still I'm waiting for months when this game is playable.

Topic: Let's talk about p2e games and what awaits in the future (Read 235 times)