Play-to-Earn games on ETH: What's the catch? - page 2.

ultrloa

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Quote from: Ararbermas on November 20, 2021, 10:56:09 AM

Quote from: gwdf1 on November 19, 2021, 09:58:19 AM

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

yup i agree with you mate.. Because you know knowing that most of the source of income nowadays is through online games especially NFT'S since 2019, perhaps it's impossible to fail..indeed NFT's will not become most popular around the internet if such kind of blockchain games will not work good and can't guarantee good return from gamers after all.. So it has a very strong support now, and it will not fail and for sure there's a big improvement of blockchain games in the future because of that reason.

Well for project owners who ride the hype of NFT maybe we can see them prosper knowing that many people seeking for opportunity to earn online and this NFT is one of their option that's why many people invest on them. But for thinking that it will never be fail then somehow we should think according on what we see on the current trend where many rug pulls happening so expect about this so that you will not end up waking imagining your profit but in the end you get caught by scams and never retrieve back your money.

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Quote from: gwdf1 on November 19, 2021, 09:58:19 AM

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

yup i agree with you mate.. Because you know knowing that most of the source of income nowadays is through online games especially NFT'S since 2019, perhaps it's impossible to fail..indeed NFT's will not become most popular around the internet if such kind of blockchain games will not work good and can't guarantee good return from gamers after all.. So it has a very strong support now, and it will not fail and for sure there's a big improvement of blockchain games in the future because of that reason.

Bttzed03

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Quote from: makishart on November 19, 2021, 10:26:56 AM

~ it's not only passively playing the game to earn nothing. that's only making us feel tired.

Quote from: minhtra on November 20, 2021, 05:30:39 AM

Catch is your time

Apart from tx fees and price volatility of the native/in-game token, that's the other catch especially for those who are just starting. It can become passive though because there are games like Axie which allows you to sponsor other players and do the daily grind for a share of the profit. Some game NFTs can be staked too.

Quote from: Abiky on November 19, 2021, 09:52:27 AM

~ How does the game generate revenue by itself? I suppose it's not out of thin air.

I think this should have been given more emphasis in the OP. Each game economics is slightly different from others and you can usually find them written in the whitepaper.

In one game I know, the tokens used for creating a character goes to a reward pool and redistributed to players. The team doesn't really make money from that but it helps make the game sustainable.

aprilnot

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts? Huh

if it is on the ethereum network it is not profitable. but it's different if in other networks that have cheaper transaction fees. it can generate income for those who play it. and I doubt that during a bear market, such games will fail. because as long as someone is still playing it, they can survive in a long bear market though. so the focus of P2E game developers is how they keep game users still playing.

minhtra

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Catch is your time

Oasisman

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Quote from: Xxmodded on November 20, 2021, 04:53:32 AM

Usually all play to earn game have network with BSC so far I know and never found with play to earn game using ERC or ETH coin network, maybe any one have new play to earn game and still early for playing? I am not really trusted with play to earn game have running more than one months except with AXIE game have much salary to buy hero character.

We kinda have the same thoughts.
Most of the play to earn games or NFT games doesn't seem to have a long term economic perspective injected to the game.
Unlike Axie who has a more competitive and possess a long term plans in terms of economic aspect.
I could've been invested more into the play to earn games that came out today, but I just don't want to trust their system more than Axie Infinity.

Xxmodded

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Usually all play to earn game have network with BSC so far I know and never found with play to earn game using ERC or ETH coin network, maybe any one have new play to earn game and still early for playing? I am not really trusted with play to earn game have running more than one months except with AXIE game have much salary to buy hero character.

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts? Huh

For a game to be sustainable it has to have a sustainable in-game economy. Most of these games are just ponzi schemes which use the investments made by players to pump the in-game currency price, what means at some point it inevitably fails and every late investors lose money.

But if the game is good and entertaining it can work on long run, because there will be competitive players with legit interest for the game, especially those addicted players who desire to reach the top positions of the ranking. These players don't bother spending tons of money to boost their progress and have some advantage over their pairs. When it happens I think we could say competitive players feed farmers players who are there just for money, so the game becomes sustainable.

About ETH fees, well, that is easy to solve: just don't use it like many games are already doing right now.

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The gamers who like playing new games, especially the games they like, will concern with the games and if they think that paying a high fee is worth enough to upgrade their equipment, they will do that.
I've seen that happen that many young people are playing those games and willing to use their money to upgrade their accounts.
If they do not want to pay a high fee gas, they can search for the other games that may be similar to the game they played but with a low fee gas to solve the gas fee problem.
But I do not follow any Play to Earn games on ETH or BSC or Matic so I do not know much details about that but I know that gamers have a passion for playing many new games.

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

Most probably, P2E will fail just like ICOs back in 2017. Thoughts? Huh

I have the same feeling with all of this avalanche of many games using the P2E model. As of now, many are already falling in terms of coin prices and many have become a victim of their own circumstances. CryptoBlades is not anymore that profitable and many are leaving the game...am not so sure but I think the team behind is launching an extended gaming platform trying to get back to where it was months ago. The same is happening with the darling of P2E called as Axie Infinity though am crediting the dev team for doing all they can to balance things off. I "invested" money with PvU together with a friend and until now I failed to recoup the money I poured into it. Bad decision on my part.

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Quote from: gwdf1 on November 19, 2021, 09:58:19 AM

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

Games on Blockchain are not the same as Games outside of Blockchain so they can require a lot of things like Graphics and others, because Games in Blockchain are only played to get tokens and Game characters in the form of cards which can be sold to those who like it so the price benchmark also uncertain.

haenko.near

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts? Huh

I know that Near Protocol invested $100M to develop #playtoearn games, and that in NEAR Network transactions cost <0.01$, and the speed is 2 seconds. I wonder what will eventually come of this. EVM Aurora was also launched on NEAR, and games that are launched on ETH, in theory, can be transferred to the NEAR network

letyouearn

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Definitely PlayToYearn games will fall when this hype is over. But now, when we see this euphoria everywhere and people are ready to invest anywhere without thinking - this scheme works perfectly. Don't think - just buy and invest more

harizen

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return.

I think calling some of those people "greedy" is inappropriate. First, there are really people who are really into gaming regardless of P2E or not. The bonus is, while they enjoy gaming, it has rewards in return. Although some of them just joined the craze because it's play-to-earn, I can say that while in progress, they will actually love the game, not because of its P2E feature.

Quote from: Abiky on November 19, 2021, 09:52:27 AM

I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now.

Most of the hype games are not using the ETH network. Some games are using their own blockchain or mostly, BSC networks.

But if we say, those games are within the ETH network, then users have no choice but to deal with ETH insane fees.

timerland

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Quote from: Abiky on November 19, 2021, 09:52:27 AM

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts? Huh

I think that it is definitely overhyped.

There is very little utility that you can bring out of a decentralized P2E game like Axie Infinity in my opinion, but with the current NFT hype it does make sense for people to play it.

Once this reward mechanism ceases to exist, I think that the projects in this space will die down. Just like a lot of the ICO projects back in 2017.

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Quote from: tbct_mt2 on November 19, 2021, 10:30:28 AM

Play to Earn games on Ethereum network can fail because the network requires too expensive transaction fee. Nowadays, projects can deployed and bridged to other blockchains in order to give users cheaper transaction fees.

Play to Earn, the name says it. Gamers can not spend $10 for a click when they play and even don't know they will win or lose after the click. Transaction fee on ETH network is painful for gamers.

Anything on the ETH network will fail miserably. There are NFT and P2E projects that are using the ETH network and for a while the users will be happy to spend high gas fees but there will be a end point when they end up loosing more money than they earn with those concepts, for example, some of the NFT that are available in the market, the gas fees is 10 times higher than the NFT itself and how a project will survive if they are not planning to move alternative coins.

Good P2E games will survive and it all depends upon which network the developers are choosing to built their game.

dothebeats

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Most of the P2E games that are out in the market has some form of in-game transactions, just like your normal online game. They get their revenues from these in-game transactions, and that's basically it. Personally, I don't mind P2E games as long as they're enjoyable and not really scummy (like some random ass spyware being installed in your pc or something). I am playing such games myself, and so far I'm enjoying the grind and not really caring about the 'earning' aspect just yet until I hit the rankings.

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Never tried anyone of those, but I guess those "free money" is what is attracting the users towards it. How much do they actually earn? I am guessing just peanuts. I hope they realize that they are wasting their time and can do something more productive and earn better. And I heard that you can only earn when you invest. I mean those who invests more, they earn even more. So risks are actually high. I have heard about a game (forgot the name) where users were able to buy lands in a virtual world and sell it for profit. Kind of makes no sense to me at all.

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Quote from: SamGold__ on November 19, 2021, 05:26:01 PM

I think P2E will be one of the biggest trends on blockchain if not the biggest.
It will not fall in a bear market proof is that axie was going up in the worst conditions.
I see P2E only growing but not on ETH I'm more interested in Solana and P2E... we'll see how this plays out

You'll never know when the market goes on a bear. I'm into p2e NFTs but I'm aware of any possibilities that can happen to it and mostly the negative ones.
It's a craze that's setting its foundation and what if the actual known gaming companies are going to step in and will introduce their games having p2e feature? It would no longer be a hype I guess.

SamGold__

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I think P2E will be one of the biggest trends on blockchain if not the biggest.
It will not fall in a bear market proof is that axie was going up in the worst conditions.
I see P2E only growing but not on ETH I'm more interested in Solana and P2E... we'll see how this plays out

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