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Topic: Play-to-Earn games on ETH: What's the catch? - page 3. (Read 275 times)

legendary
Activity: 2996
Merit: 1188
November 19, 2021, 04:16:56 PM
#11
Anything that advertises easy cash and quick riches will always catch the eye of youngsters. How else do youngsters get clued to cryptocurrencies if not the hype in the quick ROI they promise. P2E is the rave of the moment and highlighting NTFs and Metaverse. It's a good one anyway, even when we take into consideration that one plays the game in relaxation to ease off stress and at the same time earn. However, I for one don't like any transaction that has to do with Ethereum because of the exorbitant fees in transactions. I won't be involved in any of such as it stands, to be honest.
I would say that there are a lot of play to earn games on ETH which looks like "easy cash, get rich quick" but the reality is that there are actually some of them manage to pull that off as well, which makes people look for others too. I mean look at Axie, I remember at one point you spent like 1k on 3 axies, decent ones as well, and then you earned like 600 bucks a month from that.

Obviously as it turns out if you spent 1k on it, maybe you would have made that for a month or two (which would mean you could break even at least) but the price of the Axies went down, the profit you could make also went down as well and now it is a lot less. So the catch is not that it is not working as intended, the catch is that it can't sustain like that forever, you need people to keep on breeding axies in order to spend SLP whereas if they do then the price of Axies goes down since there are more of them... it just doesn't work.
legendary
Activity: 2450
Merit: 1225
November 19, 2021, 01:27:46 PM
#10
Most companies will support cross-chain tokens, they use "Polygon" for the game but for any kind of trading activity they will use "ETH" since have more liquidity than a polygon network. The only problem of P2E ecosystem, the generating token they're make from the game and while the marketcap not growing follow the token minted there will be have so much sell pressure than buying presure.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
November 19, 2021, 01:17:56 PM
#9
Anything that advertises easy cash and quick riches will always catch the eye of youngsters. How else do youngsters get clued to cryptocurrencies if not the hype in the quick ROI they promise. P2E is the rave of the moment and highlighting NTFs and Metaverse. It's a good one anyway, even when we take into consideration that one plays the game in relaxation to ease off stress and at the same time earn. However, I for one don't like any transaction that has to do with Ethereum because of the exorbitant fees in transactions. I won't be involved in any of such as it stands, to be honest.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
November 19, 2021, 12:29:09 PM
#8
P2E is just a hype word promoted by those NFT & gaming companies. It lures youngsters who think "I can get rich from playing games." Just like gambling, you can win, but you can also lose money. It should be called risk games, money games, or soft gambling instead of play-to-earn Grin

However, even though the term P2E is a bit misleading, some games are rock solid playable games and you can actually make money (a bit contradictory with my previous statement tho). You know, you can call slots is a play-to-earn game as well, so this kind of games need 18+ and responsible gaming as well. It's not going to die like ICOs, but perhaps more regulated. Definitely not gonna successful with ETH, as it needs more capable network.
hero member
Activity: 3080
Merit: 603
November 19, 2021, 12:15:06 PM
#7
As I understand with the P2E NFTs, they're earning through commission of their own marketplaces. That makes them profitable if they have tons of players that are active from time to time.
That's why updates for these games will be never ending for them to retain their players and the commission that they'll get from their own marketplaces shall continue giving them their share since it remains active.
full member
Activity: 658
Merit: 103
November 19, 2021, 12:05:25 PM
#6
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
Lol its not free money as it needs knowledge to win, time to learn and specially more time to spend in playing and investing at your characters and such. Its an ecosystem supported by its players and community investors where the money they got are due to their initial investments but with greater returns. Its like DeFi where you provide liquidity then you got compensated. In P2E, you provide time and money for your characters then you got compensated when you play. Its price are driven by market + in game features.
jr. member
Activity: 277
Merit: 5
November 19, 2021, 10:31:59 AM
#5
Play to learn gaming on ETH is a pretty monopolistic application. Those who did not manage to fulfill the minimum conditions at a reasonable gas price more than a year ago, now there is absolutely no point in doing this right now. This is my personal opinion regarding web 3.0 games on the Ethereum blockchain. To do this, it is better to use a more user friendly blockchain. For example, Near Protocol develops a large number of gaming directions and taking into account its blockchain with low commissions, all in-game actions cost 0.01$ That allows you to develop your account very cheaply
hero member
Activity: 2366
Merit: 838
November 19, 2021, 10:30:28 AM
#4
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.

I don't think Play to Earn will fail all. Some of them will keep existing on the market and growing more. Like Axie Infinity but they deploy their Ronin to resolve the expensive transaction fee issue.
legendary
Activity: 3108
Merit: 1029
November 19, 2021, 10:26:56 AM
#3
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.
It's all about money. Those will never be interested to play the blockchain game if it's not about money. The hype that came to the blockchain gaming caused by the game being combined with play to earn and that let people to earn from playing the game. it's not only passively playing the game to earn nothing. that's only making us feel tired.


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.
Lol that's wrong. Those play to earn game developers are also thinking about the cheapes and fastest blockchains to run their dapps. I have been actively playing axie and i got around $500 every month from playing this game but this totally depend with the price of SLP. it's too early to judge P2E will dead like icos. ICOs are not dead yet but it was getting evolved to the various kinds like IDO, IEO and many more.
So many people have been skeptical with shiba inu but that can enter into the top 10 CMC and surpassing so many bad old coins in the market.
full member
Activity: 680
Merit: 103
November 19, 2021, 09:58:19 AM
#2
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.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 19, 2021, 09:52:27 AM
#1
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
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