That is why play to earn concept is a massive failure

X-ray

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Quote from: asyakashi on February 11, 2022, 08:04:59 PM

Play to Earn so far has not been perfect, because it is more burdensome to someone who has a large capital and enters early as a winner, well, I think all cryptocurrency concepts are the same,

The big player can afford to buy a lot of good NFT to play in the game. that's why they can get fast ROI. That's different with small players that are only paying with what they have. Different income, different ROI and many more. I guess how many small players that already trapped by the shitty play to earn game. The game needs to be re-structured. It's not even balance. I know that people are still looking for nice profit from investing in this play to earn game but they don't even realize if they are putting their money into the big risk that will make them all unable to get back their money caused by long ROI.

Quote from: asyakashi on February 11, 2022, 08:04:59 PM

everything will be lively at the beginning and will disappear soon as well as the play concept to earn in cryptocurrency.

As long as it can sustain and that's fine.

yazher

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Quote from: laredo7mm on February 10, 2022, 11:35:56 AM

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

There are lots of example of these kinds of games which was shut down last where most of their developers cut down the rewards until they run out of supply to give their users. Now they are making some new concept but the same mission where they disappear again after they gathered enough money to steal from their innocent gamer investors. That's why everyone needs to take heed and lesson from last year if they don't want to waste their money thinking that it will multiply but in reality, it will forever be lost.

bluebit25

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Looking back at current P2E products, there is not much difference, there are really too many copies of the gameplay, almost nothing special. Only a few have done that and have had great success in this space, but fomo following the trend without careful preparation makes creating a coin or P2E products as a form of publicity. In order to industrialize, you just need to think of a random name and attract then pay to hire dev teams, you will have a new product right away. The loss of censorship and overflow makes many people think it is thriving, but when it comes to reality, we are still just getting started.

RealMalatesta

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Quote from: LUCKMCFLY on February 12, 2022, 12:46:49 PM

in fact at one point I was going to enter one of the best games that they had considered from the beginning, but for reasons of life I had to do a lot of corresponding errands with my 4-month-old daughter and she left a lot time on it, after I wanted to do it, something prevented me, then I saw that the price fell more than 60%, then I believed even lower, the discord and telegram of that game said that it was only a strong correction and that it was safe to enter, which was cheaper, but when these things happen, everything is already damaged, there are cracks that cannot be repaired and the price went to less than 1 USD, the number of people they lost was gigantic, from that moment I did not believe anymore in NFT games.

I would guess that the purchasing is the main problem because it has very little utility that attracts people. Lets take Axie in our hands, they charge you SLP for breeding but we will breed and breed and breed and one day there will be countless of them, so the price would have to go down significantly to cover that, you can't have the same axie prices at 100k total axie versus 1 million vs 10 million.

It means that breeding will not be profitable, which means that you can't really use SLP that way. They dropped the amount of SLP you can earn, so that the price would go up, so that you can earn less but worth more, which failed miserably since people already stashed so much. All in all, if you do not provide a good "buy this token because of this" mechanism in any play to earn game, that token will be earned but not spent like you assumed it would.

X-ray

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Quote from: lvsca on February 11, 2022, 08:54:09 PM

the most advantageous are those who enter early,

The early you join the more money you get

Quote from: lvsca on February 11, 2022, 08:54:09 PM

can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.

I do agree with this. play to earn already evolved to be pay to win to earn. This concept is getting changed like some chara getting over buffed while remember that there was also rare and common NFT. People who owned rare NFT will have more chance to earn more from the market. Just like axie, bomb crypto and almost all of play to earn is also getting evolved into the pay to win to earn.
I hope that the dev will try to change the mechanism that already used in the play to earn. This concept is not relevant anymore and there must be a major change to this mechanism.
that's how so many play to earn project can't sustain for long term.

TastyChillySauce00

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Most of the famous game, will eventually decrease in terms of unique gamers that are gonna be registering in their game.
doesn’t necessarily the trend of blockchain gaming is fading and going down with flame, because if the active users are still quite many and most of them are still normally trying to make some money by playing the game, I think it could be said that the trend is still there.
if you seek for higher statistics of new unique users registration in game, then try seeking these new games that just opens up their games recently, that’s exactly the place that you’re truly looking for if you wanna see if the trend is still going or the opposite is happening.
even if the existing famous game platform that revolves around blockchain eventually fades, there’s always new blockchain game that gonna be taking over.

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Quote from: laredo7mm on February 10, 2022, 11:35:56 AM

Quote

The play-to-earn model on its own is unsustainable. By its very nature, it creates an unsustainable pyramid scheme-like system where new players buy in only to create and sell digital goods to those who buy in after them. Above and beyond that, it creates a culture of virtual indentured servitude where individuals are dragged forward by the threat of a lost investment to play a video game at the cost of their own mental and physical health.

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

Just to say that once there is new, it easily gets in the hype and people will choose that while leaving the old one. At this time where major gaming companies are offering that Play-to earn platform, this serves a market competition as well. Like mentioning Axie Infinity, looking at their performance now, they are absolutely in decline after another project comes doing the same.
So, if you are early adopters and can ride the hypes, you'll exactly in huge profit but if not, well, you can still earn some but not compared to them.

7788bitcoin

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The hype is really great and there are many projects claiming to come up with P2E games but you cannot expect them to release the best version from the start. Right now the fees are really high and there is not much great games either but in the future we can expect interesting games coming up when big game development companies start producing P2E games and then the entire landscape will change.

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Quote from: laredo7mm on February 11, 2022, 06:19:00 PM

...

If you have any data that shows the number of users increasing then please provide the link here. Axis infinity is a very popular P2E model and they have huge active users. It's wise to check bigger user base games because that's where most of the money flows and gamers are more focused on.

I don't have those numbers yet but it remains true that Axie players or investors are moving their money around but still within the P2E ecosystem. Some people I've talked to moved to games like Bombcrypto and they are also on the lookout of newer games about to be launched. Axie is a good reference but I insist that it's not enough to conclude or assume the hype is fading and players are decreasing.

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Quote from: laredo7mm on February 10, 2022, 11:35:56 AM

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

I have never had interest in all these games, because I don’t really see the need for me to be doing such, investing my money and also having to stress myself physically and mentally trying to earn after I have invested. I would rather look for good assets and invest in them knowing that as time goes on they will generate value for me, and then I will also look for other things that I can do to keep myself busy.

If I felt like I want to play games, then I have some high end games that I’m interested in playing and not all those little games that they would usually set up as play to earn. They don’t interest me at all.

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Quote from: virasog on February 12, 2022, 09:38:31 AM

Quote from: lvsca on February 11, 2022, 08:54:09 PM

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.

Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.

The cost of team before are quite expensive but the price of slp and axs is not heavily dump as today and investors can recover what they invested in a short duration of time. Now the teams cost are quite cheaper that is because the value of the slp or the axs have also decline and it will now be harder for them to gain their investments.

Axie have a roadmap just like a typical crypto project therefore you cant say that the game is poorly planned but can we just assume that there are competitors and people have jumping to other games when they think the other game is more fun and more profitable? I think every crypto project have foreseen that possibility. It is unavoidable.

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Quote from: laredo7mm on February 10, 2022, 11:35:56 AM

... Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

If you are among the early users when even the game coin is not traded anywhere, you have a great chance to earn these coins for the purpose of subsequent sale to the listing. But the problem is that no one knows how much this coin will cost and whether it will be traded at all. In this case, you can just lose your time, or if the game is interesting, enjoy the game.

ItsNotSean

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Quote from: virasog on February 12, 2022, 09:38:31 AM

Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.

It would be difficult to find a better example of a Ponzi scheme.

LUCKMCFLY

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Quote from: ?? on ??

I have quit with play to earn concept game and coin because not have potential as long term keep profitable, last time I try play to earn coin first time price up and few days only trough active playing price dump almost 80%. I think never try with play to earn coin for investing or buying character NFTs because not keep consistent for long term profit, coin can suddenly dump extremely and loss much money if you keep make play to earn coin as investment.

You are right, in fact at one point I was going to enter one of the best games that they had considered from the beginning, but for reasons of life I had to do a lot of corresponding errands with my 4-month-old daughter and she left a lot time on it, after I wanted to do it, something prevented me, then I saw that the price fell more than 60%, then I believed even lower, the discord and telegram of that game said that it was only a strong correction and that it was safe to enter, which was cheaper, but when these things happen, everything is already damaged, there are cracks that cannot be repaired and the price went to less than 1 USD, the number of people they lost was gigantic, from that moment I did not believe anymore in NFT games.

virasog

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Quote from: lvsca on February 11, 2022, 08:54:09 PM

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.

Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.

JeffBrad12

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I see that. My friends are losing a lot of money caused by they have joined in this play to earn a game at the late game. So many early adopters have been leaving the game and this is also putting the game with no demand. That means the tokens have no value. This concept needs a lot of solutions. People are still looking for more play to earn as they can make a lot of money once they will able to buy in early. So many holes in this mechanism and this makes the dev has so much homework to solve this problem. It's too early for the play to earn to be big project with two digits billions marketcap. I think that so many things need to be solved as soon as possible started from the economic, inflation and many more.

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Quote from: laredo7mm on February 10, 2022, 11:35:56 AM

Quote

The play-to-earn model on its own is unsustainable. By its very nature, it creates an unsustainable pyramid scheme-like system where new players buy in only to create and sell digital goods to those who buy in after them. Above and beyond that, it creates a culture of virtual indentured servitude where individuals are dragged forward by the threat of a lost investment to play a video game at the cost of their own mental and physical health.

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

Actually, this kind of thing isn't only applied to play to earn model games but all of the games with different genre.
See other MMORPG games for example (not NFT). User registration is only high at its releasing date and its succeeding weeks but after that if the users see the game as hard and repetitive then the number of users registering the game and play will decrease daily.

In terms of the play to earn model particularly the NFT games, I'm playing NFT games and I can say that its kinda like a pyramid scheme like system where early adopters of the game will be the ones who will earn the most. Well, the good thing though in these NFT games is that you have an opportunity to earn while playing unlike playing other games where you are spending money to buy skins or anything related to the game but no return of the user or maybe fun but you can enjoy while earning in these P2E games right?

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Quote from: asyakashi on February 11, 2022, 08:04:59 PM

Play to Earn so far has not been perfect, because it is more burdensome to someone who has a large capital and enters early as a winner, well, I think all cryptocurrency concepts are the same, everything will be lively at the beginning and will disappear soon as well as the play concept to earn in cryptocurrency.

It's almost the same if we study it conceptually initially, although there are also differences, but only slightly because whatever the trend is always better in the beginning and will be very bad in the end like what happened with the coin meme last year.

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Quote from: kojektea on February 11, 2022, 07:48:17 PM

Looks like a Pay To Win concept rather than Play To Earn, but as far as I see it is like that, new players will only be used as virtual slaves, those who have little capital or don't understand the meta game will lose capital here, even in my opinion every few seasons meta games are always changing, that means we have to buy meta characters to win the game.

Yappp, it will be there because people who have money and want to spend it are what make the project work and will attract a lot of players because of the money coming in.
In the long run it's up to developers who want invest their time and their mind in order to survive, if the project only want to follow the trend then this is only short term trend and will die.
There are many example in this new type of blockchain game and now many people think axie infinity game are going to die.
Actually it's only up to developers&CEO who decide This is The End

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Quote from: lvsca on February 11, 2022, 08:54:09 PM

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.

That is clear and almost similar to other things too, for example like the people on this forum, when you are at a very high rank, then you will get paid very much and that is clearly profitable because not everyone have the same rank now.

Topic: That is why play to earn concept is a massive failure (Read 430 times)