That is why play to earn concept is a massive failure - page 2.

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Quote from: Jackl87 on March 17, 2022, 04:41:11 PM

I actually have to agree with a lot of points that you are bringing up OP. In the end all of the play2earn games that are existing at the moment are not played because they just a fun game to play so people are enjoying to play it. The fact that you can make money while playing a game should always be just a positive side effect and not the main selling point of the game and sadly this is still the case with all of the existing play2earn games that i know of that are existing out there already, they are just not fun. Then of course we have the same effects as with every other hype in the crypto space, which means we have hundreds of play2earn games now because they hopped on the hype train of Axies Infinity and only a few of them will survive.

People always played to earn money. That is why gambling so popular. People spend a lot of time playing in casino.
Now appear Casino metaverses which give people more opportuntities and allow to earn even more money like this https://twitter.com/PokerFacesNft/status/1505530774690353160

cryptoaddictchie

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

Maybe you are right for those games that are simple and has same concept with some rugged projects that pretend to do p2e. There are lots of projects now doing p2e and cant say that they are good. But if you are gonna enter a p2e one then pick the highest rating with some good background or superb developers.

ringgo96

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But not all projects like that, there are also some projects the entry fee is quite cheap so it all depends on the team that manages the project, and currently there are very many games present and they all have different missions, the lack of enthusiasts at this time maybe they only focus on games that can give them a big advantage and currently the market situation is not good so we must be able to adapt to the current atmosphere.

cabron

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The P2E arena will be following the same path as that of ICOs in 2017...there was then the explosion and then there came an avalanche of so many new projects coming in competing for attention and money of participants without regard as to quality of the game and the viability of the system they are then using...then we could start many platforms withered as unsustainability kicks in...but just like any industry there will always be big winners and many losers. There will always be hypes but there are those who will make it though I have some concerns that many P2E mechanisms may not be so sustainable in the long run and it will be centered on the demand and supply side of their own digital assets.

Some devs had already figured out what the next hype will be after they saw Ukraine ask for donations for NTFs. This is where the next crowdfunding will be in the coming years or the government will release thier digital currency in exchange for NFTs and then after that, this hype will die and they will once again figure out something else.

All hype is going to die. I haven't even registered to one play to earn a game but its already dying.

magneto

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

Exactly.

They are essentially thinly veiled ponzi schemes that have no real product and riding on the hype that has been generated over the past year or so under the umbrella term "P2E".

Definitely don't think that the bulk of them are going to be sustainable for the long run. I think that it is a matter of time before the capital inflows stop, and the ecosystem mostly collapses under its own weight.

sana54210

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Quote from: Bitstar_coin on March 17, 2022, 05:44:03 AM

Games like Call of Duty or GTA if they happens to be backed by their own tokens or step into the metaverse world, they will have more players playing and earning because of the nature of the games, the developers are highly experience, creative and always make every version of the games more interesting than the previous version. These are HD games with addictive game play and can't be compare to most of these p2e games that where hurriedly developed, they are free to play with the exception of in-game item purchase.

The companies of those games are already making huge amounts of money, I do not know if they really need to spend insane amount of time to put NFT into those games as well. I do not mean that you can't, it could be done but it would be hard for developers to combine those games with NFT's and not like that would bring in super amount of extra money to them neither.

Look at how much GTA already made, and that game has been out for like 100 years already and it is still getting bought. This means that companies do not really need something huge to add into those games, they are profiting form it already and need no additional support for it.

Kelvinid

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

It is really unfortunate how it was be going to happen but the hype will certainly be fading in the coming time. That is why it was too risky to invest in this type of project as surely those who come late will not going to earn big anymore. Even to compare with the Axie Infinity, those early gamers had made a huge profit as the price of the token they get is high which is very unlikely in today's situation.

However, the play-to-earn gaming platform today is quite growing. Many gaming sites had joined that I thought even the hype is fading, they can still make a profit from here.

doomloop

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

Before you say that, have you check the games that you see on the store right now? Now tell me, what can you see? most of these games do also have similarity but the only slight difference is the name. You shouldn't wonder if the same thing can happen in the nft and metaverse gaming but not all games are high cost and cost in the price isn't only the basis for the players to ignore the game. Have you seen axie? During its peak where the cost of creating a team is too expensive, this doesn't stop players to continue on the game.

It's not only the early comers that can make money but late adopters can earn too but some won't care about how much will they earn but as long as they love the game and it makes them enjoy. Nft and metaverse gaming is still a thing so their hype is not yet fading.

wxa7115

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

This should not be surprising at all, we all know there are people that can make a living out of playing video games due to their skills or their charisma by publishing videos on YouTube, however the aim of the games themselves is just to give a fun experience.

However in games which are play to earn the whole core concept of the game is not dedicated to have fun but to somehow profit from the game itself, this means there are almost no players just paying for the fun of it, which reduces the audience which could be interested in the game and eventually leads to its demise.

Johnyz

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

The hype will not be always there, this is a big challenge for every developer to stay active in the market. I’ve seen a lot of fake project with a poor developer but still, there are good P2E project that is still here despite of the decreasing number of users and investors. There’s a lot of failed project and that is beyond our control, only good project will stay and they will surely rise again.

Jackl87

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

I actually have to agree with a lot of points that you are bringing up OP. In the end all of the play2earn games that are existing at the moment are not played because they just a fun game to play so people are enjoying to play it. The fact that you can make money while playing a game should always be just a positive side effect and not the main selling point of the game and sadly this is still the case with all of the existing play2earn games that i know of that are existing out there already, they are just not fun. Then of course we have the same effects as with every other hype in the crypto space, which means we have hundreds of play2earn games now because they hopped on the hype train of Axies Infinity and only a few of them will survive.

jossiel

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money.

There's truth about early adopters but it's part of the risk that those people have taken and if the game booms, they're on it and the risk is worth it.

About the new users and fees, it's not always the case. There has been games that are free for everyone to test them out and it's your free will to decide whether you want to go further or just stop there.

Quote from: Donald202 on March 15, 2022, 03:05:39 AM

The number of unique users registering each day is decreasing, indicating that the hype is fading.

It's okay because that's the same with the market, when the bull is there, everyone gets an eye and interested.

isaac_clarke22

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

~

It depends on the game itself as well, but mostly it is just destined to fail anyway. It is like those P2W MMOs out there and of course those ain't NFTs or Metaverse. Probably those in the top are going to remain playing the game, but when the hype dies out, they will surely just follow also. Dead game in the end.

cryptolukey2000

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I respect your opinion but don't really agree. It comes down to the team, yes, a lot of the P2E games we see are just cash grabs and want your money before playing them but if you look hard enough, you'll find some really good projects. NFTshootout is a great example, they have a scholarship system where beginners can play for free and the learn the game. The scholar's get rewarded daily with $SHOO tokens, they can cash these out or invest them into in-game items that earn you really good passive income. If you find a team that are constantly building and being transparent with their community, you're onto a winner!

el kaka22

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It is clear that the number of items growing makes it lower valued as well, and that is something that cannot really be fixed just yet. What I mean is that if you are playing axie infinity, you know that axies used to worth a lot because there were not many of them, and with the few of it, people made all the money, but since they bred more and more and more, the number of axies grew, so that same money was made by a lot more people, and that was their problem. Same logic applies to every single play to earn game as well.

If only a few hundred, or even few thousand people make the money, then it will worth a lot, but if tens of thousands of people start making the same profit, then it will eventually drop.

Vatimins

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Honestly, the gaming industry related to crypto currency nowadays are crap and needs to mature. It has amazing potential but if it stays the way it is, it will surely self destruct. But nope, I highly doubt that the gaming industry in the crypto space will stay the same. So let us all be just patient for now and observe as the ging industry in the crypto space matures. By mature, I mean crypto games being actually fun and not just attracting traffic with profits. When this happens, the multi billion dollar gaming industry outside of crypto will surely come rushing in. You just imaging how bug this industry would be by then.

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Quote from: TastyChillySauce00 on March 16, 2022, 03:58:14 AM

The developers didn't care about pooled reward system. They are only care for their users to grinding more and more tokens to be dumped to the market. I would not be surprised to see if majority of these tokens have been going to the hell. So many play to earn projects have very big inflation on its tokenomic. this is also driving the price to go down and the late joiners who have been paying to be able to play to game lose a lot. This system is not sustain for long term and so many things need to be adjusted. People are calling it as ponzi but i do agree with it until we didn't need pennies to play to game and i will stop call it as a ponzi.

When axie became popular in my country many join in crypto without any idea. Some just play all along without studying the game or the idea of the game. They tend to believe that when they join it will be like axie wherein they can earn. At the end only few games really provide provide and most of the new games are not.

they just want to earn money not develop crypto which is a good idea and good for humanity. sometimes the crypto world is always used by irresponsible people to pollute the crypto environment. keep careful in researching the project. don't get caught in a scam??

LogitechMouse

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Quote from: Donald202 on March 15, 2022, 03:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.

Is the decrease in hype of a certain thing in crypto the basis now that it is already a massive failure?
ICO's back in 2017-2018 are at its hype. It decreased until it faded out but there are few projects that survived and until now it is developing. Same thing in DeFi's. There is also a hype in DeFi's as well and many projects failed while there are some who survived and are doing well until now.

Same with NFT games. There will be some games that will not successful while there are some who will stay in crypto and will be successful. I don't want to say which games is since its hard to predict but I believe there will be some P2E games that will be successful though I'm agreeing with what you said that early adopters are making a lot of money because that is also the case in other projects even its P2E or not. That is the advantage of being an early adopter because you took the risk in investing into it when its still a new project.

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Quote from: 5W-KILO on March 15, 2022, 03:48:13 AM

Not really, it depends on the developers themselves, games only gets boring when it lacks the fun or better updates from time to time for example call of duty multiplayer devs makes millions if not billions already from this game because they are able to keep the fun alive for gamers, I know it's not backed by any token but it's a good one to make an example out of.

Games like Call of Duty or GTA if they happens to be backed by their own tokens or step into the metaverse world, they will have more players playing and earning because of the nature of the games, the developers are highly experience, creative and always make every version of the games more interesting than the previous version. These are HD games with addictive game play and can't be compare to most of these p2e games that where hurriedly developed, they are free to play with the exception of in-game item purchase.
P2e on the other hand are not f2p, players are required to make some investment in other to qualify to play, the op is not far from the truth, most of the p2e game play are boring and complicated, the earnings no longer profitable for new users. The only way p2e will have more recognition is when most of the big game companies decided to back their games with a native token for gamers to earn.

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Quote from: FirmWars on March 17, 2022, 02:37:35 AM

Whenever I'm playing COD cold war on my console I always earn 100CP once every two weeks, this can be used for in game purchases but if this CP is a real token everyone will call it a scam just like a few comments on here, maybe play to earn games should have never happened in the first place or it's people that can never be satisfied.

Good point but there is still a huge difference. The games you play are already well developed and likely to last longer since a reputable company is behind it. Many P2E games that launched are disappointing or less than what they presented it to be. Graphics are just aweful and let's not talk about bugs.

Topic: That is why play to earn concept is a massive failure - page 2. (Read 495 times)