That is why play to earn concept is a massive failure - page 3.

2lica

newbie

Activity: 21

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It really depends on the team.. How they execute the project and what is their initial goal. Most game projects use similar tokenomics, but the results can be different based on the team's decisions and adequate acting and support.
The idea of play to earn content is roaming the internet for a long time. It's live officially with blockchain gaming, but it's still early model which has a huge room for improvement.
I'm noticing improvement in the quality of the games that are been released. Before it was click to earn most of the time. Now projects are focusing not only on the earning aspect, but on gaming too.
I agree that many games have high entry fee, but not all. It's like you're buying monthly subscription for WoW, but in this case you have a chance to return your investment, even profit.
And definitely there are some very good looking games that are either live or about to be released, mixing both earning and OG gaming. Roll Eyes

joro-metaversa

newbie

Activity: 8

Merit: 0

The issue with dumping should be avoidable if the right incentives are set. Of course, I am no tokenomics expert, but I can already see a few projects trying to do things differently and mitigate this.

wildan88

legendary

Activity: 1862

Merit: 1046

Here's the thing about play to earn games. Many players will play it and a new coin will be mined which where they can sell it too for a profit that's why it was called play to earn but imagine a large number of players that's playing this game and the amount of the token they are generating and the use of this coin is very limited and can only be used in their game and website. That's why it crashes the supply of the tokens that being generated is way more higher than the demand since the coin was not that useful at all.

kojektea

sr. member

Activity: 2296

Merit: 256

SecureShift.io | Crypto-Exchange

The bottom line is that game projects are businesses that are really meant for gamers who pay
their developers with stuff in the game to upgrade to whatever they need.
However, the Play to Earn concept is against that, making developers have to spend a lot of thought
and funds because they have to develop while providing income for their players. Even though it has been done now but they can't last for long.

FirmWars

member

Activity: 239

Merit: 79

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.

TastyChillySauce00

legendary

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Leading Crypto Sports Betting & Casino Platform

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.

fvb

member

Activity: 1470

Merit: 13

There are many interesting games that are built on simply playing and using this to receive bonuses. Then create your character and use attachments to improve its quality. Now there are many different games offered, as they say for every taste and there are plenty to choose from.

joro-metaversa

newbie

Activity: 8

Merit: 0

The p2e concept might be overhyped but it is too early to call it a failure as the field is still so early stage. Also, p2e is not the main value proposition of blockchain games, digital asset ownership is.

Beparanf

hero member

Activity: 2856

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Burpaaa

Quote from: Donald202 on March 15, 2022, 04:05:39 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 is true and probably the main reason why NFT games started to become weak including solid play to earn games because investors is losing confidence on the P2E system. There's always a major flaw on this kind of payment structure in long term since the funds being distributed to all the players came from the treasury and the liquidity pool supporting it is just came from the new players money and not from the income of the team from outside game profit such as advertisement and promotion by other brand. Imagine a game that consistently distributing funds to all players while the team is just relying on the new comers to provide liquidity in the economy of the game. The game will obviously die when there's no new players enter and interested to invest in the game.

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: Donald202 on March 15, 2022, 04:05:39 AM

All of the games are built on the same foundation, with the exception of skin colour and weapon design.

To be honest you can find so many design but i rarely see the foundation that was creating their own game. Hmmmm... i don't even think people can still seeing this as an opportunity.

Quote from: Donald202 on March 15, 2022, 04:05:39 AM

High game entry fees

I would like to call this as pay to earn rather than play to earn.

Quote from: Donald202 on March 15, 2022, 04:05:39 AM

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.

Pretty much the same like ponzi. Axie infinity already proven it even the developers creating more and more tokens. The new account that registered probably owned by the same guy that already played the game.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: Donald202 on March 15, 2022, 04:05:39 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.

They are all ponzi schemes. They can only last as long as they can attract new players and sooner or later they always run out of suckers to scam. If you get in early you can make a lot of money but sometimes the scheme collapses way too early and the early adopters gets the d too. Ignoring them is the safest option.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

They are all literally the same. You are right, just with different design but the same concept (except for few). Honestly, most people are not here for the game. They are here for the money. Like you said, early adopters if lucky are able to make some quick profit from it. Rest will have to invest a lot to make some profit which isn't guaranteed. Playing for free gives you almost peanuts. But I have read articles online where they say that those play to earn games have helped them during the pandemic to make some money. I guess at least those money is worth something in underdeveloped countries.

Strongkored

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Leading Crypto Sports Betting & Casino Platform

Quote from: Donald202 on March 15, 2022, 04:05:39 AM

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.

All the hype will only be profitable for early investor it cannot be denied, so when you know something is a little late better do not get into it, but it cannot be denied also in the hype there will still be new projects that can long lasting and provide profit to investors only the indicators are difficult to guess so it is more to speculation.

CapGelatik

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Combo Network

Quote from: MarjorieZimmermanGinger on March 15, 2022, 11:13:55 PM

Quote from: Donald202 on March 15, 2022, 04:05:39 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 means that the game contains referrals, because what I understand is that such a game model will only benefit those who are the first to register, but currently there are many forms of independent games, not depending on referrals that people share, maybe you can check out NFT games or other games, depending on how you like the game you want, because the availability of games is currently quite a lot and a variety of characters

I think anything that only depends on referrals is the same as a lie and the irony is that there are currently many like that,
it is a good thing with NFT games because we can make money playing games and without having to depend on referrals,
hope that in the future there will be new innovations

rat03gopoh

hero member

Activity: 2100

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sig. code creator start @$10 - PM me!

It's not just the quality of the graphics or the price of the NFT that is reliable, the foundation of a strong game is the large number of communities and abundant players. A common selling strategy used by the P2E industry is whitelisting which limits the growth of their own ecosystem. This only gives new established players a chance (from other games). Many developers are not aware that they're not the only ones trying to develop in this industry and these players aren't aiming to stay, but always moving to more profitable places.

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

I'm not saying that the Play To earn concept is a flop but they haven't designed it perfectly.
There are many shortcomings that I encountered from this P2E concept.
Like, games are usually shown to get fun when playing but we are required to earn with certain missions.
In addition, if it is combined with cryptocurrencies that depend on the law of supply and demand, I think it is not very suitable.
If we play the game and we get tokens from it, the scarcity of the tokens will continue to grow so that the demand goes down and in the end only those who are the first get the profit.

danherbias07

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Donald202 on March 15, 2022, 04:05:39 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 it decreasing? Do you have the proof to back it up? Because most of the time I am in discord joined in different NFT games with play-to-earn features, and I can see people piling up and there are even request to join the channel but it is full.
Can you be more specific about what play-to-earn games you are supporting?
Sure, early adopters are the ones who will make the most out of it but that is because they have the courage to risk their first investment, unlike others who will just follow when there is an assurance from the risk-takers (early adopters) to join in.
Now imagine if no one took the first risk?

takngantuk

full member

Activity: 1024

Merit: 100

oh wait where is the failure?
just because the hype faded and the number of new players dwindled, you concluded that the game was a flop?
isn't it too shallow to think like that?
a real example look at axie, although there are many games that look the same and slowly their hype has faded, but they are still holding on. and it's not a failure, I call it consistency. as long as the ecosystem is good, games that you think are all the same still have hope to thrive and survive. So don't think it's all a failure.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Donald202 on March 15, 2022, 04:05:39 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.

Oh well that is what we call hype in the market, so it's about timing, even bitcoin. So it's more of investors getting early, so you have a lot of advantage and that's what separate men for the boys. Wise investors knows when to get in, while majority just get onboard when the hype is very high and when the price is about to reach all time high which is not good. if the hype is fading then so be it, for sure there will be another one that will replace this play to earn concept.

MarjorieZimmermanGinger

hero member

Activity: 1344

Merit: 738

Quote from: Donald202 on March 15, 2022, 04:05:39 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 means that the game contains referrals, because what I understand is that such a game model will only benefit those who are the first to register, but currently there are many forms of independent games, not depending on referrals that people share, maybe you can check out NFT games or other games, depending on how you like the game you want, because the availability of games is currently quite a lot and a variety of characters

Topic: That is why play to earn concept is a massive failure - page 3. (Read 469 times)