Where do you see gaming tokens in 5 years from now? - page 2.

Inspiron14

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Quote from: rahmad2nd on June 03, 2022, 03:01:06 PM

Gaming token like HYPE only exist few moment and later drop drastically and have many time drama before gaming token dump, we can learned from AXIE infinity as gaming token coins because many people purchase NFT with expensive values almost $2,000 right now get nothing, gaming of AXS not working well with SLP coins drop. I think not good ideas keep working with token gaming right now, keep away invest on gaming token because not really exist on higher price for several years later.

With things like that I think we need to learn that investing in game tokens is very risky,
the future of such game tokens is also unclear although previously Axie Infinity was predicted to be big,
need to seriously consider before investing in game tokens

MiF

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Many melinials are now addicted with online gamings because it brings joy and a lot of excitement and the new update with regards to gaming is that we can now also earn while playing, play to earn games and it needs gaming tokens yo play, for now many more people are become more fans on earning while playing even 16 years old here in my place is know how to play a online games to earn example of the games is axie infinity and i think not only axie will be a game in the future there are a lot of play to games like vulcan forge so in my opinion gaming projects or tokens will become very popular soon.

bitkanu

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Quote from: rahmad2nd on June 03, 2022, 03:01:06 PM

Gaming token like HYPE only exist few moment and later drop drastically and have many time drama before gaming token dump, we can learned from AXIE infinity as gaming token coins because many people purchase NFT with expensive values almost $2,000 right now get nothing, gaming of AXS not working well with SLP coins drop. I think not good ideas keep working with token gaming right now, keep away invest on gaming token because not really exist on higher price for several years later.

The thing with axie infinity is that its economic model isn't sustaining, you literally got a guild that generates so many SLP a day, that alone enough to keep the value of SLP from going any higher instead it keeps falling.
axie infinity was getting famous because you could literally earn huge sum of money by just gaming but then with that kind of economic model that gives too much reward for early birds, it's just gonna destroy the axie infinity SLP token in the long run and at this current moment the SLP is just dying because over supply.

Razanm90

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Quote from: cryptolukey2000 on March 29, 2022, 12:08:33 PM

Gaming tokens are really interesting and I think a lot of people are sleeping on them. It's still really early and immature for blockchain games and there's a lot of trash on the market right now, although a small percentage like Axie Infinity and The Sandbox for example, have shown how successful they can be. I think a couple of years from now, these blockchain games will start to show the quality of the modern games we see on Steam, Playstation and Xbox. The crypto space opportunities are endless and why wouldn't game developers at Sony, Microsoft or Nintendo want to come and create their own game? For me personally, I'm investing into teams that are constantly building and I recently found an interesting P2E game called NFTshootout. This game is one of the first Football games on the blockchain and has the potential to be a massive success, unlike many P2E games, it's very easy for players to earn their $SHOO token as it doesn't require bags of skill or money.

Most of the p2e games are garbage, but there are some of them are really great. For example, I am following one NFT project "reptile chronicles", they have such a good arts and novels. I was so surorised by all this content. I hope this game will be exciting and amazing.

rahmad2nd

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Gaming token like HYPE only exist few moment and later drop drastically and have many time drama before gaming token dump, we can learned from AXIE infinity as gaming token coins because many people purchase NFT with expensive values almost $2,000 right now get nothing, gaming of AXS not working well with SLP coins drop. I think not good ideas keep working with token gaming right now, keep away invest on gaming token because not really exist on higher price for several years later.

wxa7115

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Lol, I thought people were still too scared of crypto and wouldn't believe that Xfinite really pays just for watching videos, but you know, 10 million users literally without any marketing says otherwise:)

What happens is those people never stop to think if the business model being presented to them can be sustained long term, after all if you like video games then who would not like to play video games and be paid to do it?

However if every single person playing the game is doing so to obtain profits then the ecosystem cannot be maintained and it will eventually implode, which is precisely what we are watching with those play to earn tokens, as no one is actually playing because they like the game and as such there is no market for the coin at all.

coco23

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Quote from: abel1337 on May 23, 2022, 02:09:59 PM

Play to earn games are now on a decline, Most of the utility token of each games dropped 90% of their value from their all time high. We can see a sharp high's on the chart which is produced by the hype and slow dipping price as time goes on. Games should know how to balance their tokens for them to sustain their ecosystem. There are many play to earn ecosystem designs that I've been seen but none of them sustained their token which makes players and investors lose morale and eventually quit the game.

5 years from now, I can see a 2nd hype and 2nd generation of games and ecosystem which is greatly improved. Big gaming projects are still developing that's why I can see a great future in play to earn games.

Just because the token dropped 90% doesn't mean the hype is over. The way I see it, many projects were over-hyped and way overpriced. I mean 20 years ago you could purchase full access to a AAA title for like $50-$100. Even if you adjust by inflation, the average user won't be willing to spend much more than maybe double of that on a game. Of course there will be some enthusiats pouring thousands of $ into a single (pay-to-win) game, but this is the exception. Play-to-earn will have to come to similar levels and realize than people won't be spending 3-digits on NFT items or characters just to play the game and then another 4-digits on "land" which gives you some benefits.

Another thing that is needed is some standardization for NFTs, to guarantee ownership by law and have proper NFTs on-chain and not just links to websites which might disappear in the future.

FanEagle

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Gaming tokens will do a lot better in the future because there will be a lot better games. I know that we had games like axie, which is basically a rip-off from pokemon, and that means that we are going to end up with something that would be like GTA one day, and all running via crypto.

I know that it would be difficult to do something like that, but we are talking about 5 years as well, there will be tons of people who will be working towards making a huge profit with these. You could make hundreds of millions of dollars in profit if you make an amazing game in metaverse and nft gaming world because even axie made so much profit for the creators so something better would make a lot more.

RavenRenee

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Quote from: cryptolukey2000 on March 29, 2022, 12:08:33 PM

Gaming tokens are really interesting and I think a lot of people are sleeping on them. It's still really early and immature for blockchain games and there's a lot of trash on the market right now, although a small percentage like Axie Infinity and The Sandbox for example, have shown how successful they can be. I think a couple of years from now, these blockchain games will start to show the quality of the modern games we see on Steam, Playstation and Xbox. The crypto space opportunities are endless and why wouldn't game developers at Sony, Microsoft or Nintendo want to come and create their own game? For me personally, I'm investing into teams that are constantly building and I recently found an interesting P2E game called NFTshootout. This game is one of the first Football games on the blockchain and has the potential to be a massive success, unlike many P2E games, it's very easy for players to earn their $SHOO token as it doesn't require bags of skill or money.

Yeah, I am sure that NFT Gaming has a great potential. Guys, if you looking for some imteresting and ambitious p2e games, I recommend to take a look at one blockchain-based NFT Game "reptile chronicles". They have such a good arts and events at their Discord server. Have you heard about this project?

nurilham

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Quote from: cryptolukey2000 on March 29, 2022, 12:08:33 PM

Gaming tokens are really interesting and I think a lot of people are sleeping on them. It's still really early and immature for blockchain games and there's a lot of trash on the market right now, although a small percentage like Axie Infinity and The Sandbox for example, have shown how successful they can be.

People aren't sleeping, they are aware of the potential of gaming tokens. That's why tokens of Axie Infinity and Sandbox were trending previously, a lot of people bought these tokens. Sadly, many scammers made gaming projects, they sold the tokens as well. Many people became the victims because of many shit gaming projects, they lost a lot of money. This decreased the interest of people to buy gaming tokens, but still many people continue to trade gaming tokens. However, with many cases of shit gaming projects, people become more selective. They will learn and analyze deeply every new gaming project. Sure, it is still in the early phase and very immature, but it always grows up.

eaLiTy

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I am also bullish on blockchain gaming ecosystem, there is a huge potential to be on ATH price level during bull market. The more we invest in low marketcap gaming alternatives coins, the higher chances will be for development and market growth. New projects also can cut costs in bear market circumstances, it is free market for all.

There is no doubt that blockchain gaming ecosystem is making waves but we are yet to see any solid games that could attract hardcore gamers and once we start seeing them, then we can reach a conclusion that the ecosystem is delivering what it started. There are many projects that started recently focusing on the gaming ecosystem but you need to be careful in choosing which ones to invest.

Mahanton

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I am also bullish on blockchain gaming ecosystem, there is a huge potential to be on ATH price level during bull market. The more we invest in low marketcap gaming alternatives coins, the higher chances will be for development and market growth. New projects also can cut costs in bear market circumstances, it is free market for all.

When it comes to diversification then it wont really be a bad thing as long you could afford on what you could potentially lose on throwing up something with gaming tokens.
So it does vary with someones research and decisions in dealing with these tokens.I cant say that it would be totally shit or garbage yet we arent on that time where
recognition and popularity would really be on trend might happen or not and this is where risk taking could neither ending up a good result or not.
So its a personal kind of choice on such decisions.

SyndicateLabs

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I don't think it's too bad, but seeing the trend that people have hyped about with really dumb products, although it can bring income for some people, what it leaves behind is really bad and gives a rather negative view of this market. Although it can be seen that each trend that comes our way is stimulating the popularity of the market, every time a fall occurs, what is left of what we think has a future is not much, a small amount of money. People can do this, and I think maybe over time, this field can grow very potentially with more practical products as people become more aware of gaming and blockchain.

lornadane

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Quote from: Maliceprime on May 24, 2022, 05:45:30 AM

Very few gaming projects will survive, many of those gaming projects are here to make money fast and once a new bear market hits they won't be able to keep the projects alive, it is better to stick with the most popular going projects like Axie infinite for example and also invest only what you can afford to lose.

If in a situation like this almost all projects are difficult to maintain especially about game projects.
Maybe for those game lovers of course they like it but for those who don't love games of course they leave it.
For now it's better to think before you really invest and choose a token that is really of good quality and has a long future.

RavenRenee

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Quote from: cryptolukey2000 on March 29, 2022, 12:08:33 PM

Gaming tokens are really interesting and I think a lot of people are sleeping on them. It's still really early and immature for blockchain games and there's a lot of trash on the market right now, although a small percentage like Axie Infinity and The Sandbox for example, have shown how successful they can be. I think a couple of years from now, these blockchain games will start to show the quality of the modern games we see on Steam, Playstation and Xbox. The crypto space opportunities are endless and why wouldn't game developers at Sony, Microsoft or Nintendo want to come and create their own game? For me personally, I'm investing into teams that are constantly building and I recently found an interesting P2E game called NFTshootout. This game is one of the first Football games on the blockchain and has the potential to be a massive success, unlike many P2E games, it's very easy for players to earn their $SHOO token as it doesn't require bags of skill or money.

In my opinion, you must invest in NFT now. The NFT has a great potential in near future. I am searching a great NFT projects now, but most of them are garbage. But I have recently found one interesting Blockchain-based NFT game, it is called "reptile chronicles". The team gives so much opportunities for members to get the precious WL. Have you heard about this project? What do you think about that?

Jose Mourinho

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Quote from: Maliceprime on May 24, 2022, 05:45:30 AM

Very few gaming projects will survive, many of those gaming projects are here to make money fast and once a new bear market hits they won't be able to keep the projects alive, it is better to stick with the most popular going projects like Axie infinite for example and also invest only what you can afford to lose.
[/quote/]

yes you are right most of the game projects cannot develop well in crypto, their growth is only due to hype, and I hope we are not easily tempted by game projects that are currently hype, it's best to choose a game project that already has a reputation for high trust from users crypto is axie invinity.

Maliceprime

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Very few gaming projects will survive, many of those gaming projects are here to make money fast and once a new bear market hits they won't be able to keep the projects alive, it is better to stick with the most popular going projects like Axie infinite for example and also invest only what you can afford to lose.

AdryJoel

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Quote from: abel1337 on May 23, 2022, 02:09:59 PM

Play to earn games are now on a decline, Most of the utility token of each games dropped 90% of their value from their all time high. We can see a sharp high's on the chart which is produced by the hype and slow dipping price as time goes on. Games should know how to balance their tokens for them to sustain their ecosystem. There are many play to earn ecosystem designs that I've been seen but none of them sustained their token which makes players and investors lose morale and eventually quit the game.

5 years from now, I can see a 2nd hype and 2nd generation of games and ecosystem which is greatly improved. Big gaming projects are still developing that's why I can see a great future in play to earn games.

True but might be sooner. I've seen couple good ideas here and there, reptile chronicles for example have some great collabs which gives some trust factor to them and they said in AMA that we'll see something new for gaming sphere.

abel1337

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Play to earn games are now on a decline, Most of the utility token of each games dropped 90% of their value from their all time high. We can see a sharp high's on the chart which is produced by the hype and slow dipping price as time goes on. Games should know how to balance their tokens for them to sustain their ecosystem. There are many play to earn ecosystem designs that I've been seen but none of them sustained their token which makes players and investors lose morale and eventually quit the game.

5 years from now, I can see a 2nd hype and 2nd generation of games and ecosystem which is greatly improved. Big gaming projects are still developing that's why I can see a great future in play to earn games.

tygeade

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Quote from: strunberg on May 18, 2022, 07:39:10 AM

Quote from: bitkanu on May 17, 2022, 07:10:45 PM

This is a pretty interesting field to be discussed by the gaming tokens need to build a sustain tokenomic that will not triggering the hyper inflation to happen. The problem is there will always be grinders and farmers will be trying to dilutting the total supply of tokens and then they are dumping their tokens to the market easily after generated bunch of tokens from farming or grinding in the game. This is the main concern that must be solved but im sure in 5 years this field has a promising future

so we must becarefull and aware with tokenomic , utility and total supply. alot projecthave high inflation and keep minting coins meanwhile it have no ustility at all. low inflation will recognized as good project as long as they could drive demand in ecosystem to their games. it have future since alot youth have dream to be top gamer player. Axs and also pyr could be example on how they hardly dump due hacking case.

The sad thing is, these days scammers are building much better tokens than the people who are trying to build something decent. This is why I believe that we shouldn't really focus on anything that is dangerous at all by checking the tokenomics of it, we should look at the team.

If a team is too involved then it will have a big risk, and it shouldn't be like that. Teams should be doing something that is a bit more decentralized, like build it and leave and it should stand. If it is all depending on the team working on it, then it wouldn't really be a successful business at all. There is nothing that could be centralized and still be good.

Topic: Where do you see gaming tokens in 5 years from now? - page 2. (Read 649 times)