Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto gaming (GameFi) => Topic started by: RidwanMalik on March 15, 2024, 10:57:43 AM
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
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I've had the experience of earning play2earn games in this field of cryptocurrency, which usually at that time were just FOMO, although there are some that really took a few months, like Axis Infinity, Mir4, and now it's the Pixel, which just a few months from now will for sure make noise like Axis.
Therefore, yes, I believe in playing to earn games because I also went through that, although only for a short period of time. I just don't know if I will encounter something like axie infinity before.
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I've had the experience of earning play2earn games in this field of cryptocurrency, which usually at that time were just FOMO, although there are some that really took a few months, like Axis Infinity, Mir4, and now it's the Pixel, which just a few months from now will for sure make noise like Axis.
Therefore, yes, I believe in playing to earn games because I also went through that, although only for a short period of time. I just don't know if I will encounter something like axie infinity before.
Lucky for you kabayan you are able to get involved and make money through NFT games and now here comes a social web3 game Pixel that might make some noise again amongst social media platforms just like Axie Infinity and MIR4 which I was left very unlucky for some reason before. With Pixel I don't know if I am able to jump into this game because I am a bit busy for now.
For me p2e model in crypto gaming is the result of gaming innovation and this is good and advantageous for those who are into this hobby since it is now incentivized through blockchain technology. Players are now able to play and earn which is a good combination for me. I am also a gamer but only lack proper devices for this.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
Play to earn is a crypto trend that have been around I think for some few years now, some the projects that build on this trend have done well in the past, but personally, I've never really picked any interest on them, and neither have a ever tried any, and I don't think I have any plan of trying any in the near future.
I have in the last invested in two or three project that built on the play to earn niche, but none of those i invested in did make it to the limelight the way Axie infinity did.
And today, we also have a very popular one too which promises to do very well in this coming bull run, and that is Naka, Naka is a play to earn project I've monitored since the price of the token was 5 cents, I did not invest though. I just had it on my watch list and today, Naka is above $2.5 dollars.
Play to earn projects are usually very good to invest in, but that is if you are very lucky to invest in one that managed to breakthrough and become really popular, it's one of the good ways to make money in crypto investment.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
I'm done with this concept and model I lost a lot of money on three P2E and a lot of my friends also lost a lot, some of my friends' savings in the hope that they would make money like what others have done on Axie.
P2Es are time-consuming and you have to invest and upgrade your players to be able to maximize your earnings, right now I have three P2E that I'm waiting to increase its price so I can cut my losses.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
There is no much difference in P2e to other crypto projects; if you are not early, you will not make a profit. As with Axie infinity, many investors joined while the Axie was at its highest point, resulting in significant losses when the bear market began. Those that invested early gained the most profit and faced a lesser risk. There are several nice early p2e options out there, and I recommend Mavia.
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P2Es are time-consuming and you have to invest and upgrade your players to be able to maximize your earnings, right now I have three P2E that I'm waiting to increase its price so I can cut my losses.
Which games are you playing right now? Does it include the latest hyped project like Pixel? I always feel like this model is not going to survive simply because the demand or buyers for the product is almost certainly non-existent. How profitable is running these games compared to rerolling in popular games nowadays? I remember seeing a lot of mobile game accounts being sold for $30 or more, which cost practically only your time on enrolling and progressing the story. While it is a niche product, I believe the chance you make a profit is higher.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
Play-to-earn games are quite interesting, they are designed to enable players participate by offering little reward then later on allow them to spend real money to progress.make a research first before purchasing. DYOR
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P2Es are time-consuming and you have to invest and upgrade your players to be able to maximize your earnings, right now I have three P2E that I'm waiting to increase its price so I can cut my losses.
Which games are you playing right now? Does it include the latest hyped project like Pixel? I always feel like this model is not going to survive simply because the demand or buyers for the product is almost certainly non-existent. How profitable is running these games compared to rerolling in popular games nowadays? I remember seeing a lot of mobile game accounts being sold for $30 or more, which cost practically only your time on enrolling and progressing the story. While it is a niche product, I believe the chance you make a profit is higher.
I stopped playing these P2Es as it is not worth it anymore seeing how the price is going down, I should have dumped these P2E tokens long ago so I could cut my losses I'm still a member of their channels in the hope that there'll be a big turn around but it's a long shot many P2E is coming now and gamers' attention is on the next P2E, and no I did not invest on Pixel I could end up disappointed again.
(https://www.talkimg.com/images/2024/03/16/JPzUo.png) (https://www.talkimg.com/image/JPzUo)
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P2Es are time-consuming and you have to invest and upgrade your players to be able to maximize your earnings, right now I have three P2E that I'm waiting to increase its price so I can cut my losses.
Which games are you playing right now? Does it include the latest hyped project like Pixel? I always feel like this model is not going to survive simply because the demand or buyers for the product is almost certainly non-existent. How profitable is running these games compared to rerolling in popular games nowadays? I remember seeing a lot of mobile game accounts being sold for $30 or more, which cost practically only your time on enrolling and progressing the story. While it is a niche product, I believe the chance you make a profit is higher.
- Actually, if you really research the many options to play here in cryptocurrency, you will be the only one who will be confused as to which of these games you will play. But there are other investors who only invest in game tokens and have no interest in actually playing.
The only thing they want is to buy and hold it only when they see the potential of a coin in play to earn money here in the crypto space. This pixel also has potential, to be honest, and is also, in my opinion, a winner among gamers.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
When I saw the concept for the first time way back in 2021, I really though that it wasn't sustainable enough for it to stay for a long period of time. It's because of the fact that in order for players to gain from it, they need to invest money through buying the NFT of that particular game.
However, when I saw that there are some P2E games that survived the cycle, I guess I can say that P2E is here to stay just like meme coins. I played Axie Infinity for quite some time, and I invested lots of money into it as well (buying different teams). I lose a small amount of money on the game (probably a huge money if I didn't sell all of my SLP when it's price reached around $0.11), but like what others said, it's time-consuming, and some games aren't worth the time. If you're on it because you want to earn, most aren't worth it IMO. However, if you're playing for entertainment, I guess money doesn't matter.
P2E model is here to stay. More gaming projects might come out soon as we approach the bull market. They will take advantage of the hype, and we've seen some new gaming projects already. More will be created soon. I'm not removing these P2E games off of my radar, and I might invest in 1 or 2 tokens as well. :)
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
I would say that sustaining P2E would be that so damn hard as for those project owners. They would really be needing up that game model on which that it would be something sustainable.
We've seen tons of games who had kissed out on the floor just because they didnt able to sustain it out and their tokens died in value due to inflation.
Somehow i've seen a type of game name PIXELS which i didnt thought that it would really be lasting up for how many months. They did make out those adjustments
and trying out to balance on everything.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
P2E is the narrative of gamifi coins, and they are going really well, graphic power, AI, and some other similar narratives also fall into this same narrative. And currently, the market is in favor of it. As there are many gamefi tokens in hype, I assume in the future there trend will go up especially in the AI and graphic power sector. Now I hear about the storage sector as well, which is not new, but will be based on AI algorithms which means more efficiency.
Talking about the benefits of gamers, they are getting benefits by playing the game because there are many games that pay some coins to the gamers, we can see the tokenomics to get an idea about how much tokens will be distributed among the players of the game. And after that, the future of the token price decided either the player spend his/her time in good thing as if project grows then he will make profit otherwise not.
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I think it was proven itself already as many of us here earn from this model way back when it was the hottest trend and if you are one of those early jumpers on his hype, for sure it was good money for you.
It might still be good this bull run, but not sure if it can replicate it's early success in 2021 as this kind of model is now saturated I must say and the only one that survive is the prime movers. However, I haven't heard any noises just like the last time.
So for me this is just a hype that will slowly fade away, in my opinion.
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I would say that sustaining P2E would be that so damn hard as for those project owners. They would really be needing up that game model on which that it would be something sustainable.
We've seen tons of games who had kissed out on the floor just because they didnt able to sustain it out and their tokens died in value due to inflation.
Somehow i've seen a type of game name PIXELS which i didnt thought that it would really be lasting up for how many months. They did make out those adjustments
and trying out to balance on everything.
Cryptocurrencies that have products in the form of games must often hold events to keep increasing the tokens they have so that they remain useful for those who are playing this game. Lots of game projects have been created, such as those you mentioned, PIXELS, Gala and Smooth Love Potion Price (SLP). and currently they still have a good price on the exchange.
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All P2E nowadays is pretty hard to sustain based on how it works most of the players from what I can see are players who do multiple accounts and bots just like on Pixels I do played this with VIP 3 months I already got the ROI after 2 weeks of playing this game but since the game keeps changing and the algo how the pixels distribute reward is now hard and I can't earn more than 3 pixels a day. I don't know if its due to bots or it is intentional.
Pixels also always have withdrawal issues which is obvious they don't want people to withdraw and dump the token.
However, since there is a big Bitcoin event coming I'm not sure but I believe their token will skyrocket.
The Pixels team is also very active every week they have some events and give some ideas and new plans for the game that can make the game more exciting.
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All P2E nowadays is pretty hard to sustain based on how it works most of the players from what I can see are players who do multiple accounts and bots just like on Pixels I do played this with VIP 3 months I already got the ROI after 2 weeks of playing this game but since the game keeps changing and the algo how the pixels distribute reward is now hard and I can't earn more than 3 pixels a day. I don't know if its due to bots or it is intentional.
Pixels also always have withdrawal issues which is obvious they don't want people to withdraw and dump the token.
However, since there is a big Bitcoin event coming I'm not sure but I believe their token will skyrocket.
The Pixels team is also very active every week they have some events and give some ideas and new plans for the game that can make the game more exciting.
- Well, at least it's good for you that you are experiencing profit in the game of pixels, even though there are changes compared to the previous two weeks, as you say. But it is true that there is potential for the price to rise in the market, and no one knows when that will happen.
I'm new to pixel games, and I'm still learning them while I'm playing them at the same time. I'm still a little confused, but I know I can play them, as long as you really understand something.
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They did make out those adjustments and trying out to balance on everything.
I think balancing is really the key and definitely not so many are successful in this regard as far as the P2E gaming industry is concerned. Now, in my view, P2E is really doomed right from the very start...and in many cases we know that most of the paying players are there just to make more money and not really because they like, love the game in the first place. Now, there is a big problem in the tokenomics of P2E as the gaming is actually producing more and more coins or tokens making the whole thing inflationary and not deflationary...the more is made from P2E the more there is a likelihood the value of the token will go down and once it would start to go down there can be a direct effect on the attractiveness of the whole scheme so players will stop playing and will stop investing as ROI is now low. The critical area is how the P2E platform can increase the demand for the token as the numbers of tokens being produced is also climbing...and in many cases burning of tokens can never be enough.
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In the rapidly growing GameFi ecosystem, many projects promise innovative Play-to-Earn (P2E) experiences but fail to deliver. However, Creo Engine stands out as a protocol purposefully designed from the ground up to enable true economic gameplay opportunities. With a keen focus on interoperability and asset ownership, Creo Engine provides the ideal foundation to build a sustainable P2E metaverse.
As far as I know, it's listed on many exchanges like Bitget/mexc/bitmart.
I told you, as I know.
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Play to earn games promise is really good. But in the long run its not that sustainable, in some reasons.
The word play to earn is most likely defined as really play to earn. but in a real sense. Most of the game are played to earn in the beginning, but if the game really target to stay in a long run. most of the game become really competitive and really needs to pay first to earn. i tried some of this game and most of the time. its token/nft's lost its value do to either unlimited amount of token or its limited then the game would switch to another token making the first one unvaluable. But then again, some of the game becomes more competitive promising rewards, burning mechanism, or a switch on demands for the coin/token it rewards the player making a sustainable economy.
The idea of having a greater reward without having the demands for that rewards is not that sustainable at all. Most of the time the demands is meet on the beginning phase of the game. And when all the players meet the certain or required upgrades. Its like the end of the game. No Demands at all, and killing the economy of the game.
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But there are other investors who only invest in game tokens and have no interest in actually playing.
I'd argue that the majority of buyers have the same mindset. After all, playing requires time and capital if they want to make it profitable, and most don't want to invest those into a risky game. CMIIW.
hold events to keep increasing the tokens they have so that they remain useful for those who are playing this game. Lots of game projects have been created, such as those you mentioned, PIXELS, Gala and Smooth Love Potion Price (SLP). and currently they still have a good price on the exchange.
What do you mean by increasing the token? Are you saying that increasing the circulating supply of the token will benefit token holders? I'm surprised if that is true, considering the larger the supply, the price will decrease if there's no demand increase. I don't think it is that different for gaming tokens. Is that not the case?
The idea of having a greater reward without having the demands for that rewards is not that sustainable at all. Most of the time the demands is meet on the beginning phase of the game. And when all the players meet the certain or required upgrades. Its like the end of the game. No Demands at all, and killing the economy of the game.
That's a nice analysis. This just makes me recall several gaming novels where the MC keeps finding new powerful weapons so he can sell them to make tons of money, but I guess it is not that easy for a P2E crypto game. Especially if their game is not attractive, to begin with. I wonder if those will change if a game as interesting as FF14 uses this model and rewards the users with something else other than tokens. If that works, maybe we need to have a great game and improvement in public perception towards crypto if we want it to be mainstream. Not as simple as minting tokens, feeding tokens, selling tokens, etc.
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Right now, Defi games are pretty quiet in the crypto space, maybe because I'm not that much of a gamer, but who knows if one day the coins under Defi games will suddenly become noisy in the future, especially now that we're facing a bull run?
But I still see a lot of crypto games played by gamers on YouTube and other social media platforms. And until now, sometimes I still play paly to earn games, but it's just for fun, not to earn in the games.
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Play to earn games promise is really good. But in the long run its not that sustainable, in some reasons.
The word play to earn is most likely defined as really play to earn. but in a real sense. Most of the game are played to earn in the beginning, but if the game really target to stay in a long run. most of the game become really competitive and really needs to pay first to earn. i tried some of this game and most of the time. its token/nft's lost its value do to either unlimited amount of token or its limited then the game would switch to another token making the first one unvaluable. But then again, some of the game becomes more competitive promising rewards, burning mechanism, or a switch on demands for the coin/token it rewards the player making a sustainable economy.
The idea of having a greater reward without having the demands for that rewards is not that sustainable at all. Most of the time the demands is meet on the beginning phase of the game. And when all the players meet the certain or required upgrades. Its like the end of the game. No Demands at all, and killing the economy of the game.
It's true that it's not really sustainable, because most of the time a game is hot in play or earn games. A lot of people have seen that during the era of Axie Infinity's popularity, to be honest. Will there be a new play to earn for a few days? The previous ones will definitely earn a lot right away, and then after 1 week it's gone; it's like a bubble.
That's how it is with play-to-earn games; now we don't know if the intensity of the hype of play-to-earn will repeat again in these times that we are living in now.
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Well talking about this, I think some see it as a revolution, but others are skeptical. Do you believe P2E offers sustainable value for players? What concerns, if any, do you have about this trend? Like which project do you think is perfect to be a p2e project?
The revolution in cryptocurrency is always changing all the time and this is what allows us to understand what business changes are.
Business changes in the cryptocurrency industry are very rapid, starting from Bitcoin as the first cryptocurrency, Ethereum as the mother of all tokens, Meme coins such as DOGE, SHIBA, PEPE, wallet, DEX, CEX etc.
Play to Earn or P2E is also part of the changing business in cryptocurrency whose results are currently very satisfying for those who are involved in it because they can generate a lot of funds.
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However, since there is a big Bitcoin event coming I'm not sure but I believe their token will skyrocket.
If you think some of these gaming tokens would pump, then maybe just focus on buying them and sell your bag later. I think that strategy is less time consuming but still profitable.
To be honest, you are probably going to earn more if you participate in events leading to upcoming airdrops than playing P2E games.
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However, since there is a big Bitcoin event coming I'm not sure but I believe their token will skyrocket.
If you think some of these gaming tokens would pump, then maybe just focus on buying them and sell your bag later. I think that strategy is less time consuming but still profitable.
To be honest, you are probably going to earn more if you participate in events leading to upcoming airdrops than playing P2E games.
Yeah, that's a good idea but I'm playing pixels but it's not time-consuming I just do plant and craft and sell them on the marketplace for 15 minutes and do some tasks for 30 minutes. After 4 hours I can go back to the game again, harvest all the plants, sell to the market, and do some tasks again.
I don't think it's time-consuming I just do it in my free time and the token that I earn from the game I also use it for trading their token is not so volatile unlike other memecoins but if you have a bit of technical analysis you can earn from their token bit by bit due to ups and downs.