Play-to-Earn games on ETH: What's the catch?

[marcous]

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

Games on Blockchain are not the same as Games outside of Blockchain so they can require a lot of things like Graphics and others, because Games in Blockchain are only played to get tokens and Game characters in the form of cards which can be sold to those who like it so the price benchmark also uncertain.

[DapanasFruit]

 Most probably, P2E will fail just like ICOs back in 2017. Thoughts?

I have the same feeling with all of this avalanche of many games using the P2E model. As of now, many are already falling in terms of coin prices and many have become a victim of their own circumstances. CryptoBlades is not anymore that profitable and many are leaving the game...am not so sure but I think the team behind is launching an extended gaming platform trying to get back to where it was months ago. The same is happening with the darling of P2E called as Axie Infinity though am crediting the dev team for doing all they can to balance things off. I "invested" money with PvU together with a friend and until now I failed to recoup the money I poured into it. Bad decision on my part.

[traderethereum]

The gamers who like playing new games, especially the games they like, will concern with the games and if they think that paying a high fee is worth enough to upgrade their equipment, they will do that.
I've seen that happen that many young people are playing those games and willing to use their money to upgrade their accounts.
If they do not want to pay a high fee gas, they can search for the other games that may be similar to the game they played but with a low fee gas to solve the gas fee problem.
But I do not follow any Play to Earn games on ETH or BSC or Matic so I do not know much details about that but I know that gamers have a passion for playing many new games.

[uneng]

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts?

For a game to be sustainable it has to have a sustainable in-game economy. Most of these games are just ponzi schemes which use the investments made by players to pump the in-game currency price, what means at some point it inevitably fails and every late investors lose money.

But if the game is good and entertaining it can work on long run, because there will be competitive players with legit interest for the game, especially those addicted players who desire to reach the top positions of the ranking. These players don't bother spending tons of money to boost their progress and have some advantage over their pairs. When it happens I think we could say competitive players feed farmers players who are there just for money, so the game becomes sustainable.

About ETH fees, well, that is easy to solve: just don't use it like many games are already doing right now.

[Xxmodded]

Usually all play to earn game have network with BSC so far I know and never found with play to earn game using ERC or ETH coin network, maybe any one have new play to earn game and still early for playing? I am not really trusted with play to earn game have running more than one months except with AXIE game have much salary to buy hero character.

[Oasisman]

Usually all play to earn game have network with BSC so far I know and never found with play to earn game using ERC or ETH coin network, maybe any one have new play to earn game and still early for playing? I am not really trusted with play to earn game have running more than one months except with AXIE game have much salary to buy hero character.

We kinda have the same thoughts.
Most of the play to earn games or NFT games doesn't seem to have a long term economic perspective injected to the game.
Unlike Axie who has a more competitive and possess a long term plans in terms of economic aspect.
I could've been invested more into the play to earn games that came out today, but I just don't want to trust their system more than Axie Infinity.

[minhtra]

Catch is your time

[aprilnot]

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts?

if it is on the ethereum network it is not profitable. but it's different if in other networks that have cheaper transaction fees. it can generate income for those who play it. and I doubt that during a bear market, such games will fail. because as long as someone is still playing it, they can survive in a long bear market though. so the focus of P2E game developers is how they keep game users still playing.

[Bttzed03]

~ it's not only passively playing the game to earn nothing. that's only making us feel tired.

Catch is your time

Apart from tx fees and price volatility of the native/in-game token, that's the other catch especially for those who are just starting. It can become passive though because there are games like Axie which allows you to sponsor other players and do the daily grind for a share of the profit. Some game NFTs can be staked too.

~ How does the game generate revenue by itself? I suppose it's not out of thin air.

I think this should have been given more emphasis in the OP. Each game economics is slightly different from others and you can usually find them written in the whitepaper.

In one game I know, the tokens used for creating a character goes to a reward pool and redistributed to players. The team doesn't really make money from that but it helps make the game sustainable.

[Ararbermas]

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

yup i agree with you mate.. Because you know knowing that most of the source of income nowadays is through online games especially NFT'S since 2019, perhaps it's impossible to fail..indeed NFT's will not become most popular around the internet if such kind of blockchain games will not work good and can't guarantee good return from gamers after all.. So it has a very strong support now, and it will not fail and for sure there's a big improvement of blockchain games in the future because of that reason.

[ultrloa]

Personally I don't think that blockchain-games will fail. There are a lot of gamers who has playing computer games as a hobby so with the development of their logic and graphic, I think that there will be more and more gamers who want to play. As for money, usually, gamers earn money from other gamers when selling different things in games.

yup i agree with you mate.. Because you know knowing that most of the source of income nowadays is through online games especially NFT'S since 2019, perhaps it's impossible to fail..indeed NFT's will not become most popular around the internet if such kind of blockchain games will not work good and can't guarantee good return from gamers after all.. So it has a very strong support now, and it will not fail and for sure there's a big improvement of blockchain games in the future because of that reason.

Well for project owners who ride the hype of NFT maybe we can see them prosper knowing that many people seeking for opportunity to earn online and this NFT is one of their option that's why many people invest on them. But for thinking that it will never be fail then somehow we should think according on what we see on the current trend where many rug pulls happening so expect about this so that you will not end up waking imagining your profit but in the end you get caught by scams and never retrieve back your money.

[Cling18]

Blockchain games are on-trend these days but not all of them last and end up being successful because, to be honest, some gamers only want to take profit at the beginning which affects the whole gameplay. One of the common problems is balancing which is mostly caused by the oversupply of the farmed coins. If the developers would know how to control things appropriately, then the NFT could run in the long term.

[UserU]

Apart from tx fees and price volatility of the native/in-game token, that's the other catch especially for those who are just starting. It can become passive though because there are games like Axie which allows you to sponsor other players and do the daily grind for a share of the profit. Some game NFTs can be staked too.

Seeing the ridiculous amount on the scholars fee, damn I'd take a hard pass on that.

[andeluna]

Play to earn games is not only in ethereum blockchain, lots of of NFT game developer is creating a cheap blockchain network like binance smart chain or BSC network, for me this the most cheap and not expensive network when it comes to P2E games lots of nft games is in a BSC network rightnow for example Cryptoblades, my defi pet, blockbank and cryptomines and so on.

[Abiky]

P2E is just a hype word promoted by those NFT & gaming companies. It lures youngsters who think "I can get rich from playing games." Just like gambling, you can win, but you can also lose money. It should be called risk games, money games, or soft gambling instead of play-to-earn

However, even though the term P2E is a bit misleading, some games are rock solid playable games and you can actually make money (a bit contradictory with my previous statement tho). You know, you can call slots is a play-to-earn game as well, so this kind of games need 18+ and responsible gaming as well. It's not going to die like ICOs, but perhaps more regulated. Definitely not gonna successful with ETH, as it needs more capable network.

"P2E" is just a catch phrase. Companies wisely use the term in order to attract as much people into their games. We cannot tell whenever this will be a success or a failure in the long run, since the trend is just starting to blossom. Personally, I don't think this will work, since Blockchain has scalability issues. Eventually, games running on scalable networks like Binance Smart Chain and Solana will become sluggish as blockchain transaction capacity hits its maximum. Games will perform better on a centralized server than a decentralized blockchain network. But as long as there's money to be made, nothing else matters. Regulations will probably come in, as governments want a piece of the pie. I wonder if blockchain-based games will require KYC after governments regulate them? That would defeat the whole purpose of crypto/Blockchain tech. We'll see how this will turn out in the long run. Just my thoughts

[ahoenk]

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts?

I dont think play to earn on eth is like 2017 ICO, its totaly different situation. 2017 ICO is just the project with no use cases proven and NFT play to earn is the project wich can be counted and the use cases is there and real.

[cheezcarls]

The growth of play-to-earn NFTs are unstoppable as of this point, so are those scammers. They mostly use Binance Smart Chain, Solana and Polygon network because of less transaction fees. ETH so far is very expensive and it will just lead to the devs moving to another blockchain.

[Ziskinberg]

Blockchain games are on-trend these days but not all of them last and end up being successful because, to be honest, some gamers only want to take profit at the beginning which affects the whole gameplay. One of the common problems is balancing which is mostly caused by the oversupply of the farmed coins. If the developers would know how to control things appropriately, then the NFT could run in the long term.

It ends up shortly, that is what I thought. They are promoting P2E gaming platforms just to get attention and encourage gamers to play with them. This is obviously creating hype on the market as a strategy that is used to extract high demand giving way for the developers to gain profit from the said event. But, I don't think they will keep this becoming sustainable,and might have think that they will leave when they got reach their target already.

[Abiky]

The growth of play-to-earn NFTs are unstoppable as of this point, so are those scammers. They mostly use Binance Smart Chain, Solana and Polygon network because of less transaction fees. ETH so far is very expensive and it will just lead to the devs moving to another blockchain.

That's certainly true, mate. Competing smart contract platforms like Binance Smart Chain and Polygon will experience greater adoption over the long term due to their ultra-low fees and blazing-fast speeds. NFTs and Play-to-Earn games are usually built on these chains because of the many benefits they provide. How long will they last will greatly depend on mainstream adoption. A long-lasting bear market will put most blockchain-based games up to the test, as there's a chance they'll become unprofitable. It's up to game developers to increase the reward in order to avoid gamers from moving on to the next big thing in crypto. If rewards remain the same during a bearish market, then what use will Play-to-Earn games have? Just my opinion

[pealr12]

I see hype surrounding Play-to-Earn games (P2E) lately, just because it brings a new income stream to gamers. Many people are greedy, so they recur to blockchain-based games with the hopes of making big bucks in return. While P2E sounds promising, it's limited to the underlying blockchain network's capacity. I sometimes wonder what's the catch of games which "give away money for free", since fees on ETH are so high right now. How does the game generate revenue by itself? I suppose it's not out of thin air. We'll have to see how this will play out during an extended bearish market. Most probably, P2E will fail just like ICOs back in 2017.

Thoughts?

I really can't say how the gamers will sustain any play 2 earn game in eth blockchain but in other less expensive blockchains like polygon and bsc I think both the dev and the gamers will both enjoy earning because the fees are relatively cheap,
Isn't the revenue use to sustain the games are already allocated from the supply pool of the projects! Plus there are some in-game items that are sold and this may probably go back into the pool, this is just my thinking.