NFT Play To Earn can make 50x - 100x?

[2tang]

For now, I really recommend buying NFT coins instead of buying the NFT, because the utility provided by NFT is still not worth it to buy,
yes indeed there are some projects like AXIE that are very feasible, but are there others?, if there is please mention

Apart from AXIE there are also other NFT coins such as Tezos, Sandbox, and Alice which are also still very feasible and good to buy if someone is very confident in the NFT coin because I personally still hold my money in terms of buying because Bitcoin which is the king of cryptocurrency has declined again in the market so it's now under $20k and that's making me a little scared to make a purchase at this point.

[FanEagle]

I really don't understand what is the use of NFTs and what are the benefits of holding them in the long run, apart from the hype surrounding it, I see almost no utility.

I think NFT is also one of those trends in the market that comes when the bull market is dominating and its hype will end when the bear market arrives. Now many NFT have dropped a lot and none of the hype stands out.

I do see a use case for them as "digital collectible", however that would require some form of standard for NFTs which currently doesn't exist. Now you can create NFTs on different blockchains in different forms (weblink that are without guarantee to work in a couple of years...) but nobody knows what will happen with all those in a few years. To hold NFTs for a longer time is currently extremely risky and I doubt it will pay off, most of them will probably go to 0.

That is the good and correct approach. We are talking about NFT's that are just hanging on by a thread, they are really just images at this point and this is not a joke, people who are in crypto, and buy bitcoin which is totally digital and have absolutely no utility at all and have no instinct value at all, calling NFT a bad investment should tell NFT investors something.

We are willing to buy bitcoin, but we think that NFT is bad. Because, NFT's are literally the only thing in crypto that is quite easily replicated and could be faked and it is one of the easiest to scam as well. Make something valuable and put it on NFT format and it may make sense.

[jaberwock]

I do see a use case for them as "digital collectible", however that would require some form of standard for NFTs which currently doesn't exist. Now you can create NFTs on different blockchains in different forms (weblink that is without guarantee to work in a couple of years...) but nobody knows what will happen with all those in a few years. To hold NFTs for a longer time is currently extremely risky and I doubt it will pay off, most of them will probably go to 0.

I think having NFTs as collectibles is not worth it simply because NFTs don't work in the long run. They're just profitable in the beginning just like what happened to famous NFTs before. Despite the hype, they are still not able to maintain their value. Instead of buying and holding NFTs, it's better to invest with good potential coins.

Not all collectibles are valuable anyway. There are collectors that collects almost any things as long as it got their interest and they don't care if these are going to be profitable in the long run or not because they won't sell them. The same thing can be applied when collecting nft's. If to make a profit is our main goal then nft's can be a bad choice but cryptos are best suitable for that matter.

@coco23
Use case means something is useful but in the case of nft's they can only be a collectible and collectibles usually don't have a use case or purpose but they are only good for displaying. I don't know what you mean by standard but is it some kind of a class or quality? If yes then there are also nft's that are like that.

[ningrum]

To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate

[someone703]

To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate

Not only for this trend, but many other projects have also dropped significantly since reaching ATH, and now there is a phase of elimination where previously hyped projects cannot sustain growth in this market. And basically, before or now when the OP made the article, I don't think it's the way to make a profit that I find reasonable, a plan to build from that point to the present. We've also seen a lot of projects do that, but I never thought it would bode well for the investment in the long run. Moreover, in this difficult period, we should not dream of it passing away; do not turn ourselves into gamblers with gambling games.

[Wawa2013]

To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate

I'm not sure the NFT trend will end just like that, because I think NFT is still quite high in demand,  it doesn't mean that the NFT project experienced
a dump, then we can conclude that investors are no longer interested in investing in NFT. Not even just NFT being dumped nowadays, all projects
have experienced a drastic decline, including Bitcoin which has fallen very deeply. Bear markets do make the majority of NFT projects fall in price,
but it won't kill all of them. There will definitely be NFT projects that will survive and will rise when the bull market comes.

In fact, it is very possible that we can generate very large profits from NFT if we dare to take the risk of buying an NFT project from now on.
But of course we need to do research and analysis first to determine which coins are worth buying, because not all NFT projects have good
potential. Then another important thing is that we should only use a small part of the capital we have to buy the NFT project, in a market situation
like now, we really have to focus more on investing in Bitcoin. Because after all, the risk of investing in NFT projects is very high, so we must really
be wise in making decisions.

[kotajikikox]

Hey there guys, I can see that there are lots of NFT Play2Earn projects and so many games coming out soon
This year made this trend so popular, I think in 2022 we will see even more NFT games
I watch YouTube videos and read influencers on Twitter to  find the best projects, how do you find long term unique games?
Found a couple good ones like Chimeras, successful INO it's a sold out, I can feel 50x potential but there are many games and I'm afraid that it's too much for NFT Gaming world
So what do you think? NFT Games are still underrated and I should continue to look for some gems or should I pick a different direction?

You can check out these NFT projects: Cryptokittens, Metabeast, Reptile Chronicles, Daosaur. These projects are ambitious and they have a really good conception.

lol cryptokittens? it has been long time now when this was first introduce and do you think this is still worth investing ? (Or maybe I am wrong about the kittens but I know i heard this when i was still new here)

To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate

Well there are still some Games that has potential but not those games like Axie Infinity that in the beginning i already knew that it has no future because it is a nonsense game.

[MiF]

I think it depends on the project not just because the projects is about NFT, play to earn it will make a 50× earnings there is also so many project that is all about gaming but never because successful one example os the CIFI project, i think it is still depend the team behind the projects because the team who develope the project has a very important rule.

[rodskee]

Hey there guys, I can see that there are lots of NFT Play2Earn projects and so many games coming out soon
This year made this trend so popular, I think in 2022 we will see even more NFT games

you are correct that there are more NFT games this year but the problem is? do those projects still become supported? i doubt it is.

I watch YouTube videos and read influencers on Twitter to  find the best projects, how do you find long term unique games?
Found a couple good ones like Chimeras, successful INO it's a sold out, I can feel 50x potential but there are many games and I'm afraid that it's too much for NFT Gaming world
So what do you think? NFT Games are still underrated and I should continue to look for some gems or should I pick a different direction?

You are talking about 2021, not talk about those this year? may we see what stands for those NFT projects even that mentioned SOLD OUT?

Maybe we cannot really predict NFT now at this year because of the failure of many games released last year and even now.

I think it depends on the project not just because the projects is about NFT, play to earn it will make a 50× earnings there is also so many project that is all about gaming but never because successful one example os the CIFI project, i think it is still depend the team behind the projects because the team who develope the project has a very important rule.

and you cannot even find one nowadays that will bring that big increase , maybe stop looking for too much and just look for x2 and enough.

[mont_peace]

PunkPanda is another cool project. Also suitable for gamers. After all, it’s not just about communication, they also have PunkPanda in the ecosystem, which will provide gamers with a great opportunity to “play to earn”. The official development of the PunkPanda Legends Web3 NFT game is coming soon.

[ivankoh]

This year made this trend so popular, I think in 2022 we will see even more NFT games

Given the popularity of NFTs, I think most price-raising actions have a clear motive - it is the adoption of NFT models that become possible in practice, the NFT game is still the model attracting great attention and interest, I think it will continue the path of more sustainable development / series of dispensers / NFT gaming can create a unique interaction of the world.  Of course, nft profitability is still a big plus but only if we go into the next bullrun season.

[TomArayaSlaya]

Best with NFT gaming is try to involve yourself into the whole ecosystem and then see what works for you I think the best way to play it is engage in the game activities and try to win some trophies and coins Sell them and use the money to recoup your losses and wait Maybe mainstream media takes a liking to such story

[justdimin]

Best with NFT gaming is try to involve yourself into the whole ecosystem and then see what works for you.

I don't know why but that sounds like a metaverse but nft has still a relation to it right? Many nft games are also shown on the metaverse category but why? When the mechanics of the game are not the same as sandbox where you can interact with different things inside the metaverse world but they are just a simple turn based games however like you said, the most important part is to know what works best for us because many of us can prefer simple games while the other finds it boring and prefer complex open world games (metaverse).

I think the best way to play it is engage in the game activities and try to win some trophies

Yeah, this is the perfect way to play a game. Not that you will only play the game because you only care for the profit. Once you feel that the game is not profitable anymore, you will easily abandon it.

[SlimShadyMmp]

Hmmh Do your research but serious Axie is really in the mud now if you look closely My take is simple just watch the space closely and pick games that have some sort of manageable economy and tokenomics Also I think try to play the game and see how interesting it is If its not that fun to fomo into anything called game and nft

[Balmain]

Isn't there a game that we can play for free, which does not require NFT investment in the first place and has the capacity to return your time. I looked through the posts but couldn't find any good advice. If there is a game with a real blockchain economy like this you know, you can recommend it. It might also be good to have a little discussion about it.

[Senialayl]

Hey there guys, I can see that there are lots of NFT Play2Earn projects and so many games coming out soon
This year made this trend so popular, I think in 2022 we will see even more NFT games
I watch YouTube videos and read influencers on Twitter to  find the best projects, how do you find long term unique games?
Found a couple good ones like Chimeras, successful INO it's a sold out, I can feel 50x potential but there are many games and I'm afraid that it's too much for NFT Gaming world
So what do you think? NFT Games are still underrated and I should continue to look for some gems or should I pick a different direction?

I don't know for what reason the play2earn games have been developed. For players to earn or for the developers to invest. Yes of course, in play2earn games, the NFTs and token are being sold to up the levels or feeding etc but what is the benefit to developers because no one play a game that is only having a loss. So I think, at the last, these p2e games scams and a lot of money of the game players go to the hands of project developers.  

[newdevices]

NFT is still not finished, and will continue to develop next year, especially in 2023 I am sure more and more Play To Earn projects will appear,
and indeed this is a good opportunity to buy play to earn tokens that have not increased, such as SHILL Token,
I recommend SHILL because SHILL is still not listed on Binance, if it is listed then we will see SHILL go to 10x

[nira09]

To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate

At the moment I agree not to expect tens of times profit in a short time from the NFT P2E project, or even any project, given the market conditions that are still likely to be bearish.
The project on NFT P2E may not be said to have ended, because there are still some projects that are still surviving and have many users, but the trend/hype is starting to dim.

[Dollar_Hunter]

Play to earn is still in great demand, but if you want to find altcoins Play to earn then you really have to analyze it in detail,
because a lot of play to earn projects are scams, this is why it is fundamentally important

[dark1234]

The nft game play to earn project is getting a lot of interest because it provides incentives to its members, and at this time whether the market influence of many projects can't reach the token sale target, but if we want to join, I think it's better to look for security to invest in nft game coins that already running like axie infinity with a lot of users and the current low price of tokens provides an opportunity for long term profit