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Author Topic: That is why play to earn concept is a massive failure  (Read 413 times)
tygeade
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February 12, 2022, 05:25:43 AM
 #41

At first we should know probably what their aim is not user's experience but profit. We can see on some play to earn games, who doing it with free account wouldn't survived that easily and even who pay it must pay more and compete in how high we can pay the character or anything else or maybe stuck with gacha which sometimes give us bad thing too.
It’s always the same thing with all of them, there wouldn’t be a game that you would play with a free account and be able to win and earn something reasonable. It’s not really a game that is fair to play and relies on your skills. it has nothing at all to do with your skills, it only has to do with your money and how much you are able to invest in these games.

I do understand that the reason why the developers are doing this is because they also need to make their own money, because if it was a fair to play game that has to rely on skills, then people would rather rely on their skills than having to spend money for them to be able to earn from the game.

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February 12, 2022, 05:51:56 AM
 #42

I completely agree with this.

P2E is another buzzword that is used by marketers to push their own agendas. In reality, there is very little utility for the games that they launch, and the fact that they are so hierarchically skewed towards capital holders and early adopters.

Pyramid scheme would do the P2E genre justice. The people who come late get pennies.

Smiley
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February 12, 2022, 06:48:39 AM
 #43

I feel that the Play To Earn concept can lose its popularity sooner or later because I do not see that players can earn much before competing with the others. The other people will earn more, especially if they can deposit some money and buy stuff from the games to increase their power to defeat the other player. I think the dev needs to work more to invite more players and give them the other things to be excited to play the games.

But maybe I am wrong on this since I do not play to earn like other people.

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February 12, 2022, 07:45:58 AM
 #44

So many existing p2e game is only getting the new users that created by the existing users. I meant there are so many farmers in this kind of game. This is making the game become unsustain caused by farmers are having intention only to dump tokens earned from the game. We have so many games that already dead and this proven that this ecosystem was only for short term.
I do agree with your statement about this ecosystem. The new user didn't wanna join caused by too much farmers. When there will be a limitation for the account that can be created to keep the ecosystem will sustain and this is good. I avoid to invest in the NFT that related with play to earn. Axie has proven if it's not worth and only full with hype

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February 12, 2022, 08:07:03 AM
 #45

well, I also think that there are systems to watch out for in the P2E world. Just like Axie, every day there will be more and more people playing it, and people are making Axie more and more. every day people make millions of SLP. however, sooner or later, SLP will have a low price as the players of this game get bigger. well, maybe I don't understand something. however, I think that there will come a time when there will be more Axie users, and the level of SLP sales in each tier will make the price even lower. well, this may apply to other P2E. I took axie as an example because I feel that it is the best P2E game to date.

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February 12, 2022, 08:18:16 AM
 #46

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.
That is clear and almost similar to other things too, for example like the people on this forum, when you are at a very high rank, then you will get paid very much and that is clearly profitable because not everyone have the same rank now.

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February 12, 2022, 08:26:30 AM
 #47

Looks like a Pay To Win concept rather than Play To Earn, but as far as I see it is like that, new players will only be used as virtual slaves, those who have little capital or don't understand the meta game will lose capital here, even in my opinion every few seasons meta games are always changing, that means we have to buy meta characters to win the game.
Yappp, it will be there because people who have money and want to spend it are what make the project work and will attract a lot of players because of the money coming in.
In the long run it's up to developers who want invest their time and their mind in order to survive, if the project only want to follow the trend then this is only short term trend and will die.
There are many example in this new type of blockchain game and now many people think axie infinity game are going to die.
Actually it's only up to developers&CEO who decide This is The End
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February 12, 2022, 08:40:10 AM
 #48

Play to Earn so far has not been perfect, because it is more burdensome to someone who has a large capital and enters early as a winner, well, I think all cryptocurrency concepts are the same, everything will be lively at the beginning and will disappear soon as well as the play concept to earn in cryptocurrency.
It's almost the same if we study it conceptually initially, although there are also differences, but only slightly because whatever the trend is always better in the beginning and will be very bad in the end like what happened with the coin meme last year.

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February 12, 2022, 08:49:15 AM
 #49

Quote
The play-to-earn model on its own is unsustainable. By its very nature, it creates an unsustainable pyramid scheme-like system where new players buy in only to create and sell digital goods to those who buy in after them. Above and beyond that, it creates a culture of virtual indentured servitude where individuals are dragged forward by the threat of a lost investment to play a video game at the cost of their own mental and physical health.

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.
Actually, this kind of thing isn't only applied to play to earn model games but all of the games with different genre.
See other MMORPG games for example (not NFT). User registration is only high at its releasing date and its succeeding weeks but after that if the users see the game as hard and repetitive then the number of users registering the game and play will decrease daily.

In terms of the play to earn model particularly the NFT games, I'm playing NFT games and I can say that its kinda like a pyramid scheme like system where early adopters of the game will be the ones who will earn the most. Well, the good thing though in these NFT games is that you have an opportunity to earn while playing unlike playing other games where you are spending money to buy skins or anything related to the game but no return of the user or maybe fun but you can enjoy while earning in these P2E games right?

 
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February 12, 2022, 09:18:28 AM
 #50

I see that. My friends are losing a lot of money caused by they have joined in this play to earn a game at the late game. So many early adopters have been leaving the game and this is also putting the game with no demand. That means the tokens have no value. This concept needs a lot of solutions. People are still looking for more play to earn as they can make a lot of money once they will able to buy in early. So many holes in this mechanism and this makes the dev has so much homework to solve this problem. It's too early for the play to earn to be big project with two digits billions marketcap. I think that so many things need to be solved as soon  as possible started from the economic, inflation and many more.

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February 12, 2022, 02:38:31 PM
 #51

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.

Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.

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February 12, 2022, 05:46:49 PM
 #52

I have quit with play to earn concept game and coin because not have potential as long term keep profitable, last time I try play to earn coin first time price up and few days only trough active playing price dump almost 80%. I think never try with play to earn coin for investing or buying character NFTs because not keep consistent for long term profit, coin can suddenly dump extremely and loss much money if you keep make play to earn coin as investment.

You are right, in fact at one point I was going to enter one of the best games that they had considered from the beginning, but for reasons of life I had to do a lot of corresponding errands with my 4-month-old daughter and she left a lot time on it, after I wanted to do it, something prevented me, then I saw that the price fell more than 60%, then I believed even lower, the discord and telegram of that game said that it was only a strong correction and that it was safe to enter, which was cheaper, but when these things happen, everything is already damaged, there are cracks that cannot be repaired and the price went to less than 1 USD, the number of people they lost was gigantic, from that moment I did not believe anymore in NFT games.

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February 12, 2022, 06:15:05 PM
 #53

Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.
It would be difficult to find a better example of a Ponzi scheme.
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February 12, 2022, 06:59:20 PM
 #54

... Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.

If you are among the early users when even the game coin is not traded anywhere, you have a great chance to earn these coins for the purpose of subsequent sale to the listing. But the problem is that no one knows how much this coin will cost and whether it will be traded at all. In this case, you can just lose your time, or if the game is interesting, enjoy the game.

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February 12, 2022, 07:28:18 PM
 #55

the most advantageous are those who enter early, can understand the meta quickly and get cheaper character prices, the concept of Play to earn is sometimes more like pay to win now, you have to have stronger characters to win.
Almost all the play to earn games loses value over time. This means if you have invested in play to earn games, a few month ago, you would be in a big loss. Axie Infinity is a perfect example for this where a team of three axie cost you around 1200-1500$ two month before. Now the same team can be formed in around 150-300$. Think about those early investors, who must be in a big big loss. The reason for this is poor planning from the game developers who do not think if the game is sustainable over time.
The cost of team before are quite expensive but the price of slp and axs is not heavily dump as today and investors can recover what they invested in a short duration of time. Now the teams cost are quite cheaper that is because the value of the slp or the axs have also decline and it will now be harder for them to gain their investments.

Axie have a roadmap just like a typical crypto project therefore you cant say that the game is poorly planned but can we just assume that there are competitors and people have jumping to other games when they think the other game is more fun and more profitable? I think every crypto project have foreseen that possibility. It is unavoidable.

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February 12, 2022, 09:15:54 PM
 #56

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.
I have never had interest in all these games, because I don’t really see the need for me to be doing such, investing my money and also having to stress myself physically and mentally trying to earn after I have invested. I would rather look for good assets and invest in them knowing that as time goes on they will generate value for me, and then I will also look for other things that I can do to keep myself busy.

If I felt like I want to play games, then I have some high end games that I’m interested in playing and not all those little games that they would usually set up as play to earn. They don’t interest me at all.
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February 12, 2022, 09:31:34 PM
 #57

...

If you have any data that shows the number of users increasing then please provide the link here. Axis infinity is a very popular P2E model and they have huge active users. It's wise to check bigger user base games because that's where most of the money flows and gamers are more focused on.
I don't have those numbers yet but it remains true that Axie players or investors are moving their money around but still within the P2E ecosystem. Some people I've talked to moved to games like Bombcrypto and they are also on the lookout of newer games about to be launched. Axie is a good reference but I insist that it's not enough to conclude or assume the hype is fading and players are decreasing.
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February 12, 2022, 10:32:55 PM
 #58

The hype is really great and there are many projects claiming to come up with P2E games but you cannot expect them to release the best version from the start. Right now the fees are really high and there is not much great games either but in the future we can expect interesting games coming up when big game development companies start producing P2E games and then the entire landscape will change.
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February 12, 2022, 10:45:06 PM
 #59

Quote
The play-to-earn model on its own is unsustainable. By its very nature, it creates an unsustainable pyramid scheme-like system where new players buy in only to create and sell digital goods to those who buy in after them. Above and beyond that, it creates a culture of virtual indentured servitude where individuals are dragged forward by the threat of a lost investment to play a video game at the cost of their own mental and physical health.

All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame.
Just to say that once there is new, it easily gets in the hype and people will choose that while leaving the old one. At this time where major gaming companies are offering that Play-to earn platform, this serves a market competition as well. Like mentioning Axie Infinity, looking at their performance now, they are absolutely in decline after another project comes doing the same.
So, if you are early adopters and can ride the hypes, you'll exactly in huge profit but if not, well, you can still earn some but not compared to them. 

 
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February 12, 2022, 11:43:46 PM
 #60

Most of the famous game, will eventually decrease in terms of unique gamers that are gonna be registering in their game.
doesn’t necessarily the trend of blockchain gaming is fading and going down with flame, because if the active users are still quite many and most of them are still normally trying to make some money by playing the game, I think it could be said that the trend is still there.
if you seek for higher statistics of new unique users registration in game, then try seeking these new games that just opens up their games recently, that’s exactly the place that you’re truly looking for if you wanna see if the trend is still going or the opposite is happening.
even if the existing famous game platform that revolves around blockchain eventually fades, there’s always new blockchain game that gonna be taking over.

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