That is why play to earn concept is a massive failure

[kaya11]

Still it depends on how fun the game is, skin colour means a lot for we hardcore gamers, I'd want to wear Arnold Schwarzenegger skin in call of duty multiplayer or use some custom skin in ninja like format, people spend money on skins mate but it depends on how fun the game is anyways.

I agree, good example is Dota Franchise. Look how old it is, the players are increasing and the game keeps on updating. If ever there would be play to earn games that would stand a chance, maybe another moba game with good quality characters that can compete with Dota2. It is massive and yearly it has and International Championship with millions of dollars at stake. Look at Axie now, slp fells and new player are dismayed and frustrated because they've bought their teams at high prices and the revenue is far from expectation.

[redwine49]

Backthen i know about PYR. It's a really good game ecosystem. the dev can be trusted to provide many quality games to play. there are many promotions which you can get income & free NFT, but now there are not many promotions since they entered the binance exchange. i don't know which game you play there. but now i don't follow much because i don't have much time

The main capital in playing any game is time, and when you don't have much time, then obviously there is nothing new that you can explore for now because every day there is always something new that may also be very important for those who can use it to know at a certain place.

Yeppp, we all know everything need time even just playing a game to earn money or replying your post

IMO, I believe that blockchain base P2E games are no different from any other crypto-based platform in the industry and it was bound to fade or even failed later, maybe they were just created for that purpose. But anyway, we should learn how the crypto industry works because all of these crypto-related things are working similarly, just like the other existing platforms, that's why most of the crypto projects are failing sooner or later and P2E games are not exempted from this reality.  

I still believe that some P2E games will survive, not many because these are all competing against each other over who will be the champion.
In the last 1 decade the world of cryptocurrency has evolved and changed a lot, we've seen what used to seem impossible to achieve.
Even though many people have lost a lot of money, cryptocurrencies still exist despite their own opinion.

[ultrloa]

Still it depends on how fun the game is, skin colour means a lot for we hardcore gamers, I'd want to wear Arnold Schwarzenegger skin in call of duty multiplayer or use some custom skin in ninja like format, people spend money on skins mate but it depends on how fun the game is anyways.

I agree, good example is Dota Franchise. Look how old it is, the players are increasing and the game keeps on updating. If ever there would be play to earn games that would stand a chance, maybe another moba game with good quality characters that can compete with Dota2. It is massive and yearly it has and International Championship with millions of dollars at stake. Look at Axie now, slp fells and new player are dismayed and frustrated because they've bought their teams at high prices and the revenue is far from expectation.

Well its undeniable that the value of slp drop down badly but we also need to consider the number of players minting their tokens everyday and minus the burning rate of the tokens so expect the value will dump since the burning rate is so low these days that's why the dev are working now to balance their economy that's why they take out the daily rewards from adventure and daily quest. And for this action it can help the economy to recover since it will eliminate the over minting also the bots farming it.

Also their V3(Origin) is bound to launch so for sure it can help their token to reach its another peak once that update release.

Note: I don't recommend anyone to invest and DYOR.

[danherbias07]

It is a pyramid scheme. I believe that. There must be money that comes first for them to give back.
But, why not try to compare it with just normal online games. You pay for skins for the pleasure of your eyes and play the game spending a lot of time and money. What did you get at the end of the day or when the developer decides they cannot continue anymore? Nothing.
If somehow, at this pyramid scheme I can get my ROI and some small profit then it's worth it than nothing at all. I enjoyed the game and at the same time a chance to earn some even at small amounts.

[laredo7mm]

It is a pyramid scheme. I believe that. There must be money that comes first for them to give back.
But, why not try to compare it with just normal online games. You pay for skins for the pleasure of your eyes and play the game spending a lot of time and money. What did you get at the end of the day or when the developer decides they cannot continue anymore? Nothing.


If somehow, at this pyramid scheme I can get my ROI and some small profit then it's worth it than nothing at all. I enjoyed the game and at the same time a chance to earn some even at small amounts.

Yes as long as you are enjoying the game. Most of these games are no fun because there is a total imbalance of power between new users and experienced ones. There is no chance for new users to level up or win against those users that have powerful weapons which can only be found on the super expensive box. As soon as users understand that it's not possible to level up without investing money they gave up and those who invest money are stuck there because he needs to inject more money to further level up. You need to invest money, sleep, and time to earn some profits. Is that really worth it! I don't think so. I agree with you its a pyramid scheme.

[Mauser]

I am also struggling to understand the value and lifetime of such play to earn schemes. As soon as the inflow of new players stops and no new money is being added to the system the values drop sharply. I understand that advertising and promotions are one form to create value for the goods, but these are usually not permanent contracts and will eventually. I noticed that for certain games artificial items that offer bonuses or cosmetic changes are the best way to retain value within the game. These goods usually involve rarity and are hard to obtain to be valuable. In the end it seems that only the most popular games manage to stay profitable, most schemes eventually drop to 0.

[topbitcoin]

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.

[michellee]

Related to the play-to-earn concept, I think it is still the same before integrating it with the blockchain. But with blockchain, the player can earn something that they can sell at the market to make money. The real concept is all about money but with a different face to attract those unfamiliar with the games and make them curious about how to play while earning money.

I am not too understanding about play to earn but I think that is what I can get after playing games such as league of kingdoms. I do not know if that play to earn can grow more than now since it needs to work there and here, making the developer more creative or doing something that can help the games survive.

[Psynthax]

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

It's hard to say but this makes it looks like a ponzi scheme. People need to pay to buy the item from the early adopters to be able to play the game and what's the different with ponzi that force you to get into the early game to get a huge money from this scheme? So many holes in the play to earn schemes and this needs more research. The game developers forced people to pay before we can try to get experience with 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.

Early joiners = winners. This is how ponzi scheme work as well.

Unique users registration is decreasing day by day which shows the hype is going down with flame.

The new registrations are coming from the grinders and it's not from the native users or new players.

[poodle63]

its true that these kind of model is unsustaining, the game developers behind the project instead of creating more and more products with the growing of the users instead they just staying with the existing games.
as a result, they get less and less new gamers because as you said the early birds are getting the most of the revenues generated.
just like axie, you can see so many NFTs generated out of the game and that created a great effect of making the price of that NFTs going down for the simple fact that its kinda easy for big guilds that have many scholarships in earning so many of these NFTs all at once and they usually have target for earnings.

[SquallLeonhart]

Early joiners = winners. This is how ponzi scheme work as well.

Early joiners in most defi projects last year were basically doing exactly that. They knew that there would be a big big chance that it turns out a scam, but they still risked a lot of money (combined, maybe little individually) just so they could get in at the first day, see the super increase on release, sell there, and get out.

Price could be near zero by day 10, but they didn't care about that at all. This is what we are facing right now with most stuff, nft, metaverse, all these new things are doing the same thing. People do not care what it will worth in 10 years, they care about what they can make on the release date and that is it.

[Yogee]

...
Can you provide data or statistics about the "decreasing day by day"?

Look at this chart of one of the popular P2E game axis infinity. Data shows the number of active users is in decline but the fact is the number is much higher. Because many of these active users are not unique and already existing users who play from other user accounts and share the profit 50-50 between them. This system become very popular in the Philippines and 40% of total users are from that particular country.

Have you checked other P2E games if the number of new users are also decreasing? Why limit it to one game when your post talks about the totality of P2E model. Many old time players have left and sold their Axie but they didn't leave the space entirely. They just moved on to other games. You may argue that they aren't considered as unique users but you cannot also say people in P2E are decreasing everyday.

[Oilacris]

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.

Its expected on a certain trend on which if the hype goes down then expect that people would be flocking out into something new.People would really tend to get in as early as they can thats why you

could really see rushing up on making investment on something new on which it do really leads on losing money considering that there were lots of rug pulls that do happen in the market.

This is why there's no other way but to make yourself that aware of the risks and only invest on the amount which you could afford to lose.

[laredo7mm]

...
Can you provide data or statistics about the "decreasing day by day"?

Look at this chart of one of the popular P2E game axis infinity. Data shows the number of active users is in decline but the fact is the number is much higher. Because many of these active users are not unique and already existing users who play from other user accounts and share the profit 50-50 between them. This system become very popular in the Philippines and 40% of total users are from that particular country.

Have you checked other P2E games if the number of new users are also decreasing? Why limit it to one game when your post talks about the totality of P2E model. Many old time players have left and sold their Axie but they didn't leave the space entirely. They just moved on to other games. You may argue that they aren't considered as unique users but you cannot also say people in P2E are decreasing everyday.

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.

Its expected on a certain trend on which if the hype goes down then expect that people would be flocking out into something new.People would really tend to get in as early as they can thats why you

could really see rushing up on making investment on something new on which it do really leads on losing money considering that there were lots of rug pulls that do happen in the market.

This is why there's no other way but to make yourself that aware of the risks and only invest on the amount which you could afford to lose.

In the P2E model game users only care about where they will have the biggest chance to earn profits. Also, those game and their developers are bringing new upgrade everyday to keep users into their platform.

[letyouearn]

Play-to-earn is good enough if the game itself is nice and interesting to play. All the worst play-to-earn projects look so bad just because of this reason - their gameplay suxx...

[goinmerry]

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.

Regardless of what the game feature is, the main reason for play-to-earn games to be successful is only because of HYPE. There are lots of games already that we can fairly say have a good build and features but without hype, those games won't attract the players.

I have seen lots of good graphics play-to-earn games that didn't get the attention of the masses.

We just have to hunt that best game and hope for the best result if we risk money on those.

[kojektea]

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.

[asyakashi]

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.

[lvsca]

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.

[eXtremal]

So far, only the axie infinify game Play to Earn has lasted for quite a long time, although some time ago it experienced a drastic decline, even changing the income system to be very small, but they said it was only temporary, because currently there is no income that is not in accordance with the capital obtained. Besides, axie infinity many Play to Earn games were discontinued because they failed.