Widdop37 (OP)
Member
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Activity: 130
Merit: 11
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August 31, 2022, 11:01:14 AM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
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ryzaadit
Legendary
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Activity: 2688
Merit: 1262
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August 31, 2022, 05:35:44 PM |
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What most P2E project need to provided is, how the burning system gonna work for their project.
Most problem for P2E is selling pressure, the player will focused to get their investment back first after that looking a profit. So, no matter what price of the token they're gonna to sell the token make the market of that token have more token in the market rather than buying demand.
So, until now most P2E project cannot provided this common problem for P2E project. That's why, most the token value is always dropped. If you investing on P2E Project, holding the token with a long term is not recommend.
Because the game it self always generated a new token.
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el kaka22
Legendary
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Activity: 3738
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
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August 31, 2022, 06:10:26 PM |
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Unfortunately the "good" ones are not good because the unfinished nature of them are just the fact that they will never exists. People keep thinking that watching a few gameplay videos will make you understand what kind of game it will be but I can promise you that it won't be like that.
Unreal engine 5 is out now, you think games will be able to use that and build stuff that would be realistic and then put crypto in it and make it online and hold thousands playing ALL at the same time? Of course not. But I can shoot a 5 minute video showing me playing that game, it won't be real and it will not exists but from the videos you will think it might be, and that's what people invested into.
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Baofeng
Legendary
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Activity: 2814
Merit: 1681
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September 01, 2022, 10:15:08 AM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I'm not sure what is good P2E now because there are a lot that suddenly pops up in the crypto sphere. And again, maybe they are down right now because of the bear market? not that much playing as compare to last 2019 or early 2020 wherein it made it's name and then many are making a lot of money out of it? And another advise, others might have to read this thread: [Warning]: Fake Cthulhu World project DM on Twitter, will steal your crypto.
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asriloni
Legendary
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Activity: 3220
Merit: 1033
Leading Crypto Sports Betting & Casino Platform
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September 01, 2022, 12:24:01 PM |
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Basically the product was only giving small contribution to the token price yet play to earn economic needs to be restructured. The developers are only building it blindly without even aware if inflation and grinders have become the main problem why play to earn was not so successful like another project that was working in the different field. I think that can be seen from how fast dump that happened with SLP. No more new players, the price down so fast. People complaining about their ROI.
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Jackl87
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September 01, 2022, 12:37:11 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I think that the current state of play to earn crypto projects is basically exactly the same as the one of all the other crypto projects at the moment especially those that only appeared within the last 2 years or so. The whole crypto market is still based around hype cycles in my opinion and one of those cycles that were ongoing in the last two years was the play 2 earn games. During the height of the hype wave there were dozens of new p2e projects coming up each and every day. Now that we are in a bear market that is already ongoing for several months it is not a big surprise that most of those projects are already dead again or almost worthless. I think that only a small percentage of all p2e projects will still be around in a few years.
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litepool.ru
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September 01, 2022, 12:46:25 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
There are many projects that I know of that only focus on catching up with the trend of launching tokens, but they don't bring a good product to operate and maintain the product they create. In this market, a few have been very successful in this area and applied many others, leading to a very false hype about the idea coming to the actual product. In general, if any party makes a quality product, I believe this field always has potential benefits that it can create, but to be more honest, my investment in this is still because of trends but not the quality they create in the product much, because basically I don't really have much inspiration with entertainment products like this.
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fuguebtc
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September 01, 2022, 12:54:15 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I am not sure how P2E projects will be in future but I can say that if the market is good, if Bitcoin recovers again and can make new ATH then not only P2E projects but all category projects will have the ability to do well. it is totally depend in whole crypto market condition according bitcoin It is true that the entire market will still depend on bitcoin but we are talking about the interest and hype of the future P2E trend. honestly, I think the p2e hype is over, the projects are all aimed at making quick money, the games are boring, and don't offer real experience called games and players also just want to make quick money, they never want to keep the game tokens. P2E has too many problems to solve if it wants to continue to attract players, otherwise it will disappear like ICO.
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Jancuki
Member
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Activity: 789
Merit: 10
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September 01, 2022, 01:31:21 PM |
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Most p2e game projects don't last too long, and the token price tends to drop even more. Seeing this condition I have left the project that smelled of gam since early January, because it seems most of the projects will not last long. Unless you can take advantage of the moment when it was just launched and then when it feels profitable, you can sell it. However, this method is certainly very risky.
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icalical
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September 03, 2022, 12:40:05 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I think most of those P2E crypto fall in price because all of them is basically the same, they just in different packaging. Most of them are just a similar or even identical MMORPG that rewards the player with collectible in game item. The player just move from other P2E game to another and make a profit from the greater fool thery, the one who come first will make profit the other will suffer some loss. What the P2E games developer need to do to be successful and stay for long term is find something new kind of game and concept.
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Beparanf
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September 03, 2022, 12:45:56 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I think you are investing on a slowly dead project in the future if the project is still not completed yet since this play to earn games only get there profit on token value. Devs is liquidating there tokens to fiat to cover there development fund in the long run. Developing a project in the long run with less fun are surely gonna fail in the future. Axie is one of the P2E project that almost completed there game but still the price of there token sinking due to low demand on this kind of tokens. Investing on P2E games nowadays is very risky because there’s only few demands ATM on there tokens.
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Tony116
Legendary
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Activity: 2366
Merit: 1023
DGbet.fun - Crypto Sportsbook
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September 03, 2022, 01:14:49 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I think you are investing on a slowly dead project in the future if the project is still not completed yet since this play to earn games only get there profit on token value. Devs is liquidating there tokens to fiat to cover there development fund in the long run. Developing a project in the long run with less fun are surely gonna fail in the future. Axie is one of the P2E project that almost completed there game but still the price of there token sinking due to low demand on this kind of tokens. Investing on P2E games nowadays is very risky because there’s only few demands ATM on there tokens. There is a possibility that they will disappear after this bear season, or maybe they will continue to create another explosive trend in the market, it is quite difficult to predict what will happen in the future. But it's obviously too risky to invest in P2E tokens these days. Further risk when OP invests in unfinished projects, and unfinished products while the token value has decreased by 93%, the possibility of OP losses is quite high.
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jossiel
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September 03, 2022, 01:33:39 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
Much better if you'll lay off yourself from P2E games at the moment. Most of them are no longer encouraging as what they've used to be before and all of them are hit by the bear market. I guess majority of them won't be able to survive and if there will be some that shall remain, they will just a few of it. It's not the same anymore and the bear market really removes a lot of projects. From the usual crypto projects to P2E games and other types of crowd funding in the market.
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coin-investor
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September 03, 2022, 02:11:52 PM |
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Almost all good play to earn games that I am looking up to are not completed yet and their tokens are already down marginally, most are down to 93% in price, do you think that after the products are completed some play to earn games can be successful? What do you think about the future of projects like Monkey League and Thetan Arena on the long term.
I have three P2E tokens AgeOfGods, Riseofthedefenders, and Ancientkingdom this particular one I am 99% down I am an investor when they launch in launchpads I'm just glad that I did not pour a lot of money, I don't expect much on these investments I think the P2E hype is over, its just sad that I did not sell earlier to cut my losses, all the other P2E are not doing well its better to look for the top coins in the market than invest on projects that thrive on hype, Bitcoin, Ethereum and other coins in the top are still the best to be added in your portfolio.
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Road21Bitcoin
Copper Member
Member
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Activity: 271
Merit: 40
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September 03, 2022, 02:49:25 PM |
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The hype for Play to Earn is over! As far as I remember I lost $800 + investing in these games Axie Infinity, Plant vs Undead, Polkamonsters, I forgot the names of the others. I already learned my lesson: never invest your money into Play to Earn games; it's just a waste of time. I have invested $50 to this project: https://synergyofserra.com/ and still I'm waiting for months when this game is playable.
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Xal0lex
Staff
Legendary
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Activity: 2674
Merit: 2636
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September 03, 2022, 06:42:49 PM |
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I don't know about these specific projects, but I'm sure the play-to-earn industry, in conjunction with NFT and meta universes, will continue to grow and invest well. I've recently been reading a couple of analyst reviews that give statistics about the increase in interest and development in the play-to-earn industry. By the next bullrun, for sure projects in this business model will grow. I'm not sure if the old projects that came out last year will grow, but still, the industry is not dead. Likewise, I am not sure that in the next bull run these projects will not be used only for speculation. After all, the crypto industry is still too young and most investors are only interested in profits, not real application of the technology.
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fzkto
Sr. Member
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Activity: 2282
Merit: 439
Cashback 15%
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September 03, 2022, 06:47:44 PM |
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I think the p2e phenomenon will not be long term, because all these games have too strong inflationary model, when every player earns coins, its end up devaluing. And then you can also add the fact that all these games have terrible gameplay and SegaMegaDrive graphics. I think only school kids and development geeks are interested in this.
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dothebeats
Legendary
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Activity: 3808
Merit: 1355
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September 03, 2022, 07:02:28 PM |
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P2E games are a thing of the past. It obviously wouldn't work in the long term, especially if the community is focused so much on gains and profit for themselves without even reinvesting some of their earnings back to the ecosystem. Also, what most P2E devs failed at on their games is that it's solely focused more on giving the players rewards without thinking of how to balance the economy. The ending? The game fails, and the value of the game's token tanks like there's no tomorrow. For those wanting to play P2E games, better invest early and get profits as early as you can then get out. It's like an HYIP with extra steps at the end of the day
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cheezcarls
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September 03, 2022, 07:17:38 PM |
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I think it's about changing the narrative.
These games were suppose to be for fun and not for making a living. Before the P2E trend started, there were tons of gamers worldwide who have spent hundreds or thousands of dollars for these games like skins, bundles, etc., without expecting anything in return even if the game shuts down in the near future.
Because of the term "play to earn" or "P2E" itself, it's not sustainable and draws a lot of criticisms and being hesitant to engage themselves in the play to earn space. The Gamefi industry should now focus on what games were really meant to me, which is for fun. Crypto, NFT, etc., should only be treated as bonus perks on top of having fun playing these games.
It's time to remove this term instead but we can retain "GameFi" to condition the minds of gamers letting them know that these games are only for fun. It's just that the edge of Gamefi is that we own the skins, bundles, etc., in the form of NFTs.
Just my opinion guys.
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BIT-BENDER
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September 03, 2022, 07:50:46 PM |
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Gaming itself has always been a thing we can all regard as exciting and good gaming always draws in a good Number of people to itself, P2E play to earn gaming is actually a good innovation it's a sector in the crypto-currency world that has futuristic potentials but few restrictions are hindering it.
#misuse: Far too many new projects are setting up play to earn gaming, it's attractive and project teams and Developers see this possibilities so they add it to their project.
# low quality: too many projects adding play to earn gaming and many of them are low quality, I have been optioned to play some and it wasn't worth it, this generally has discouraged me from trying out more and so would it discourage other too.
Even though the play to earn gaming is a possibility on the rise having issues like this could quickly snuff out its light.
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