Anyone else feeling let down by crypto Play to Earn gaming sector ?

[Len Saldua]

With DeFi projects struggling to regain trust since LUNA's collapse, and the current bear market I think this was the perfect time for the play to earn gaming sector to explode, or at least to gain traction in the way Axie Infinity did in early 2021. Sadly just there aren't any exciting offerings right now that I can see... Illuvium and Star Atlas, two of the first "AAA" games in the space are still in development, and may be for another year or so. I heard Marvel was getting into the space with their own breed of games soon, but so far ... nothing, same goes for "Swords of Blood", another AAA game that is still in development.
I mean, it looks like 2024 will be a great year for crypto play to earn games when these games get released, but what do we have now, 2022 ?  DeFi Kingdoms ? TownStar ? My Neighbour Alice ? Gods Unchained ? Yes we have those ( unless I'm mistaken ) and they kinddaaa look interesting but to be honest they can't possibly compete for users with the mainstream games currently out there, which will cost you money and won't earn you a penny. Let's face it, some of us older gamers here don't have many spare hours a day , maybe one hour, and if that hour will earn me $20 and looks kind of lame or childish, I rather spend that hour playing something that looks amazing or intricate or fun , even if it costs me money. So it's a long shot for Gaming studios like Gala Games or Vulcan Forged to try to lure new gamers into the space in 2022 -2023 with the current lineup of childish and lame games we have.

[blockman]

I may be optimistic about the game's release in the next years to come but I'm no longer that optimistic about the concept of play to earn. It's just based all on the hype which made the demand higher. They really were interesting back then but if all of these games will be played based on how profitable they are, they'll lose players eventually just like what's happening right now for most of the popular P2E games. IMO, games should be played to have fun because if they're having that P2E mechanics and it's attached to the volatility of the market, many newbies would fall for it again without understanding the economy and the crypto market.

[theskillzdatklls]

No, I expected it all to crash the way it did. It was a completely unsustainable business model.

Until there's actual technology that makes sense behind it, it will never work in any long-term meaningful sense.

[abel1337]

With DeFi projects struggling to regain trust since LUNA's collapse, and the current bear market I think this was the perfect time for the play to earn gaming sector to explode, or at least to gain traction in the way Axie Infinity did in early 2021. Sadly just there aren't any exciting offerings right now that I can see... Illuvium and Star Atlas, two of the first "AAA" games in the space are still in development, and may be for another year or so. I heard Marvel was getting into the space with their own breed of games soon, but so far ... nothing, same goes for "Swords of Blood", another AAA game that is still in development.
I mean, it looks like 2024 will be a great year for crypto play to earn games when these games get released, but what do we have now, 2022 ?  DeFi Kingdoms ? TownStar ? My Neighbour Alice ? Gods Unchained ? Yes we have those ( unless I'm mistaken ) and they kinddaaa look interesting but to be honest they can't possibly compete for users with the mainstream games currently out there, which will cost you money and won't earn you a penny. Let's face it, some of us older gamers here don't have many spare hours a day , maybe one hour, and if that hour will earn me $20 and looks kind of lame or childish, I rather spend that hour playing something that looks amazing or intricate or fun , even if it costs me money. So it's a long shot for Gaming studios like Gala Games or Vulcan Forged to try to lure new gamers into the space in 2022 -2023 with the current lineup of childish and lame games we have.

Bad Tokenomy is one of the reason why those games failed aside from being low tier graphic games. As we know, There are so so many low quality games that have been introduced to the market and most of them are brought by hype. Those games surely did acquired amazing marketcap but it didn't last long because of their unsustainable token model. Most of the people who entered to those games are just aiming for the profits and not because of the game. There are so many boring games that have acquired the spotlight like MyDefiPets, CryptoBlades and other that flop. I don't include axie infinity because I think they are successful in the market despite of the hate and the token value they have right now, They are still doing progress and it is the important thing to have in this early gameFi stage.

[Yogee]

.....and the current bear market I think this was the perfect time for the play to earn gaming sector to explode, or at least to gain traction in the way Axie Infinity did in early 2021

It's just a testament that there are more investors in the gaming industry right now than actual gamers.

There are only a few willing to spend time build their accounts while not gaining much in return.

It's a waiting game for the majority of crypto investors. They understand market volatility and you'll probably see them re-enter P2E games again once the world market recovers.

[Natalim]

We just see a huge market crash in the crypto gaming industry this time as the market has been in bear condition but maybe we can still see them growing back a few years from now when the market rallies again. In fact, it was a booming sector last year and many people come to this P2E platform which it makes interesting but it slowed down after Bullrun. I'd still consider them in a parabolic situation, not a total disappearance of this sector.

[milewilda]

.....and the current bear market I think this was the perfect time for the play to earn gaming sector to explode, or at least to gain traction in the way Axie Infinity did in early 2021

It's just a testament that there are more investors in the gaming industry right now than actual gamers.

There are only a few willing to spend time build their accounts while not gaining much in return.

It's a waiting game for the majority of crypto investors. They understand market volatility and you'll probably see them re-enter P2E games again once the world market recovers.

Whether it would make out some recovery or would be totally close out since each trend or whats new does have its end point but since this market does suffer external economic problems then there might be still some chance that it would really be going into the opposite side and would be getting much attention once again if ever these problems would be over but we shouldnt anticipate for it to
happen so that we wouldnt really get frustrated if ever it would really be on its end.Back into last 2 years where play to earn did really get soo much interest or when that DeFi
make out some significant noise but we know that not all would really last forever.

[harizen]

After all that happened, you should already know the risk of putting money in any Crypto P2E based-games.

Hype doesn't last for long that's why you need to take advantage of it while it was currently trending.

As a gamer myself, I don't feel any letting down since after all, I enjoy what I'm doing without expecting any big return. If I'm putting money on several games before and even today in non-P2E games, then as long as I loved playing that supposed P2E games, it doesn't matter to me if I don't get a profit with it.

Obviously, you shouldn't play several games at the same time if you don't know what you are doing and your only purpose is to just earn money. That's a waste of time and money thinking it will bring big profits for you in the future.

[GreatArkansas]

Play-to-earn recently for me seems like hype but most of that kind of projects on crypto are normal even before, ICO fever last bull run 2017-2018, NFT and Defi are also suffered from the extreme drop and it's normal because the market also devastated and no one is excused.
The good thing here is the innovation, projects on play-to-earn are still here, company or teams are still learning and developing every day and that's very good for the play-to-earn community.

[dansus021]

you cant compare the play to earn right now with the game developer out there that make many from selling games

to me play to earn it still infant and most play to earn cost a lot of money even the game is free we still need to pay nft or land that very high cost

After all that happened, you should already know the risk of putting money in any Crypto P2E based-games.

Hype doesn't last for long that's why you need to take advantage of it while it was currently trending.

As a gamer myself, I don't feel any letting down since after all, I enjoy what I'm doing without expecting any big return. If I'm putting money on several games before and even today in non-P2E games, then as long as I loved playing that supposed P2E games, it doesn't matter to me if I don't get a profit with it.

Obviously, you shouldn't play several games at the same time if you don't know what you are doing and your only purpose is to just earn money. That's a waste of time and money thinking it will bring big profits for you in the future.

this is what i agree on if you don't want to lose money you can wait so we can see which play to earn games that worth our money and worth playing

[bittraffic]

I'd be optimistic about P2E games also if the teams are developing in a platform where transaction costs are lower for like cents since most gamers that might be interested are kids. If the prices get higher every time, these kids will find it too expensive. They will have to wait for another bear in order to buy and participate like in the Axie today. The hype died after this crash and gamers realized there is no happy end to every cycle unless they also know how to trade in the market.

[AnonBitCoiner]

Play to earn trend is not working well. Many best gaming project failed which is very bad sign for play to earn gaming projects. Axie was good game and many users took interest in this game and after that many new gaming project launched but it's did not give long term profit to users and now many gaming project failed to launch.

[Silberman]

No, I expected it all to crash the way it did. It was a completely unsustainable business model.

Until there's actual technology that makes sense behind it, it will never work in any long-term meaningful sense.

The current scenario is also within my expectations, in theory this seemed like an interesting idea, however not only the business model was unsustainable but there was not really that much fun to have with those games, so while those projects were hot the business model could sustain itself, but once the hype was not there anymore and people began to realize that it was impossible for this to continue for the long term that is when we began to see the collapse in the price and the popularity of those projects.

[Maus0728]

Accept that nearly none of the NFT games that are currently in existence will ever again prioritize the printing of money without its players putting in the time and effort necessary to be a competitive player. You see, especially in Axie Infinity, all the rewards goes to the top players on the leaderboard where there is a huge sum, if not a decent amount of money to get.

This means that the game does not anymore distribute the asset carelessly that would repeat the same mistake back in its early days, because so far that's the only solution to consider for them to survive.

[libert19]

On Hive blockchain there are several p2e games, couple running for last few years as well, however they might come under your lame list as ui/ux might not be the best out there. These games are usually run by few people and are pretty approachable on discord.

I play:

Dcity — https://dcity.io

Dcrops — https://dcrops.com

[electronicash]

Accept that nearly none of the NFT games that are currently in existence will ever again prioritize the printing of money without its players putting in the time and effort necessary to be a competitive player. You see, especially in Axie Infinity, all the rewards goes to the top players on the leaderboard where there is a huge sum, if not a decent amount of money to get.

This means that the game does not anymore distribute the asset carelessly that would repeat the same mistake back in its early days, because so far that's the only solution to consider for them to survive.

i was envious that time when Axie was at the top. i wanted to buy a team from someone for close to $2000. few weeks ago he is offering me an Axie team for less than $200. the hype didn't last long. maybe one day if there is another game that is more inclusive that users with just $20 can participate will make p2e games attractive to all using android phones.

[CryptoATM]

I don't like the idea behind crypto play to earn games and yes they are down right now but since this area of utility is still not completed yet it's possible that play to earn games will bring the highest roi in next bull market, I am always in for the money so I don't care if its going to work out on the long term.

[vv181]

~what do we have now, 2022 ?  DeFi Kingdoms ? TownStar ? My Neighbour Alice ? Gods Unchained ? Yes we have those ( unless I'm mistaken ) and they kinddaaa look interesting but to be honest they can't possibly compete for users with the mainstream games currently out there, which will cost you money and won't earn you a penny. Let's face it, some of us older gamers here don't have many spare hours a day , maybe one hour, and if that hour will earn me $20 and looks kind of lame or childish, I rather spend that hour playing something that looks amazing or intricate or fun , even if it costs me money.

To not repeat myself, I have posted some thought about P2E:

~ essential part of gaming itself is whether the game is playful or not, if the game is shitty, people will not play it even if they earn some money. On another hand, people who solely seek profit will come into them. Some popular games like CS GO  already have a loyal community, and the game itself is legendary. With that in mind, we know that there is a platform that give the player an earning if they play the game.

To put it simply, if the game sucks, people won't play it and there is no money in them since there isn't any gaming/economic activity.

And yep, I missed an long known thing, which is price. People do gladly pay for the game if it is truly interesting. Let's put aside how the regular game pricing/business evolved, but one characteristic that currently major games has is they are not specifically required to integrate cryptocurrency, there is no benefit for them. So, it's either the business model that has roots in cryptocurrency competing with them or make an attempt to innovate cryptocurrencies that product benefit to most gaming companies.

With that in mind, cryptocurrencies do have a truly insignificant part of gaming itself. So this factor should solely be additional and most game developers should prioritize the focus to make or create games that satisfy gaming communities or at least playfully unique.

[passwordnow]

Play to earn trend is not working well. Many best gaming project failed which is very bad sign for play to earn gaming projects. Axie was good game and many users took interest in this game and after that many new gaming project launched

It worked well but temporarily. It was a good run with Axie but it's not really that maintainable and the same goes with the other NFT games that have been part of the craze.

but it's did not give long term profit to users and now many gaming project failed to launch.

It's because they're hard to maintain, economically wise, they really can't. Besides, too many scam projects rode the popularity of it and that has pushed a lot of real investors and enthusiasts to stay with it.

[dothebeats]

I'm not feeling the crypto P2E sector, and I don't even have high hopes for this particular field at all. Too many games already came and go, and only Axie made a dent for a short while. Other P2E games such as Plants vs Undead has already disappeared from existence, with other games slowly following suit. P2E is fun while it lasted, and I think this concept has been proven to work, but not feasible to do so in the long-term unless someone can come up with a game that is actually fun and does not need repetitive grinding and mechanics in order to earn something.