Is Gamefi really dead?

[shanhaigamefi]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

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[bluebit25]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

You really don't understand that or are trying to act like you don't understand to raise the issue here, if you observe that field you can feel the hype is mostly there and only a few products are actually completed seriously good.

And one thing I hope you'll notice about the quality of posts on topics, it's like you're trying to spam content that already answers itself.

[hugeblack]

Such classifications are always given to cryptocurrencies in certain seasons to attract customers, but after several months have passed, investors move to the second term and so on, so you do not find many people currently talking about Gamefi.

[Smack That Ace]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

Is it dead? How to let it die? Tell me about that. If you notice that the big projects that have recently launchpad on binance like ACE, PORTAL, XAI, PIXEL... and projects that generate big profits like Bigtime are still doing very well. How can you say that Gamefi is dead? I guess you've invested in them but they're still not generating profits for you and you're starting to feel frustrated?

Halving is approaching, all attention is focused on bitcoin and bitcoin-related projects such as bitcoin eco, BRC20... so other trends such as Gamefi, layer2...are temporarily forgotten. So you don't need to worry, have a long-term vision, invest for the long term, don't worry about what will happen in the short term. I bet you that when the price increase season comes and money pours into the Gamefi segment, it will not be too difficult for these projects to increase by x5-x10. Those who are saying that Gamefi, layer2...is dead and dying know nothing about what is going on in the market.

[Porfirii]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

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Halving is approaching, all attention is focused on bitcoin and bitcoin-related projects such as bitcoin eco, BRC20... so other trends such as Gamefi, layer2...are temporarily forgotten. So you don't need to worry, have a long-term vision, invest for the long term, don't worry about what will happen in the short term. I bet you that when the price increase season comes and money pours into the Gamefi segment, it will not be too difficult for these projects to increase by x5-x10. Those who are saying that Gamefi, layer2...is dead and dying know nothing about what is going on in the market.

Although the future is uncertain and things could go wrong, that's exactly what I was thinking before I read your answer. In the last few months we have seen a great surge in Bitcoin's (and also Ethereum's) price, but not so much (or not at all) in different alts because, as you said, the focus is on Bitcoin right now.

If everything goes as expected, (months?) after the halving we could see a surge of the alts while the price of Bitcoin stagnates, like we saw in the past. I remember that a few weeks after the price of Bitcoin started to fall after the ATH in December 2017/January 2018, many altcoins kept pumping and hitting new records.

I repeat: things could go wrong, don't invest what you can't afford to lose, but accumulation is not only happening with Gamefi but with altcoins in general, and it seems natural to me to a certain extent, so I think it is too early to anticipate catastrophic events.

[Smack That Ace]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

-snip-

Halving is approaching, all attention is focused on bitcoin and bitcoin-related projects such as bitcoin eco, BRC20... so other trends such as Gamefi, layer2...are temporarily forgotten. So you don't need to worry, have a long-term vision, invest for the long term, don't worry about what will happen in the short term. I bet you that when the price increase season comes and money pours into the Gamefi segment, it will not be too difficult for these projects to increase by x5-x10. Those who are saying that Gamefi, layer2...is dead and dying know nothing about what is going on in the market.

Although the future is uncertain and things could go wrong, that's exactly what I was thinking before I read your answer. In the last few months we have seen a great surge in Bitcoin's (and also Ethereum's) price, but not so much (or not at all) in different alts because, as you said, the focus is on Bitcoin right now.

If everything goes as expected, (months?) after the halving we could see a surge of the alts while the price of Bitcoin stagnates, like we saw in the past. I remember that a few weeks after the price of Bitcoin started to fall after the ATH in December 2017/January 2018, many altcoins kept pumping and hitting new records.

I repeat: things could go wrong, don't invest what you can't afford to lose, but accumulation is not only happening with Gamefi but with altcoins in general, and it seems natural to me to a certain extent, so I think it is too early to anticipate catastrophic events.

I agree, the future is uncertain and investing in projects about gamefi, memes, NFTs, restaking... is much riskier than investing in bitcoin. But we cannot deny that there are still many projects that are doing very well (developers are still diligently building projects). Not to mention these projects are receiving huge support from venture capital funds so calling them trash or dead is just an unfair and ignorant assessment.

As for how to bring the best profits in the market, that depends on each person's understanding. Halving is approaching and all eyes are on it, we cannot expect market makers or whales to pay attention to other projects. We need to clearly understand market trends and cash flows in the market to know when our project is pumped. And I believe that altcoin season is approaching and we just need to be a little more patient.

[poodle63]

because so many gamefi dev are just trying to grab money most of their product are just simply unfinished product or a failing product getting recycled by simply integrating some random NFT and blockchain mechanism and call it a day, as a result is a half assed games that aren't fun to play but people are playing it because they want rewards, playing these games is a chore honestly and you will be really bored from it.
i think thats why so many people are having rather negative sentiment towards these gamefi.
i personally won't expect anything good from this niche anymore at best its just some hypes generated for the sake of their token introduction and thats it.
some project are definitely getting good market valuation but does their product deserving of billions market cap and at least hundred millions of market cap though, thats the real question here since most of these game fi feels like unfinished niche to be honest.

[peter0425]

I think games have become a part of our lives. The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

Honestly gamefi is something that I am really looking forward to in the future.

I believe that it would stay in the cryptoscene for a long time and that is because people are always constantly looking for some entertainment and what is more entertaining than games?

To be able to play games while having the incorporation of crypto is surely a great idea.

It all really depends on the specific gamefi token you are talking about because obviously not all of them are going to be successful.

[electronicash]

the negative attitude is most likely because of what happened last bear market where the games offering tokens are also plunging which the attitude i think is normal when there are no real games today that really entertain. having a game where players can earn tokens while playing on xbox or Wii will probably be more entertaining than playing on phones and desktops.

after axie there is never a new game that rises above its popularity. there are interesting games but the gamers community just shrugs shoulders.

[sunsilk]

I think games have become a part of our lives.

Most of us have been gaming since we're a kid and when we've grown up, we can finally buy all of those consoles that we've missed so yeah, a big part of our lives.

The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential, but why is everyone’s attitude so negative?

It's because the motivation of these games when they've got their own native token isn't on the game. But on the reward that you'll get after you play the game.

I think that's good and a dream of everyone that you get to earn and enjoy but it's not that sustainable at all unless big gaming companies and producers do one for all of us. So, knocking on Sony, if they release one with real world market and exchanging of in game money to real world money, that's gotta be big and lot of funding needed.

[hatshepsut93]

The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential,

Wrong, blockchain is a useless vaporware, so if you try to combine it with a proven working tech like AI or gaming, you still end up with useless product in the end, because it can't compete with normal solutions. Blockchain games are strictly worse than regular games, you need  to go through all the incoveniences of sending transactions, managing wallets, waiting for confirmations and for what? To play some garbage cashgrab game that no one would ever buy if it wasn't for a chance for making money for poor people?

[Iranus]

The market and revenue performance of traditional games prove that chain games, as a part of games, have huge potential,

Wrong, blockchain is a useless vaporware, so if you try to combine it with a proven working tech like AI or gaming, you still end up with useless product in the end, because it can't compete with normal solutions. Blockchain games are strictly worse than regular games, you need  to go through all the incoveniences of sending transactions, managing wallets, waiting for confirmations and for what? To play some garbage cashgrab game that no one would ever buy if it wasn't for a chance for making money for poor people?

In fact, the application of blockchain in fields such as games, AI or any other field is only in the early stages and has not really created any obvious convenience or usefulness. Projects in the cryptocurrency world are mostly just projects that imitate real world trends with the aim of deceiving investors, nothing more and nothing less because they do not yet bring any practical application to date. Perhaps in the future things will become more practical but for now it's all just a money game.

But it is completely feasible to expect and profit from the Gamefi trend in the upcoming bullish season because organizations and market makers still highly appreciate this Gamefi trend in the market. But that's just a speculative project, so be careful when bear season hits.