Another gamefi project is trending.

[Iamcrypticguy]

So, I just woke up, seeing the news of Iran & Isreal ceasefire announced by Trump and the market is good, Currently on $BCH long position, then I went on twitter to see another Web3 Gaming project trending called moonviel..



It's like a full stack gaming hub, where developers can bring their idea to live in terms of web3 game creation Here's What they're building

Anyways their TGE is soon and I guess the hype stems from airdrop & giveaway activities on the project.. Token Giveaway. ngl I'm tired of talking about trending gamefi every month.. can this stand the test of time with their cutting edge utilities??

[passwordnow]

ngl I'm tired of talking about trending gamefi every month.. can this stand the test of time with their cutting edge utilities??

You've just answered your own question. You're already tired and so as we and that's why we stopped chasing the gamefis and all of the NFT games that are existing today. There's no more interest on it but if there's still some demand and volume, it's not quite a lot to consider. I think the main technique that you can do there is just to get on it for early profits while you can. Because the common thing that it does is after it becomes a trend, the devs will not waste their time to make money from that moment. And you as an investor and player of it, you should also plan your way out before them.

[BenCodie]

ngl I'm tired of talking about trending gamefi every month.. can this stand the test of time with their cutting edge utilities??

You've just answered your own question. You're already tired and so as we and that's why we stopped chasing the gamefis and all of the NFT games that are existing today. There's no more interest on it but if there's still some demand and volume, it's not quite a lot to consider. I think the main technique that you can do there is just to get on it for early profits while you can. Because the common thing that it does is after it becomes a trend, the devs will not waste their time to make money from that moment. And you as an investor and player of it, you should also plan your way out before them.

I agree. During this period of time where economic conditions are poor and war is prevalent, gamefi has uphill battles to fight (at least, from the view of for market performance) in comparison to periods where things aren't as bad. Before the Russia Ukraine conflict and when the world was told to stay at home, gamefi exploded, though how likely are those conditions to happen again? That's not to say no gamefi projects will succeed, it's just to reiterate that conditions are tough for these projects.

[jaberwock]

During this period of time where economic conditions are poor and war is prevalent, gamefi has uphill battles to fight (at least, from the view of for market performance) in comparison to periods where things aren't as bad. Before the Russia Ukraine conflict and when the world was told to stay at home, gamefi exploded, though how likely are those conditions to happen again? That's not to say no gamefi projects will succeed, it's just to reiterate that conditions are tough for these projects.

I think yeah, lock-down contribute a lot to them, as people are bored but the good thing is they can turn their entertainment into some quick cash. This is the edge of gamefi over a normal game.

I won't wish for another lock-down though as there are still people that are not into gamefi that suffers. Same goes to other economies. Maybe gamefi can still scale on their own if they really try to? We can see it with the project presented by the OP. They also have a quick boost because wars are settled now. We are always willing to support them as long as we can see the dedication. It is only sad that they can also abused us sometimes.

[Mrbluntzy]

About those gamefi project, most people are not paying too much attention because of series of loss that it has caused investors, if you don't want to lose your hard earned money, you must invest wisely. what I learned from  some investors is to invest early and take profit early too, don't hold for long and when the price starts dumping don't hold because you might lose a lot. Though it might not happen with all those token but always be conscious and invest with the amount you can afford to lose, even if you must hold while price is falling, let it be the money you can afford to lose because some token dumped and didn't surge again to the price some investors has bought from. Last week, there was this token that dumped from $2 to $0.03, I just can not remember the name.

[passwordnow]

ngl I'm tired of talking about trending gamefi every month.. can this stand the test of time with their cutting edge utilities??

You've just answered your own question. You're already tired and so as we and that's why we stopped chasing the gamefis and all of the NFT games that are existing today. There's no more interest on it but if there's still some demand and volume, it's not quite a lot to consider. I think the main technique that you can do there is just to get on it for early profits while you can. Because the common thing that it does is after it becomes a trend, the devs will not waste their time to make money from that moment. And you as an investor and player of it, you should also plan your way out before them.

I agree. During this period of time where economic conditions are poor and war is prevalent, gamefi has uphill battles to fight (at least, from the view of for market performance) in comparison to periods where things aren't as bad. Before the Russia Ukraine conflict and when the world was told to stay at home, gamefi exploded, though how likely are those conditions to happen again? That's not to say no gamefi projects will succeed, it's just to reiterate that conditions are tough for these projects.

You're right, that's one of the conditions where people mostly stayed at home because we're told to and that was the pandemic and war era. It was the main driver of the success of many gamefi projects before because, we're doing nothing and looking for some ways to get out of boredom and earn money at the same time. But then, when everything was loosened and opened again, these gamefis started to decrease the number of active players until they're no sustainable. Even to say that some projects become successful but devs are not prepared for that and they have no contingency to maintain the numbers.

[hyudien]

can this stand the test of time with their cutting edge utilities??

Don't be too quick to be optimistic about new gamefi projects like Moonviel that you are talking about. Because to measure the success of a project is after it is launched. Are people interested only because of the token allocation and then disappear. Maybe when they first appeared they attracted attention because they gave incentives at the beginning as a promotion, well we will see that after the project is launched and is in the market. We have seen the rise and fall of gamefi many times, we just have to see if the scheme will be the same again or will it really survive?

[TastyChillySauce00]

Meh, gamefi projects are always short lived project, they pump initially then go to all the way down after a while.

Nobody really needed them, the hype always fabricated with incentive, and the token itself exist for the sake of existing not because it's needed, already tired of investing in gamefi project and see my money drop 90%.

[el kaka22]

What were the previous ones so you called this as another project? I do not think a new gambling platform will come and sustain in this highly competitive industry unless and otherwise coming up with any all new innovative idea. So, without justifying the basic reasons for survival, I do not bother about what is trending and what is gemefi basically. Just another trap which is targeting naive investors of altcoin space.

I do not think that there are still any altcoin investors left from this community except any all new newbies because what we have learned from the past experiences are such powerful lessons. This way I may miss out one ETH kind of project but that would be okay for me rather than losing in 10 other planned scams.

[shinratensei_]

If you want to see how GameFi performs over the course of the year just see the latest most anticipated GameFi project called NXPC and learn the chart
Literally just doing -76% from when TGE happened, never heard about it anymore after the TGE. The peak for GameFi is when it's doing TGE. There are also many GameFi going bakrupt in various chains. They just can't carry out good execution and can't keep the hype.

[Akbarkoe]

If you want to see how GameFi performs over the course of the year just see the latest most anticipated GameFi project called NXPC and learn the chart
Literally just doing -76% from when TGE happened, never heard about it anymore after the TGE. The peak for GameFi is when it's doing TGE. There are also many GameFi going bakrupt in various chains. They just can't carry out good execution and can't keep the hype.

Gamefi cannot last long because it is still empty of enthusiasts and also games offered such as Playstation Dua games, we don't have a stable gamefi and also have interesting features that can make the community happy with the game, even MOBA games are not so interesting on the web3.

Gamefi is always like that, in the past hype anxie but it did not last long and is currently quite quiet, the gamefi category is too expensive but still lacking enthusiasts for the time, so I think what the OP said was only a hype that would not last long.

[Balmain]

GameFi projects are exactly that. However, the token economies in these models are often unstable. Projects that attract players with high rewards can collapse due to token inflation or unsustainable reward distribution. It is difficult to maintain long and stable. That is why many new projects survive for a short time with pumps and dumps. Investors do not support them, only some traders are looking to take profit. Although Web3 projects promise decentralization, some still have centralized control mechanisms.