Will Gamefi continue to thrive in the crypto space ?

[Firstfrost]

I was having a discussion with a friend some days ago about the potential relevance of some ecosystem in the next few years particularly gamefi. You know different users would definitely have different opinions, i realized many are positive about Gamefi’s potential.

Honestly, i didn’t expect to see more gamefi projects thriving this year after the drastic drop in the ecosystem last year. However, it seems to be the resilient one, i can see we might see more projects on that ecosystem later this year. I came to this conclusion after seeing Binance and Bitget are to list another gamefi, RCADE. Though, i’m not participating in these games/projects but i’m always down to know how well they would be received post-launch.
I’m sure gaming fanatics would have loved it but for me reading and exploring these projects is a passion, for instance RCADE supports revolving games that built Skyborne genesis and Project Nova and currently have a RPG game based on Polygon under development. By the way, what would you say about Gamefi currently ?

[Cointxz]

Just like Axie which is almost same logic with this gamefi project now that almost become viral worldwide I think it will suffer the same fate of massive dump once the hype is over.

This gamefi project gets the passive income they are sharing to players from other players that newly bought the token that adds liquidity for the project.

Once no one bought this coin I believe the game will be dead since token value will dump same as the game rewards.

[hyudien]

I was having a discussion with a friend some days ago about the potential relevance of some ecosystem in the next few years particularly gamefi. You know different users would definitely have different opinions, i realized many are positive about Gamefi’s potential.

Honestly, i didn’t expect to see more gamefi projects thriving this year after the drastic drop in the ecosystem last year. However, it seems to be the resilient one, i can see we might see more projects on that ecosystem later this year. I came to this conclusion after seeing Binance and Bitget are to list another gamefi, RCADE. Though, i’m not participating in these games/projects but i’m always down to know how well they would be received post-launch.
I’m sure gaming fanatics would have loved it but for me reading and exploring these projects is a passion, for instance RCADE supports revolving games that built Skyborne genesis and Project Nova and currently have a RPG game based on Polygon under development. By the way, what would you say about Gamefi currently ?

Gamefi is about how they can adapt to the latest gaming system in crypto. Because most Gamefi products only offer a P2E system, play then get some tokens sold and nothing more. Honestly innovation in the Gamefi industry until now has not been different, regardless of the game being run, adopters only want to play when they are paid. If there is no payment that is worth it, the game will be quiet.

Play - get tokens - sell - dump - repeat. that can't be denied, right?

[hutamut]

I think the idea of gaming and earning is still strong, especially with the younger crowd. If the games themselves are actually fun and not just cash grabs, GameFi could really go far.

[Digifann1]

Not really, this is an old trend that is no longer relevant. It just does not have an attractive business model and can't survive massive farms that will come up to farm it. Most people that play games do not care about earning money while playing, they care about having a really good game.

I think the idea of gaming and earning is still strong, especially with the younger crowd. If the games themselves are actually fun and not just cash grabs, GameFi could really go far.

It is wrong, they are not interested in this. Most people in younger crowd who are gaming are passive. Watching streamers and stuff like that, they don't care about earning money so much.

[Iamcrypticguy]

I was having a discussion with a friend some days ago about the potential relevance of some ecosystem in the next few years particularly gamefi. You know different users would definitely have different opinions, i realized many are positive about Gamefi’s potential.

Honestly, i didn’t expect to see more gamefi projects thriving this year after the drastic drop in the ecosystem last year. However, it seems to be the resilient one, i can see we might see more projects on that ecosystem later this year. I came to this conclusion after seeing Binance and Bitget are to list another gamefi, RCADE. Though, i’m not participating in these games/projects but i’m always down to know how well they would be received post-launch.
I’m sure gaming fanatics would have loved it but for me reading and exploring these projects is a passion, for instance RCADE supports revolving games that built Skyborne genesis and Project Nova and currently have a RPG game based on Polygon under development. By the way, what would you say about Gamefi currently ?

I'm not seeing any gamefi having that same trend as AXIE.. can you mention like two??. All I've seen is potential without sustained momentum.. yeah I noticed Rcade is trending as the prep for launch, my worry it how long can the momentum be sustained and what are they building?. Since you mentioned Bitget has confirmed listing, which means potential giveaways, that could be my window entry.. let's see how far they go..

Tbh I've not been convinced about gamefi though.

[Firstfrost]

I was having a discussion with a friend some days ago about the potential relevance of some ecosystem in the next few years particularly gamefi. You know different users would definitely have different opinions, i realized many are positive about Gamefi’s potential.

Honestly, i didn’t expect to see more gamefi projects thriving this year after the drastic drop in the ecosystem last year. However, it seems to be the resilient one, i can see we might see more projects on that ecosystem later this year. I came to this conclusion after seeing Binance and Bitget are to list another gamefi, RCADE. Though, i’m not participating in these games/projects but i’m always down to know how well they would be received post-launch.
I’m sure gaming fanatics would have loved it but for me reading and exploring these projects is a passion, for instance RCADE supports revolving games that built Skyborne genesis and Project Nova and currently have a RPG game based on Polygon under development. By the way, what would you say about Gamefi currently ?

Gamefi is about how they can adapt to the latest gaming system in crypto. Because most Gamefi products only offer a P2E system, play then get some tokens sold and nothing more. Honestly innovation in the Gamefi industry until now has not been different, regardless of the game being run, adopters only want to play when they are paid. If there is no payment that is worth it, the game will be quiet.

Play - get tokens - sell - dump - repeat. that can't be denied, right?

It’s not pleasing to see that people are not engaging with Gamefi for fun anymore but rather only when there monetary rewards attached. But that’s just what the community has grown to be so projects got no choice than to apply the P2E system but the ones who apply a another systematic approach would definitely stand out, i feel RCADE is different though i’m still observing for now.

[AVE5]

Just like Axie which is almost same logic with this gamefi project now that almost become viral worldwide I think it will suffer the same fate of massive dump once the hype is over.

This gamefi project gets the passive income they are sharing to players from other players that newly bought the token that adds liquidity for the project.

Once no one bought this coin I believe the game will be dead since token value will dump same as the game rewards.

You're absolutely right. A lot of GameFi has come and gone, on the launch of the projects they normally get enticing which rewards is basically what attracts participants on the horizon.
I don't know about this RCADE Op is talking about here and it reformed uniqueness from others. Supposing it'd portray some advanced potentials not to be compared to others that has existed and went extinction even after their interesting trends with their gains rapid attentions in the ecosystem, that'd had been preferable but I don't see this RCADE different to even go beyond it surface level.
On the honest GameFi projects are just full of bubbles and flash in the pans.

[markm]

I get the impression a lot of you folk are so into the venture capital promoted types of projects that you overlook grass-roots zero-budget self-funding kinds of things entirely, even seeming sometimes entirely ignorant of their existence.

A problems I see with the big-budget kinds of projects seem pretty big to me, things like venture capital's focus on exit strategies which pretty much seems to usually mean "dumping" strategies and the concept that the goal is to make money from the players rather than for the players.

To my mind a play to earn setup ought to be more like a hedge fund or somesuch than like a "suck money from players/users" type of thing.

Rather than thinking about how to extract money from the players, think about how to generate money elsewhere that can then be used to reward players.

A lot of thoughts along those lines do unfortunately seem to lead to setups in which players could actually earn more by figuring out what investments the game is using to generate earnings from which to reward players and "cutting out the middle-man" by accessing such earnings-sources directly rather than "in effect hiring the game administration much like one might hire hedge fund managers by paying some kind of fees to participate in hedge funds" but for people actually interested in playing games more than in playing the "game" of figuring out which hedge funds might be more profitable to participate in than which others maybe choosing to play a game and earn could be just another variation on ideas like choosing a fund that tries to support any other kind of goal or interest or category; a choice of fund based not purely on whether it seems the highest yield fund out there but more on its being a fund that funds particular kinds of things, in this case games and gamers.

This particular venue - bitcointalk forum - is maybe not a great venue to find folks into such things simply because the main interest here is the investing, the earnings, the yield, the profits rather than games or gaming itself, so most readers here would probably want to dig into the gamenomics to find where it is earning the yields it rewards players with and cut out the middle-ware, the game, to directly engage with whatever the real underlying profit-centres are that the game is making use of...


-MarkM-

[khiholangkang]

Just like Axie which is almost same logic with this gamefi project now that almost become viral worldwide I think it will suffer the same fate of massive dump once the hype is over.

This gamefi project gets the passive income they are sharing to players from other players that newly bought the token that adds liquidity for the project.

Once no one bought this coin I believe the game will be dead since token value will dump same as the game rewards.

All cycles are the same, hype then messy, people who are already in the Crypto market about the development of industry and narratives will understand the performance of a category in each field of projects, and this game is one that relies on their hypes to be destroyed.

The reward mechanism is also not far, and the most needs to pay attention to their games is not very interesting at this time, the web2 section is still a lot of fans and more friendly than the games on the web3 now.

I think the idea of gaming and earning is still strong, especially with the younger crowd. If the games themselves are actually fun and not just cash grabs, GameFi could really go far.

There is no project that specifically focuses on the development of the game, they only play schemes to get money from the community but from the games are unable to compete with web2 game developers, this is an obstacle which must have more value to be traded and can survive.

[jaberwock]

I'm not seeing any gamefi having that same trend as AXIE.. can you mention like two??. All I've seen is potential without sustained momentum.. yeah I noticed Rcade is trending as the prep for launch, my worry it how long can the momentum be sustained and what are they building?. Since you mentioned Bitget has confirmed listing, which means potential giveaways, that could be my window entry.. let's see how far they go..

Tbh I've not been convinced about gamefi though.

I'm not the OP but have you heard about Sandbox and Decentraland? These two are popular too before and I think they are on the same category as Axie. There are others too that are also strong but I forgot them for now. That's great if you still see a project that has a potential. You know the crypto world that we are living now.

Having a potential can mean that the owners are serious but it is only sad because people seem to learn their lesson and won't give a fuck or a chance on the recent crypto projects anymore. This is the fault of those fraudsters and their fake/low-quality projects. If you read all what he said, you will know what this Rcade all about. In my case, I haven't heard those he mentioned there so, I am not amazed for now, sorry.

[passwordnow]

I think the idea of gaming and earning is still strong, especially with the younger crowd. If the games themselves are actually fun and not just cash grabs, GameFi could really go far.

The idea is still there but sustaining it is the problem. I don't think that most of the developers are addressing that issue. What they do is produce games that are attractive in the beginning and can have a hype during the launch. But when it's played already, many can't sustain how they'll assure that the economy inside the game will be sustained. And that's why if the devs are for the game, they should stick to the game. But if they include crypto in it, that's when they'll have hard time fixing that problem although many are hopeful that we'd see gamefi to become stable.

[asriloni]

Reality check is that gamefi is no longer potential trend in the crypto. All of gamefi are trading nearly their ATL. No significant impact happen to these gamefi tokens even after Bitcoin breaks new ATH. Don't hope to much on gamefi. This sector is literally dead at this moment.

No users, no good game, no value, and just pure pump and dump. Gamefi token such as AXS, Decentraland, or Sandbox never get the traction. Also their games are like 1900s games. Not even worthy enough to be compared with 2010 - 2019 games. Don't be alergic with the reality because this is the truth.

[thehungerwars]

"Many GameFi projects, like Axie Infinity, have faced challenges due to issues like unlimited token supply and lack of sustainable revenue. The Hunger Wars tackles these problems by limiting token supply to 100 million and generating revenue through ad views. Players earn battle keys by watching ads, allowing them to enter PvP matches. This revenue is used to buy back our tokens, keeping the economy stable. Additionally, we have a reward halving system and a referral program where both the sponsor and referral earn 5% of each other's winnings.
Feel free to check out more about it here: www.thehungerwars.com ."

[Akbarkoe]

Reality check is that gamefi is no longer potential trend in the crypto. All of gamefi are trading nearly their ATL. No significant impact happen to these gamefi tokens even after Bitcoin breaks new ATH. Don't hope to much on gamefi. This sector is literally dead at this moment.

No users, no good game, no value, and just pure pump and dump. Gamefi token such as AXS, Decentraland, or Sandbox never get the traction. Also their games are like 1900s games. Not even worthy enough to be compared with 2010 - 2019 games. Don't be alergic with the reality because this is the truth.

In terms of quality, it's still poor. The games offered aren't engaging. GameFi on Web3 currently only fills a niche without any fun gameplay. Even when I tried the MOBA games offered, they felt like children's games, lacking the value we experienced in 2000.

However, whether or not it develops depends on the game developers on Web3. I think there's still progress, albeit passively. There are many difficulties in building GameFi projects. In addition to the game system, the financial system must also be built neatly. It's important to remember that people enter finance for profit, not enjoyment. So sometimes I think this becomes irrelevant.

[asriloni]

Reality check is that gamefi is no longer potential trend in the crypto. All of gamefi are trading nearly their ATL. No significant impact happen to these gamefi tokens even after Bitcoin breaks new ATH. Don't hope to much on gamefi. This sector is literally dead at this moment.

No users, no good game, no value, and just pure pump and dump. Gamefi token such as AXS, Decentraland, or Sandbox never get the traction. Also their games are like 1900s games. Not even worthy enough to be compared with 2010 - 2019 games. Don't be alergic with the reality because this is the truth.

In terms of quality, it's still poor. The games offered aren't engaging. GameFi on Web3 currently only fills a niche without any fun gameplay. Even when I tried the MOBA games offered, they felt like children's games, lacking the value we experienced in 2000.

However, whether or not it develops depends on the game developers on Web3. I think there's still progress, albeit passively. There are many difficulties in building GameFi projects. In addition to the game system, the financial system must also be built neatly. It's important to remember that people enter finance for profit, not enjoyment. So sometimes I think this becomes irrelevant.

Hard to find Gamefi developers who seriously developing their product. Gamefi has been exist since a few years ago, but nothing improved. The quality of game is just meh. It doesn't have sustain economic play to earn as well. It's hard for them to survive when their product have no users, and can't generate revenue.

I think Gamefi is finished.

[Akbarkoe]

Reality check is that gamefi is no longer potential trend in the crypto. All of gamefi are trading nearly their ATL. No significant impact happen to these gamefi tokens even after Bitcoin breaks new ATH. Don't hope to much on gamefi. This sector is literally dead at this moment.

No users, no good game, no value, and just pure pump and dump. Gamefi token such as AXS, Decentraland, or Sandbox never get the traction. Also their games are like 1900s games. Not even worthy enough to be compared with 2010 - 2019 games. Don't be alergic with the reality because this is the truth.

In terms of quality, it's still poor. The games offered aren't engaging. GameFi on Web3 currently only fills a niche without any fun gameplay. Even when I tried the MOBA games offered, they felt like children's games, lacking the value we experienced in 2000.

However, whether or not it develops depends on the game developers on Web3. I think there's still progress, albeit passively. There are many difficulties in building GameFi projects. In addition to the game system, the financial system must also be built neatly. It's important to remember that people enter finance for profit, not enjoyment. So sometimes I think this becomes irrelevant.

Hard to find Gamefi developers who seriously developing their product. Gamefi has been exist since a few years ago, but nothing improved. The quality of game is just meh. It doesn't have sustain economic play to earn as well. It's hard for them to survive when their product have no users, and can't generate revenue.

I think Gamefi is finished.

They are not finished, they are just passive, alive but not seen alive, I think if FIFA enters here with the PlayStation mechanism in the game industry it will be very interesting, but it still has to have a solid position in terms of finance and also projects, because if you pay attention to the projects that always appear, in terms of management systems and developer dedication, they are not serious because they are very inefficient in building a more advanced GameFi.

[ultrloa]

Reality check is that gamefi is no longer potential trend in the crypto. All of gamefi are trading nearly their ATL. No significant impact happen to these gamefi tokens even after Bitcoin breaks new ATH. Don't hope to much on gamefi. This sector is literally dead at this moment.

No users, no good game, no value, and just pure pump and dump. Gamefi token such as AXS, Decentraland, or Sandbox never get the traction. Also their games are like 1900s games. Not even worthy enough to be compared with 2010 - 2019 games. Don't be alergic with the reality because this is the truth.

In terms of quality, it's still poor. The games offered aren't engaging. GameFi on Web3 currently only fills a niche without any fun gameplay. Even when I tried the MOBA games offered, they felt like children's games, lacking the value we experienced in 2000.

However, whether or not it develops depends on the game developers on Web3. I think there's still progress, albeit passively. There are many difficulties in building GameFi projects. In addition to the game system, the financial system must also be built neatly. It's important to remember that people enter finance for profit, not enjoyment. So sometimes I think this becomes irrelevant.

Hard to find Gamefi developers who seriously developing their product. Gamefi has been exist since a few years ago, but nothing improved. The quality of game is just meh. It doesn't have sustain economic play to earn as well. It's hard for them to survive when their product have no users, and can't generate revenue.

I think Gamefi is finished.

They are not finished, they are just passive, alive but not seen alive, I think if FIFA enters here with the PlayStation mechanism in the game industry it will be very interesting, but it still has to have a solid position in terms of finance and also projects, because if you pay attention to the projects that always appear, in terms of management systems and developer dedication, they are not serious because they are very inefficient in building a more advanced GameFi.

Their participation is somehow interesting and this will revolutionize the GameFi industry especially the big names would enter on the NFT scene.

But for now its like we might see them thinking about joining the scene since maybe they don't like the idea joining on questionable matters. But looking forward on their presence since this is really a big thing in the industry. Usually what we are seeing are scams its because to many jerk are exploiting the scene and take advantage on the wants of people that's why the fame of Gamefi at the moment subside.

But I believe Gamefi is not done since for sure there are still great things will happen in the scene.

[Akbarkoe]

They are not finished, they are just passive, alive but not seen alive, I think if FIFA enters here with the PlayStation mechanism in the game industry it will be very interesting, but it still has to have a solid position in terms of finance and also projects, because if you pay attention to the projects that always appear, in terms of management systems and developer dedication, they are not serious because they are very inefficient in building a more advanced GameFi.

Their participation is somehow interesting and this will revolutionize the GameFi industry especially the big names would enter on the NFT scene.

But for now its like we might see them thinking about joining the scene since maybe they don't like the idea joining on questionable matters. But looking forward on their presence since this is really a big thing in the industry. Usually what we are seeing are scams its because to many jerk are exploiting the scene and take advantage on the wants of people that's why the fame of Gamefi at the moment subside.

But I believe Gamefi is not done since for sure there are still great things will happen in the scene.

Thankfully, you share this view. We're still waiting for major players in the gaming industry to join forces and form a more robust system. It would be great to have players buying and selling in a soccer game based on blockchain technology, and we'd have our own payment method with value and the ability to be traded openly on the crypto market.

Yes, most of them rely solely on hype to generate profits without thinking long-term about how they should provide an experience and benefits to consumers.

[Wogenar]

Gamfi still hasn't had its "moment" so it still has a long way to go. Gamefi has never reached a peak like defi or even NFTs so its best is still to come. Once an extremely popular game is released that uses gamefi and the game itself is actually played by regular people then that's where things will get interesting.