Economic liberalism and freedom brought me to the crypto world. After a couple of years in crypto I reached a cognitive dissonance. I hate regulation, but I strongly believe stable coins are crying for it. Change my mind.
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BoardAltcoin Discussion
Re: Danger awaits Metaverse coins
by
joro-metaversa
on 08/04/2022, 15:51:34 UTC
I think this twitter post I saw recently sums up the situation:
Uber owns no cars. Airbnb owns no hotels. Web 3 have more VCs than users. This is the new economy.
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BoardAltcoin Discussion
Re: That is why play to earn concept is a massive failure
Actually its depand on game developers if they only focus on earning then this system will decrease players growth day by day. But i think if developer not only focus on earning and focus on gane development also bring player interests on game then it will not happen. But some of game developers trying hard to bring most unique game in the field i know lots of them working in development for 2-3 years but still they not launch any play 2 earn product on market!!
Unfortunately right now the earning part is the only part. The developers are promoting the part where the player could earn some money, and they do not develop the part where it is actually having fun while gaming.
I have talked about this before, the only game that can sustain would be the game where players are willing to pay to play, there are literally thousands of games that people pay to play, that is how gaming sector is standing afloat, all those in-app purchases and microstransactions are keeping the gaming world alive. Which is a proof that NFT's do have a place, but it needs to be games that people are willing to spend money on.
The real question is whether bringing true gaming experience and a working play 2 earn model can actually co-exist within the same game. this is the challenge of the whole gamefi space and we are yet to find out
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BoardAltcoin Discussion
Re: That is why play to earn concept is a massive failure
All of the games are built on the same foundation, with the exception of skin colour and weapon design. High game entry fees and a high learning curve for new users are discouraging new users from joining the system. Because of the unique teams they have, only early adopters are making a lot of money. The number of unique users registering each day is decreasing, indicating that the hype is fading.
I cannot agree at all with this statement, cause a lot of multi companies started to track and invest in blockchain gaming, i'm myself very pleased with situation cause unreal engines and engn token working very well if you ask me, i'm not feeling like i choose bad investment.
Just because the current games do not look good and do not create any hype for the game itself does not mean that we will not have any type of future game with great NFT's.
Simply put, imagine a world where skins in games like fortnight or counter strike were to be NFT's and not the way it is, imagine if it had limited NFT skins where the player who owns it could sell it and the company will make 10% from each sale? That would bring in so much money for the company as well.
Instead of tens of thousands of same skin sold by the company, it will be 10k skin sold by the company and then keep on making money forever from people selling to each other, even if people stop buying it for 9.99, they could still sell it for 1-2 dollars and keep you making money in that case.
Couldn't agree more. We are yet to see if play to earn can be integrated into games that focus on true gaming experience.
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BoardAltcoin Discussion
Re: That is why play to earn concept is a massive failure
by
joro-metaversa
on 17/03/2022, 08:36:29 UTC
The issue with dumping should be avoidable if the right incentives are set. Of course, I am no tokenomics expert, but I can already see a few projects trying to do things differently and mitigate this.
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BoardAltcoin Discussion
Re: That is why play to earn concept is a massive failure
by
joro-metaversa
on 16/03/2022, 08:26:23 UTC
The p2e concept might be overhyped but it is too early to call it a failure as the field is still so early stage. Also, p2e is not the main value proposition of blockchain games, digital asset ownership is.
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BoardEconomics
Re: Inflation and Deflation of Price and Money Supply
by
joro-metaversa
on 15/03/2022, 13:08:03 UTC
is there any reason to try to delay the inflation driven recession? are not all measures just postponing and later on amplifying the inevitable recession?
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BoardAltcoin Discussion
Re: That is why play to earn concept is a massive failure
by
joro-metaversa
on 15/03/2022, 09:11:42 UTC
You can look at it from a different perspective. I think now is the time for low quality p2e games to be seeded out and leave space for the games that bring value to gamers, not investors