The GameFi Cycle - Why all Play To Earn (P2E) games die

There are 4 main reasons that play-to-earn games usually follow a particular rise/fall cycle:
- The money isn't sustainable
- The games aren't fun
- Human psychology of varying incentives
- They may not need to be on a blockchain

What are your thoughts on this topic?

[WhiteboardCrypto]

Scam alert: I will never contact you. Don't look up the tokens mentioned in the comments (they are scams). Be very skeptical in the comment section. Be safe <3

[GreenNutGuy]

This was an excellent video describing not just the problem with PTE but also the psychology behind how this functions.

[carmindaAntunes]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[Eli-wswq]

Despite the economic downturn, I'm happy. I have been earning $20k returns from my $5, 000 investment every two weeks

[Princess-nbmy]

I cannot over emphasize the importance of being an experienced trader to make good returns off the crypto space, else you'd join the group that call it a gamble.
Those that understand the market trends always seem to be a step ahead and apply adequate measures to stay secure no matter the situation.

[lilyzoe]

I'm thinking of investing in the crypto market but taking my time to figure out how the whole thing works

[StarWarsAnalyst]

The blockchain miners club is an NFT project with both utility and sustainability. They are building a new kind of P2E game… PLAY 2 MINE

Backed by over 146 real life Bitcoin miners, BMC is an innovative P2E game that will bring passive income for years…

[juliashaw]

This post is so valuable and so honest. I am very grateful for this content, I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?

[stopplsgoogle]

I think the way you're presenting Play2Earn is more the mindset of you play the game for no reason other than to solely earn tokens. I fully agree on this being a horrible business model and completely unsustainable because it's just flat out not fun.

But I do believe that there's different types of "Earning", as an example if you have a blockchain card game you don't earn tokens you earn the cards. The cards are then yours to trade and sell on a free market just like a real physical card game like Magic the Gathering. Card games are a perfect opportunity to create a successful P2E business for somebody because the Game Company can sell new packs and then also take a small percentage of the fee of trading/selling your card to another player.

I have to disagree with your stance on blockchain cosmetic items not being necessary and potentially being harmful to the games company over just selling the item in their own personal games store. If we use League of Legends as an example, LoL's had tons of skins that have gone away never to be acquired again. People have sought after these skins so much as to even purchase accounts for thousands of dollars that have the skin since they're not transferable. Imagine if that skin was a transferable NFT and someone purchased it for $2000~ 5 years after it released every single person involved in the transaction is happy because the seller made a tremendous amount of profit, the buyer got the skin he wanted on his own account and the games company could have taken 2.5% of the transaction and made an extra $50 off the sale on a virtual skin they sold years ago.

MMO's also have the perfect capabilities of being an extremely good use case for Blockchain tech because people want to purchase others gear.

Anyway good video and good discussion

[CommanderSteps]

In times where close to every Crypto related channel is a scam (see BitBoy) this channel really stands out.

[MatrienMaru]

Wow, you absolutely nailed so much of what I've been contemplating - and in such a concise way with excellent examples. Will definitely share this!

[banananince]

I like your OLD MAN THEORY.. But for me cypto game is still the next generation game just gave it 10 or more years

[frederikdjensen]

Glad to have you back uploading, been a while but great quality as always 🙏

[GirlfightClub]

You just said everything I couldn’t word right

[MrXiaofengchen]

Totally agreed, I think the biggest issue is the second one, most Blockchain games are not real games but just financial terms. It's impossible to make every player earn but if the game is good enough some are willing to pay and have fun. I have friends make a living by playing WOW for years.

[baileypeters]

This post is so valuable and so honest. I am very grateful for this content, I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?

[chow]

How bout the counterpart, you should explain also on what the game needs to succeed in p2e environment

[stang]

Insightful video. I also agree on ad revenue and only having a market place for players to trade among themselves, which is basically most other games that are not on the Blockchain
There's so much spammers on the comments though

[cocoardo]

That was a first important step of you understanding "bitcoin only".

"Blockchain's" dont have any usecase except for money. All other ideas have bad incentives and aren't dezentralized.

[jasonjimenez]

There are games that are being develop under GALA which are fun like spider tank, Mirandus, and many other games which for me your stressing out the beta games of Play 2 earn games. even in Waxp has a ton of fun games. take Big time for example or sandbox. Axie is true that its not fun but you should reconsider your example of Play 2 earn in your videos.