Gamers Not Excited About GameFi?

Gamers Not Excited About GameFi?

Play To Earn Games | 09 Mar 2024 10:05 UTC

GameFi struggles to enjoy appreciation from gamers!

Despite its astronomical popularity, massive transaction volumes, and the idea of ownership of digital assets, GameFi struggles to enjoy appreciation from gamers. GameFi is a phenomenon that resulted from the amalgamation of gaming, decentralized finance, and NFTs.

Avid Gamers Not Excited About GameFi?
Avid Gamers Not Excited About GameFi?

The main idea behind GameFi is for gamers to earn real money while playing video games.

Many have embraced the new revolution, while several others have criticized and shown a cautious approach.

So, why exactly gamers are hesitant to accept GameFi? Let’s discuss five glaring reasons.

Rampant Scams and Rug Pulls

There are a plethora of new projects and launches every week in the GameFi world. Unfortunately, many of these new projects lack concrete plans and long-term roadmaps.

Moreover, these new projects have launched digital tokens without any work on developing a game to support them.

So, what unfolds is a situation where the team behind the project often vanishes without any trace, taking with them the capital invested by gamers.

Hackers Stealing Valuables

Another lacking feature in GameFi is the security of digital wallets which are necessary to play the games.

All the digital assets earned by gamers by playing P2E games are stored ‘safely’ in digital wallets. However, no kind of wallet is safe from sophisticated hackers who hack and steal valuable cryptos and other digital assets time and again.

This vulnerability has led to an increase in the bounce rate of gamers.

Massive Fluctuations in Price

GameFi projects require tokens to function and create a sustainable economy. These GameFi tokens like other crypto assets suffer from highly volatile prices.

These prices are speculative and depend on the supply and demand mechanism of the market. Moreover, a token’s price may suffer a dip or a bull run depending on the video game it is associated with.

This of token prices frighten many gamers to test the waters.

Massive Upfronts

GameFi also requires a massive amount of investment early on from the gamers to begin playing the game.

These games require steep upfront investment take for example Axie Infinity which requires a gamer to buy three monsters to start playing the game.

These monsters cost somewhere between 1500 to 2000 USD. Not many gamers can afford such an investment early on.

Government Interference in GameFi

Cryptocurrency and related setups like GameFi are under the government’s severe scrutiny in many countries. Countries like Japan, South Korea, China, and some others have made it illegal for the public to engage in virtual currency transactions. Gamers can face litigations and criminal charges if they do not comply.

Avid Gamers Not Excited About GameFi?
Avid Gamers Not Excited About GameFi?

It is still a long way for GameFi and blockchain-related projects to become an everyday household for gamers. However, GameFi projects and blockchain games are still in infancy, gradually it will overcome many of the loopholes and challenges that have spooked avid gamers from it.

Gaming News - Video Game Consultant - Reinout te Brake
Gaming News - Video Game Consultant - Reinout te Brake

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

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GunStar Metaverse - Game Review

GunStar Metaverse - Game Review

In GunStar Metaverse, players get NFT pets and train them so they can use them in battles like PvP, PvE, and raids. With four different game modes, players can choose from a wide range of rewards and challenges. In the campaign mode, players can earn experience points, and in the raid mode, they can play alone or with other people.One thing that sets the GunStar Metaverse apart is its focus on cryptocurrency. The game has its own currency, which can be earned by playing and used to buy things and level up. You can also win real money by entering tournaments and selling pets and other things on the marketplace. Overall, GunStar Metaverse is a fun and unique game that combines elements from different types of games, such as collecting pets, using cryptocurrency, and fighting hard. No matter how long you've been playing games or how new you are to virtual worlds, GunStar Metaverse has something for everyone. GunStar Metaverse Gameplay: In GunStar Metaverse, each player has a team of three pets, and each pet has three skills: two regular skills and one unique "ultimate" skill. Battles happen in arenas with different terrain, weather, and materials that can help or hurt players during matches. The immersive and changing environments add a new level of strategy and difficulty to the game. In GunStar Metaverse, there are 23 different kinds of non-fungible token (NFT) pets, and each one has its own set of skills and features. The pets can also be normal, rare, elite, or legendary, with the most valuable and sought-after ones being the rarest ones. Players can get these pets by buying or collecting pieces of lost pets and putting them together in the in-game marketplace to make new, fully formed pets with their own unique powers and traits. GunStar Metaverse Tokenomics: GunStar Metaverse is a paid-to-play game. To get to the different game modes, especially the raid mode, players must use in-game tokens. In the game, there are three kinds of tokens: GSTS, GSC, and RUNE. GSTS tokens can be used to stake, buy pets in the marketplace, and vote on governance decisions. GSC tokens, on the other hand, can be used to spin the fortune wheel and win prizes and other items. You can use RUNE tokens to buy things inside of the game. You can buy these tokens or earn them by playing the game.

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Mytheria - Game Review

Mytheria - Game Review

Mytheria is an innovative card game that allows players to earn non-fungible tokens (NFTs) as they play. It is the first game of its kind that combines the fun of card games with the opportunity to create and earn NFTs. Mytheria is a game that is particularly well-suited for the artist community. Its development has focused on supporting and fostering the artist community, and the game includes a feature called GODFORGE, which is a create-to-earn platform for artists. This allows artists to use their skills and creativity to earn NFTs within the game. In the world of Mytheria, players take on the role of gods from various cultural traditions as they engage in battles for honor and glory. The game features hundreds of avatars and artifacts for players to choose from as they build their decks of cards. These cards are used to defeat opponents in combat and emerge victorious. Mytheria is the first play-to-earn NFT game to offer create-to-earn capabilities, which allows players to earn NFTs through both their gameplay and their unique characters. This innovative feature gives players the opportunity to not only enjoy the game, but also to use their creativity and skills to earn rewards within the game. In Mytheria, players can showcase their skills and abilities in both PvE and PvP modes, and have the opportunity to earn money through trade, collection, and the gacha system. This combination of gameplay and earning potential helps to keep players motivated and engaged in the game. Mytheria Gameplay: Everyone who joins the game receives the starter deck, which consists of 40 distinct cards, so users can begin playing it for free. The fighting arena is set up like a MOBA, with two lanes. Moreover, the player's task is to protect their tower while attacking the towers of the enemy. A round of Mytheria consists of five phases, and the game continues until a winner is declared. The outcome of the skill-based game depends on both tactically creating the deck prior to the game and decision-making made during it.

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Proof of Treasure - Game Review

Proof of Treasure - Game Review

Proof of Treasure is a popular geo-location game that has already gained a dedicated and growing user base. Players of the game use precision and strategy to locate and collect virtual treasures scattered throughout the world. Whether you are a seasoned veteran or a newcomer to Proof of Treasure, there is always something new to discover and enjoy in this exciting game. In Proof of Treasure, players compete against each other in real-time to find the location of a Google Maps "street view" image that is displayed in the game (known as the "proof"). The game uses a unique digital currency called Proof of Treasure Coin (POTT), which is built on the Chia (XCH) ecosystem. Players can earn POTT by successfully locating the proof and can use it to purchase in-game items or trade it on the market. With its competitive gameplay and use of blockchain technology, Proof of Treasure is a one-of-a-kind gaming experience that is sure to keep players coming back for more. In Proof of Treasure, players compete to locate the "proof," a Google Maps "street view" image displayed in the game. The first player to correctly submit the coordinates of the proof's location is declared the winner and is rewarded with the treasure, which takes the form of Proof of Treasure Coin (POTT). POTT is a digital currency built on the Chia (XCH) ecosystem, and it can be used to purchase in-game items or traded on the market. With its fast-paced gameplay and rewards in the form of POTT, Proof of Treasure is an exciting and unique gaming experience for players of all skill levels.

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Apeiron - NFT Game Review

Apeiron - NFT Game Review

Although Apeiron promotes itself as a NFT avatar god game, that is only half of the story. However, the game clearly starts in this genre. When you purchase a randomly created planet, either directly or from another player, your soul inhabits the world's Eden. This elevates you to the status of planet god. Its sentient population is known as Doods, and they resemble featureless minions running around. These Doods will pray to you, requesting heavenly assistance in everything from drinking water to cooking food to growing crops. Your mission is to answer (or not) their prayers by releasing Miracles and allowing their civilization to advance further. Hence, the more Doods who pray to you, the more powerful you become and the more Miracles you may bestow on the world. Your soul will emerge in the world as a unique NFT avatar once you get enough followers. The look and skillset given on it are determined by where you landed on the good against evil see-saw, as well as the planet's randomly created attributes. However, the game then takes a very different turn. Apeiron Gameplay: You unlock an action-RPG experience after your Planetary Avatar enters the world. A dungeon known as the Dirac Sea is associated with each planet. Apostle Squads, which are effectively Doods who have attained hero status, will accompany you. These portions are primarily centered on the battle, but they also include puzzle games. This section of the game is linked to a larger plot that binds the galaxy's various planets and stars together. The participants will eventually decide the outcome of the struggle between Cosmos and Chaos. The outbreak of the Taint of Chaos illness is the battle's trigger. It creates foes in the shape of corrupted old Gods, tainted Doods known as Boots, and Chaos avatars as it spreads across the galaxy.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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