Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
The article is based on the blogger's Twitter.
Twitter: Drake On Digtal @Rentahomefast
Is it sustainable?
Before you FOMO you need to understand this.
2/ Not all games are created equal.some like to play packman, some may like to play runescape, others may like to play Dota.
3/ whats important to understand is why one plays the games and why they keep coming back.... In a game like runescape or Dota the player may be just an ordinary guy that flips burgers for@McDonalds but in the game, shooooo this man be top 10 with the best of everything.
4/ Just for context this is Dota, it is a MMORPG game, aka massively multiplayer online role-playing games. Its a strategy game to where you battle to win against the other player (all Dota fans would be salty with this definition but hey I tried) @Samichpunch is one of em ๐
5/ now the genre of Gamefi is that it is play to earn....one thing that is important to keep in mind is that if the basis of the "fun" in the game is the earning aspect then im sorry but NGMI
6/ Let me explain why.....Currently if people are playing the game to earn they are dumping the coin that they earn, when this happens this causes the farming token price to go down...... ex: SLP in Axie Infinity
7/ now when the price of a token goes down people now earn less, which causes less people to play creating more negative price action with a negative flywheel, And if you quit your job to play and earn well hopefully you didn't burn the bridge at@McDonalds
8/ So how can Gamefi be sustainable what are the best ones? Let me give you an example: Johnny works at McDonalds because he needs to pay the bills, He hates his work, He hates when Mike comes in to order the "usual" but johnny has to go with the grind so he can eat ramen.
9/when Johnny wins 10 million dollars, does he keep working at @McDonalds, uhhhh Na bruh.
10/Now lets give another example Johnny plays @DefiKingdoms , this is his only source of income. Johnny is considered the best in the game.
Johnny plays this game to pay the bills but he also loves the game at the same time.
11/ When Johnny wins 10 million dollars does he keep playing DFK. uuuuuhhhhhh Yeah, I mean he is old fat and ugly in real life but in DFK he is skinny, sexy and young ๐
12/ in fact he may even throw more money into the game because he wants to have all the best items
13/ so now with these concepts why is this important..... Well to have sustainability the money has to come from somewhere. If tokens are printed out of thin air and no new money coming into the system well NGMI
14/ one needs to look for a game that is centered around entertainment..... This could be the break-thru that GameFi needs. Bear or bull market if you have a fun game where someone has status they will find money to play
15/ the same way depression or economic boom people still find a way to go to bars, clubs, casinos you name it......Entertainment is one of those things that we pay thousands upon thousands every year and in return just get an experience
16/ Just because you hear Gamefi doesn't mean the game is gunna make it, you need to have a sustainability mechanism or it is simply just a glorified ponzi....(dont kidd yourself they all are ๐ ) you just want to find the one that is actually fun
Looking for a fun game or think you have a fun game share this thread with a gamer near you and see what they think ๐
The article is based on the blogger's Twitter.
Twitter: Drake On Digtal @Rentahomefast
Is it sustainable?
Before you FOMO you need to understand this.
2/ Not all games are created equal.some like to play packman, some may like to play runescape, others may like to play Dota.
3/ whats important to understand is why one plays the games and why they keep coming back.... In a game like runescape or Dota the player may be just an ordinary guy that flips burgers for@McDonalds but in the game, shooooo this man be top 10 with the best of everything.
4/ Just for context this is Dota, it is a MMORPG game, aka massively multiplayer online role-playing games. Its a strategy game to where you battle to win against the other player (all Dota fans would be salty with this definition but hey I tried) @Samichpunch is one of em ๐
5/ now the genre of Gamefi is that it is play to earn....one thing that is important to keep in mind is that if the basis of the "fun" in the game is the earning aspect then im sorry but NGMI
6/ Let me explain why.....Currently if people are playing the game to earn they are dumping the coin that they earn, when this happens this causes the farming token price to go down...... ex: SLP in Axie Infinity
7/ now when the price of a token goes down people now earn less, which causes less people to play creating more negative price action with a negative flywheel, And if you quit your job to play and earn well hopefully you didn't burn the bridge at@McDonalds
8/ So how can Gamefi be sustainable what are the best ones? Let me give you an example: Johnny works at McDonalds because he needs to pay the bills, He hates his work, He hates when Mike comes in to order the "usual" but johnny has to go with the grind so he can eat ramen.
9/when Johnny wins 10 million dollars, does he keep working at @McDonalds, uhhhh Na bruh.
10/Now lets give another example Johnny plays @DefiKingdoms , this is his only source of income. Johnny is considered the best in the game.
Johnny plays this game to pay the bills but he also loves the game at the same time.
11/ When Johnny wins 10 million dollars does he keep playing DFK. uuuuuhhhhhh Yeah, I mean he is old fat and ugly in real life but in DFK he is skinny, sexy and young ๐
12/ in fact he may even throw more money into the game because he wants to have all the best items
13/ so now with these concepts why is this important..... Well to have sustainability the money has to come from somewhere. If tokens are printed out of thin air and no new money coming into the system well NGMI
14/ one needs to look for a game that is centered around entertainment..... This could be the break-thru that GameFi needs. Bear or bull market if you have a fun game where someone has status they will find money to play
15/ the same way depression or economic boom people still find a way to go to bars, clubs, casinos you name it......Entertainment is one of those things that we pay thousands upon thousands every year and in return just get an experience
16/ Just because you hear Gamefi doesn't mean the game is gunna make it, you need to have a sustainability mechanism or it is simply just a glorified ponzi....(dont kidd yourself they all are ๐ ) you just want to find the one that is actually fun
Looking for a fun game or think you have a fun game share this thread with a gamer near you and see what they think ๐
No comments yet