Something ain’t right here.- DeFi Dude (dude.eth) Credits: on Twitter Metaverse video game: $10000 for a character, you can play in 5 years when it’s built. Triple A title video game: $60 to play a fully finished game. This is also not accounting for gas costs that are required to interact in some of the games. In other words they are incentivized to continue dumping their in-game currency token in a P2E system to recoup their initial cost of buying/renting a character. If GameFi is to be seen as yield farming with extra steps and a game attached to it, then it is no surprise that some projects are doubly hit once the bear market comes knocking and more players sell off their reward tokens to cover their costs.Įven the idea of NFTs and a breeding system ends up being a sunken fixed cost that players have to incur. This is another common criticism of gaming projects today. How many projects in the Metaverse and GameFi space often claim to be revolutionary, yet their roadmap does not get accomplished? Do any of these projects deserve multi-billion dollar valuations? Many investors expected high quality NFTs and gameplay, but clearly the team did not live up to their promises. The Pixelmon project and its marketing turned out to be misleading. Of course, the end result with their actual NFT lauch was a massive disappointment and this one picture alone says it all. NFT Pokemon where players can battle, trade and have fun in the Metaverse – sounds great, right? One example was Pixelmon, an open world Metaverse game inspired by Pokemon, whose story was covered here. Issues plaguing GameFi today can be summarized as either of the following Of course, while some of these exploits are unique to the projects themselves: it does raise the question: just how fast will players leave a sinking GameFi ship? What factors in the sector need to be resolved to have sustainable and organic users over time? Issues and Barriers Message From /7hnUVZvLBb- DeFi Kingdoms ApCredits: on Twitter DeFi Kingdoms coincidentally had an exploit, allowing for extra locked JEWEL tokens to be unlocked early and dumped on the market. Other crypto gaming projects have had a rough impact too. It was unfortunate that an exploit happened on the Ronin Network, which also contributed to the “death spiral” phenomenon for Axie. Axie Infinity’s revenue and its reward tokens, SLP has dropped, with SLP falling over 90% from ATH. Of course, only when the tide goes down do you discover who has been swimming naked. Other notable and hyped projects included the Sandbox, Defi Kingdoms and Iluvium. One example was Crabada on AVAX, a P2E game where users could use their uniquely generated NFT Crabs for battling/mining for rewards. Pojects that would follow a similar model would soon launch. In fact, some even lauded the idea that P2E would be the new gig economy, or even act as the first sign of universal basic income (UBI), given Axie’s success in generating income for users in countries like the Philippines. The successes of Axie Infinity and its tokenomics have been covered in this article, but the formula for success is in my opinion here:Īdditional yield from dual token system + NFTs = Money Making Opportunity P2E is quite a novel mechanism and the results spoke for themselves. That’s more than a 100 000% return!Īt its peak, Axie Infinity had close to 2.5m monthly unique users. Its AXS token had a launchpad sale price of $0.1 to more than $160 during its ATH and maximum hype period. It is perhaps the most famous example of a “successful” GameFi project. Our story for GameFi begins naturally with the success of Axie Infinity and its P2E system. But is it over for the gaming industry in crypto? Let’s take a look. GameFi, one of the most hot topics in the crypto market, is no exception. The bear market has spoken: Projects with massive valuations have plummeted significantly across many sectors in crypto.

In Arcade mode its easy to play But in time mode explode bubbles in given time frame to enter next levelDoes the gaming market in crypto still have potential today? It’s the only explosion game where you are not going to burn your hand after tapping/Exploding. In Arcade mode its easy but for tougher guys time mode is there with time limits.Īs of the colourful and bumpy/bursty bubbles kids are going to love it. Greater the number of bubbles exploded, earlier your can enter next level.įor you we ave introduced both the modes i.e. The bubbles are too lucrative that you can’t stop yourself from tapping/exploding over it. In bubbles explode you have to tap on at least two or more same colored bubbles /balls/spheres to explode and earn points. Once you start popping/exploding/bursting/tapping the bubbles you will get completely indulged into this. The most amazing explosion in the gaming industry is to feel bubbles explode.

Bubble explode game