BigTime (NFT) RPG Game
I have been testing #play2earn and have enjoyed #BigTime for over a year.
Bigtime is a Role Playing Game with a web 3 twist. The assets are NFTs, which are owned by you or someone else. I started last Christmas (Dec 2023) and over the last year experienced a "bear" market. During that time, all asset prices drop and there is little or no demand for some items. However, the market slowly came back and demand is picking up again.
Token related to this game:
#Bigtime #ol
pending tx with incoming $$$.
I have $105 waiting to enter my account after my recent rental.
The last month has been pretty good. I can buy assets and I can rent assets that I'm not using. So far the market looks healthy and there is plenty of volume and users buying and selling.
NFT (#Play2Earn) earnings
What am I doing with the proceeds? In the season of the markets, I decided that I won't be reinvesting MORE money into NFT gaming, but rather I using the PROCEEDS to buy more #BITCOIN.
In the past, I have sold BTC/ETH to buy in-game tokens for the games that I was playing. This includes games like @Splinterlands
Not all games work out and the lost opportunity is painful. If I had done nothing and just held BTC/ETH, I would have done more doing nothing. Trading Bitcoin/Ether for game Tokens hurts because you NEED that TOKEN to outperform the asset you just traded out of. So if BITCOIN is up 500%, and if the in-game token is FLAT, I lose out on a 500% gain in opportunity cost.
My friends always ask about my "bags" and I remind them that they are FULL of NFTs that have little or ZERO value. You can have 100K or 1M tokens of something that trades at 0.0001 cent (and Dropping).
The irony is owning FIAT would have been a better option than many NFTs, Tokens, or Digital Assets returns because many PROJECTS move towards ZERO.
Investor, Gamer, or Both?
Are you viewing things from an investor's point of view?
Are you viewing things from a gamer's point of view?
Or can you be both?
The most common thing we hear is the game needs to be fun and we're here for the gaming aspect. The opposite extreme is the investor's point of view of can in-game assets are worth something.
But I lean toward the view that the point side is valid. A good game (like World of Warcraft) can be around for 20 years but without good Tokenomics create ZERO value except for FUN. In the world of NFT, you need to have working Tokenomics for everyone to benefit.
What are you doing in 2025?
Are you buying, selling, or hodling?
Are you collecting NFTs or getting rid of them?
Have a profitable Day?