Introduction
I can't remember how long I have been playing games since my childhood. One of the first games I played was Lady Bug on ColecoVision. It was fun!
How many weekends have I spent playing games on the Nintendo and Super Nintendo?
The answers were countless hours. I am the type of gamer who likes the challenge of finishing a game when it is humanly possible.
Today I don't have this luxury anymore, but keep enjoying playing.
The inspiration for this article came from an article I have read about Illuvium. Even if the game has beautiful graphics, the token in price has dropped by over 97%!
In their case, they have allocated only 10% to the play to earn for the game. The rest focused on the team and investors!
You need to build a powerful community and have dedicated players in the game to survive!
My own experience with MIR 4
I discovered this game at the beginning of 2022, and it was exciting to have the possibility to make money with the game. I remember I needed to reach at least level 40, which took over a month to mine darksteel ores.
My server had bot problems where it was almost impossible to get the precious assets for converting to crypto. They put the barrier high, and it was very expensive to convert it for the amount of darksteel ores required.
Finally, I fell in love with the game and still playing it without thinking of making money with it. In the end, I made $0 with this game as an income.
My focus is on the fun part of the game. The development has failed to make integration with crypto for this game. The wallet sucks, and the requirement is too high for mining the crypto that lost maybe around 90% of its value!
Experience with games on Hive
I still playing actively 3 games on Hive without the mindset to make money. The price of their tokens has dropped so dramatically that is insane to think about making an income with them.
Most people drop the tokens on the open market for Hive, which results in pennies.
Look at the following chart of the price of scrap, the native crypto of the game Terracore. In less than 4 months, the price action has lost so much value...
The number of tokens in the smart contract is insane, and the number of liquids available on the market is high as well. This has a tendency to create a selling pressure.
The outcome is the price always goes lower and lower until to find the bottom hopefully.
My conclusion
The play to earn concept sounds beautiful on paper, but it failed in the niche of gaming in the crypto world. Don't think about building wealth with them. I have tried maybe around 20 games and come to this conclusion.
I keep playing because I still enjoy those games and I play because I have an element of accomplishment, progression, and challenge.
With the games I have played, the outcome is I made $0 in profit!
It is hard to believe, but this is my personal experience and conclusion.
Be careful when you think about investing in games. You might see and discover the dark reality of this conclusion.
PS: I am not a financial adviser, and always do your own research.
Have a wonderful and blossoming day!