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Thanks for the response, I'm a sceptic when it comes to NFTs and that seems to be the general sentiment on HN as well What's interesting to me is that you kind

by enlyth 5y ago

Thanks for the response, I'm a sceptic when it comes to NFTs and that seems to be the general sentiment on HN as well What's interesting to me is that you kind of confirm the main enticement for the game is the promise of earning money. These types of games don't seem sustainable to me in the long run. What I keep asking myself is where is this money everyone playing is coming from? If it's new players or new inflows into crypto then it's basically a convoluted pyramid scheme, and I can't see how value is being created which can be constantly extracted and exchanged for real life goods But maybe it's similar to people making a living like in the old days selling WoW gold or Runescape items or whatever? I don't know, the modern economy confuses me

larsiusprime 5y ago
Currently the plan is to transition to different game modes that are supposed to turn the ecosystem into a platform in its own right. We discuss the viability of this in the report; in our opinion there are challenges down that route as well, ultimately you must create an ecosystem where more players are putting money in than expect to take it out. Anything could happen but what is on the roadmap currently seems like it needs a lot of work.
- deleted 5y ago
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- leppr 5y ago
  One thing that's striking with their "roadmap" is how they seem to plan on doing seemingly everything you could think of in the field of crypto + video games. L1, DAO, DEX, social platform, fun-in-its-own-right game, user content creation platform, ... That pattern of over promising and vague roadmaps is endemic in the speculation-driven field of crypto.
leppr 5y ago
There's the entry fee and speculators buying the SLP and AXS tokens. > If it's new players or new inflows into crypto then it's basically a convoluted pyramid scheme, and I can't see how value is being created which can be constantly extracted and exchanged for real life goods 99% of DeFi/NFT/"Crypto games" products are indeed convoluted pyramid schemes. It's just the natural result of mixing a financial bubble with new technology very few people understand.

by enlyth 5y ago

larsiusprime 5y ago

Currently the plan is to transition to different game modes that are supposed to turn the ecosystem into a platform in its own right. We discuss the viability of this in the report; in our opinion there are challenges down that route as well, ultimately you must create an ecosystem where more players are putting money in than expect to take it out. Anything could happen but what is on the roadmap currently seems like it needs a lot of work.

deleted 5y ago
[deleted]
leppr 5y ago
One thing that's striking with their "roadmap" is how they seem to plan on doing seemingly everything you could think of in the field of crypto + video games. L1, DAO, DEX, social platform, fun-in-its-own-right game, user content creation platform, ... That pattern of over promising and vague roadmaps is endemic in the speculation-driven field of crypto.

leppr 5y ago

There's the entry fee and speculators buying the SLP and AXS tokens. > If it's new players or new inflows into crypto then it's basically a convoluted pyramid scheme, and I can't see how value is being created which can be constantly extracted and exchanged for real life goods 99% of DeFi/NFT/"Crypto games" products are indeed convoluted pyramid schemes. It's just the natural result of mixing a financial bubble with new technology very few people understand.