Change “micro” to “macro” and you’ve got it. You get a game then additionally buy all of the assets. “Fee2Pay” is a term that got coined a few years ago and it fits here too.
Depending on who you ask, it’s either God’s gift to all the cryptobros and GameStop bagholders apes or it’s games that have a more convoluted version of Steam trading but on the blockchain.
Tbh, anything NFT or crypto-related I feel like is scammy as hell at this point in time.
A bunch of cryptobros who don’t really have an interest in playing video games started to think “what if everything in a game was a cryptocurrency, and what if instead of playing for fun, you invested in the game to earn more money?”
Seriously, “play-to-earn” is the thing they want to make happen. They took all those boring trends that make shitty microtransaction-fests feel like a job, and they saw a future where stuff like this would actually be your job.
Difference I can see with traditional gambling (e.g. Texas Hold’em) is that it’s not in the instant, they actually want you to speculate on virtual “ownership” and spend now while it’s “cheap” to earn later in a totally happening glorious metaverse future. Yes, it’s very pyramid-y in nature.
Some of these “games” are empty shells of of a virtual world where you buy plots of land and then expect it to become more valuable, maybe build a virtual store or boring asset-flipped “resort” on it, rent part of it to someone to do the same, etc. They’re landlord fantasy. Except some may really believe in it.
If you’ve got the time, Dan Olson made a pretty good video about that stuff :
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Change “micro” to “macro” and you’ve got it. You get a game then additionally buy all of the assets. “Fee2Pay” is a term that got coined a few years ago and it fits here too.
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Gambling and a lot of pyramid schemes come out of these “games”
That’s basically it, except everything is darn expensive.
Depending on who you ask, it’s either God’s gift to all the cryptobros and GameStop
bagholdersapes or it’s games that have a more convoluted version of Steam trading but on the blockchain.Tbh, anything NFT or crypto-related I feel like is scammy as hell at this point in time.
A bunch of cryptobros who don’t really have an interest in playing video games started to think “what if everything in a game was a cryptocurrency, and what if instead of playing for fun, you invested in the game to earn more money?”
Seriously, “play-to-earn” is the thing they want to make happen. They took all those boring trends that make shitty microtransaction-fests feel like a job, and they saw a future where stuff like this would actually be your job.
Removed by mod
Difference I can see with traditional gambling (e.g. Texas Hold’em) is that it’s not in the instant, they actually want you to speculate on virtual “ownership” and spend now while it’s “cheap” to earn later in a totally happening glorious metaverse future. Yes, it’s very pyramid-y in nature.
Some of these “games” are empty shells of of a virtual world where you buy plots of land and then expect it to become more valuable, maybe build a virtual store or boring asset-flipped “resort” on it, rent part of it to someone to do the same, etc. They’re landlord fantasy. Except some may really believe in it.
If you’ve got the time, Dan Olson made a pretty good video about that stuff :
https://youtu.be/EiZhdpLXZ8Q?si=8FNV45vDy60SaNqz
Removed by mod