Saturday, June 3, 2023

Gaming NFTs are going to make people rich (get ready)

In this video we will talk about Gaming NFTs and the boom that is coming with Play To Earn & Blockchain gaming in the near future. In this video we will break down the gaming industry, I tell you why I believe NFTs in games are amazing, & I’ll detail How to make money with Gaming NFTs.

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0:00 – 1:14 Gaming NFTs are going to be HUGE (Intro)
1:15 – 2:26 Gaming Industry is Massive
2:27 – 5:15 The Metaverse Trend – Huge Companies are building
5:16 – 8:14 The Purpose of NFTs in Gaming
8:15 – 9:27 I am so excited for NFTs to come into these Games
9:28 – 9:59 Gamers don’t like NFTs (Concerns)
10:00 – 12:04 Concern #1: NFTs are Money Grabs
12:05 – 13:15 Concern #2: NFTs are Bad for the Enviorment
13:16 – 13:54 Concern #3: Not all Games should have NFTs
13:55 – 16:20 How to Make Money with Gaming NFTs
16:21 – 18:41 Final Thoughts & Favorite Gaming NFT Projects
18:42 – 19:00 Outro

Financial Disclaimer:
This is not financial advice. I am not a financial advisor. This channel is for entertainment and expressing my opinions. Please do your own research and make your own decisions.

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  • Loopring $LRC is gonna be huge!!

  • EA GAMES would love this concept lol

  • On Sword Art Online ll they had gaming currency for buying and selling skins
    & transfers

  • Note: I obviously don't know everything, so I can't pompously say I speak for every gamer, just take it with a grain of salt after all its my own opinion on why gamers might not like NFT's, it's not your opinion, nor am I trying to make it yours, I respect your opinions whatever they may be. 🙂

    The fact that you earn money by playing is in and of itself a rather significant turnoff for me. I don't play games to earn money, I play them for their inherent artistic content that I can then derive personal enjoyment from. Something which I think many of the web 3.0 crowd fail to understand about core gamers is that we "play" not for any straightforward benefit, but rather for the fulfillment of abstracts. Essentially what I mean by this is that we play for the experiences themselves, the jouney as it were, we do this by first immersing ourselves in the game world. Some gamers find value through more tangible and superficial means such as completing challenges and achievements, gaining stats and equipment, or even completing a checklist for collectibles. The thing is though that a majority of gamers do not necessarily gain value from these things by themselves, I myself find value in the stories, or banter with friends as do many others. For some it is the moments when a game manages to make you emotional enough to cry, when It challenges your very beliefs and morals, or when it offers a thoughtful take on some abstract concept that leaves you stunned and thoughtful that you gain value.

    The issue here is that gamers have a bottom line, and that is "don't reduce the quality of the game". If developers end up having to use time which could have been better spent on improving the game's core systems on NFT's instead, most gamers would be displeased because it means that it is effectively a worse game. There is also an issue of trust as well, game companies don't have a good track record with gamers, and exploitative practices have also made gamers extremely skeptical of anything involving money.

    NFT's while different from microtransactions and presenting different issue seem to also end up with negative effects on a games quality, wether caused by the financial focus, or artistic degradation (remember this is my opinion not a fact). Microtransactions damage the superficial part of the game by reducing the inherent value of vanity, gear, and sometimes stats in order to make you spend your hard earned money. For example if you can now buy a costume that looks better than the one you got for beating an ultra-hard mode it subconsciously reduces the value of your in-game achievments, thus reducing your satisfaction whilst it unintuitively makes buying the costume seem more palatable. Pay to win games especially can exploit this superficial part of gaming in order to make people shell out far more money than they normally would.

    Whilst not a primary concern many hold about NFT's, many do fear that like microtransactions NFT's will inevitably reduce the quality of a game through the introduction of financial interests. By introducing financial interests into a medium like gaming you would inevitably not only distort the intrinsic superficial values of the experience, but also detract from the more abstract parts of the value of a game. By adding such interests to the game it will inevitably take center stage and you will end up getting people who will optimize and enhance their monetary achievments to the point where anything else will simply take place off to the side. I truly think that people have a misconception here with NFT's, they are not the future of gaming, instead they are simply a new subgenre of gaming. Many people simply don't want to have to deal with money when playing a game for fun. Also I just don't think play to earn should be lumped in with traditional gaming either. The fact of the matter is that no gamer who derives more value from something other than money will welcome NFT's with open arms, especially if it doesn't meet a certain baseline criteria. In essence NFT's themselves face so much opposition not just because of their environmental cost or because they are potential money grabs but also because they threaten to damage the abstract and superficial values of video games like microtransactions have. Not to mention the rife possibility of scams, and server losses.

    I hope my grammer was on point and my meanings were properly conveyed. If you managed to read through this slog of a post then thank you for taking time out of your day to read it. If you have anything you want to point out or wish to comment on please go ahead, I'm not infallable and I probably got a number of things wrong.

    Have a good day!~

  • I agree with you 100% I've been a gamer for decades starting with the original coleco vision console. I think there was something before that 🤔it featured a sort of ping pong (I'm not saying my age lol I think I'm probably your grandma's age lol) Anyway, you are absolutely right in your analysis. Spot on. I remember standing on line for hours at GameStop. If you pre-ordered you could receive it earlier. Call of Duty Black Ops 2 in 2012 made a billion dollars in sales worldwide in 24hrs. There are amazing metaverse now Avakin Life, Elder Scrolls, etc. I always bring this up but I'm telling you the best metaverse I ever got immersed in was Playstation Home when it was on PlayStation 3. Look up videos, there's plenty. My friends and I spent so much money in that game. It would've been awesome to actually own it. I was researching all the major game companies too. I noticed that buy as well with Activision and Blizzard. Plus, just how about the amazing games Microsoft Games has put out all these years. I also believe professional gaming sports and everything around that is huge. Call of Duty Championships, World of Warcraft, etc. I followed Optic Gaming the most during their legendary years with Scump, Crimsix, Karma, and Formal. A literal GOAT SQUAD. They all have YouTube channels. If you want to see how huge that side of gaming is go to the take a peep at Scumpis youtube channel. Look up Major League Gaming and eSports. One of the major sports channel is Dextero Call of Duty YouTube. They do feature other championships as well. You can tell I'm old can't stop talking lol I could go on forever. Anyway great job, I subbed and turned on notifications ☺️
    Anyone reading this needs to know this guy just gave you the million dollar ticket! He is 💯🔥

  • They are often always promissing games, but I have seen only a couple that actually delivers a game. Can you advise if Hoglympics is good to invest in?

  • NFT = Nice Fukkin try

  • Unique NFT games (with 3,000 minted out) is now a thing playable completely on Opensea. Check out Generative Dungeon. They minted out 9 days ago at 0.1 ETH. Somebody has even taken their NFT to import it onto an arcade machine.

  • ☝🏿👆🏿👆🏾👆🏾 you are forever in my heart and I will continue to invest and tell your good work to people out there ,where I also gain btc to wallet by you ❣ such a great man is needed to change life for better!

  • ☝🏿👆🏿👆🏾👆🏾 you are forever in my heart and I will continue to invest and tell your good work to people out there ,where I also gain btc to wallet by you ❣ such a great man is needed to change life for better!

  • As you can see we are in the month of February and I feel <those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naïve, the sphere have seen far worse times than this , enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 9.2 BTC when I started at 1.5 BTC in just a few weeks implementing trades with signals and insights from John Fredrick, I would advise y'all to trade your asset rather than hodl for a future you aren't sure about or hold it and risk loosing all..learningwashhands

  • then someone say this gonna make you rich is a scam
    you think they gonna just share the KNOWLADGE how to get rich nah they would keep that to themselves so there would be less competition

  • My biggest concern with the P2E model is that it can really take away from the "fun" of the game. The games become jobs, and everything is about the mindless money grind. Companies need to make sure that they are prioritizing fun and game mechanics.

  • True. Thank for great video. I hope I can be richer and richer thanks to Defi Warrior Game

  • Nice one. The tipping point is here as people finally see the advantages and rewards vs risk to being in the top 3 money making sectors Tokenized realty, networking and crypto currency!

  • ><great post Very detailed and accurate video that you posted, buddy, I love your content. It's funny how some people out there still haven't accepted that crypto currencies continue to change the world globally. It's hard these days for anyone who is against it. What I feel from a trader's perspective that we really need more experts in the field to educate newbie’s / investors on how the community works, the price of BTC has been fluctuating lately which means the market is currently open and you are not Be able to tell whether it is going to be too bearish or bullish, this uncertainty pushes most traders away and forces investors to hold on. I would say it is completely wrong to just sit back and wait for a few losses is perhaps the wrong mindset for an investor because, as an investor, you will find ways to keep getting and topping up more and more coins should be our top priority, to make a profit. It all depends on the pattern you are trading in and the source of your strategies as well. I started with 0.2 BTC and have accumulated over 4.5 BTC in just 3 weeks, with the correct trading strategy given to me by an experienced trader, Mr. Edward Rowe. His methods are top notch and profitable and he can easily be contacted via Telegram: @EdwardRowe

  • Found Metagods and feeling positive about it, would really want to see more of it

  • This is depressing to watch

  • Good video! Question: If a game developer wanted to create a market for item resale in their games, why would they want to incorporate NFTs at all? The capacity to create an item resale markey already exists, and was tested with Diablo 3's auction house.

    When that experiment failed, Blizzard shut it down because they had centralized control of the market. Why would game developers willingly relinquish that control to a block chain, while simultaneously increasing the transfer costs?

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