105
More than 75% of web3 games failed
(www.coingecko.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Nov 2023
105 points (100.0% liked)
Gaming
30500 readers
175 users here now
From video gaming to card games and stuff in between, if it's gaming you can probably discuss it here!
Please Note: Gaming memes are permitted to be posted on Meme Mondays, but will otherwise be removed in an effort to allow other discussions to take place.
See also Gaming's sister community Tabletop Gaming.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
Someone should have told them Texas Hold’em already exists.
I guess in a world where you can get paid to do surveys all day, why not? It sounds intriguing, and there’s enough regular financial management sims that I could see it working somehow, but apparently not yet really. Be interesting to see the ones that didn’t fold and why they’re still around. Though that could just be because of people willing to part with their money.
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
To be clear, the Texas Hold’em was definitely a joke as it can be a huge money hole for people waiting for profit, but yeah, I get your meaning.
I read the link skullgiver posted about FinSoul, and I don’t know if it’s mind blowing or inevitable and obvious that they’ve moved from scamming fake coins to building fake game worlds to con people into being vaporware investors.