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What's Next? Play to earn bubble....

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Rehan
@rehan12
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5 min read

Whenever I used to listen to the idea of playing games and that even, you get paid for it, my usual thoughts were "WTH"? Is that even possible? But to my surprise after spending years in crypto I do believe that quite a lot of unbelievable things seems to happen in crypto! If you get the right information at the right time, you could possible end up making money as well. Crazy crypto world, indeed!

Evolution of CRYPTO!

  • Crypto

  • Government excited to tame crypto

  • Meme coin

  • NFT

  • Play 2 earn

If you are in crypto for some time, I suppose you may have seen the above stages along the journey of yours.

  • When people first got introduced to crypto, this whole crypto concept was more like a terror to them. Without proper knowledge people thought as if it was only BTC that made crypto what it is. The way how the technology could have made a phenomenon breakthrough in a lot of industry, this piece of knowledge was unknown to people. It took a lot of years for people to realize what crypto is and what it can actually do? Slow steps, I suppose!
  • Government is always afraid of loosing power over people. What better way it could be done, than crippling the force of decentralization (crypto) and the prospect of owning thyself money in own pocket! I suppose government will always want to keep our money in their control. There were lots of solution to existing problems of monetary value. All these could have been solved by Crypto. But as always why would gov do sth which would bring menace to their way of thinking. At the end the result was, trying to enforce legal impacts into crypto and try to tame it. But have they achieved it till now lol......
  • The era of meme coin! Damn there were money flowing into crypto, as if it was raining $$$$$$ into different memecoins. Aka they were also given the name shitcoins. Apparently, we all knew what would happen once those bubbles gets burst. The shitcoins ruined the moral way of thinking. Quick rich scheme is probably not for everyone in crypto, unless you get extremely lucky in one way or another 😉
  • NFT! One of the craziest hype ever
    happened in crypto industry. Damn, there were tutorials of how to swing Nft's and make money out of them. Those were some crazy weeks! Well like I stated, everything out in crypto is quite exciting and at the same time very unrealistic. Better not play with your money, if you have no idea about what you are actually doing.

Play to Earn

I am not a big fan of gaming. In fact, for some reason I do not like playing games at all. Which is why I neglected this gaming revolution from the very beginning. Splinterlands was my first ever P2E game from where I started to get something. I mean real money aka crypto. As because from my previous experience, I have seen plenty of apps and games declared they do give out money for their games but in reality tables does turns out and at the end they turns out to be as scam. So it took me a long time to actually believe that there is something where you can earn money and that even by playing!

  • Statistics

According to stats from Dappradar, as you may see Splinterlands has the most active users in the last 24 hours compared to other p2e games. From my point of view this is a massive success. The number of players are increasing everyday in Splinterlands. Even though, there are other competitors out there, where p2e has become one of the biggest industry in crypto. A complete guidance, nurture, some special promotion could make Splinterlands blow just like Axie-Infinity did few months back. While there were many throwbacks and bad decisions made by the team of Axie which lead them to the current position in the Dappradar list. Currently they are sitting at no 16 in the chart. They have lost users drastically which literally led to their demise.

I honestly think there are lots of places where Splinterlands can improve their gameplay. I myself am quite deep in SL. I would literally want to see it reach to the peak where it deserves to be. I am in it for long term as well. Although, even if other play to earn games appear in this field, Splinterlands would get a massive opportunity. As they are already ahead of few years in development, userbase, investment and a future road map as well. Lets see how it really turns out to be.

  • Mistakes in p2e

According to the bubble of p2e games AXIE-INFINITY made a huge buzz. Which literally attracted a huge number of players to dive into p2e industry. Even I went into FOMO, and got myself a set of Axies. Although, I have recovered most of my investment and I am not really going over Axie's again. The key point here is, the amount of time needed to play the game and the return on those time, it does not really adds up. Thus this demise of Axie happened as we speak. And not to forget the hacked issue, where they lost millions of dollars.

So, I do really think in the next coming days there will be lots of projects regarding p2e. Many will get the hype due to some influencers and there will be people who will jump into those so called p2e games but eventually, they will collapse. Resulting many people will loose their funds and the end of the story would be CRYPTO IS A SCAM!

If I am being honest, during my first year in crypto I had a strong belief that I can only be here (crypto) for not more than a year. As my previous experience with online visions and projects were not that positive. Little did I know after 5-6 years, this thought of mine would change drastically. As of today, all I can think of is how can I increase my portfolio, how can make myself gain more knowledge in this place? Thus my point is, Crypto has become a very rigid part of my life. I am not saying it will happen for everybody. As we all have our own perspective and who knows where your earning would drag you which place. Till then keep on going!

Image source : 2

Best regards
Rehan

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