Panto_Villan Posted April 18 Share Posted April 18 18 hours ago, Vancvillan said: keep an eye out for an indie game studio called bloom, think the tge is a ways off but having seen the team and roadmap I think it'd be one to get in early this guy is one of the lead devs: https://x.com/oddishdoteth?t=PLG5Aob7hBTfMPtuSnkNnA&s=09 Get in early to make a bit of money before it inevitably crashes and dies, right? As an actual video game that people want to play it's never going to succeed. I think it's fascinating so much of the altcoin scene revolves around projects that everyone knows are ultimately doomed to failure, where everyone is just trying to work out if any given project looks "real" enough that the price might rise for a bit and give them the opportunity to make some money at the expense of everyone else trying to do the same thing. It's really just gambling based on group psychology. Link to comment Share on other sites More sharing options...
Vancvillan Posted April 18 Share Posted April 18 (edited) 3 hours ago, Panto_Villan said: Get in early to make a bit of money before it inevitably crashes and dies, right? As an actual video game that people want to play it's never going to succeed. I think it's fascinating so much of the altcoin scene revolves around projects that everyone knows are ultimately doomed to failure, where everyone is just trying to work out if any given project looks "real" enough that the price might rise for a bit and give them the opportunity to make some money at the expense of everyone else trying to do the same thing. It's really just gambling based on group psychology. If you think every web 3 game studio is going to "crash and die" then avoid the space. If you think no-one wants to play some of the studios existing games then you're flatly wrong, go check out the Oh Baby Games discord, I'm sure there are plenty more I'm just not deep in the gamefi trenches. All crypto projects (from BTC to the newest alts) are / were essentially micro-cap start-ups at inception. If you're not building and you want something to succeed, the best thing you can do is invest early when the project needs capital / liquidity / attention. There are obvious grifts, but how is this different to the internet in the 1990's? Everyone I know is looking for novel defi / raw / socialfi / ai / gamefi / etc projects to back because of course you want to be in early and make money, but they are looking for projects they actually want to use. If someone offered you equity in Facebook in 2005 would you have said "nah, seeding internet start-ups is just gambling on group psychology"? Even memecoins, which are pure gambling for attention, serve a utility purpose in bringing liquidity to a now fractionalized multi-chain ecosystem. Serious defi founders know this - in 2021 they used NFTs to build community and onboard new users to financial derivatives, lending, yield farming, etc. Today it's memes - if you don't think they serve the chain study Solana and WIF. I don't know your crypto leanings, but your post sounds a lot like what I hear from cynical BTC maxis who are ironically now building out their own NFT and L2 eco. You do you, but the chats I'm in are all genuinely excited about projects and teams that can create meaningful utility for end users, and there's a level of curiosity, support, transparency and hard work that I haven't see in crypto before. Edited April 18 by Vancvillan spelling Link to comment Share on other sites More sharing options...
Panto_Villan Posted April 18 Share Posted April 18 4 hours ago, Vancvillan said: If you think every web 3 game studio is going to "crash and die" then avoid the space. If you think no-one wants to play some of the studios existing games then you're flatly wrong, go check out the Oh Baby Games discord, I'm sure there are plenty more I'm just not deep in the gamefi trenches. All crypto projects (from BTC to the newest alts) are / were essentially micro-cap start-ups at inception. If you're not building and you want something to succeed, the best thing you can do is invest early when the project needs capital / liquidity / attention. There are obvious grifts, but how is this different to the internet in the 1990's? Everyone I know is looking for novel defi / raw / socialfi / ai / gamefi / etc projects to back because of course you want to be in early and make money, but they are looking for projects they actually want to use. If someone offered you equity in Facebook in 2005 would you have said "nah, seeding internet start-ups is just gambling on group psychology"? Even memecoins, which are pure gambling for attention, serve a utility purpose in bringing liquidity to a now fractionalized multi-chain ecosystem. Serious defi founders know this - in 2021 they used NFTs to build community and onboard new users to financial derivatives, lending, yield farming, etc. Today it's memes - if you don't think they serve the chain study Solana and WIF. I don't know your crypto leanings, but your post sounds a lot like what I hear from cynical BTC maxis who are ironically now building out their own NFT and L2 eco. You do you, but the chats I'm in are all genuinely excited about projects and teams that can create meaningful utility for end users, and there's a level of curiosity, support, transparency and hard work that I haven't see in crypto before. OK. I didn't realise you were a true believer in Bloomverse. Then just a quick warning from someone that has worked in the video games industry for a long time. The tech video that they have on their website is the sort of amateur stuff you'd expect to see from a two week student project - where I work if a new grad applying for a job had that in their showreel, they wouldn't be getting an interview. There have been crypto games with perfectly competent development teams, of course, but this doesn't look like one of them. There's literally one 3D artist and maybe 2 programmers? There's also fundamental problems with any crypto game that means they only appeal to players who are more interested in the crypto part than the game part - it's extremely hard to compete against mainstream games that don't have the same design constraints on making the player experience more enjoyable. So I'm not saying crypto games will never have any players at all, but it's a relatively small audience and development studios are very expensive to run. Please do let me know if their ICO raises more than $1m. I've seen big raises from the more capable teams, but I'm curious what a white paper and a low-grade tech demo can raise! Link to comment Share on other sites More sharing options...
Vancvillan Posted April 18 Share Posted April 18 1 hour ago, Panto_Villan said: OK. I didn't realise you were a true believer in Bloomverse. Then just a quick warning from someone that has worked in the video games industry for a long time. The tech video that they have on their website is the sort of amateur stuff you'd expect to see from a two week student project - where I work if a new grad applying for a job had that in their showreel, they wouldn't be getting an interview. There have been crypto games with perfectly competent development teams, of course, but this doesn't look like one of them. There's literally one 3D artist and maybe 2 programmers? There's also fundamental problems with any crypto game that means they only appeal to players who are more interested in the crypto part than the game part - it's extremely hard to compete against mainstream games that don't have the same design constraints on making the player experience more enjoyable. So I'm not saying crypto games will never have any players at all, but it's a relatively small audience and development studios are very expensive to run. Please do let me know if their ICO raises more than $1m. I've seen big raises from the more capable teams, but I'm curious what a white paper and a low-grade tech demo can raise! Cool, you think this early stage studio sucks, move on. I didn't tell anyone to buy anything, just to keep an eye on them. The whole thing could implode before anything gets released - that's start-ups. I have no dog in this battle, sometimes you get to see things other people don't, will post more on other projects so maybe block me from now on. Link to comment Share on other sites More sharing options...
Panto_Villan Posted April 18 Share Posted April 18 16 minutes ago, Vancvillan said: Cool, you think this early stage studio sucks, move on. I didn't tell anyone to buy anything, just to keep an eye on them. The whole thing could implode before anything gets released - that's start-ups. I have no dog in this battle, sometimes you get to see things other people don't, will post more on other projects so maybe block me from now on. Chill out, it was just a friendly warning. You said you don't know much about the crypto game world, and I've worked in the games industry for almost twenty years - thought you (or anyone who reads this thread) might be interested in hearing the opinion of a professional before you potentially made an investment. If not then no worries. Just trying to give people the information they need to make their own decisios. 1 Link to comment Share on other sites More sharing options...
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