Buzz
This is what gamers need to keep in mind when choosing NFT games.
Although it's already 2022, the cryptocurrency market has cooled down, yet GameFi or NFT games continue to prove their potential as a new trend in the global gaming industry. Even giants like Ubisoft or Tencent are stepping into this path.
However, for many gamers, especially in Vietnam, confusion and chaos in the face of the NFT frenzy are significant. Despite the allure of earning money just by playing games, choosing the right game remains a valuable question.
Following the Herd - A Chance to Become a Victim of 'Scamming'
In recent days, the term 'scamming' has appeared frequently in NFT gaming communities. There's no shortage of scams where developers hype up a project to attract investment, leaving investors in pain.
Avoid being influenced by various media channels or advice from online 'gurus'. Evaluate an NFT game project based on game information such as roadmap, partners, development team... and draw experiences for yourself. Following the crowd, you will encounter even greater risks.
When too many people know about it, the opportunity is gone
Of course, 'following the crowd' is not necessarily wrong. Axie Infinity - one of the most famous NFT games today is the clearest evidence. However, remember that when too many people participate in and know about Axie, your profit pie is no longer as big.
Because initially, the number of players was limited, the value of a Pet team in Axie Infinity was quite low. And over time, as more people joined, the initial capital of newbies was also pushed up significantly, thereby significantly increasing the time to recover your investment until you make a profit. No one says playing Axie Infinity is wrong, but if you join at this point, your opportunity is also not much. So, remember that following the crowd also limits your opportunities. In the game called NFT game, pioneers always have an advantage over latecomers.
