Diverse and constantly developing, the world of GameFi is growing rumors and myths. To keep you correctly informed, we’ve collected the most popular and weirdest ones from different channels, forums, and such socials as Twitter and Reddit. Let’s dispel them together!
1. NFT Gaming Makes All Players Millionaires
NFT games enable users to get stable income and even make a living, as the pandemic Axie infinity fever in the Philippines has shown. However, only a few professionals earn a decent amount per month. The average earnings differ depending on a game, mode, genre, and player’s level. Meanwhile, NFT gamers practice a lot, research fit projects, and invest in assets to make as much as possible.
2. NFT Gaming Is Limited To Playing
Though NFT gaming is known as “play to earn”, playing is not the only activity one can do in its realms. For instance, NFT gaming enthusiasts can invest in assets, hold them, and resell them to get revenues. Next, they can stake coins or lend them. Last but not least, some projects have special non-playing in-game activities that bring profits.
3. All NFT Gaming Projects Are Low-Quality
Due to the hype, the GameFi market is full of similar simple projects that lack creativity, visuals, game mechanics, and plots. However, theft doesn’t predominate in the industry: NFT gaming has numerous high-quality titles to explore.
4. NFT Gaming Brings No Income
Though most conventional games bring no revenue, GameFi offers players multiple options to earn and convert one’s hobby into a stable income via gaming, holding, and renting assets.
5. All NFT Games Are Axie-Like
Centered on breeding cute creatures, Axie Infinity is one of the most popular titles in the industry that has inspired many developers to use the same gaming mechanics. However, GameFi is not limited to this genre and offers multiple genres, including Move To Earn, Metaverse, RPG, Strategy, Idle Game, etc.
6. Web 3 Games Are Copies Of Web 2 Ones
Indeed, some NFT games have plots, mechanics, or characters similar to the ones from popular Web 2 titles. Meanwhile, the nature of Web 3 projects is different, and NFT games don’t tend to copy conventional ones.
7. GameFi Has No Future
Skeptics suppose NFT gaming will only last for a while after the current hype. However, experts claim that the industry is to stay, develop with the introduction of Next Gen technologies, and prosper due to the increasing interest of the former Web 2 players in exciting games that bring revenues.
8. Switching From Web 2 To Web 3 Is Hard
Web 2 gamers intrigued by Web 3 are afraid that the new industry is too tricky to enter. However, thanks to the user-friendly gameplay of games and special tutorials, it is simple.
9. Playing NFT Gaming Requires Much Knowledge About Blockchain
Some skeptics think NFT gamers need to learn how blockchain works, what chains, smart contracts, and tokens exist, and what all the peculiar terms mean. However, to start playing, one needs only to know how to set up a wallet and the chain of a particular game. You can learn this data from the official site of a project or via Prom’s guides. Meanwhile, if you want to boost your knowledge, you are always welcome to read our tutorials and articles.
10. Gaming Assets Are Pricey
In reality, some gaming NFTs cost a few and some a few thousand dollars. However, one can get an asset that fits their budget or, for instance, rent it.
11. The Market Is About To Fail
The Crypto Crash scares many NFT gaming enthusiasts, but experts believe the industry is to stay and keep investing in it. The thing is that NFT gaming’s economy will flourish while gamers are playing and earning.
12. NFT Gaming Is For Men Only
Though conventional gaming is notorious for its toxic masculinity vibe and discrimination of women, NFT gaming is free from this, thanks to the complete anonymity of players.
13. All NFT Games Are Simple
Though the market is full of indie projects with simple visuals, plots, and mechanics, there are already sophisticated, high-quality products. Moreover, promising Next Gen games are about to enter the industry soon.
14. NFT Gaming Assets Are Not Secure
The first rule of NFT gaming assets’ security is not to share your private key with anyone. If you follow it, your assets and earnings won’t be stolen. Next, don’t share your data, and use trustworthy platforms only.
15. Commissions Are High
As a rule, players are charged gas fees that are not very high and are usually paid in a network’s native cryptocurrency.
Conclusion
As you see, GameFi has a lot of myths that are not true. To learn more about the industry, stay tuned and read our blog.
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