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GameStop gets a token
This is correct: Jim Stop (New York Stock Exchange:GME) launches the NFT Stock Exchange.
That news immediately sent meme stock 30% down, a possible result I outlined in a newsletter in December. GameStop is making its way with NFTs in the Metaverse, and investors seem to be loving every moment.
Today, we’ll take a closer look at the Web3 games that likely inspired GameStop, and see which ones (and their associated NFTs) will go to the moon.
Crypto Metaverse is hot. But is it good?
So-called stock experts have a bad habit of talking about companies they know very little about.
Interview host: “What is an upstart (Holdings) doing?”
Analyst: “Ah… well, I’m sorry… yeah… you break up. [ends interview]”
I wish I was kidding. But this was actual Clip from CNBC power lunch in October.
Now, I’m not saying that experts need to try each product themselves. I recommend biotech all the time without personally trying their medications (and my doctor thanks me for that). Thankfully, an L-Brands split analysis in August didn’t call for a Victoria’s Secret lingerie fitting.
But the big investors are at least conscious For the company’s product, if you are not closely familiar with its quality.
Taking the Metaverse for a ride
That’s why I dedicated this week to playing video games. And before you complain that I’ve been extending my vacation vacation, consider the ones I picked:
- decentralization (CCC:mana-dollar)
- sandbox (CCC:Sand-dollar)
- Axi Infinity (CCC:AXS-USD)
Together, these are the best Metaverse NFT games of today.
Here is the essence of the investors: Only the most fun games will survive.
The most played multiplayer game of all time – Activision Blizzard (NASDAQ:ATVI) world of cans – 116 million subscribers Because it was good. Players will spend hundreds (if not thousands) of hours fighting orcs and dwarves in the online world of Azeroth.
Meanwhile, disappointments like National anthem And Cyberpunk 2077 movie It was the opposite of polarity. These losers alienate users with their buggy gameplay, lack of content and false promises – sometimes all of the above. Bethesda Director Todd Howard saw his reputation almost destroyed overnight before fallout 76 fiasco in 2018.
Today, the stakes are higher. Fortunes have already been created and lost on the Metaverse cryptocurrency; In December, a virtual plot of “land” in Decentraland sold for $2.4 million, to FOMO to those who sold for $106 in 2017.
So, to see which of these cryptocurrencies have any hope of rising the most, I turned on my gaming PC and logged in directly.
tl; DR: A ghost town in general, but one with real potential
Getting into Decentraland was surprisingly easy. A simple visit to their website quickly transformed your desktop browser into an internet cartoonish world.
Then things got weird.
There were hundreds of other characters around my avatar. But I quickly realized that they didn’t move…or did much of anything. Apparently these “zombies” were AFK (away from the keyboard) users who left their sim turned on.
The graphics were also disappointing. The bouncy photos looked as if someone had brought back two decades. The latest visuals, Unreal Engine 5, were not.
When I left the starting area, another fact emerged: there was not much to do Act outside the central boxes. With the exception of occasional homes, much of Decentraland is undeveloped and uninhabited. Unless you want to play a copycat of Maine Craft Or lose money at one of Decentraland’s many online casinos, you will likely pass by the game.
Here’s where things are interesting. Decentraland is intentionally built in the cloud, making it easy to deploy graphical improvements. And some lavishly built estates have strange extravagance to them. Stare hard enough, and Decentraland looks like the likely winner of the Metaverse.
This leads us to the real question:
Should you buy MANA?
Short answer, MANA is definitely a symbol to watch, but investors looking to make a real profit in Decentraland should consider something else:
the the earth.
The limited width of 16 x 16 meter pieces is the building blocks of Decentraland. Ownership is represented by NFTs and prime “locations” (ie plots of land near roads or central plazas) can sell for millions.
Investors can also get relatively cheap rates, at least according to NFT standards. Prices currently start at $13,000, and more affordable sites are still available for $20,000 or less. Just make sure not to overpay.
Most importantly, owners can Develop cut their land. Smart programmers have already made millions by creating 3D models in the Decentraland SDK. And with a maximum of 90,601 plots of land, it is far better in value than any easy-to-replicate NFT in the MANA world.
Conclusion: Decentraland Land looks more attractive than other MANA NFT systems.
tl; DR: SAND is on its way to a promising start, but it’s still too early to buy
The second competitor to the “Metaverse Star” is Sandbox, a game developed by Animoca Brands.
Sandbox is a larger version of Decentraland, spanning about 65 times the size of the virtual Earth. The plots are also larger, at 96 x 96 meters each, giving developers more room to experiment. The graphics likewise have more polish.
However, Sandbox was a game I could do Not Play. The original alpha season one had already closed by the time I got the recording, and paying the $10,000 to get a full pass gave me serious feelings at Fyre Fest.
However, online reviewers have taken to the web to express their opinions.
“The Sandbox looks and feels very good…it has a long life,” said one YouTube commenter. “However, the gameplay and the polish, I’m not that much of a fan… the fight felt lost… It prevents the game from feeling fun or rewarding.“
Sandbox land – averaging $15,000 per lot – also looks like a questionable investment. Not only is the game unfinished (so you can’t visit your land yet), but the current owners have turned the map into a virtual classifieds page, with owners looking to flip properties as quickly as possible.
This is bad news for SAND. With wealthy development companies from Square Enix (OTCMKTS:SQNXF) (Final Fantasy) for Microsoft (NASDAQ:MSFT) (Maine Craft, Halo) to enter the world of NFT/Metaverse, Animoca Brands will need more than reasonable graphics to keep up.
Bottom line: Without an action game, SAND remains a highly speculative game.
Axie Infinity (AXS)
tl; DR: Axie is a great way to build race equality…if you enjoy Pokémon style games
Finally, there’s Axie Infinity, a Pokémon-style fighting game where players raise and raise “Axies” to fight.
Getting started was not so easy. You need 3 “Axes” to join, and the only way to get them is to spend roughly $200 in the Axie Market (those looking to buy a balanced team will need $500 or more).
But for those who want to cash in, Axie Infinity is somewhat suitable. The turn-based fighting game is a nice, well-balanced and addictive game. I soon found myself watching hours of YouTube videos to discover the best combination of abilities and combos.
That’s because Axie Infinity also contains items found in games like hearthstone – A highly successful competitive online game. Players are not only motivated to collect Pokemon-style creatures for their rarity, but they also get cash compensation for the effort. summit hearthstone Players can earn hundreds of thousands of dollars; Some Axie players are now said to be earning $2,000 a month or more.
Should you buy AXS?
Invest in AXS – or its cousin soft love potion (CCC:SLP-USD) – is a separate matter. Axie Infinity has a bloating problem on her hands. “The players [are] Analytics firm Naavik suggests cashing in their money rather than giving it back to the game, a fact that I can attest to as I became an expert in the office in the game.
NFT radar He puts it more frankly.
“Axie’s economy … collapses when the number of new arrivals decreases or stops,” they wrote. “It’s very much a Ponzi-like scheme.”
There is a great deal of truth in that. Axie developer Sky Mavis acknowledged that “Axie’s economy will depend on new entrants by design.” Just by collecting $500 from new players, this franchise-style economy can reward existing players with $2000 per month.
Conclusion: Buy AXS/SLP if you’ve been playing Axie for joy. But don’t expect returns without making the effort.
You can’t trust First Engine Advantage in video games
In 1997, last seen online Took the world by storm. According to data scientist Randy Olson, the multiplayer online role-playing game (MMORPG) will eventually make up 90% of the market.
Ultima The success, however, was short-lived. By the year 2000, Everquest based in Korea descent He will reign supreme as the best-selling games. Fast forward another 4 years and world of cans He will do the same.
In other words, popular online games can lose popularity overnight. If your friends all moved on to something better — or even completely different — you probably should too.
The same principle applies to the Metaverse games I’ve tested. Waking up from Decentraland simply involves closing the browser window. And weaning myself off Axie Infinity check out cold turkey by throwing my phone out of a second floor window (I Tell You game was addicting).
This means that Metaverse crypto investors need to proceed with caution. And unless you’re willing to play the games themselves, don’t view these investments as a path to easy fortunes.
Note: Want to learn more about cryptocurrencies? Feast? Options? Leave me a note at [email protected] or connect with me on LinkedIn and tell me what you’d like to see.
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At the date of publication, Tom Yeung did not (directly or indirectly) hold any positions in the securities mentioned in this article.
Tom Yeung, CFA, is a registered investment advisor with a mission to make the investing world simple.