Beware of the Copy Cats!

THE LAST 6 MONTHS HAVE TOLD US SOMETHING ABOUT THE BLOCKCHAIN GAME MARKET. THAT IT IS LUCRATIVE AND IT IS THE FUTURE. HOWEVER, WITH EVERY GOOD THING THE COPY CATS ARE SURE TO FOLLOW. WE HAVE SEEN MANY GAMES COME OUT, MANY ARE VERY SIMILAR AND MANY WON'T MAKE IT.

THERE ARE A LOT OF GAMES OUT THERE THAT FOCUS ON NFT GAME ITEMS THAT HAVE GAME UTILITY. ON THE WAX CHAIN, GAMES LIKE ALIEN WORLDS AND RPLANET CAME OUT EARLY LAST YEAR, AND HOLDING LAND OR VALUABLE MINERS LED TO BIG BUCKS. THEN THE COPYCATS CAME, AND I MEAN A LOT OF THEM. THE RAVAGE WAX FANS ATE A LOT OF THEM UP. THEY PAID A LOT FOR PACKS OF CARDS AND OTHER GAME ITEMS. MANY HAVE DROPPED 80% IN SOME CASES. YOU KNOW THE GAMES. I AM NOT HERE TO BASH ANY PROJECTS, BUT IF YOU HAVE BEEN FOLLOWING ATOMIC HUB YOU KNOW WHICH ONES.

WE CAN ALSO LOOK AT THE BINANCE CHAIN. EVERYDAY NEW GAMES COME OUT OFFERING THEIR OWN COIN. IT IS A VERY PRECARIOUS TIME TO DISH OUT BIG BUCKS FOR ITEMS AND NEW COINS THAT POP UP OVERNIGHT. WE SAW THE SUCCESS OF CRYPTO BLADES AND SOME PEOPLE WERE RAKING IN THE MOOLAH. IF YOU GO TO DAPP RADAR AND LOOK UNDER NEW GAMES THE MAJORITY OF THEM ARE BSD GAMES. BE WARY, BE VERY WARY. IT IS A LITTLE OVERWHELMING.

MANY OF THESE GAMES WERE THOUGHT UP BY GUYS LIKE YOU AND ME. A LOT OF THEM HAVE GREAT IDEAS AND MAY HAVE SOME CONNECTIONS TO PROGRAMMERS. HOWEVER, MOST DON'T HAVE A DEDICATED TEAM AND MOST DON'T HAVE THE KNOWLEDGE ON HOW TO SCALE, UNLESS THEY PAY FOR A BIG TIME DEV THAT ALSO KNOWS THE BLOCKCHAIN. MOST OF THESE GAMES ARE NOT AAA TOP BLOCKCHAIN GAMES IN DEVELOPMENT. DON’T WORRY ABOUT THE BIG STUDIOS. THEY WILL LEAD YOU TO THE PLAY FOR PASSIVE PROMISELAND.

SO HOW DO WE PREVENT OURSELVES FROM FOMOING INTO A PROJECT LIKE THE WAY JUSTIN SUN FOMMOED BUT DIDN'T ACTUALLY FOMO FOR THE BEEPLE AUCTION?

THE FIRST THING I WOULD SAY IS RESEARCH THE DEV TEAM. I’LL SAY IT AGAIN BUT SLOWER, R E S E A RC H T H E D E V …. T E A M. FIND OUT WHO THEY ARE , WHAT THEY HAVE DONE AND WHERE THEY SEE THE PROJECT GOING. LOOK FOR A WHITE PAPER OR A ROADMAP. IF YOU DON'T SEE ANY OF THAT, RUN LIKE FORREST GUMP. SECOND, LOOK FOR FANS ON TWITTER , DISCORD AND OR TELEGRAM. IF THEY HAVE A FOLLOWING AND OTHER PEOPLE ARE INTO THE PROJECT, THAT WOULD BE A GOOD INDICATION OF POSSIBLE FUTURE SECONDARY SALES. THIRD, IT IS LIKE ART, RIGHT? BEAUTY IS IN THE EYE OF THE BEHOLDER, IF IT'S A GENRE YOU LOVE AND THE ART SPEAKS TO YOU THEN MAYBE YOU GOT A WINNER. IF YOU FOLLOW THESE THREE RULES, YOU SHOULD DO OK. NOTHING IS GUARANTEED BUT THIS WILL HELP MITIGATE LOSSES. I HOPE THIS HELPS, I FOR SURE AM EVEN HAVING A HARD TIME NAVIGATING THE MARKET RIGHT NOW, BUT WITH A LITTLE PATIENCE AND DUE DILIGENCE YOU WILL BE REWARDED.

DISCOVER LEARN AND EARN