Why the Metaverse Failed
ฝัง
- เผยแพร่เมื่อ 8 ก.พ. 2025
- In this video we talk about why interest in the Metaverse is down 97%, how many crypto games will go bankrupt, and what happens next.
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#Metaverse #NFT #Crypto
Hello! 👋 My name's Jake the On Chain Gamer. I'm a 27 year old who loves gaming, science fiction, investing and crypto! I feel lucky to be able to share my passion with you all! Ready Player One is one of my favorite books! On Chain Gaming will change the world.
❓ On Chain Games are games with real ownership on the blockchain! Traditional games own all in game assets & have the right to terminate items from your account and prohibit the resale of assets, but blockchain games give real ownership of items to gamers. This means game items are stored in secure wallets and can used in game or sold to other players for real money! Crypto games enable play-and-earn gaming because money earned in these games is exchangeable with money used in real life! For the first time we’re merging the real economy and virtual game economies into one economy! Subscribe to keep learning.
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⚠️ This video was created for entertainment purposes ONLY! This video is NOT financial advice. Crypto is volatile and can easily lose value.
Thanks so much for watching this blockchain gaming video!
The fact you think someone getting rich in a game & it still being sustainable shows me you ain’t this gigabrain you think you are. Just an engaging communicator that worked hard.
It'll happen. The real economy is mostly sustainable, and people can get rich in it.
A balanced digital economy will allow for top performers/ early in game investors to make a lot of money.
It wont be sustainable though. Gamers complain about how much a battle pass costs, they are never going to be happy to continue to fuel other players wealth.@@OnChainGaming
As I have said for years, the only way to have a successful NFT or Metaverse company is to never use the words NFT or Metaverse. Just provide a good product that customers want, and they will not care about the technology that it runs on. The buzzwords are a death sentence because most people associate them with scams, and it's deservedly so because most nft/metaverse projects have failed to live up to expectations.
thanks for the video!
Metaverse= very expensive low quality MMO
Jake - dig in your heels - stay relentless! You are an icon in the space. Stay true to your mission.
Metaverse hasn’t even launched yet in earnest bro
This
Sad to hear, but I'm still an overall crypto AND OnChain fan aswell.
Love the video, Jake.
And you'll Always have My support.
- Cam tron. 😎🤞🏾
PERFECT TIME TO BUY!...ive also been playing the Heroes of Mavia beta and its amazing.
I’m just happy to be in the top 3% of people that get the importance of Cypto Games in the development of Cypto and the future of how we interact 😊🎉🎉
The term ‘metaverse’ was just clever branding for an mmo. It doesn’t mean anything other than an online space to participate in… which we’ve already had for decades.
True, but the search interest is definitely revealing.
Isn’t it deeper than just a mmo? Isn’t that just one aspect of a “metaverse” I think the metaverse is a whole digital universe where there are other metaverses the size of planets… and there would be only 1 server which means u could be playing with 1 billion other ppl we are no where near that yet..
that's basically the matrix and would billions or even millions of people willingly spend most or all of their time in there rather than reality? I'm not convinced tbh@@thelastgod7261
Jake I appreciate all your sharing and insight. It is sad but this is the truth that metaverse, gamefi even crypto are dead now.
The only way to save metaverse is like Blackrock or Tesla to do some announcements of them investing this.
For me the best playto earn project by far will be Walking dead empire by Galagame , best web 3 gameplay
Facebook didn’t change their name to Meta for nothing. Load the bags boys!
We haven't had anything resembling a metaverse yet. And crypto-currency games are doomed as long as they're unfair and expensive and complicated
I respect the honesty
I don't think your channel ever got big enough to warrant 3 employees. That decision was a bit euphoric.
You know nothing, John Snow.
you dont understand how much he got for promoting those scams....
@@justjonker8374 even so, would’ve been smarter to not take on employees, the down trend was already obvious
Good job on chain gameing can you look into star atlas before I lose money in it to
We talking metaverse or web3 gaming here?
Bro, I think you need to play back axie infinity origin, they made alot of progress up until now.
I honestly start to enjoy the game and put money inside.
This is not only because I'm an axie maxie, but they really cooked something as we speak.
Oh ya if you wanna do collab to talk about axie, lets arrange the time
it is sad to see you take rest in the market condition like this.
btw I still subscribe your channel 😄
I subscribe it start when you talk about burning mechanism for axie. (btw they did it, slowly but sure)
Champions arena already has over 20k users day 1
Where (in genral) are you recording from? Is that a real scen out your window or a digital backgdrop? Just cuirous. Looks great.
green screen
From these lows, just about any gaming coin you will at least 10x to 20x. This space is about momentum and hype, no fundamentals. It's in its infancy, treat it as such.
I feel like you should wear clown makeup for all your future video's.
Still like metaverse /web
3 games and investments.
Be Greedy when others are Fearful.
Bro you got yout nfts back from mirandus? Still playing mirandus?
So big time has a five year potential survival plan..cept nobody plays a 5 year old game...
Not sure if you’re just salty with gala or they truly are trying to screw us over. Makes you wonder why coin base decided not to participate in their v2 launch
Oh it’ll return… ppl will probably migrate to bitcoin ordinals next hype cycle…
The reason why they don't have users now... Is because they don't have a complete game yet! If you actually have a game, people will come obviously!
Metaverse did not fail...only you failed with Gala 😂
Hahahha EPIC!!!
Most honest crypto video I've ever seen. I'll never unsubscribe with content like this.
Wow. This video marked the bottom.
Stella Fantasy.
pps do you think Star Atlas has a ghost of a chance?
nope... they are going to under deliver their initial promise and find it doesnt keep investors and early adaptors.... unless they secure extra funding to rebuild the studio... no sir, no real game or chance
Also the trad stock market is a forced market. I'd say 90% of the money there doesn't want to be there, but is funnelled through coercion with taxes and inflation.
a great heart to heart video - I love that responsibility you show... you recognise that anything you talk about some fools are going to blindly jump into them as they are the new buzz... the only thing i will add though is you know illuvium are sharing balance sheets and burn rates as you correctly quoted illuviums roughly 1m a month burn rate! :P so there is 1 project with transparency! I still beleive its going to come good even after delays and token inflation the game will be fun and engaging after pvp launch and development! :) ILV0 needs work tho imho... its a bit dry for even me, an ILV maxi :P
I'm not unsubscribing because the metaverse is dead, I'm unsubscribing because your channel is.
Im not unsub ing and im not going to because you are in the right side now.
Thanks for leaving and showing others the dark and greedy side of the GALA games.
Good luck and stay strong because this bear market is going to end at some point.
Earth 2 💯 % !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Metaverse 😂
Bro, STAR ATLAS full economy is going to start in few weeks...I´ll let you know...stay strong and don´t give up!!
Get back to covering games my boy!!!!
Bro, your videos just aren’t exciting. At least this one isn’t.
There is a time for everything. Not going to be hyped when Metaverse companies are dropping like flies.
Still never addressing phantasma and your video is literally on there front page💀 🤡
Cornucopias/Copi🌽🫡🌽🫡🌽🌽
very transparent team with a working game. Our time will come