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Originally Posted by donk.
What are people's opinions on game coins?
Sand / mana etc?
It seems like today they are just speculation, but with how large the gaming market is, all it's gonna take is for Roblox or Minecraft, fortnite to create or adopt a coin, and it would permanently skyrocket.
I'm really curious to see, when crypto is actually incorporated into videogames on the daily, who the king coin is going to be
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Personal opinion. Big gaming conglomerate will try their hardest and resist in whichever way possible to NOT use anybody’s coin but their own. That is if they ever adopt crypto in the way we imagine.
SAND MANA these two in particular are still way way overpriced objectively to their actual usage (which isn’t much beside purchasing asset right now)
IMO metaverse are still very very far away to reality and the first wave of adoption will not actually come from user (becuase let’s face there isn’t much to do as user right now and most people like to interact with thing, not build them). It will come from builder who will purchase land and asset so they can create something that one day will hopefully bring about the adoption that we dream of.
Coin are subjective to fluctuate, manipulation and market sentiment. Which mean at any given point in time it might be overvalue or undervalue. And we do not have an idea on how exactly these coins will interact with the metaverse economy in the future.
The better bet imo if you are bullish in the space is the actual asset. The intrinsic value of these asset (basically land right now) is already set in stone. If these metaverse are to take off you will need developer to buy these land and actually build something on it. The metaverse will not magically materialize if day SAND hits $10. SAND can go from $2 to $20 back down the $0.20 before we even get a glimpse of the real metaverse. Added bonus, these asset are highly illiquid and generally hold their value during market swing. And land being a limited resource in the new metaverse it kind of work the same way as irl.
Say you are investing in a possible new development country. Would you rather invest in their yet unproven currency? Or would you rather invest in the singular finite resource this country has, the land?