New To P2E? These 7 Tips Are For You!
Diving headfirst into the play-to-earn (P2E) space can be a little scary. Especially if it’s entirely new for you. Luckily we’re here to help you get a head start with some P2E tips!
As part of our mission to help players get comfortable in the P2E space, here are some quick and, hopefully, useful key points when navigating this exciting part of the metaverse.
7 Tips When Getting to Play to Earn
1. Do your own research and be skeptical
Time has proven that having a roadmap, an audit, and an official website isn’t enough to warrant a game’s sustainability, viability, and reliability.
Always look for third-party sources:
- Instead of YouTube videos, go to websites. Search the game on Google. You may find objective reviews and commentaries within the first few pages or so.
- Try to see how the audit looks as well as the game’s backing, funding, etc.
- It helps to know someone who has been in the P2E space before – he or she could help make a second opinion about your potential dive.
2. Don’t look for games that promise quick returns of investment (ROI)
This is one big red flag. Quick returns also mean quick goodbyes.
Just look at the SpacePort Universe. Too much hype, too much “influencing” and focusing on “social issues,” too much noise without results.
End result: double rugpull.
3. See if the developers are backed by third-party investors and have something to lose
Yes, we like to view the world of P2E and NFT gaming as one of numbers and metagames, but let’s not forget that the ones doing these games are also humans.
Check to see if they have a public presence and their background in similar/allied fields before doing a particular project.
Transparency typically instills greater confidence in a project. It shows they have committed themselves to go into the public eye, and thus they shoulder greater responsibility in the venture.
4. Make sure that they put development and stability first before profits
Hate them or love them, Axie Infinity could be one of the best examples in this regard, as they try to extensively test features and focus on the bigger picture consistently. A game that prioritizes development and engagement is more likely to stay than a game that is in it only for the “moon” and the hype.
5. Never, ever go into debt to satisfy one’s thirst for the P2E and NFT space
Even in real life, this is considered one of the golden rules of investing. Make sure that you can afford to lose that money. There are horror stories on social media talking about people going into debt and investing in P2E games – only to find out that they cannot make even. And thus, they are unable to pay the debt. Be cautious and do not overextend.
6. Diversify one’s portfolio
It’s just the same as in real life: diversify your gains and minimize your risks. By doing so, you may have greater odds of getting a positive net balance at the end of the day. Of course, this applies to people who are engaged with P2E on a daily basis… which brings us to the golden point when it comes to those with limited disposables to spare:
7. Invest in trustworthy titles
Just remember this: even if the ROI takes longer than expected, it’s better to be safe than sorry. Besides, who doesn’t want to enjoy a game without having to worry about being rugpulled and shorted?
Hopefully, these no-nonsense reminders and tips will help navigate the P2E space in a safe, engaging, and happy manner!
DISCLAIMER: None of the writings on the website constitute financial advice: P2E News is intended to be a P2E gaming news and updates portal, discussion hub and content/opinion/review aggregator. Please do your own research before investing in any NFT/P2E game out there. Better yet, consult someone within the profession to form an informed stance on your possible investments. For more leaks, news, and tutorials, always check in at P2ENews.com and follow us on social media.