Analyse the groups that you have always been truly excited to be a member of. These were most likely developed around common interests, am I right? This is because we experience a sense of belonging when we connect with people via a shared interest.
But the truth is more complicated. The major issue at hand is structural in nature. Because everything is decentralised, everyone believes they must compete fiercely against one another.This main issue led to the establishment of a bot farm.
Because a strong community indicates potential to venture capital (VC) firms, GameFi companies are forced to seek funding at the community level before meeting with investors.
As a result, they sell nonfungible tokens (NFTs) and other cryptocurrencies to pass through the initial-stage hurdles and earn enough money to keep growing.
They have a greater chance if they sell more. It's simple to understand how this leaves builders exposed to the effects of a little hype: it may literally make or kill a project.
So they take their motivation, embrace the challenge provided by the business they like, and, through no fault of their own, succumb to the allure of empty hype.
THE INFLUENCER & CRYPTO PROBLEM
They hire influencers to spread the word about their teaser trailer and how it will result in a $200 million film — even though it may only have cost $10,000 to create. They create fan communities and use them to their advantage. Something like:
They distribute game assets through giveaways in a structure that mimics a multi level marketing scam and frequently promises unrealistically rich returns that cannot be delivered.
When individuals gather for reasons other than genuine interest, they fail to build meaningful, strong communities. Look at 90% of GameFi Discord servers, and you'll find nothing but vapid talks and a definite lack of genuine passion.
With over 100,000 members but only four individuals who speak out, it's clear that operators looking to present a favourable picture of their business are paying shills to make their groups appear more inhabited than they are.
“BOTS WAR” or “Human GREED in a nutshell”
The psychological component of the dynamics in action is just as fascinating as the financial incentives. Our "value system is made up of a hierarchy of emotionally created sensations that rank what is important to us," which is to say that our brains are physiologically primed to look for emotional rewards, in addition to financial ones. As individuals, we are ruled (as in, motivated and activated) by emotions. Consider enjoyment, reliability, and a feeling of community. Gamers will just pay out and leave a game if there is no emotional connection other than that. They will play the game and earn as much as they can before withdrawing their native tokens and moving on to the next reward.
Who do you believe will find this to be the most alluring? Who stands to gain the most from this crazily depressing course of action? You're correct, BOTS!
Bots are a significant barrier to the adoption of blockchain games since they are intentionally "designed to take advantage of incentive systems to extract money, undermining the game's environment." Data firms can easily link any wallets belonging to the same individual and cross-check the list, making it quite easy to estimate how many bots a particular game may draw. Jigger, an anti-botting business, examined more than 60 games and services using this strategy and discovered 200,000 bots. Additionally, according to Jigger, 40% of all GameFi users are bots.