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submitted 1 year ago by Shere_Khan@lemmy.dbzer0.com to c/asklemmy@lemmy.ml

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This has to be a scam of some sort, but i don't even see how the people at the top are making money.

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[–] hahattpro@lemmy.ml 7 points 1 year ago

Thank you for asking. Let me tell you the truth. NFT gamings, all of them, are Ponzi scheme.

If you look at NFT game as a game, sure, some games are good and have entertainment value, such as Axie Infinity.

But if you look at NFT games as source of income, then they are all Ponzi ?

Think, where the money comes from? Who will pay for the token, the "pet" you breed, the item you get from lootbox ? New user, i.e: new Investors.

That's it. Use money from new investors to pay old investors.

If you are unlucky enough to hold the bag. I.e: player who have not sell their NFT before the game close. You lost your initial investment.