Subscribe to Updates

    Get the latest web3 gaming news, opinions, and exclusive gaming gifts for newsletter subscribers delivered in your inbox.

    What's Hot

    Citizen Conflict

    28 January 2024

    AneeMate

    21 January 2024

    Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

    28 November 2023
    Twitter Instagram Discord LinkedIn YouTube Reddit TikTok
    Twitter Instagram LinkedIn Discord TikTok YouTube Reddit
    The Web3 GameThe Web3 Game
    • Home
    • News
    • Games
      1. Valeria Games
      2. Rumble Racing Star
      3. Skyborne Genesis
      4. Hytopia
      5. Axie Infinity
      6. Planet IX
      7. View All

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023
    • Metaverse
    • Game Studios
      1. Delabs Games
      2. View All

      Citizen Conflict

      28 January 2024

      AneeMate

      21 January 2024

      Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

      28 November 2023

      IP Powerhouse Poglin Secures Investment from Animoca Brands

      20 November 2023

      Arc8 By GAMEE

      13 August 2023

      Nakamoto Games

      11 August 2023

      Animoca Brands

      31 July 2023

      Delabs Games – Fun Games That Last Forever

      27 July 2023
    • Opinion

      Immutable’s Laser Focus on Gaming

      22 August 2023

      Nakamoto Games

      11 August 2023

      “Revolutionizing Gaming: Animoca Brands’ Web3 Vision and the Future of Digital Ownership”

      7 August 2023

      Blockchain Gaming: The History And Future of Gaming and NFTs

      27 July 2023

      How to NOT Lose Money Investing in Web3 NFT Games

      27 July 2023
    The Web3 GameThe Web3 Game
    Home » How to NOT Lose Money Investing in Web3 NFT Games
    opinion

    How to NOT Lose Money Investing in Web3 NFT Games

    Jeffrey GweiBy Jeffrey Gwei27 July 2023No Comments9 Mins Read
    Facebook Twitter Pinterest Reddit LinkedIn Tumblr Email
    ignore fomo when investing in web3 nft games
    Share
    Facebook Twitter Pinterest Reddit Email

    From Ghidora Godz to Momoguro: Holoself. I’ve lost $15,000 to $25,000 more than once while positioning myself into a flashy new web3 NFT game.

    GameFi is hot and booming, and it often rewards finding gaming projects in the NFT field early on. Problem is, the earlier you invest, the more likely they haven’t even started creating their promised product yet. If they even plan on delivering a working product…

    A relatively safe bet is to focus on trusted brands, both in web2 and web3. A prime example is Yuga Labs, where at least you know they will deliver a working product. The games they release are not guaranteed to succeed.

    You will however always retain some value, simply because there is a massive community behind them. Whereas with new gaming projects that are rugging or scamming you, your value is going to $0 in the blink of an eye.

    Web2 embracing Web3

    Another great way to dip your toes into gaming NFTs is by looking at traditional Web2 games entering Web3. We’re still early, but global brands in the gaming field are opening up to the idea of Web3 technology.

    Epic Games Store, well known from Fortnite, is allowing more games with NFT mechanics into their gaming store. Recently they announced 20 titles with NFTs will be available in the short term, a leap forward compared to the 5 or so currently available.

    Perhaps even more thrilling is that both Apple’s App Store and Google’s Play Store are opening up to NFT games as well. Play Store is making huge changes to their policy, enabling blockchain developers to include Web3 elements in their applications and games.

    They work closely together with Reddit and other trusted brands to create a level playing field that “promotes user trust and responsible usage of blockchain technology”.

    The good, the bad, and the ugly

    Let’s explore some examples to protect yourself from making impulsive decisions next time. First we’ll have a look at an obvious scam in hindsight, which misled many experienced Web3 investors into losing big chunks of money.

    Then we’ll move on to an example where projects faced major complications, but came back stronger. Lastly, we’ll cover two promising NFT gaming projects close to releasing their first game. One for mobile and one for desktop!

    Momoguro: Holoself

    The most covered disappointing gaming project in Web3 recently on Twitter is Momoguro: Holoself. One of my favorite thread writers on Twitter is Loki The Bird, who covered them more than once. Mainly because, well, things keep looking uglier by the day.

    🚨 Investigation into Momoguro:

    A Case of Incompetence or Something More?

    🧵1/21
    Bookmark and RT now! pic.twitter.com/mhG2RBOUIr

    — Loki The Bird 😈 (@lokithebird) July 19, 2023

    There is a common pattern to be found, similar to some popular NFT pfp scams, or even to the ICO boom in the 2017 crypto days. In hindsight it’s easy to see. Momoguro hyped up investors into believing they were backed by major global brands in the likes of Disney. New projects will try to build trust and mislead you into thinking there’s a working beta product already there, or near completion.

    Major red flag was the lack of gameplay previews, but due to hype and fomo a lot of investors gave them the benefit of the doubt. Some well known investors in Web3 went as far as getting on private calls with the team behind Momoguro, and even that turned out to be insufficient. In Web3, there’s only so much you can do to protect yourself.

    Damn, @MomoguroNFT fooled us bad.

    Great article by @lokithebird

    Team looked good on paper as a legit web2 with real credits. Had private call with team, and they stated game was in beta and about to launch. Showed a good deck. Things looked good pre launch.

    Turns out…not so… https://t.co/rwefsXdtt0 pic.twitter.com/Z0n1ZAVHDE

    — Grail.eth (@graildoteth) July 19, 2023

    Pixelmon and Hytopia

    Sometimes being patient with Web3 teams can turn out to be the right decision. Truth is, you can’t really tell upfront. Both Pixelmon and Hytopia (Formerly NFT Worlds) have had some wild rollercoaster experiences.

    Pixelmon raised an incredible amount of money ($70mm) during their initial mint, yet revealed art that was cheap to say the least. In fact it was so bad that it was actually hilarious, resulting in Kevin becoming a popular meme.

    Thankfully, with a new team and vision, the Pixelmon IP is making major moves forward. Their art got updated and looks impressive, Trainers have been released, and the project is positioning themselves into an IP that can last a lifetime.

    Pixelmon had an art reveal so terrible, ‘Kevin’ is being labeled a historical NFT pic.twitter.com/A2ummGDypV

    — ThreadGuy 👑 (@notthreadguy) February 28, 2022

    In the case of Hyopia the unfortunate event happened where Microsoft kicked them off Minecraft, which the project was heavily relying on. The team behind Hytopia had to completely change their strategy, and it turned out they are flexible and agile enough to do so.

    Today one could say the ban by Microsoft is the greatest thing that happened to Hytopia. The project had a major rebrand and created a new vision. They are moving to their own chain and are no longer limited by the ways of how Web2 infrastructure is doing business.

    An Overview Of TOPIA

    Where we've been, where we are, and where we're going.

    A thread filled with alpha and some fantastically made slides covering details about TOPIA's plans.

    1 / 🧵 pic.twitter.com/nJhzSIhUTb

    — HYTOPIA (@HYTOPIAgg) June 29, 2023

    Delabs Games

    Now let’s look at one of the first two promising projects in the Web3 gaming field. Delabs Games recently minted their Delabs Adventure Passes with a relatively low supply of 3,433 items. 433 refers to their Korea based parent company 433.

    Delabs Games develops highly engaging and fun Web3 games that are made for everyone. Holders of the Delabs Adventure Pass can stake and level up their passes. Pass holders have access to a variety of benefits and perks, such as first access to released games, exclusive in-game items, in-game NFTs, IRL event invitations, and more.

    During the initial mint there wasn’t too much information available. And there was definitely a lack of gameplay content showing the products being built are genuine. At this moment a total of three different games are being developed. First up is a kart game scheduled to be released in the next few months, Rumble Racing Star.

    Just over a week to go for @goblintown community event – Gobmula 1 in Singapore. @delabsOfficial will be setting up a booth for a concurrent @delabsRRS tourney onsite with the help of a gaming laptop partner. Who thinks they can outdo @jonmacapodi & @allsee ? pic.twitter.com/dTCYdwWh0u

    — gregg.eth 🇸🇬🇮🇩 (@Pak_Gregg) July 19, 2023

    Usually you don’t have to invest right away during a project’s initial mint. Same goes for Delabs Games, since the Adventure Pass is now below mint price. Even though we are certain that their first game is about to release soon. Some weeks ago I was able to download the full beta for Rumble Racing Star and was able to play and explore the game fully.

    Hence, I can say with confidence Delabs Games will launch their games. Again, there’s never a guarantee that any of their games will gain a lot of traction, as the gaming space is highly competitive. So the only question remains, how much you believe in the team and their games yourself. As well as how much you believe Web3 is the future of gaming. Ultimately every investment comes down to DYOR.

    Valeria Games

    Where Delabs Games is launching on desktop only for now, Valeria Games is taking a different approach. With the App Store and Google Play opening up more to blockchain elements, the time is now to launch games on Android and iOS.

    Banner image of the popular NFT game Valeria Games

    Over a year ago Valeria Games minted 10,000 lands with various rarities. Throughout the past year they also released a free mint for holders rewarding them for their patience and trust, so called in-game Champions with additional utility once the game launches.

    Similar to Delabs Games, you didn’t have to participate in the initial mint right away. The floor price has hovered around the mint price most of the year. Only recently floor price has surged a bit as Valeria is close to launch. Their lands can be staked and will generate monthly tokens for the next two years, and in-game NFT assets to utilize while playing the game.

    “Valeria: The Land Before the War” is a free-to-play, real-time strategy game built on Polygon and set to be released on iOS and Android. In this game, players will summon, train, evolve, and battle with their Valerians as they progress through the story, participate in player versus player matches, quests, dungeons, survival mode, and tournaments.

    A physical trading card game is set to be released to expand the IP even further. Additionally Valeria partnered with VoyceMe to release a manga series. 7 chapters are already out and available to read for free!

    Apart from all these initial good signs, the team has constantly updated their community on all progress made. Most importantly on the ongoing developments of the actual game. They have done this in a ‘build in public’ type of way. Every now and then early gameplay footage has been released along with artwork. The team also holds bi-weekly townhalls on Twitter spaces to talk about progress made and to answer any questions from their community directly.

    If there were any doubts left, the successful event at NFT NYC surely cleared up any remaining second thoughts. The booth was a big hit with physical merchandise and trading cards. Free gasless claims of in-game NFT assets and collectibles. And of course, the opportunity to play the Valeria game yourself!

    📸NFY NYC 2023📸

    Valeria Games showed out this year in New York! Got to meet a ton of amazing community members as well as showcase our Alpha to everyone there!

    For those who could not attend, sit back, relax and enjoy!#NFTNYC @NFT_NYC #ValeriaStrong pic.twitter.com/YrOJ0Qqj89

    — Valeria Games (@ValeriaStudios) May 10, 2023

    It is extremely rare in the current stage of Web3 gaming and NFTs to find this type of commitment and transparency. Early adopters will be rewarded for their trust soon, as the beta tournament is around the corner. In August 2023 a $50K beta tournament will commence, allowing the team to stress test and improve performance, look, and feel of the game. This leads up to the full game release shortly after on Android and iOS.

    One thing both Delabs Games and Valeria Games have in common is partnerships with various IPs. In the case of Delabs Games and their Rumble Racing Star kart game, profile pictures from other collections can be selected as drivers inside the racing game. Goblintown is one of the IPs to be featured in RRS.

    Valeria Games partnered with a variety of other NFT communities

    With Valeria Games, IP of partnered NFT collections will be utilized as in-game champions to fight your opponents. Valeria Games has partnered with over 40 NFT projects, offering in-game integration for players who hold these NFTs and download their game upon release. Holders of various NFT collections will be able to mint their champion for free. Whereas in some other cases, there may be a limited mint. We mentioned Grail earlier in this article while we talked Momoguro.

    But we can end this article on a positive note! One of Grail’s extremely rare ‘grail’ or ‘spirit’ Azuki will be leveraged inside the Valeria game. Anyone quick enough will have the option to mint the grail Azuki through Binance (TBD)) and use the character inside the game. It’s another way Valeria showcases innovation and collaboration in the space. And how IP by holders of NFTs can be used throughout different collections.

    ⚔️Land of Valeria⚔️

    Champion's Triumph: Confronting Legendary Forces!

    Stay Tuned 👀

    🟦Follow @HM_0222 @43Midorima @ValeriaStudios
    ❤️Like + RT + Comment for something FREE!#Valeriastrong pic.twitter.com/j3FbIYikeJ

    — Valeria Games (@ValeriaStudios) June 4, 2023
    education informative investing
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Reddit Email
    Previous ArticleDo all web3 games need a token?
    Next Article Rumble Racing Star
    Jeffrey Gwei
    • Twitter
    • LinkedIn

    Jeffrey Gwei has been interested in - and worked for - cryptocurrencies and blockchain startups since 2017. Gradually his focus shifted more towards NFTs, leading up to a growing interest in web3 games, enhanced with blockchain elements. Financial disclaimer: Invested in Delabs Games, Skyborne, ChronoForge, ZTX Genesis Homes, and Mittaria among others. Come vibe in Discord: https://discord.gg/UtEZWryS9J.

    Related Posts

    AneeMate

    21 January 2024

    Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

    28 November 2023

    Army of Fortune Verse: A Growing Metaverse in Web3 Gaming

    12 November 2023

    Overworld Incarna Mint Slated For December 15

    1 November 2023

    Hytopia Raises $3 Million in Funding

    23 October 2023

    ForwARd Game Launches “StackAAR” in Early Access on Android and iOS

    19 October 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Latest

    Citizen Conflict

    28 January 2024

    AneeMate

    21 January 2024

    Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

    28 November 2023

    IP Powerhouse Poglin Secures Investment from Animoca Brands

    20 November 2023
    About Us

    The Web3 Game is your source for gaming news with blockchain elements. We cover crypto games and blockchain games with GameFi, DAO, crypto, and NFT integrations in various forms. You can also find and explore gaming ecosystems, web3 game studios, and pioneers developing the web3 infrastructure of tomorrow. While we do cover play to earn (P2E) content too, we focus less on the investment side, and more on the immersive fun gameplay experiences for gamers.

    Contact:

    General enquiries:
    info [@] theweb3game.com

    Press releases and partnerships:
    press [@] theweb3game.com

    Our Picks

    AneeMate

    21 January 2024

    Ubisoft’s Champions Tactics: Grimoria Chronicles – A New PVP Tactical RPG

    28 November 2023

    Army of Fortune Verse: A Growing Metaverse in Web3 Gaming

    12 November 2023
    News

    IP Powerhouse Poglin Secures Investment from Animoca Brands

    20 November 2023

    Army of Fortune Verse: A Growing Metaverse in Web3 Gaming

    12 November 2023

    Overworld Incarna Mint Slated For December 15

    1 November 2023
    Twitter Instagram Discord LinkedIn TikTok YouTube Reddit
    • Home
    • Games
    • Game Studios
    • Featured
    • About & Contact
    • Cookie Policy (EU)
    • Privacy Policy
    © 2025 The Web3 Game.

    Type above and press Enter to search. Press Esc to cancel.

    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
    View preferences
    {title} {title} {title}