The future path of Gamefi chain game economic model (3)

In the last issue, I talked about four insights on the current blockchain games, so in this issue I will talk about why the economic model of Gamefi 1.0 will definitely lead to a death spiral.

Gamefi1.0 is a chain game based on the play to earn economic model. Its tokens include Axie, Star Shark, etc. Although there are modifications and innovations such as single currency and dual currency, they cannot escape the fate of the death spiral in the end. Why is there a death spiral? We can summarize the participants of Gamefi1.0 chain games as investment institutions, project parties, old players, and new players. Then all four parties want to make money, so who is losing money! The wool comes from the sheep, and the new players are the sheep. The three parties work together to make money from the new players, but if the new players do not enter the market to maintain the currency price, the project will fail. #GameFi