The economic model of blockchain games is essentially a shell game!
$NXPC has become a hot topic today, drawing many people's attention back to blockchain games. After its launch, the price peaked at $3.86, with a market capitalization of 3.86 billion. Can this be accepted by the market after transforming a Web2 game IP into Web3? I want to analyze from several aspects:
1️⃣ Players in blockchain games won't have deep emotional attachments; everything is based on profit from playing. If playing can be profitable, people will participate. Who cares if your game is fun, smooth, or has good graphics? Everyone is busy trying to make money every day~
2️⃣ Only with profits will people engage in the game. As the rate of return increases, more people will participate; as the rate of return decreases, participation will slowly fade. Profits need to be paid by the market; the higher the profits from playing, the greater the selling pressure, leading to a vicious cycle;
3️⃣ Almost all blockchain games have a dual-token model: governance tokens + game tokens. Finding a balance between them is challenging and requires constant adjustments to the rules;
4️⃣ It’s not that blockchain games cannot be participated in, but timing is very important. It’s often difficult to make money in the later stages, such as with $GALA, $BIGTIME, etc. Compared to the market capitalization of previous blockchain game projects, 3.86 billion is not exactly a value bargain;
5️⃣ The fundamental logic is to use market money to pay for those mining in the later stages; the game itself has the attributes of a mining machine.
$NXPC has become a hot topic today, drawing many people's attention back to blockchain games. After its launch, the price peaked at $3.86, with a market capitalization of 3.86 billion. Can this be accepted by the market after transforming a Web2 game IP into Web3? I want to analyze from several aspects:
1️⃣ Players in blockchain games won't have deep emotional attachments; everything is based on profit from playing. If playing can be profitable, people will participate. Who cares if your game is fun, smooth, or has good graphics? Everyone is busy trying to make money every day~
2️⃣ Only with profits will people engage in the game. As the rate of return increases, more people will participate; as the rate of return decreases, participation will slowly fade. Profits need to be paid by the market; the higher the profits from playing, the greater the selling pressure, leading to a vicious cycle;
3️⃣ Almost all blockchain games have a dual-token model: governance tokens + game tokens. Finding a balance between them is challenging and requires constant adjustments to the rules;
4️⃣ It’s not that blockchain games cannot be participated in, but timing is very important. It’s often difficult to make money in the later stages, such as with $GALA, $BIGTIME, etc. Compared to the market capitalization of previous blockchain game projects, 3.86 billion is not exactly a value bargain;
5️⃣ The fundamental logic is to use market money to pay for those mining in the later stages; the game itself has the attributes of a mining machine.
