<ul><li>GameFi projects, in the realm of Web3 gaming, have underperformed compared to Bitcoin, and the sector is struggling to attract users.</li><li>Most blockchain games rely on incentives rather than engagement, leading to unsustainable strategies.</li><li>Venture capitalists focused on building distribution platforms before having compelling games to distribute, which has proven unsuccessful.</li><li>The gaming industry needs to prioritize creating genuinely engaging experiences, not just financial incentives, to become a legitimate industry.</li></ul>

It’s Embarrassing, But We Were Wrong on GameFi

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