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Why Blockchain Gaming Isn’t Here Yet (and What’s Needed to Get There)
- Blockchain gaming has not yet reached its full potential due to issues with sustainable development and short-sightedness.
- Many projects focus on play-to-earn mechanics and hype instead of creating engaging games with real value for players.
- Developers need to prioritize fun gameplay over profit and integrate player-driven economies like successful Web2 games.
- Games like Path of Exile showcase the success of integrating in-game economies that support real money trading.
- Blockchain gaming allows players to have real-world value in their in-game assets, promoting player ownership.
- To succeed, developers must focus on creating enjoyable games first, then implement revenue models like market fees and cosmetic microtransactions.
- Secondary market fees and cosmetic microtransactions can ensure fair trade between players and operators while offering real-world value.
- Seasonal passes can also provide players with additional progression systems and rewards in games.
- Prioritizing fun gameplay and player-driven economies is essential for blockchain gaming to attract a broader audience.
- Achieving mainstream success in GameFi requires a balance between engagement, real value for players, and sustainable revenue models.
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