Current Status of Web3 Game Market

Cryptokitties is the first phenomenon-level project in blockchain games, and it is also the game project with the longest life cycle so far. Their success shows that blockchain games do not need so-called economic models. "Transaction attributes" and "unique private characteristics of assets" are enough to give game assets sufficient vitality.

Axie Infinity designed the second-generation GameFif economic model. While they had great short-term success, their model is now dead. As the bear market continues, many blockchain games imitating the Axie model will struggle to even last a month. Poor game experience and "unsustainable" economic model make most potential Web3 players discouraged from blockchain games.

Now, more and more players realize that the value of game assets comes from the long-term operation of the game, and the long-term operation of the game should be based on playability. At the same time, traditional game giants are also sparing no effort to introduce new players to Web3. Their participation will change this profit-seeking market.

Eventually, the market will buy back to "PLAY FOR FUN".