The challenge of GameFi 1.0

Issue with User Base Stability and an Unsustainable Economic Model

The blockchain gaming community has experienced swift growth since early 2021, propelled by the rise of GameFi. Nevertheless, the initial iteration, GameFi 1.0, predominantly caters to cryptocurrency users with a focus on play-to-earn functionality. This user demographic is primarily motivated by the game's return on investment (ROI), posing significant challenges in expanding and maintaining a sustainable game economy in the long run. Following the initial surge, there has been a decline in the number of blockchain game users. Adaptations are essential for blockchain games to allure and cultivate a fresh user base, ensuring continued industry development in the future.