Game Over? Why blockchain gaming never lives up to the hype
In this article you will learn:
- Why most blockchain games fail
- How ambitious sales forecasts misjudge the actual market situation
- Why digital ownership alone is not a viable business model
- Why blockchain games have hardly any active players despite millions of investments
- Why token-based gaming economies are extremely vulnerable to market cycles
Hardly any Web 3 niche has been promoted with as much euphoria and pathos in recent years as blockchain gaming. There was talk of a revolution in the gaming industry, of true digital ownership and new business models. But after years of ambitious announcements and millions in investments, the big breakthrough has yet to materialize. The gap between expectations and reality seems to be growing ever wider. Projects are being discontinued, user numbers are declining, and gaming tokens are languishing. Parallels to the metaverse are abundantly clear – is the Web 3 gaming sector even salvageable?
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