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The Future of WEB3 Games: Convenient Payment as a Core Advantage, Economic Model Design is Key
The Future of the WEB3 Gaming Sector: Opportunities and Challenges Coexist
At the recently concluded 2024 Hong Kong WEB3 Carnival, many industry professionals focused on the development prospects of the WEB3 gaming sector. Although there have not yet been any phenomenon-level products like Axie and StepN from the previous bull market, the future of WEB3 gaming is still worth looking forward to.
History has shown that games are often an important vehicle for emerging industries to enter the application layer. From the Atari console promoting the development of the chip industry 50 years ago, to NVIDIA laying the foundation with gaming graphics cards (GPUs) in recent years, and now in the wave of AI, games have always played a significant role. Therefore, while being optimistic about WEB3, one should also firmly hold a bullish view on WEB3 games.
The main reason for the current underdevelopment of WEB3 games is that they started late and the direction has been somewhat off. Since the explosive rise of Axie in 2021, the time span has still been relatively short. In contrast, the two major transformations in the video game industry took a much longer time: 25 years ago, it shifted from hardware sales to software sales, and 15 years ago, it transitioned to mobile free-to-play games + paid play models.
The third transformation of WEB3 games may focus on enhancing the convenience of payments and transactions. In the future, the biggest advantage of WEB3 games will be reflected in the circulation and payment process, achieving seamless operations across platforms and regions. Currently, many projects overly imitate Axie's Play to Earn model, neglecting the core characteristics of WEB3.
Building a WEB3 game economic model is a highly challenging task that requires balancing multiple factors. Unlike traditional games, an imbalance in the design of economic parameters in WEB3 games can lead to system collapse. A relatively ideal strategy is to adopt moderate control in the early stages, and gradually open up as the internal ecosystem matures; at the same time, consider asset appreciation and tax mechanisms to achieve a balance between short-term attractiveness and long-term sustainability.
The emergence of future blockbuster WEB3 games may require unprecedented innovation in certain aspects, or finding a tipping point based on existing foundations. Successful projects should focus on eliminating circulation and payment barriers, establishing a decentralized consensus mechanism, and developing in synergy with new technologies in the gaming industry such as AI and VR (.
Although the WEB3 gaming sector is still in its early stages, opportunities and challenges coexist. With technological advancements and model innovations, new hit WEB3 games are bound to emerge in the future, warranting the industry’s attention and patience.