Welcome back,
Today i will talk about blockchain games and the reason why most of them fail to survive the industry even after advertising play to earn concept. I have expereince playing and also trading blockchain games tokens so i will definitely use that to let other know what i have onserved myself in last two years.
So what do we think of when blockchain game is mentioned ? Even though it is a game but the first thing that strikes the mind is play to earn kind of thing. We don't think of good graphics but about the P2E concept behind these games.
There are two types of blockchain games in the industry, the first is free to play and earn and second is play to earn. The second one needs you to invest some money into the game before you start playing it while the first one are the games where you can start playing for free without any investment.
Example of a free to play and earn game is Mintopoly Moon, Gods Unchain, etc while investment related games are Axie, Splinterlands, Undead Blocks, etc. The play to earn be it with or without investment, it sounds great enough to make that game successful right ?
The answer to this question is sadly no and that is why even though games are made play to earn we see majority of the games struggling to survive in the industry or to show good success in the industry. Let us look at some of the reasons why this happens.
Why do Blockchain Games Struggles ?
I have been involved with crypto for last 6 years and based on last two year of experience where i got introduced with these projects, i would like to share some points with everyone that effects P2E gaming sector alot.
High Selling Pressure
Be it any blockchain game, the selling pressure becomes high at some point of time and this leads to the downfall of the in game token. Pick up any token and see it's history, majority of them sees a downfall and that is because after investing a particular amount in the game players starts cashing out without investing anymore.
Lack of global awareness
Most of the games we play are not known globally and this is why the top traders do not see them as a trading token. We see manipulation of different coins from time to time but with blockchain gaming tokens that is less likely and that too on a small scale.
Poor Mechanism
Poor mechanism means poor utilization of the tokens that are earned by players. In short gaming industry needs to create the reason for people to hold or to buy the native token in order to balance the selling pressure on that token.
Less Updates
Most of the games becomes static at some point of time, that means the game no longer comes with the fixes or new updates and that is how people start losing their interest in the game and this is also the reason why players don't see games as a permanent financial solution. It is rather a temporary project they work on in order to earn some bucks for themself.
Failed reaching the real gamers
People might not agree with this point but here is what i think as one of the bitter truths of blockchain games. Even though we see them as games real gamers are far from them and only a handful of hardcore gamers join these games. For example Undead blocks where we have to kill zombies is something that attracted top players.
So these were some reasons in my opinion based on the time i have given into this industry so far. I accept if anyone sees the scenario differently.
That's all for these blockchain games and yes before i leave i would like to add a small point to the already list of reasons for the struggle of these games, new competitors are founded quite oftenly in this industry so yes you have to be the best in what you are doing because there are others who are ready to compete with you.
Thank You
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You've unpacked the blockchain gaming world brilliantly! It's true; the allure of P2E often overshadows the actual gameplay and mechanics. And you're spot on about the selling pressure; it's like a double-edged sword. Blockchain gaming market is valued at over $320 million. Yet, as you pointed out, many games still struggle. Your insights are a wake-up call for developers and players alike.