Game Track Perspective Essay 🖊️

Today, the sponsor for the presentation of #币安学习营 is $YGG and $EDU , which represent the game and education tracks respectively.

Actually, I have my own biases against the game track, mainly because my biggest setback in the crypto space was in the game track, and since then I've had several setbacks in this track, which made me more cautious.

GameFi has a well-known issue of balancing between Game and Fi.

Web2 teams that excel at making games may not necessarily understand the Web3 approach;

Web3 teams that are good at economic design may focus too much on the Fi aspect and neglect the Game.

These are some observations I've made. I still have some game NFTs that I haven't sold, and the overall sluggish secondary market combined with a consistently overvalued primary market makes me feel that it's hard to see a breakthrough.

One fact is that institutions are still continuously betting on games, and even large Web2 game companies are getting involved, but from the secondary market perspective, it's unclear where the liquidity will come from.

Games in Web2 are purely cash cows, but in Web3, many face long-term selling pressure on the secondary market due to design issues. How to achieve a very good closed loop in terms of supply and demand is something that needs to be prioritized. 🔺

Many games will promote that their business itself generates cash flow for market buybacks, but this overlooks a huge premise: there must be cash flow.

I have encountered very shady teams that, in desperate situations, sell new assets to the original community for profit, with the profit source being the first batch of people, which hardly makes waves in the competition of Web2.

Note that this is referring to Web2.

📍I believe that a game with sufficient playability should not limit its user base to Web2 and Web3. The unique token economy of Web3 faces horizontal competition, which should not be with Web3's DeFi, SocialFi, etc., but rather with Web2 games.

🗝️Transform Web2 game users into potential increments for Web3.

🗝️Leverage the massive user base of Web2 to bring cash flow back to native tokens.

This morning's presentation was heavily criticized for the currency price. Currently, the currency price of $YGG has generally received somewhat disappointing feedback.

In the end, if a project has a very great concept but the currency price is not maintained, then.... 😅