- The platform called the first quarter of 2024 the play-to-airdrop era, pointing out blockchain games such as the RPG game Kuroro Beasts.
- The director also added that the blockchain gaming industry requires the gameplay experience as the main center to move further.
- In July last year, the co-founder of the TON-based gaming ecosystem Pixelverse, Kori Leon said that a few blockchain games were not able to deliver on their guarantee.
Theodore Agranat, Gunzilla Games Web3 director claims that the blockchain gaming industry has now changed into a game of musical chairs having no new capital flowing in, and the same money is rotating through various gaming projects.
The director further mentioned at Consensus 2024 in Hong Kong that there is no fresh money inflowing into the system. The current system is being recycled between different projects, having no new money setting its foot into the system. And, I would declare that it is also a little bit of a game of musical chairs.
UAW witnesses a significant slump
The World’s Dapp store, DappRadar reveals that blockchain gaming witnessed around $16 million in funding last month, around 92% down from its previous month’s $222 million. The director also highlighted that unique active wallets (UAW) in blockchain gaming have slumped from about 10 million last year to 7.5 million as of now, with around 70% of the first quarter of last year’s growth influenced by airdrop and farming campaigns.
The platform called the first quarter of 2024 the play-to-airdrop era, pointing out blockchain games such as RPG game Kuroro Beasts, fighter game AI Arena, and card strategy racing game MixMob as some prominent games having notable airdrops over the quarter.
Industry requires gameplay experience as the main character
Agranat claimed that users were artificially making various crypto wallets and interacting with games only to accumulate airdrops, a method he referred to as completely unsustainable. They will shift from one project to another and withdraw whatever value they can from that project.
Also, once there is no more value to be had there, they are going to shift to any other project. These are not everlasting clients or users of any project or your product. They are professionals and professional people, on a lot of occasions are only anticipators that wish to make a return on their investment.
The director also added that the blockchain gaming industry requires the gameplay experience as the main center to move further, a sentiment that has reverberated over the industry for some time.
In July last year, the co-founder of the TON-based gaming ecosystem Pixelverse, Kori Leon said that a few blockchain games were not able to deliver on their guarantee. He mentioned that regardless of having a lot of supporters as well as funding, a few Web3 gaming projects could not captivate players.
