Author: Jason Chen, independent researcher Source: X @jason_chen998
Regarding the recent heated discussion about GameFi Summer in the market, I believe that games are a sector that must be deployed in this cycle, whether it is a single game or a guild and public chain in the game ecosystem. The core logic is as follows:
1. In the last cycle, games became the sector with the most financing in the entire Web3 primary market, locking up a large amount of institutional funds. With such a large magnitude, it is difficult to exit every two cycles, otherwise the institution will have a difficult time. There is a strong will in the primary market for this sector to come to prominence again.
2. This year is considered the first year of 3A GameFi. After the last round of shoddy mini-games, how to balance playing and making money has become a major proposition in the market. Excellent large-scale production not only shows the team's strength and willingness to do things, but also is the path to development from playable to fun. However, we have not yet seen paradigm innovations like CryptoKitties, Axie, and StepN.
3. Regardless of the historical experience of Web1, 2 , and 3, games are the track with the most large-scale circle-breaking effect.
4. Games are naturally suitable for combining blockchain, NFT + Token + economic model + scalability, which can make the most of the characteristics of blockchain. In addition, there are niche but narrative full-chain games to autonomous worlds.
However, the problems currently faced by the game track still exist, including the need for long-term exploration of the balance between playing and earning, and the death spiral pattern of sudden rise and fall that is difficult to escape. Therefore, this is a track that is very explosive once it gets up, but also very risky.
