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The problem of GameFi 1.0
Unstable user base and unsustainable economic model
The blockchain game community has been growing rapidly since early 2021 with the booming of GameFi. However, the GameFi 1.0 generation has been focusing mainly on the crypto users with the play-to-earn target.
This user base is driven only by the ROI of the game, making it very challenging, if not impossible, to grow the user base and sustain the game economy over the long term.
After the initial booming period, the number of blockchain game users is decreasing. Blockchain games need change to attract and grow new users for further future development of the industry.