The economic model of blockchain games is essentially a shell game of a Ponzi scheme!

$NXPC has become a hot topic today, drawing many people's attention back to blockchain games. After opening, the price peaked at $3.86, with a market capitalization of $3.86 billion. Can a game IP from Web2 be successfully remade in Web3 and gain market acceptance? I would like to analyze from several aspects:

1️⃣ Blockchain game players won’t have deep emotional attachments; everything is based on gold farming profits. If gold farming is profitable, people will play. Who cares if your game is fun, smooth, or has good graphics? Everyone is busy brainstorming ways to make money every day～

2️⃣ Only when there are profits will people participate in the game for gold farming. As the yield increases, more people will join; as the yield decreases, participation will gradually fade. Profits need to be supported by the market. The higher the gold farming profits, the greater the market selling pressure, leading to a vicious cycle;

3️⃣ Almost all blockchain games operate on a dual-token model: governance tokens + game tokens. Finding a balance between these is very challenging and requires constant adjustment of rules;

4️⃣ It’s not that blockchain games cannot be participated in, but timing is crucial. Often, it becomes very difficult to make money in the later stages, such as with $GALA, $BIGTIME, etc. Compared to the market capitalization of previous blockchain game projects, $3.86 billion cannot be considered a value trap;

5️⃣ The fundamental logic is to use market money to pay for the gold farmers at the back, as the game itself has the attributes of a mining machine.