The decline of the blockchain game P2E model and new directions

- **P2E Games, User Reduction, and Token Volatility Issues** - **Limitations of High Gas Fees on the Ethereum Blockchain** [Unblock Media] Recently, the decline in the "Play-to-Earn" (P2E) game model has become noticeable. P2E is a model where players can earn cryptocurrency through gameplay. Initially, it garnered significant interest and investment, but several issues have caused interest to wane. Firstly, there are growing questions about the economic sustainability of the P2E model. For players to continuously earn income through gameplay, the influx of new players is essential. However, with the actual number of users declining, the economic system runs a high risk of collapse. This is more than just losing interest in the game; without a constant influx of new users, structural economic issues can arise, making it impossible to maintain incentives for existing users. Additionally, there is the issue of high token volatility in P2E games. Players earn tokens through gameplay, but the value of these tokens can fluctuate significantly, placing them in an unpredictable economic environment. This economic uncertainty can cause anxiety among players and ultimately lead to a decline in the game's popularity. While blockchain technology offers transparency through a decentralized trust system in operating P2E games, it also presents limitations in the form of high transaction fees and slow speeds. In particular, high gas fees are a significant problem for P2E games based on the Ethereum blockchain. This is a serious limitation given that game structures often require frequent small transactions. Due to these issues, the blockchain gaming industry is seeking a more integrated and sustainable ecosystem. Companies are aiming to shift the in-game economic model from mere profit generation to enhancing long-term user experience. Specifically, discussions include the introduction of new blockchain technologies to make in-game transactions more efficient and the transition to universal NFTs (non-fungible tokens). These NFTs could be used to improve interoperability between games, ultimately creating an integrated ecosystem among distinct games. Furthermore, the blockchain gaming sector is being redefined through the convergence of DeFi (decentralized finance) and NFT technology. For example, linking in-game assets with other financial products can add more value and utility. This suggests the potential for blockchain gaming to evolve beyond a simple play-to-earn model into a more complex and multi-dimensional economic system. Going forward, the blockchain gaming industry is expected to focus on building a more integrated ecosystem where users can continuously find value, rather than sticking to a simple P2E model. Through this, blockchain gaming could once again capture significant attention.