In the most curious development of our time, it seems that the realm of blockchain gaming has, most regrettably, devolved into a most ludicrous “game of musical chairs.” Alas, no new capital of refreshing nature is descending upon this sector—all that we observe is the same old money being shuffled about from one gaming project to another, as so eloquently remarked by Mr. Theodore Agranat, a director at Gunzilla Games, whilst he dazzled the audience at Consensus 2025 in Hong Kong.
“There is no new money coming into the system,” he proclaimed with an air of resignation. It urgently calls into question the remarkable state of affairs within this industry.
Capital in a Veritable Shuffle
The esteemed Mr. Agranat lamented the ridiculousness of such an arrangement, wherein the so-called “existing capital” is, in truth, akin to a merry-go-round of financial shenanigans, providing no fresh impetus into our fair gaming projects. 🚫🪑
In a most dramatic revelation, he highlighted the tragic decline of investment from a majestic $222 million in December 2024 to a mere $16 million in January—a staggering 92% reduction, as revealed by the Analytics platform DappRadar. Truly, such misfortune could provoke the most empathetic of sighs!
A further investigation bore testimony to the disconcerting reality that daily active wallets within blockchain gaming have plummeted from an impressive ten million last summer to a mere 7.5 million today. This pitiable decline, it appears, has been buoyed mainly by airdrop and farming campaigns, accounting for approximately 70% of Q1 2024’s rather alarming growth.
DappRadar, with its flair for the dramatic, has aptly designated this era as the “play-to-airdrop” period, illuminating the successes of various blockchain games including the charming RPG Kuroro Beasts, the combative AI Arena, and the strategically stimulating card racing game, MixMob, all notable for their lavish airdrops throughout the quarter.
Mr. Agranat discontentedly observed that users have resorted to the artifice of creating multiple crypto wallets, a cunning scheme to engage with various games solely for the purpose of collecting those decidedly delightful airdrops. “A method most unsustainable!” he declared, as if the very notion were an affront to decency.
“They will flit from project to project, extracting whatever scant value they can in a most opportunistic manner,” he elaborated, a hint of exasperation creeping into his tone. “Once the well runs dry, they shall promptly abandon ship for the next shimmer of promise.”
Loyalty? What a Curious Notion!
“These individuals are far from loyal patrons,” he cautioned, “merely transient visitors in our delightful gaming sphere.”
With a tone of obvious disdain, he further opined, “They possess a most questionable agenda, often but mere speculators eager to reap the benefits of their so-called ‘investment.’” 😏
In a twist most ironic, it seems that despite these discrepancies, blockchain gaming saw a remarkable threefold increase in on-chain activity when compared with the same period of yesteryear, according to the ever-insightful DappRadar. Further, Web3 games basked in the glory of over 7 million unique active wallets last month—a staggering 386% increase from January 2024!
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2025-02-22 07:48