Prosperous and promising, GameFi is not as smooth as one may think. Like every young industry, it has its problems. Let’s unveil the soundest ones and potential solutions to them.
Players’ Engagement and Retention
One of the most common challenges GameFi faces is that, due to repetitive mechanics, gamers tend to lose interest in NFT Gaming even if they are glad about profits. The problem is aggravated by projects focusing on users’ ROI and creating gameplays with multiple prospects for short-term wins that attract players who come for quick profits and quit the industry for more immersive experiences. However, such games motivate other companies to follow their trend and hinder the whole industry’s progress.
To solve this issue, developers must master gameplays and add new modes, quests, and characters. Next, they also need to shape close-knit communities via socials led by strong managers and intrigue players with tournaments, challenges, and new assets.
Expectations Of Investors
According to the research by Cointelegraph, “Web3 is the most sought-after investment sector this year”. Inspired by the success of famous titles, the metaverse hype, and market figures, they expect the industry to bring now huge profits despite such circumstances as the crypto crisis. As a result, some projects set unrealistic goals, shape incredibly intense roadmaps, and burn out or fail expectations.
The clarification can solve the problem that current investments in GameFi are long-term ones with currently affordable prices on product building and the quickly growing user base of the industry whose economy depends on players and their earnings.
Web2 Gaming Projects
Experts agree that to prosper and provide its users with high-quality experiences, Web2 and Web3 industries should unite. However, according to the 2022 Game Developers Conference report, over 2,700 game developers and founders are not interested in cryptocurrencies and NFTs.
The reasons for this attitude include the need for more ready-made solutions to place non-blockchain games on the DeFi stack, the demand for enormous resources, and the skepticism about the market’s future. Thus, many prospective collaborations and products are not made. To fix this, GameFi needs to shape convenient tools for projects’ transition and manifest its potential.
GameFi Awareness
Though NFT and blockchain games are well-known by early adopters, they still lack mainstream recognition. At the same time, many Web2 players don’t try Web3 gaming, regarding it as a complex field that requires impressive investments and special knowledge. As a result, the industry only reaches a part of its audience.
To solve this problem, GameFi companies need to boost their representation on social media, collaborate with famous non-blockchain titles, hold forums, and create clear tutorials. In a few words, the industry must break inaccessibility stereotypes and be transparently popularized.
Conclusion
GameFi has a strong core, a supportive community, and a serious approach to its challenges. On top of that, the industry is run by creatives who do their best to make its future untroubled. Stay tuned to learn their tricks!
Website: prom.io/
Twitter: twitter.com/prom_io
Telegram Announcements: t.me/prom_ann
Telegram Chat: t.me/prom_io
Discord: discord.gg/prom
Instagram: instagram.com/prom_io_official
CMC Gravity: coinmarketcap.com/community/profile/Prom
YouTube: www.youtube.com/channel/UC2mC_ZMPnrivHGgz5CaZnvQ
