Other GameFi Projects
In the current GameFi market, most GameFi games are simple NFT mining games. NFT-based community interactions are largely left unexplored or at a very basic level, with few mature products that utilize the potential of NFTs and their communities. Currently, most projects have several major issues:
- Poor conception and usage of NFTs: NFTs are one of the core components of blockchain-based games, providing uniqueness that other types of games cannot replicate, but in most games, NFTs are simply standardized tokens, with standardized characters and monsters that fail to take advantage of NFTs.
- Most games are crude, having been made simply to cash in on the NFT craze as quickly as possible. Art, gameplay, and most other features are rough and unpolished, often because they are made by those without experience making games, but simply wishing to sell an NFT.
- Low playability, with a focus on highly repetitive one-dimensional gameplay. Focus remains on simply completing daily tasks, with games containing deep or interesting gameplay remaining few and far between.
- Lack of creativity, with the same basic gameplay from beginning to end, and very few major gameplay updates or additional functionality added over time. Players may be merely tolerating the game in the hopes of their NFTs gaining value.
- Unhealthy in-game economies, with the core economic loops resembling a drinking game more than a long-term economy. In the short-term, they may appear to be functioning, but they will render the game virtually unplayable for new players in the long-term.
- High barriers, especially in the form of pay to play, requiring investments of over $10,000 to begin playing, making it difficult for most players to become involved.
- Too difficult for beginners, hampering adoption. Most players hope to relax and have fun, with more intuitive gameplay.
The reasons for the above problems are manifold, and partially because blockchain-based games are so new, so it is difficult to create a quality product in such a short time frame. Another reason is that most large and experienced gaming companies have yet to turn their attention and resources to exploring the possibilities created by blockchain-based games and NFTs. In the Karmaverse, we will keep these issues in mind as we seek to build a gaming platform that overcomes these pitfalls.