Do you remember back in 2021? Blockchain games were all the rage, and gold farming was everywhere.

What about now? It's all supported by faith.

I just tried OnlyFarms in the Seeker app on my phone, and to be honest, there's not much of a fundamental difference from those pixel farming games back in the day. The graphics have changed, but the gameplay is still the same old routine. What's the problem? The hype has completely cooled down.

Blockchain games seem too difficult to think about. Players come for the profits, while project teams think about how to monetize - this in itself is an imbalance. What’s worse is that most teams simply don’t know how to tell a story. Without a captivating narrative, there’s no long-term expectation for the token economy, and the gold mining profits are pitifully low.

Without all three key elements, the game naturally won't heat up.

GameFi now resembles a false proposition; players are not foolish, and project teams lack patience. After the bubble of Play to Earn has burst, who is still willing to be the one to take over?