Encrypted cat games are declining in popularity, and blockchain games still have a long way to go-web3资讯-ODAILY

Encrypted cat games are declining in popularity, and blockchain games still have a long way to go

In December last year, the popularity of CryptoKitties ignited peoples enthusiasm for blockchain games, and then the CryptoKitties project received $12 million in seed round financing within three months. But with the decline in popularity of CryptoKitties, people realized that blockchain games still have a long way to go.

CryptoKitties influenced by the market

It has been suggested that the 35th rule of the Internet is: If there is (the Internet), there is a blockchain.

The arrival of blockchain games was inevitable, and when they did, the title of killer dApp game went to the cat — the most popular animal in the history of the Internet. CryptoKitties is a viral game that adds to the fun for blockchain users while also bringing journalists a feed full of feline news.

Like ERC20 tokens traded on Ethereum, CryptoKitties are not immune to market forces. So far, its value has dropped 98.5% from its all-time high. Since CryptoKitties has no fixed value, this data is based on the number of daily active users rather than price.

In terms of price, they can exchange a lot of ether, but in terms of transaction depth, CryptoKitties may not attract any buyers.

Encrypted cat games are declining in popularity, and blockchain games still have a long way to go

NFTs are still in their infancy

Cryptokitties seem to be everywhere in the blockchain gaming market right now. While CryptoKitties stock could rise again, its hard to see where the $12 million valuation is worth in a game with just 200 active users. Diar first exposed the decline of NFT games before Nic Carter followed up on the topic, noting:

While CryptoKitties remains the most popular NFT game, its popularity has waned considerably. NFT (non-fungible token, that is, non-substitutable tokens) provides games with provably scarce, programmable and censorship-resistant digital goods.

CryptoKitties averaged about $23,000 a day in December, and has now dropped to about $21K a day. Median-priced cats sold peaked at $41 and have remained around $5. In last weeks auction, only 4,200 rare items were sold out of a total of approximately 700,000 rare items.

Encrypted cat games are declining in popularity, and blockchain games still have a long way to go

Blockchain games are more like ideas than reality

It’s not just CryptoKitties that is in trouble, interest in other blockchain games is also dwindling. Decentraland is a virtual world made up of squares on a map. It also operates on Ethereum, with each 10x10m land representing an ERC721 NFT. existbitcoinimage description

Encrypted cat games are declining in popularity, and blockchain games still have a long way to go

Aetheria District Proposed by Decentraland

Decentraland is one of the most novel games on the blockchain to date (although its use is not limited to games). Barry Silbert has strongly supported this game project. Even in the most optimistic light, the current limitations of blockchain mean that the decentralized virtual world is far from the real world.

Many of the channel areas (virtual land areas set aside for consensus) run by the Decentraland community are like ghost towns. The proposed university district, which lays out detailed and ambitious plans, has mostly been silenced.

Developers have made little noise since the first land auction in December. Digital collectibles clearly have unique value compared to traditional video games, but blockchain games have yet to achieve a truly long-lived and profitable game.

As Diar puts it, “If NFTs are to have a sustainable value and a broader user base, they must become an important part of the game.” Action games involving NFTs are more likely to happen under the current blockchain scalability issues. It is expensive for the user, and the users gaming experience is not good due to reasons such as relatively long confirmation time.