1.2 Market Problem
The blockchain is revolutionizing the gaming industry in innovative and exciting ways, disrupting traditional play-to-win It is creating models and enabling players to make strategic investments, earn real money, and hone their entrepreneurial skills. A burgeoning digital infrastructure. The blockchain is the catalyst for the future of the metaverse. Interconnected and interoperable digital and physical worlds intersect. The blockchain gaming sector faces a number of obstacles that must be overcome in order to succeed and get closer to the ideal gaming service objective. These difficulties consist of
1) Lack of a Launchpad
Blockchain gaming projects are funded in a competitive environment where Launchpads try to raise large amounts of money. This makes it easy for projects to over-hype and over-present themselves. It can be difficult for investors to identify the true value of a project. With Launchpad's focus on promoting projects, quality verification and due diligence procedures may be insufficient. The investment of inappropriate projects could lead to losses for investors and disappointment for players—who are the primary consumers of the game—as they would not be able to push the limits of the current game market.
2) Lack of industry expertise
Many of the planners, developers, and designers working on blockchain game projects lack an understanding of blockchain technology, which can lead to difficulties in utilizing it effectively. Without a basic understanding of the fundamentals, projects that require new additions to existing game areas and structures through blockchain technology will inevitably fail to start or turn a profit. Although it could be simple to locate a platform with a large number of fresh ideas to invest in, the market lacks competent teams with the necessary knowledge and background in the gaming and crypto sectors.
3) Environment Configuration
A lack of industry knowledge can make it difficult for a hosting platform to provide enough support for a startup. A lack of advice can lead to a potentially good idea reaching a dead end. Launchpad's huge inventory of new blockchain gaming startups feels exciting and rich, but without support, marketing, and advisory opportunities from industry experts, there is little direction and professional support to pave the way to a successful market launch.
4) Security Problem
Since blockchain games are based on smart contracts, security is a big concern. The lack of security experts in the industry can lead to smart contract vulnerabilities. Also, blockchain networks are too loaded to handle large game transactions. This can cause delays or instability in gameplay. Blockchain's scaling issues present a challenge in handling large transactions and ensuring high performance.
5) Lack of interoperability
Various blockchain platforms exist, and there is often a lack of interoperability between them, which can make the movement of game characters or assets difficult or limited. The blockchain gaming industry lacks standards and can struggle to build interoperability between different games and metaverse platforms.
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