Dilemmas of Traditional Web3 Gaming Projects

Looking back on the development history of traditional Web3 gaming projects, it is evident that since their inception, they have been committed to integrating the gaming and decentralized finance sectors, successfully attracting a great deal of attention and investment. Initially, these projects promised to create a new gaming paradigm that would allow players to not only enjoy immersive gaming experiences but also earn real-world value through in-game activities, thus providing players with a new form of economic incentive.

However, traditional GameFi projects face numerous challenges. Firstly, many projects lack true innovation in game design. Most projects merely add a financial layer on top of existing well-known game models, resulting in a homogenization of the gaming experience, making it difficult for projects to stand out in a crowded market. For example, many GameFi projects follow the simple "play - to - earn" model, where players are mainly engaged in repetitive tasks such as obtaining tokens or completing basic missions, lacking depth and creativity, and thus failing to truly attract players.

Secondly, the economic models of these projects are often unsustainable. They typically rely on a continuous influx of new players to maintain the value of in - game assets and the overall economic ecosystem. Once the rate of new player acquisition slows down, the value of tokens and other in-game assets may decline significantly. This is similar to a Ponzi scheme, where early participants profit at the expense of later ones, leading to a loss of trust among the user base.

At a time when the Web3 gaming industry is developing rapidly, it is now at a crucial turning point. In the past, many gaming projects overly relied on financial speculation and capital operation, while neglecting the construction of the game product itself and the user experience. This "hollow" development model often led project parties to focus only on the Token Generation Event and listing of the game, lacking continuous value creation.

As a game publisher, we deeply understand that games relying solely on financial means can no longer meet the future development needs of the Web3 gaming industry. MomoAI has decided to make a major strategic shift. We firmly believe that only by focusing on user value and through a series of innovative measures can we drive the Web3 gaming industry towards a new transformation.

We abandon the approach of simply catering to MEME hype and adopt a "constructive" attitude to bring substantial changes to the Web3 gaming field. We clearly understand that only by truly returning to the construction of game product value and meeting users' gaming needs can the Web3 gaming industry achieve long-term and healthy development.

As a game publisher, we will not pin our hopes on the traditional "harvesting" model, nor will we attract attention through false behaviors. Instead, we will face various problems in the industry sincerely and do our best to solve them. This is our solemn promise, and every step of our actions will be fully supervised by all sectors of society. We are committed to building a high-quality game publishing platform, providing comprehensive support and services to developers, and jointly promoting the prosperity and development of the Web3 gaming ecosystem.