Comprehensive Research Report on Blockchain Games: Innovation or Bubble?

I. Introduction: Definition of Full-Chain Games

Fully on-chain games are a new type of game model that puts all interactions and states of the game on the blockchain. Unlike traditional games and asset on-chain games, fully on-chain games have the following characteristics:

1. Blockchain serves as a true source of game data, ensuring the authenticity of the data.

2. Game logic and rules are implemented through smart contracts to ensure traceability and security.

3. Follow the principles of an open ecosystem, allowing third-party developers to participate in creation.

4. The game is independent of the client; even if the core developer's client disappears, the game can continue.

This model achieves true decentralization, bringing new possibilities to the gaming industry.

II. The Necessity of Full-Chain Games

The traditional gaming industry, although thriving, faces two major dilemmas:

1. The issuance of games is restricted by licensing numbers, leading to the closure of many small and medium-sized game companies.

2. The initial development costs are high, the payback period is long, and it is easy to incur sunk costs.

The whole-chain game attempts to solve these dilemmas through global operations and new financing models, providing a new direction for the game industry.

3. Current Status of the Full-Chain Gaming Industry

Currently, the entire blockchain gaming sector is in its early stages, primarily including the following aspects:

1. Game projects: Most of them, like Dark Forest and Loot Survivor, are in the testing phase.

2. Game Engines: Mud and Dojo are the two mainstream engines that drive the development of blockchain games.

3. Proprietary Chain: Some teams are developing proprietary chains for the entire chain of games.

4. Aggregation Platforms: Such as Composable Hub and Cartridge, provide game aggregation services for players.

4. Core Advantages of Full-Chain Games

1. From PGR to UGR: Allow players to participate in the creation of game rules, achieving truly user-generated rules.

2. Fairness and Transparency: The on-chain game logic ensures the fairness of the game, especially suitable for gambling games.

5. Challenges Facing the Whole Chain Games

1. Poor user experience: rough image quality, inconvenient interaction, and difficulty in matching.

2. Limited game types: Currently mainly focused on strategy games.

3. The authenticity of demand is questionable: The necessity of UGR and fairness still needs to be verified.

4. Complete decentralization may lead to chaos in the game.

6. Business Model Considerations

The business model of the blockchain game is still being explored, and possible directions include:

1. Lightweight Games: Adopt a token charging method using NFT + Token.

2. Open Narrative Games: Consider paywalls, subscriptions, or membership systems.

3. Board Games: You can refer to the traditional commission model.

7. Summary

The full-chain gaming model has brought new possibilities to the gaming industry, but it still faces numerous challenges. How to balance the wealth creation effect and the playability of games, and how to address real needs, are key to the future development of full-chain gaming. We look forward to seeing excellent gaming projects that truly leverage full-chain characteristics and address player needs emerge through continuous exploration.