Many people start looking for the next explosive sector when they mention a bull market.
DeFi has been speculated, NFTs have been speculated, AI has had its turn, now whose turn is it?
Many people are starting to refocus on GameFi.
But the problem is, if GameFi still uses the old logic, then another round will just mean a new batch of people getting harvested.
Because the core issues from the past have never been resolved.
The growth of blockchain games does not rely on users, but on expectations.
Once expectations collapse, users will leave.
The emergence of Pixels is somewhat like changing the direction of this track.
It hasn't tried to amplify returns, but rather lower expectations.
You can't make huge profits here, but you can stay.
This sounds like a downgrade, but in reality, it is an upgrade.
Because what truly determines a product's lifecycle is never 'how fast it rises', but 'whether it can retain users'.
Pixels focuses on social structures.
The Union system is not a simple guild, but a lightweight faction relationship.
Players start to have a sense of belonging, conflict, and cooperation.
This has transformed from 'single-player profit' to 'group gaming'.
Once people enter the social structure, it is difficult to leave easily.
This is the core of retention.
Let's take a look at its economic design.
By constantly reducing inflation and increasing consumption, slow down the entire system's rhythm.
What are the benefits of being slow?
It is just not easy to collapse.
Previous chain games were like fireworks, exploding at a touch and quickly extinguishing.
This current state is more like a campfire.
Not bright enough, but can burn for a long time.
This is actually more suitable for the second half of the bull market.
Because when funds no longer flood in mindlessly, only those projects that can self-cycle will remain.
There is also one point that many people overlook.
Pixels is no longer just a game; it is moving towards a 'distribution platform'.
Access various IPs and consolidate traffic in their own social graph.
This is somewhat like early Facebook.
It's not the content itself that is most valuable, but the relationship network.
Once relationships are formed, value begins to overflow.
So you'll see a subtle change.
The market is starting to look not just at 'how many players there are', but at 'whether there are connections between these players'.
This is the change in valuation logic.
Back to the core question.
The bull market is here, will GameFi explode?
The answer may be yes, but the method is different.
No longer relying on the 'revenue curve',
But rely on the 'retention curve'.
Whoever can retain people is qualified to enjoy the subsequent funds.
Pixels is currently on this path.
Not necessarily the most thrilling, but more likely to go far.
And in this industry, being able to go far is often more important than going fast.