3 reasons you shouldn't make blockchain games, 2 reasons you shouldn't invest in blockchain games, plus some reasons why you really should do both.

3. 3 reasons you should
NOT be making
blockchain games

4. 2 reasons you should
NOT be investing in
blockchain games

5. 1/ You are not making a
game
You are making a (probably
very unstable) economy

11. The plan
arbitrage international reply coupons
The sizzle
He promised 50% profit within 45 days
or 100% profit within 90 days
Charles Ponzi

12. ● In the first month, 18 people invested $1,800
● By May 1920, he had made $420,000
● By June 1920, people had invested $2.5 million
● By July, he was raking in a million dollars per week
● By the end of July, it was a million dollars per day
People were mortgaging their homes and investing their
life savings. Most did not take their profits, but reinvested.

13. One-time chairman of
the NASDAQ stock
exchange, Bernie
Madoff ran the largest
Ponzi scheme in
history, worth about
$65 billion.
Bernie Madoff

14. 2/ You are not in control of
the game economy
But everyone will blame you

17. Someone puts $100 million into your economy
Someone removes $100 million from your economy
Either way your economy is (maybe) permanently destroyed
What happens when someone loses their life savings
in an economy crash in 'your' game?

21. 3/ You will not make
enough money
Especially in the early stages

28. The games business shifts
from a direct sale revenue
business into a margins-
driven transactional
business

30. 2 reasons you should
NOT be investing in
blockchain games

31. 4/ Everyone is an investor
Money is a commodity
You can't move as fast as crypto

36. $3.75 million raised from 16 VCs and 8 angels

37. 5/ Valuations are
now (even more) insane
Risk/reward is off-the-scale
You will not return your fund!

38. Yeah, I'm making a
blockchain game
on Solana.
Raising $10M on a $100M valuation.
Never made a game before.
Can I put you down for $2M?

39. AND
YET

40. 3 reasons you should
be making
blockchain game
economies

41. 1/ Blockchain game
economies are changing
the world
Do you want to reshape the global
economy for the better?

46. 2/ Blockchain game
economies are
more equitable
Devs and community are
fully aligned wrt incentives

47. 3/ Blockchain game
economies are more
creative
User-generated content rules

48. 2 reasons you should
be investing in
blockchain game
economies

49. 4/ A handful of blockchain
game economies will be
insanely valuable
ROI is king
Winners take all

50. 5/ Niche blockchain game
economies will be highly
profitable long-term
New ways of monetizing
small communities

51. Challenges
NOW
● Hardcore backlash
● Scams and failures
● Over-supply of investment
● High level of technical uncertainty
● Platforms restrictions
2022
● Massive over-supply of games
● Collapsing economics
● Developers not being able to hand over sufficient control
● Legal/regulatory pressure

52. 99% will fail
this is a feature
not a bug

53. jon@hiro.capital
@blockchaingmg