Delphi Digital: Overview of the history and current state of development of blockchain games, is it overhyped?

Delphi Digital: Overview of blockchain game history and current development status. Is it overhyped?

Delphi Digital researcher JACL provided an overview of the history of blockchain gaming and why they are bullish on it. They also stated that while technology is advancing every month, we are still far from the ultimate goal, and Autonomous Worlds will never replace traditional games.

Games that are completely on-chain are also known as Autonomous Worlds (AW). AWs must store/compute all data, rules, and logic 100% on-chain and must be open for construction. AW has existed since 2014, but it was popularized by the concept of the Dark Forest in 2019. Until now, this concept has started to be hyped up, mainly because of the progress we have made in underlying information, greatly increasing the possibility of game mechanisms, reducing entry barriers, and greatly improving throughput, speed, cost, and other limitations. MUD and Dojo are leading this trend and have the largest builder ecosystem.

Why do we need to pay attention to the full-chain game? 1) Programmability: open source, semi-permissive, and game-as-a-platform. Combinability unleashes network effects in the information layer and application layer. And as the gaming industry evolves towards GaaP, AWs have unique advantages in finding PMFs and niche player groups; 2) Neutrality: a neutral base layer can ensure a fair, trustless, and verifiable world and can be seen as a prerequisite for true decentralization, ownership, persistence, permanence, and player management; 3) Financialization: high-risk strategic games tokenize the relationship between a few and many. A first principles approach will create entirely new types and have imaginable highest stakes; 4) DAO as a protocol: capital-rich and high-skilled DAOs will emerge to leverage specialization and economies of scale.

In summary, AWs are being hyped up excessively.