Last month when I returned to Shanghai, I had a whole afternoon chat with Linda, and I gained a lot. She previously worked at a well-known early-stage fund reviewing projects and often traveled between Singapore, with a particularly good understanding of the blockchain gaming track. We met while hiking in Singapore a few years ago and have kept in touch ever since.

Honestly, there aren't many people paying serious attention to blockchain games anymore. Many say this track has already cooled off. But in my conversation with Linda, we both feel that the situation might not be so absolute.

To be honest, blockchain games are not dead at all. Just yesterday, a well-known Monopoly game is launching simultaneously on the App Store, Google Play, and web platforms. The hype behind this game is still quite high. We'll see if it follows the path of many predecessors—initially popular, then quickly declining.

Ultimately, blockchain games still come down to the product itself. Whether they can retain players and continuously generate value is the key to life or death. Currently, various experiments are ongoing, and market reactions are being observed. Maybe the next big hit is just around the corner, or maybe it’s just a flash in the pan. We’ll have to wait and see.