President of the Solana Foundation: On-chain games are "dead" and will not return.

Techub News reports, according to The Block, Solana Foundation President Lily Liu stated that blockchain gaming "is not coming back." She believes that although the industry once hoped to advance Web3 and the metaverse through on-chain assets and open worlds, the actual performance has fallen far short of expectations. Solana was once considered one of the public blockchains with the most potential to support large-scale blockchain games, supporting real-time interaction with high performance and low costs. However, while projects including Star Atlas and Stepn once gained attention, the overall GameFi sector has continued to decline since its peak in 2021. Market views point out that blockchain gaming has long relied on token incentive models such as "Play-to-Earn" but lacks truly engaging gameplay and content-building capabilities to attract core players, leading to insufficient user retention and ecosystem sustainability. Institutions including a16z, Framework Ventures, and Animoca Brands have invested tens of billions of dollars in this field, but the returns have been poor. Nevertheless, some companies are still exploring transformation paths, such as Mythical Games and Gunzilla Games, gradually downplaying blockchain elements and treating them as optional features rather than core mechanisms to improve user experience and market acceptance.