The collapse of the Pixiland project once again exposes the systemic risks in the Web3 gaming sector. This project, which was once financed within the Ronin ecosystem, raised funds through the sale of virtual land and NFT assets, but suddenly changed direction after fundraising was completed, shifting to traditional game development, leaving investors and community members with nothing.

This is no longer an isolated case. In recent months, similar "raise funds and then run" schemes have been frequently seen in the Web3 gaming track. Project teams attract investors under the guise of ecosystem development and community governance, but after receiving the funds, they choose the quickest way to cash out. What’s the result? Community confidence continues to collapse.

A deeper issue is that the Web3 gaming field lacks effective capital regulation and project transparency mechanisms. A large influx of capital aims for quick profit, while projects truly committed to long-term ecosystem building are in the minority. This situation is destroying the trust foundation of the entire track. For retail investors and community participants, distinguishing genuine projects from scams has become more difficult than ever.

Stronger due diligence, clearer roadmap commitments, and stricter community oversight mechanisms are needed. Otherwise, the Web3 gaming sector will only continue to be a hunting ground for arbitrageurs and speculators.