Bit Hotel faces several external threats that could hinder its success in the competitive Web3 gaming landscape. One significant threat is competition from other Web3 games, which could impact Bit Hotel's market position and player retention. Additionally, potential regulatory changes pose risks to Bit Hotel's tokenomics model and play-to-earn mechanics, particularly if stricter regulations are imposed on blockchain gaming.

• Competition from other Web3 games could lead to player attrition and reduced market share, especially as new and innovative games enter the space.
• Regulatory uncertainties, particularly around token classification and play-to-earn mechanics, could force Bit Hotel to restructure its economic model, adding complexity and potential costs.