Metalcore, developed by Studio 369, faces several external threats that could hinder its success in the competitive Web3 gaming space. These threats stem from market competition, regulatory changes, technological challenges, and shifts in player preferences, which may impact the game's sustainability and growth. This report will examine how these threats could affect Metalcore’s market position, player engagement, and long-term viability.

• Competition from other Web3 games poses a significant threat, as Metalcore must differentiate itself in a crowded market.
• Regulatory changes, particularly around tokenomics and NFTs, could disrupt Metalcore’s economic model and player incentives.
• Technological challenges, including blockchain scalability and security vulnerabilities, could hinder Metalcore’s ability to provide a seamless gaming experience.
• Shifts in player preferences, such as fatigue with play-to-earn models, could reduce Metalcore’s appeal and player retention over time.
• The potential for a prolonged bear market in the cryptocurrency space could negatively impact Metalcore’s economy and player earnings.