Blast Royale faces multiple external threats in the competitive Web3 gaming space that could hinder its success and sustainability. These threats range from intense market competition to regulatory uncertainties and technological challenges. This report will cover:

• The potential impact of competition from other Web3 games on Blast Royale's market position.
• The risks posed by regulatory changes, particularly in relation to tokenomics and play-to-earn mechanics.
• The effects of cryptocurrency market volatility on Blast Royale's economy and player earnings.
• The challenges of maintaining player engagement in a competitive and rapidly evolving Web3 gaming landscape.