The internal weaknesses of Hexagon Studios, the company behind Honeyland, present several challenges that could hinder the game's competitiveness in the Web3 gaming space. This report will cover:

• The leadership team's limited Web3 and gaming experience, which may impact the studio's ability to innovate and adapt to the competitive Web3 gaming landscape.
• The studio's financial dependencies and fundraising challenges, which could create vulnerabilities in sustaining long-term development and growth.
• Concerns about transparency and communication, particularly in HXD token distribution and roadmap execution, which have led to community mistrust.
• The studio's struggles in executing its roadmap and delivering on promised milestones, raising questions about its ability to meet development goals.