The threats subsection considers the company / studio behind Phantom Galaxies, examining potential external risks that could hinder its success in the competitive Web3 gaming space. This report will cover:

• The extent of market competition and its impact on Phantom Galaxies's position.
• Regulatory changes and their potential effects on tokenomics and play-to-earn mechanics.
• The volatility of cryptocurrency markets and its implications for player earnings and the game's economy.
• Player fatigue with current play-to-earn models and how it could affect Phantom Galaxies.
• The potential impact of security vulnerabilities, such as smart contract exploits, on player trust and retention.