SERAPH: In The Darkness demonstrates a strong foundation in gameplay and blockchain integration, but internal weaknesses within Seraph Studio could hinder its long-term success in the competitive Web3 gaming space. This report will cover:

• The high entry barriers and complexity of Web3 mechanics for non-crypto-native players.
• The reliance on Web2 gaming expertise, which may limit innovation in Web3-specific features.
• Challenges in maintaining player retention and engagement due to repetitive gameplay and a lack of long-term incentives.
• The team's limited transparency and communication regarding roadmap delays and tokenomics updates.
• The potential economic imbalance caused by gaming guilds and investor influence, which could undermine fairness and player trust.