It has kind of "exploring" mood, at least to me, so it could work just right as a backround music for a indie game or something
but as a piece for seperate listening it would need a bit more, imo, it lacks a main melody or some kind of hook that would really catch your attention
it just goes on and on, I would really appreciate some change in the rhythm at some point, maybe add some more percussion element here and there, switch instruments from time to time
also 1:16 transition was too sudden to my taste, fadeout ending was already mentioned before me
mix sounds alright
not bad as your first tune, really, good luck with future music making :)