Improved gameplay is key to driving blockchain gaming adoption in 2023, according to a Blockchain Game Alliance report. And according to another report from DappRadar, companies in this sector will raise $7.6 billion in 2022.
According to Blockchain Game Alliance (BGA) 2022 Member Survey and Report, blockchain game industry experts predict that improved gameplay will be the single most important factor driving adoption in 2023, with web3 development are working to make blockchain games more fun and immersive.
Following gameplay improvements, the next two factors most commonly thought to propel the industry forward over the next year are the migration of traditional game studios and existing game franchises to Web3.
Founded in 2018, the Blockchain Game Alliance (BGA) is an industry organization of over 500 members including leading games and studios, guilds, blockchain protocols, venture capitalists, service organizations and cryptocurrency exchanges.
The second annual BGA Members Survey and Report is a survey designed to assess the views of BGA members and blockchain gaming professionals on the current state of the industry and future challenges and opportunities. BGA commissioned his Emfarsis to design and conduct a 22-question survey covering topics such as careers, growth, recruitment and key issues facing the industry. Findings will be used to ensure that BGA’s planned activities are aligned with industry needs.
As for the biggest positive impact on blockchain gaming over the past year, 21.3% of respondents pointed to unprecedented levels of money flowing into the sector. DappRadar reports he is worth $7.6 billion.
The next two most positive impacts were adoption of NFTs by mainstream brands and celebrities (16.4%) and traditional game studios launching their own NFT games (15.0%) . When asked about the main benefits blockchain brings to gaming, 68.9% said digital asset ownership continues to be the most important benefit the technology can offer in his NFTs that provide players with digital property rights. showed.
This was followed by a new player reward model (35.2%) and a new revenue model (34.3%) highlighted as the most innovative aspects of web3 applied to gaming.
“Looking back, 2022 was a year of growth, not only in terms of funding, titles and headlines, but also in terms of active participation,” BGA President Sebastian Borget said in a statement. increase. “Even with the influx of new entrants into the industry, the key benefits of blockchain to the industry have not changed significantly from last year.”
“Player asset ownership, new player rewards, and new revenue models remain the top three. We are committed to improving the overall experience, which shows that we are putting players first in our quest to revolutionize the industry through the application of blockchain and NFTs.”
Regarding industry challenges, more than half (51%) of the survey respondents said that given the demanding learning requirements for new players new to using cryptocurrencies and other blockchain We agree that onboarding and accessibility are still the biggest issues. This was followed by poor gameplay as the biggest problem (37.2%) and not fully understanding the concept of blockchain games (28.5%).
At the corporate level, FUD (Fear, Uncertainty and Doubt) is the top concern, with 27.7% indicating that the arrival of crypto winter is having a negative impact on their business. Despite this, nearly nine in ten (89.3%) say they still believe they will be working on blockchain games a year from now. He has been in his current role for over a year.
big development
The WAX protocol continues to be the most popular blockchain for web3 gaming, attracting an average of nearly 350,000 UAW every day in 2022. The Hive and BNB chains followed with 235,000 UAW and 167,000 UAW respectively.
After averaging 97,000 UAW per day in 2022, Polygon integrated as a chain of games, up 340% from the previous year. Arc8 by GAMEE, Benji Bananas, Crazy Defense Heroes and Pegaxy are among his growth driven gaming dapps.
ImmutableX’s NFT trading volume was $87 million, up 250% from last year. Gods Unchained entered the top 25 most traded collections across all blockchains.
Axie Infinity generated $325 million in NFT trading volume with the launch of Axie Infinity: Origins and Lunacia’s first appearance at Axie Infinity Homeland.
Yuga Labs’ Otherside has overtaken Decentraland and The Sandbox to become the most traded virtual world project after launching on April 30. Otherside he generated over $1 billion in deals.
Gala Games ended 2022 with 18 games in its portfolio. Two of them were Steam and one was the Epic Games Store.
Alien Worlds was the most-played dapp in 2022, with an average of nearly 200,000 UAWs daily, and 4.8 billion on-chain transactions, including gameplay, trades, and DAO activity.
Splinterlands was the second most popular game based on wallet activity, consolidating a player base of 160,000 UAW per day in the second half of the year. The Hive-based trading card game also achieved related roadmap milestones as the team launched Node Validator his license and dropped Runi NFT and Land Deeds.
STEPN initiated a move-to-earn paradigm behind a gamified reward model for physical activity. STEPN’s growth stalled in Q4, but dapps such as Genopets, Step App, Dotmoovs and Dustland are also following the trend.
Major games and metaverse projects continued to build despite the crypto winter. The projects behind major metaverse game dapps such as Illuvium, The Sandbox, Big Time, Axie Infinity Homeland, The Fabled, Phantom Galaxies, Star Atlas, My Neighbor Alice, Treeverse, and Mirandus have entered alpha or beta phases.
industry data
According to the report, there will be 1.13 million unique active wallets connected to gaming apps across 48 tracked blockchains in 2022, an increase of around 85% from 2021.
On-chain game transactions reached 7.4 billion, up 37% from 2021 and 3,260% from 2020. About $2.54 billion has been invested in blockchain infrastructure projects.
Trading volume from virtual worlds in 2022 was estimated at $1.45 billion, 136% higher than last year. And games account for almost 50% of all on-chain activity, according to Dapp Radar.
Of the survey respondents, 65% of respondents are under the age of 35. And he says 89% will continue to work on blockchain her game after a year. About 56% receive at least part of their salary in cryptocurrencies. BGA members increased from 300 in 2021 to 500 in 2022.
industry drivers
About 36% predict that improved gameplay will be the biggest driver of adoption in 2023. The survey found that he saw a 67% decrease in respondents who see gameplay as the main driver of the industry. By the end of 2021, play-to-a-en was considered to be the main driver of the industry.
And 21% cited funding as having the biggest positive impact on the industry in 2022, followed by adoption of NFTs by mainstream brands and celebrities.
Task
Nearly 30% say crypto winter will have the most negative impact on the industry in 2022.
About 37% of respondents believe there is still a misconception that blockchain games are not fun.
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