Compared to 2021, the blockchain P2E gaming industry has declined by 22.5% in the current survey by BGA. The gaming company aims to improve the overall experience in 2023.
New Delhi,Has been updated: Jan 12, 2023 18:23 IST
P2E Games Witness Lack of Interest, According to Blockchain Game Alliance Report
Nidhi Bhardwaj: A recent study by the Blockchain Game Alliance found that the blockchain gaming industry is undergoing major changes. Compared to the popularity of revenue models, BGA reports in a recent study that this popularity is waning.
What does this survey suggest?
Compared to the 2021 report, it showed that nearly 67% of respondents agreed that P2E is a key growth driver for blockchain gaming. However, a current survey revealed on January 12 that around 347 experts represent 252 projects in the blockchain sector. According to BGA, most of the respondents were young adult males in middle and top management positions at blockchain gaming companies.
As a result, the number of active P2E players decreased, showing a 22.5% decrease in interest as of 2021. In a current survey, his 35.7% of respondents revealed that improving gameplay should be seen as a priority for this industry in 2023.
Amid speculation about the future of playing to win games, Pedro Hedera, head of research and analytics at DApp insights company DappRadar, said: 2023 is shaping up to be a winning year for his new generation of Web3 games.
What is causing the decline in interest in P2E?
The report further states that issues such as lack of understanding of blockchain game concepts and lack of gameplay are the main reasons for the waning user interest.
Despite the cryptocurrency winter, DappRadar’s section of the report also suggests that the blockchain gaming industry is still growing. Indeed, user interest fluctuated, but on-chain game transactions reached his 7.4 billion, almost 3,260% from 2020.
On this occasion, Blockchain Games Alliance President Sebastien Borget said: