P2E games witness lack of interest, reports Blockchain Game Alliance
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As compared to 2021, the blockchain P2E gaming industry fell by 22.5% in the current survey by BGA. The gaming companies aim to enhance the overall experience in 2023.
P2E games witness lack of interest, reports Blockchain Game Alliance
By Nidhi Bhardwaj: As per the recent survey by Blockchain Game Alliance, it was found that the blockchain gaming industry has experienced a massive shift. In comparison to the popularity of the play to earn model, BGA reported to have this popularity running out of favour in its recent survey.
What does this survey suggest?
In comparison to the 2021 report, it showed that almost 67 percent of respondents agreed the P2E to be the significant growth driver of blockchain gaming. However, the current survey revealed on 12 January that nearly 347 professionals represented 252 projects in the blockchain sector. According to BGA, most respondents were young adult males working for blockchain gaming companies in middle and top management positions.
The results displayed the shrinkage in the number of active P2E players and interest by 22.5 percent as per 2021. Gameplay improvement should be considered a priority for this industry in 2023, revealed 35.7 percent of respondents in the current survey.
Amid the speculation over the future of play to earn games, Pedro Heddera, head of research and analytics at DApp insights company DappRadar said, “P2E’s fading out as a result of falling crypto prices and upcoming free-to-earn games, paving the way for the new generation of Web3 games. 2023 is shaping up to be a make-or-break year.”
What makes the P2E interest fade out?
The report further mentioned that issues such as a poor understanding of blockchain gaming concepts and lack of gameplay were the top reasons behind the fading interest in users.
Despite the crypto winter, a section of the report by DappRadar also suggested that the blockchain gaming industry is still growing. Indeed, the interest of users fluctuated, but on-chain game transactions reached 7.4 billion, almost 3,260% since 2020.
On this occasion, the President of the Blockchain Games Alliance, Sebastien Borget said that,” The industry is putting players first, with maximum focus laid on the blockchain in the gaming industry.”