A survey of blockchain gaming industry experts found that the most important factor influencing the future development of the P2E segment is improved gameplay.
The Blockchain Game Alliance (BGA), an organization that researches, develops, and develops online games, found that industry representatives believe gameplay improvements are the main driver for the further popularization of blockchain gaming.
The BGA survey revealed that Web3 game developers should focus on creating a more fun and immersive gaming experience. 35.7% of respondents expressed this opinion. They think that only qualitative changes in gameplay will drive adoption of GameFi projects in 2023.
Respondents also highlighted other factors that could influence the industry’s development, including:
- the entry of major traditional gaming studios into the sector (30.3%);
- the broad gaming franchise adoption (26.2%);
- improvements or changes in UI of existing games (25.1%);
- crypto adoption in existing projects (21.9%).
The BGA survey was conducted among 347 professionals holding executive positions in 252 companies in the GameFi sector.
As for the sector trends in 2022, the BGA analysts focused on the changing perception of the key factors of GameFi industry development. For example, a similar survey in 2021 showed that about 68% of respondents identified the P2E sector as the main driver for the development of the blockchain gaming industry. And the current survey shows that only just over 22% of respondents still think so.
Most respondents believe that funding levels were the main growth driver for the industry in 2022. According to DappRadar, blockchain gaming raised $7.6 billion in 2022, with $1.3 billion of that coming in Q3.
Last year’s other drivers included:
- the ability to earn in games (35.2%);
- creating new ways to generate revenue while gaming (34.3%);
- NFT adoption by traditional gaming studios (31.4%).
However, Sebastien Borget, President of the BGA, says that despite growing user activity, the core benefits of blockchain for the industry haven’t changed significantly in 2022. “We’re putting players first in our quest to revolutionize how our industry functions,” Borget concludes.
As a reminder, poor blockchain gaming and “poor in-game economy design” were the reasons GameFi investors lost profits in 2022.
