A survey showed that most P2E game users prefer to earn various cryptocurrencies, including BTC. Only 5% of gamers are interested in non-fungible tokens (NFT).
Fintech company Zebedee, which specializes in P2E projects, conducted a survey and found out that gamers are optimistic about earning in games with Play-to-Earn mechanics. However, most of them prefer to receive BTC or in-game crypto-assets while playing, showing little interest in NFTs.
The survey was carried out in late September 2022 and included responses from 1,041 American residents who play at least one hour of video games per week. About 67% of respondents would be willing to play free P2E games if they provided opportunities to earn cryptocurrencies. Yet, 27% cited Bitcoin as their preferred asset for monetizing the experience in such projects, and only 5% would prefer NFT rewards.
The survey also revealed that P2E projects remained a niche activity. 64% of gamers have never played blockchain games, and 38% haven’t heard of them at all. Those gamers who already know how to make money from P2E games claim that their income depends on how much time they spend playing the game.
Overall, only ~45% of gamers own any digital assets. A quarter of them own Bitcoin (BTC), another 18% prefer Ethereum (ETH), and 14% hold Dogecoin (DOGE).
Generally, gamers are optimistic about the integration of Web 3.0 in games — only 10% have a negative opinion about this trend. At the same time, 45% of gamers say that easily selling or exchanging characters and video game items with other users can be an excellent option for game industry development. And only 23% believe that introducing GameFi into existing projects would ruin the mechanics and worsen them. Recent studies showed that most gamers prefer interesting gameplay over making money.
But venture capitalists see value in various GameFi projects in the long term. For example, blockchain games and Metaverses attracted a total of $1.3 billion in investments in Q3 2022.
