Traditional gaming professionals now dominate the workforce in Web3 game companies, surpassing blockchain and cryptocurrency specialists, according to the Blockchain Game Alliance’s (BGA) 2024 State of the Industry Report.
The report reveals that 52.5% of industry professionals have a traditional gaming background, marking the highest figure since the survey began in 2021.
Decline of Blockchain Specialists in Web3 Gaming
In contrast, blockchain and cryptocurrency specialists now represent only 10.8% of the workforce, a significant drop from 21.7% in 2023.
“For an industry that has faced scrutiny regarding building fun-first games, the rise of traditional gaming professionals highlights a shift towards player-focused development over financialization,” the report states.
Key Features and Challenges in Blockchain Gaming
The report highlights digital asset ownership as the most valued feature of blockchain gaming, with 71% of respondents identifying it as a core advantage. This sentiment has remained consistent since the first BGA survey in 2021.
Other significant benefits include:
- New player reward models
- Alternative revenue streams
However, challenges persist:
- User experience and onboarding issues remain pressing, flagged by 54% of respondents—though improved from 80% in 2023.
- Scam allegations continue to plague the industry, with 66% of respondents identifying this as a major challenge.
- Bot activity within Web3 games is another concern, cited by 30% of professionals.
Despite these hurdles, the industry’s transition toward a player-first approach signals ongoing efforts to mainstream blockchain gaming.
Telegram: A Dominant Force in Web3 Gaming
Telegram has emerged as a key platform for Web3 gaming, capturing 21% of new game launches in 2024. Developers are leveraging Telegram to enhance user acquisition and engagement.
The 2024 State of Web3 Gaming Report, created by Game7 in collaboration with Naavik, notes that Telegram’s rising influence could challenge traditional platforms like Apple and Google, which face restrictive app store policies and regulatory uncertainty.
Fastest-Growing Web3 Gaming Ecosystems
The report identifies Immutable and Arbitrum as the fastest-growing ecosystems in Web3 gaming:
- Immutable saw 71% year-over-year growth, with 181 new titles, many of which migrated from Polygon.
- Arbitrum achieved a 68% increase, fueled by its Orbit Framework, supporting 23 new gaming networks.
The adoption of Layer 2 and Layer 3 networks has become the new standard for blockchain gaming, improving scalability and user experience.
Geographical Insights and Market Trends
The APAC region, led by South Korea and Singapore, accounted for 39% of new Web3 game launches, while the U.S. followed closely with 36%.
Despite a 36% decline in new game announcements compared to 2023, the industry witnessed an 84% drop in developer exits, signaling increased stability and long-term growth potential.
Conclusion: The Shift Towards Player-First Gaming
The BGA 2024 report underscores the evolving landscape of Web3 gaming, where traditional gaming professionals are driving innovation. While challenges remain, the industry’s focus on player experience, digital ownership, and alternative revenue models points toward a promising future.
With platforms like Telegram reshaping user engagement and ecosystems like Immutable and Arbitrum leading growth, blockchain gaming is poised for mainstream adoption.
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