The Blockchain Game Alliance (BGA) recently unveiled findings from its "2023 Industry State Report" on December 12, indicating that a significant proportion of blockchain game developers, nearly 40%, foresee traditional game studios as one of the major driving forces for Web3 gaming by 2024.
Within the survey conducted by the BGA, 37.8% of respondents anticipated that Web2 studios would either introduce new games in the Web3 space or incorporate blockchain elements into existing games, signifying a substantial growth trajectory for the industry.
Looking at the positive drivers for 2023, approximately 19.8% of participants highlighted the significance of traditional game studios venturing into games integrated with non-fungible tokens (NFTs), while 15.2% acknowledged these studios' shift toward Web3.
A notable trend identified by 35% of respondents is the potential benefit derived from Web2 game studios committing to embracing Web3 technology within the year 2023. With optimism, more than half of the surveyed professionals believe that over 20% of the global gaming industry, valued at $347 billion, will embrace blockchain technology by 2024.
The comprehensive report drew insights from 526 blockchain gaming professionals surveyed between August and October 2023, suggesting an optimistic outlook for the industry's growth and adoption trends in the coming year.
Heading into 2024, Jeffrey Gwei, founder of theweb3game.com, foresees an increased appreciation among Web2 gamers for the value and ownership of their in-game assets, recognizing their transferability and inherent value, thereby dispelling prevalent misconceptions about digital asset ownership. This ongoing shift in perspective aligns with survey results ranking 'digital asset ownership' as the leading benefit of blockchain gaming for the third consecutive year, underscoring the consensus within the industry about its future direction.
