As blockchain games gain popularity, 3 out of 4 game developers expect to work on Web3 game projects in the future, according to a recent survey.
Blockchain entertainment company Coda Labs commissioned a survey targeting game developers to find out their opinion on Web3. After conducting the survey, the researchers found that the majority of respondents believe that Web3 games are on the way to their companies. 75% of the participants expect to work on Web3 projects in the future.
Apart from this, more than half of the survey participants believe that Web3 will revolutionize the gaming industry. Some believe that Web3 will have an impact in terms of user acquisition and retention. 40% anticipate that the implementation of Web3 will attract more new users, while 36% believe that the integration of Web3 will allow games to better retain users.
Sekip Can Gökalp, CEO and founder of Coda Labs, also commented on the survey results. Gökalp noted that the potential of Web3 games is always up for debate, but the benefits for developers are always clear.. He explained it this way:
“This survey shows that the majority of developers have already dove into Web3 game development, driven by benefits like additional funding, new revenue streams, and player retention.”
In addition to getting new users and retaining them, developers also recognize that Web3 brings new sources of revenue. 47% of survey participants highlighted non-fungible token (NFT) sales as one of the main benefits of Web3, while 43% believe in cryptographic tokens as a source of additional revenue.
However, not everyone is convinced that Web3 is here to stay. The survey results also show that 32% of the participants believe that Web3 games are just a fad and won’t last long.
While the developers who participated in the survey believe in NFTs and crypto tokens as new sources of income, another recent survey showed that gamers are more interested in earning Bitcoin (BTC) while gaming.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.