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Web3 Gaming Still a Long Way From Being Mainstream: Survey

According to a new survey, gamers' primary reasons for avoiding Web3 gaming were practical barriers, such as not knowing how they would function and not having a blockchain wallet.

06-Oct-2022 By: Sudeep Saxena
Web3 Gaming Still a

According to a new survey conducted by a blockchain entertainment provider, despite the massive investment in Web3 gaming, traditional gamers have yet to warm up to crypto or NFTs and have limited interest in Web3 games.

In accordance with the survey, gamers' primary reasons for avoiding Web3 gaming were practical barriers, such as not knowing how they would function and not having a blockchain wallet.

The survey found that just 12% of non-crypto gamers have played Web3 games, and only 15% of those who have yet to try are interested in doing so in the future.

The survey pointed out that the most known phrase linked with Web3 games is play-to-earn (P2E), and the most commonly believed advantage of playing them is crypto profits.

When these two factors are evaluated together, the findings confirm what many industry players have lately stated — that gamers prefer to play a "fun game" rather than the tokenomics associated with many Web3 games.

The survey data suggests that individuals who have played Web3 games were pleased about them, with regular gamers giving them a grade of 7.1 out of 10 and crypto gamers giving them an 8.3.

Speaking to a media outlet last week during Asia Crypto Week, Kevin Shao, executive president of the Asia Blockchain Gaming Alliance (ABGA), suggested that the focus on the P2E and NFTs aspects of blockchain games may be holding back GameFi's widespread acceptance.

Shao believes that the release of "triple-A" titles such as Phantom Galaxies and Big Time would help transform gamers' perceptions of Web3 games away from P2E features and attract individuals who want to play games just for enjoyment.

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