A new survey has found that the blockchain gaming industry is experiencing a “massive shift," with the once-popular play-to-earn (P2E) model falling out of favor and focus shifting to improving the gameplay experience.
Chart showing factors that could impact blockchain gaming adoption.
The latest survey found this number shrinking to just 22.5%.
Rowan Zwiers, the co-founder of Web3 consulting company Blockminds, stated in the report that despite the previous hype achieved by P2E games during the first generation of blockchain gaming, the industry is currently in the midst of a “drawback to normalcy.”
On-chain game transactions reached 7.4 billion, growing 37% from 2021 and a staggering 3,260% since 2020.
Source: Cointelegraph