WHAT DO GAME DEVS THINK OF WEB3 GAMING?

Most game developers believe web3 gaming is the future of the industry. However, 32% think web 3 games are a fad and 31% consider them a scam. Coda Labs and Raptor PR conducted the international survey. The survey was based on the CODA Labs Global Web3 Gamer Study.

Sekip Can Gökalp, CEO and Founder of Coda Labs, believes web3 gaming offers potential benefits for players but also for developers. CODA Labs has published mobile games totalling more than 100 million downloads.

Rana Rahman, Founder and CEO at Raptor PR believes that web3 gaming will take off. There is a lot of activity happening to deliver games with smart use of web 3.

60% of developers believe that Web3 technology will revolutionise the gaming industry. 40% anticipate improved user acquisition, 36% expect improvements in user retention and 75% expects web3 games to feature NFTs or tokens. Less than a quarter of web 3 developers have launched one yet. In 2022, at least $7.8 billion has been invested into web-3 projects. Animoca Brands has recently announced a new $2 billion fund dedicated to metaverse startups.

60% of game developers agree that Web3 games will revolutionise the gaming industry. 32% think that web3 gaming is a fad and 31% consider it a scam.

Developers expect to generate new revenue streams from web3 games. Less than a quarter of developers have launched a web 3 game. More than half of companies are hiring for web-3 positions. Player adoption is the main obstacle for new web games to overcome.