Web3 Gaming Embraces Sustainability as Confidence Reemerges: BGA

Industry Shift: The blockchain gaming sector is transitioning towards sustainable economics, moving away from speculative practices to focus on high-quality games and resilient revenue models, as reported by the Blockchain Game Alliance (BGA).

Optimism and Recovery: A survey indicated a rebound in optimism among blockchain gaming professionals, with 65.8% expressing positive sentiment, attributed to regulatory improvements and the rise of stablecoins facilitating low-cost transactions.

Challenges Faced: The sector experienced a significant downturn from 2021 to 2024, with funding dropping from $4 billion to $293 million, leading to a high failure rate of Web3 games and studio closures.

Future Prospects: Despite past challenges, industry leaders believe that blockchain gaming is becoming a proven sector within crypto, with a focus on quality projects and real adoption driving future growth.