Data from reliable sources indicate that the number of abandoned blockchain games has reached concerning levels, indicating the volatile nature of the market. Out of a total of 1,318 blockchain-based games released since 2021, approximately 407, or over 30%, have been abandoned or discontinued. This significant number raises questions about the viability and sustainability of blockchain gaming projects.
Funding challenges and evolving market conditions have been cited as the primary reasons behind the cancellation of these games. However, a deeper look reveals that a majority of the discontinued projects were initiated by smaller teams with limited experience and capital. Their inability to navigate the complexities of the blockchain gaming landscape likely led to their demise.
What is particularly interesting is that many developers opted not to make any formal announcements about discontinuing their games. Instead, they silently ceased operations without providing prior notice to their user base. This lack of transparency and communication is concerning, as it negatively impacts the trust and confidence of players in the blockchain gaming space.
Diving into the specific data for the latter half of 2023, we find that a significant portion of the discontinued games were operating on multiple chains. Approximately 17% of the abandoned games fell under the multichain category. However, single-chain games were not exempt from abandonment either. Binance’s BNB Chain emerged as the most common network witnessing developers abandoning their gaming projects, accounting for 11% of the discontinued games. Polygon and Ethereum followed closely behind at 10% and 6%, respectively.
Even high-profile games, like “Goals,” which had secured substantial funding in 2022 and 2023, have made the surprising decision to move away from blockchain integration. This shift marks a major pivot in their development trajectory and raises questions about the overall feasibility and value of blockchain implementation in the gaming industry.
The high number of abandoned blockchain games serves as a stark reminder that this young industry is still finding its footing. As developers and investors continue to experiment with blockchain technology, it is imperative to exercise caution and diligence to ensure the long-term success and sustainability of blockchain gaming projects.
The source of the article is from the blog jomfruland.net