Over 30% of blockchain games are now abandoned, data shows

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Out of greater than 1,300 blockchain video games which were introduced since 2021, over 400 are actually discontinued or canned.

Based on data compiled by BlockchainGamer.biz, out of a complete of 1,318 blockchain-based games which were in circulation since 2021, roughly 407, or over 30%, are presently designated as both discontinued or deserted. As of the most recent replace in January, the media outlet’s record contains 911 blockchain-based video games, with 334 actively stay and 577 in varied levels of growth.

The first causes cited for the cancellation of blockchain-based video games have been primarily tied to funding challenges and evolving market situations. Nonetheless, a majority of the discontinued initiatives have been additionally characterised as smaller initiatives led by much less skilled and under-capitalized groups.

Furthermore, in most situations, builders selected to not make any formal bulletins in any respect and easily ceased operations with out prior discover, the report notes.

Over 30% of blockchain games are now abandoned, data shows - 1
Deserted blockchain video games in 2023 | Supply: BlockchainGamer.biz

Digging into the specifics of the 162 video games discontinued within the latter half of 2023, roughly 17% fell beneath the multichain class. Nonetheless, single-chain video games additionally skilled appreciable discontinuation charges. Based on the report, Binance’s BNB Chain emerged as the commonest community witnessing builders abandoning their gaming initiatives, accounting for 11%, adopted by Polygon at 10%. Moreover, Ethereum, Sui, and Solana every noticed a 6% discontinuation charge.

Amongst high-profile video games that moved away from blockchain integration was the online game referred to as “Targets,” which had reportedly raised hundreds of thousands of {dollars} in 2022 and 2023. Regardless of its substantial monetary backing, Targets has determined to half methods with blockchain integration, marking a big pivot in its growth trajectory, based on the report.

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