The latest report from the Blockchain Gaming Alliance (BGA) reveals significant progress in the blockchain gaming sector throughout 2024. The report highlights the sector’s rapid growth, shifting professional profiles, and ongoing challenges.
Professional Profiles Shifting Toward Traditional Gaming
One of the standout findings in the BGA report is the growing presence of professionals from the traditional gaming industry entering the blockchain gaming space. Sebastien Borget, President of BGA, remarked, “This is the highest level we’ve observed in four years of conducting these surveys.” According to the report, 52.5% of new entrants have traditional gaming backgrounds, compared to 34.2% in 2023. This surge indicates a promising synergy between blockchain technology and the gaming industry.
Borget emphasized the potential for blockchain gaming to reach a broader audience, boosting its popularity and fostering innovation across the sector.
Diversity and Improved Onboarding
While progress has been notable, challenges remain. Only 17.3% of respondents in the survey identified as women, underscoring the lack of diversity within the sector. Borget acknowledged this gap, stating, “BGA is committed to addressing this underrepresentation.” Efforts to increase diversity aim to strengthen the inclusive nature of the GameFi sector.
Another key area of improvement is onboarding. The report shows a 20% decrease in respondents identifying onboarding difficulties as the biggest hurdle. This positive trend suggests that new users are adapting to blockchain games more easily, potentially accelerating mass adoption.
Australia’s Rising Influence in Game Development
The report also highlights Australia’s growing impact on blockchain gaming. Corey Wilton, co-founder of Mirai Labs, pointed to the increasing role of AI in creating imaginative gaming experiences. “AI enables studios to go beyond their creative limits,” he said.
Andrew Sorokovsky discussed how Web3 technology facilitates asset transfer between games, revolutionizing the industry. Leah Callon-Butler noted the acceptance of play-to-earn models in Southeast Asia, particularly in the Philippines, where players can enjoy games while generating income.
A Promising Start to 2024
With an influx of diverse professionals and groundbreaking technological advancements, the GameFi sector is off to a strong start in 2024. As innovations continue to reshape the landscape, the industry’s next steps are eagerly anticipated.
According to Dey There, this surge in blockchain gaming underscores the potential for GameFi to redefine traditional gaming and bring blockchain technology to a wider audience.
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