Web3 gaming is still a ways off from being widely adopted

Web3 gaming is still a ways off from being widely adopted QuoteCoin

New York City: Coda Labs commissioned a poll in which 6,921 respondents from five different countries were given a series of questions to establish their view of cryptocurrencies, non-fungible tokens (NFTs), and Web3 gaming.

According to the findings of a recent survey that was commissioned by the blockchain entertainment provider Coda Labs, traditional gamers have not yet warmed up to crypto or nonfungible tokens (NFTs), and they have very little interest in Web3 games. This is the case despite the enormous amount of money that is being poured into Web3 gaming.

According to the poll, gamers referred to practical impediments as the primary reason for their avoidance of Web3 games as the primary reason for their avoidance, with players typically not understanding how they would function and missing a blockchain wallet as two of the most common reasons.

According to the poll, just 12% of gamers who do not use cryptocurrencies have played Web3 games, and only 15% of gamers who have not yet played Web3 games are interested in doing so in the future.

According to the results of the poll, “play-to-earn” (P2E) is the most well-known phrase connected with Web3 games, and “crypto profits” is the advantage that is most often seen as being related with playing these games.

When these two considerations are taken into account together, the results lend credence to what many participants in the industry have been stating in recent months, namely, that gamers are more interested in playing a “fun game” than they are in the tokenomics that are linked with many Web3 games.

The results of the poll indicate that individuals who had played Web3 games ended up having a favorable opinion of them. Traditional gamers gave them a rating of 7.1 out of 10, while gamers who are active within the crypto area gave them a rating of 8.3.

Kevin Shao, the executive president of the Asia Blockchain Gaming Alliance (ABGA), has argued that the concentration on the P2E and NFTs part of blockchain games may be what is holding back the general acceptance of GameFi.

Shao believes that the release of “triple-A” titles such as Phantom Galaxies and Big Time can help shift gamers’ perspective of Web3 games away from the P2E features and onboard people who are looking to play games purely for fun. Big Time is a racing video game that was developed by Big Time Studios.

To be eligible to participate in the survey, the respondent needed to meet the following requirements: they needed to play video games at least twice per month; they needed to have used a crypto wallet; they needed to have traded via a decentralized exchange; or they needed to have traded an NFT in the previous 30 days.

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