The recent release of the 2023 Industry Report by the Blockchain Game Alliance (BGA) sheds light on the evolution and trends in the blockchain gaming sector. This report, developed in collaboration with the consulting firm Emfarsis, provides a longitudinal view by comparing current data with information from previous years, thus offering a comprehensive insight into the current landscape.
The aim of the survey, which included BGA members and experts in blockchain gaming, was to assess the perspectives, obstacles, and opportunities that influenced the sector in 2023. Contrasting current findings with historical data provides a continuous perspective on the industry’s trajectory, crucial information for various stakeholders such as industry professionals, investors, media, academics, educators, policymakers, regulators, and government authorities.
The report offers an in-depth analysis of the industry, addressing vital aspects such as its vitality, growth prospects, emerging patterns, and potential risk areas.
🚀✨BGA State of the industry report 2023✨🚀
Dive into the wisdom of @Psycheout86 , Aleksander Larsen, the Co-founder & COO of @SkyMavisHQ . His commentary in this year's BGA State of the Industry Report is a must-read for industry enthusiasts.
🔍 Explore groundbreaking trends… pic.twitter.com/FnJq3N1oCY
— Blockchain Game Alliance (@BGameAlliance) January 11, 2024
Regarding regional trends, Europe leads with 38.8% of respondents, closely followed by Asia at 29.1%. Notably, the Middle East and North Africa (MENA) region stands out with a 5.0% representation, driven by regulatory clarity and investments in web3 initiatives. In contrast, Oceania had minimal participation at 1.7%, despite its relevance in the blockchain gaming scene.
The analysis of roles, experience, and diversity reveals that 43.5% of respondents are affiliated with gaming studios, with 70.7% holding senior positions, demonstrating industry expertise and leadership depth. However, there is a noted decline in female representation over the last three years, emphasizing the need for increased gender inclusivity.
The Blockchain World is Shifting Gaming from Web2 to Web3
With over 50% of respondents having one to three years of experience, valuable insights span various market phases. Significant trends include the transition from web2 to web3 gaming, the growing influence of artificial intelligence, and advancements in ‘Web3 Growth Tech.’
The report includes responses from over 320 companies, showcasing the industry’s diverse network. Notable contributors include The Sandbox, Yield Guild Games (YGG), Upland, Star Atlas, DappRadar, Game7, Polygon, Binance, Square Enix, Google Cloud, Amazon Web Services (AWS), and Georgia State University, contributing to the industry’s dynamic ecosystem.
The BGA’s 2023 Industry Report serves as an essential tool for stakeholders, providing a deep understanding of the current state of the blockchain gaming industry, identifying emerging trends, and anticipating future prospects.
