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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Home
  • Crypto
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    $3.62B Already Sold in 2025

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    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

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    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

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    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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Home Gaming

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

January 12, 2024
in Gaming
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Over 30% of blockchain games are now abandoned, data shows
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Out of more than 1,300 blockchain games that have been announced since 2021, over 400 are now discontinued or canned.

READ ALSO

Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

According to data compiled by BlockchainGamer.biz, out of a total of 1,318 blockchain-based games that have been in circulation since 2021, approximately 407, or over 30%, are currently designated as either discontinued or abandoned. As of the latest update in January, the media outlet’s list comprises 911 blockchain-based games, with 334 actively live and 577 in various stages of development.

The primary reasons cited for the cancellation of blockchain-based games were mainly tied to funding challenges and evolving market conditions. However, a majority of the discontinued projects were also characterized as smaller initiatives led by less experienced and under-capitalized teams.

Moreover, in most instances, developers chose not to make any formal announcements at all and simply ceased operations without prior notice, the report notes.

Over 30% of blockchain games are now abandoned, data shows - 1

Abandoned blockchain games in 2023 | Source: BlockchainGamer.biz

You might also like: Epic Games Store welcomes blockchain games despite ‘adults only’ ratings

Digging into the specifics of the 162 games discontinued in the latter half of 2023, approximately 17% fell under the multichain category. However, single-chain games also experienced considerable discontinuation rates. According to the report, Binance’s BNB Chain emerged as the most common network witnessing developers abandoning their gaming projects, accounting for 11%, followed by Polygon at 10%. Additionally, Ethereum, Sui, and Solana each saw a 6% discontinuation rate.

See also  Portal Airdrop Begins, Ethereum Card Battler 'Parallel' Opens Up

Among high-profile games that moved away from blockchain integration was the video game called “Goals,” which had reportedly raised millions of dollars in 2022 and 2023. Despite its substantial financial backing, Goals has decided to part ways with blockchain integration, marking a significant pivot in its development trajectory, according to the report.

Read more: How to make money playing crypto games

Tags: abandonedBlockchaindataGamesShows

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