The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned.
This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement.
Are Blockchain Games Going Extinct? The Main Culprit
Funding constraints and evolving market conditions are cited as the primary culprits, suggesting that building a successful blockchain game requires much more than just buzzwords and tokenomics.
The report spanning 2021-2023 highlights a concerning trend in the latter half of 2023. Multichain games, utilizing multiple blockchain networks, experienced a 17% discontinuation rate. Single-chain projects w
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