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Game developers expect to work on Web3 games in the future: Survey

As blockchain gaming gains broader adoption, 3 out of 4 game developers are expecting to work on Web3 game projects in the future, according to a recent survey. 

Blockchain entertainment firm Coda Labs commissioned a survey, targeting game developers to have a peek at their thoughts about Web3. After conducting the survey, the researchers found that a majority of the respondents believe that Web3 gaming is on its way to their firms. 75% of the participants expect to work on Web3 projects in the future.

Apart from this, more than half of the survey participants believe that Web3 will revolutionize the gaming industry. Some believe that Web3 will have an impact in terms of user acquisition and retention. 40% anticipate that implementing Web3 will bring more new users, while 36% believe that Web3 integration will enable games to retain users better.

Sekip Can Gökalp, the CEO and founder of Coda Labs, also commented on the survey results. Gökalp noted that Web3 games’ potential is always debated, but the upside for developers is always obvious. He explained that:

“This survey shows that a majority of developers have already dipped their toes into Web3 game development, driven by benefits such as additional funding, new revenue streams, and player retention.”

Apart from getting new users and retaining them, developers also recognize that Web3 brings new revenue streams. 47% of the survey participants highlighted that one of the main benefits of Web3 is nonfungible token (NFT) sales, while 43% believe in crypto tokens as a source of additional revenue.

However, not everyone is convinced that Web3 is here to stay. The survey results also show that 32% of participants think that Web3 games are just a fad and will not be around for long.

Related: Web3 gaming still a long way from mainstream adoption: Survey

While developers who participated in the survey believe in NFTs and crypto tokens as new sources of revenue, another recent survey showed that gamers are more interested in earning Bitcoin (BTC) while playing games.