Survey reveals game developers aren't interested in cryptos and NFTs

By Raffaele Redi

The results, released ahead of Game Developers Conference, indicate scepticism in the community

A range of NFT icons illustrated on golden tokens, featuring a cat, a football, a star, a robot and spectacles, on a blue background                                 
The largest game NFT platform, Axie Infinity, has recorded $3.81bn trading volume to date – Photo: Shutterstock
                                

Despite growing interest in cryptocurrencies and NFTs it appears games developers are sceptical about digital tokens.

According to the Game Developers Conference, which released the results of its 10th annual State of the Game Industry Survey, seven out of ten game developers are not interested in the implementation of non-fungible tokens.

The result is bound to disappoint NFT investors, as some analysts have been betting on utility and game NFTs to expand the market of non-fungible-tokens in the future.

“This past year has seen some struggles and surprises,” the survey researchers said. “It’s a time of growth and change – but if there’s one thing to know about game developers, it’s that they’re always up to the challenge. 

“We found developers are working to improve accessibility in gaming; they’re mixed on the viability of Steam Deck; and they have questions about bringing cryptocurrency or non-fungible tokens (NFTs) into the gaming sphere.” 

The survey                                      

The survey was completed by more than 2,700 game developers about their work and the industry.

While the majority – about 70% of developers – said that they and their studio were not interested in cryptocurrency as a payment tool or in NFTs, 27% of developers were said to be at least somewhat interested in cryptocurrency and 28% at least somewhat interested in NFTs.

Game NFTs

Meanwhile, crypto investors have had their eyes on blockchain games over several months, with the largest platform, Axie Infinity, recording $3.81bn trading volume to date.

According to DappRadar, the platform’s nearly 1.5 million users have generated 11.5 million sales since the platform was created by the Sky Mavis network, operating through both ether and Ronin (RONINGMZ) coins.

Axie Infinity’s recent impressive performance in terms of NFT sales, according to Dapp Radar, followed two major announcements by the creators. Axie Infinity was top-rated as a result of its new Builders Program that gives developers freedom to create new tools and spin-off games featuring Axie characters. Players also have a new option to “release their Axies into the wild”.

Other major platform for NFT games are Decentraland and The Sandbox.

Further reading

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