Data: 58% of game studios have begun to adopt blockchain technology, and 47% use NFT as game assets

The new study, conducted by insight agency Opinion with the support of the blockchain Stratis platform, surveyed 197 video game developers in the United States and the United Kingdom. According to the survey results, 58% of developers have begun to use blockchain technology, while 47% of developers have begun to use NFT as game assets.

Although blockchain games have not really entered the mainstream and have not yet been tested by time, most of the game studios participating in the survey said that they are confident in blockchain and NFT, as two-thirds of the studios expect that blocks will be ubiquitous in the gaming industry in the next two years. Among them, 64% of the developers surveyed said that blockchain technology will shine in video games in the next two years; 53% believe that NFT will become a household name by then.

Not only that, game studios have also expressed their interest in deploying blockchain technology and NFTs in their projects. Among them, 72% of the studios surveyed said they were considering using blockchain technology and deploying NFTs in upcoming games, while 56% of the studios said they were planning to deploy NFTs as in-game assets within the next year.

When talking about this topic, Chris Trew, CEO of Stratis, said: "At present, some well-known platforms such as Epic have begun to show great interest in blockchain-based games and NFTs. We certainly hope that those top studios will launch games using these technologies in the next few years, but there will definitely be many independent game developers who will seize the opportunity."

Chris Trew, CEO of Stratis, explained in an interview that blockchain technology, tokens, and NFTs are key technologies for new digital worlds and gaming experiences. He said: “They allow players to have a stake in the games they play, such as buying land in a Metaverse game like NFTs or buying a car in a racing game.”

“In the past, games have always been pay-to-play games, where the value lies only in the company and the platform. But now, blockchain and NFTs will change that,” Trew added.

According to the study, 61% of game studios said it could provide better gameplay, while 55% believed that players could store their assets in the game through blockchain technology, which would ensure their value. In contrast, 54% believed that rewarding players with real-world value was the most important use of blockchain technology in games.

While independent game developers are the first to get involved in the blockchain and NFT space, with about 20 of them working on the Stratis blockchain, Trew doesn’t think major developers, the AAA companies, will be far behind. Big names like Ubisoft and EA have expressed interest in the technology, and Epic Games has also welcomed blockchain games to its platform.

Game developers’ interest in blockchain centers around decentralized finance or GameFi (57%), play-to-earn models (46%), NFTs, which provide ownership of in-game items (44%), and in-game digital currencies (42%).

Trew commented that game developers will make money through the network effects of their games, or players will simply switch to games that reward them for their time. “Taking a passionate gamer and giving them the opportunity to join and have a stake in the game and be able to make money in the Metaverse just like they would in the real world is revolutionary.”

With the rise of NFTs and the huge success of Axie Infinity, the most popular blockchain game of all time, the “earn while playing” game model has begun to be promoted and has become the focus of the crypto and gaming industries this year.

At this stage, Axie has more than 2 million daily active users, becoming the first beneficiary of the "earn while playing" game concept and paving the way for the launch of subsequent such projects. At present, major game studios seem to have paid attention to this hot concept, and most studios have begun to accept cryptocurrencies. The field of "earn while playing" games is about to start on a large scale.

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