Anjali Sharma
GG News Bureau
NEW YORK, 16th Jan. According to the report issued on Monday, over 30 per cent of blockchain games were discontinued or canned in 2023.
According to data compiled by games.biz, out of the total of 1,318 blockchain games that have been announced since 2021 31 per cent or 407 games are discontinued or canned.
The report said “This means that either the developer has announced the project was cancelled or that there has been prolonged inactivity,”.
The list consists of 911 games, of which 334 are live and 577 are in development as of January this year.
The primary reasons given for the cancellation of blockchain-based games were funding constraints and changing market conditions.
The majority of the cancelled projects were smaller initiatives led by less experienced and underfunded teams.
It stated that 162 games that were discontinued in H2 2023, 17 per cent were classified as multi chain.
The report said single-chain games had high discontinuation rates.
According to the report, Binance’s BNB Chain was the most common network where developers abandoned their gaming projects, accounted for 11 per cent, followed by Polygon with 10 per cent.
Ethereum, Sui, and Solana each experienced a 6 per cent discontinuation rate.
One of the high-profile games that has been discontinued is ‘Goals’.
This game managed to raise an impressive $15 million in a seed round in 2022 and an additional $40 million in 2023.
The game has announced that it will no longer be integrating blockchain technology, the report mentioned.
