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Interest in Blockchain gaming under water

by on06 May 2024

Despite getting tons of funding

According to an analysis by, investments in blockchain gaming have fallen by a staggering 72 per cent. Despite the setback, the sector still attracted substantial funding, reaching $1.4 billion.

Jonathan Merry, the CEO of BanklessTimes, provides a comprehensive insight: "The blockchain gaming industry grappled with numerous challenges in 2023, resulting in a significant investment decline. A key factor was the abandonment of existing blockchain games, either due to prolonged inactivity or a funding shortage exacerbated by the bear market's impact."

During the first half of 2023, a staggering 248 games were discontinued. This was followed by another 162 games in the second half, bringing the total to a disheartening 410 games. To put this into perspective, this accounts for approximately a third of all the games recorded by the portal.

In 2023, the largest group of discontinued games were listed across two or more blockchain networks. Of the single-chain games, BNB chain (formerly Binance Smart Chain) saw the highest number of discontinuations.

The numbers mentioned in the report can be found here.


Last modified on 06 May 2024
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