Insights into Web3 Gaming Adoption: Elympics Research Findings
Recent research conducted by Elympics on nearly 1,000 gamers worldwide has shed light on the accelerating trend of Web3 gaming. The study indicates that social platforms, particularly Telegram, play a pivotal role in this transition, with financial incentives from compete-to-earn games driving engagement. This compelling data was presented in the global report titled “The Future of Web3 Gaming is Competitive” during the DoubleXP Gaming Night event at Token 2049 in Singapore, in partnership with the Blockchain Game Alliance (BGA) and the Web3 gaming platform PlayToEarn.
Key Survey Findings
- Daily Engagement: 79% of participants engage in gaming daily.
- Social Platform Preference: 54% prefer gaming through social media platforms, while 16% use mobile applications like FC Mobile or Brawl Stars.
- Barriers to Entry: 11% of those unfamiliar with Web3 gaming attributed their hesitation to the perceived complexity of cryptocurrencies.
These findings underscore the importance of accessible and user-friendly gaming environments as crucial elements in the widespread acceptance of Web3 gaming.
Motivations and Investment in Gaming
- Earning Potential: 42% of the respondents identified the opportunity to earn money as their main incentive for gaming.
- Enjoyment Factors: Compete-to-earn mechanics were favored by 65%, while community engagement attracted 14%.
- Financial Commitment: Half of the players (50%) have spent money on subscriptions or gameplay, 31% have invested in NFTs, and 29% have purchased in-game assets from free-to-play games.
For those not yet involved in Web3 gaming, primary challenges included the intricacies of crypto wallets and dissatisfaction with game quality.
Expert Perspective
Tom Kopera, COO of Elympics, shared insights at the DoubleXP Gaming Night, highlighting:
“The gaming industry is undergoing a revolutionary transformation thanks to blockchain technology. However, the onboarding process for Web3 games remains a significant hurdle for many dedicated gamers. Our research reveals that platforms like Telegram are facilitating this shift, alongside an increase in skill-based games with monetary rewards, marking the onset of mass player adoption worldwide. Players thrive on competition, and we are committed to developing games that cater to this desire. We envision blockchain gaming as a catalyst for turning mobile gaming into an integral and dynamic aspect of our digital lives.”
The study involved 928 global gamers and was conducted through Elympics Player Cockpit between September 7 and 10, 2024.
About Elympics
Founded by gamers with a commitment to the gaming community, Elympics is at the forefront of the Web3 transformation. The platform focuses on creating a decentralized and competitive gaming experience for players globally.
By prioritizing player engagement, Elympics pioneers the “Compete-to-Earn” model, enabling transparent competition and financial rewards within games. The platform offers features like walletless onboarding and gasless transactions, facilitating easy access while ensuring fair reward distribution with robust security measures.
For developers, Elympics provides a comprehensive toolkit to simplify the creation of Web3 games, allowing them to integrate real-money competitive elements for a richer gaming experience. Furthermore, our open-data protocol is set to inspire a new generation of decentralized applications (dApps) and Value-Added Services, leveraging gameplay data and player performance insights.
At Elympics, we believe the market is poised for rapid growth led by Compete-to-Earn games that are simple to understand, challenging to master, quick to develop, and accessible on any device.