The State of Web3 Gaming Report

At Game7, we are dedicated to advancing the Web3 gaming ecosystem, one meticulously researched report at a time. We've found that existing research is frequently skewed or biased: our mission is to develop research that is intellectually honest, objective and credibly neutral. 

Clean research and data will empower people to build and innovate with confidence. We share our reports to support builders, so decision making is better, easier, and faster. 

This report offers a comprehensive view of key ecosystem metrics that have evolved over the past six years. 

Through rigorous primary research methods, Game7 has captured, examined, and fingerprinted data from more than 1,900 blockchain games, 1,000 funding rounds, and 170 blockchain ecosystems. 

The report serves as essential reading for game developers, investors and blockchain enthusiasts. Feel free to share this report with anyone who wants to better understand the Web3 gaming space.

Areas of Insight from the Report: 

🪐Ecosystem - The Web3 gaming market has shown growth post the 2022 marketing correction.

🕹️Gaming Stack - Most Web3 games remain excluded from mainstream distribution channels. Web3 games primarily utilize blockchain for tokenizing assets, but maintain game state and logic off-chain.

🎲Gameplay - The Web3 gaming sector is predominantly comprised of indie-level and early-stage startups. There is a scant presence of AA and AAA titles. 

🧩Network Stack - Game developers mainly build on layer-1 networks, with EVM sidechains being the prevalent subtype. 

🤺Competitive Dynamics - In 2023, an all-time high number of Web3 games migrated to different networks, with Polygon, Immutable, and Arbitrum being favored destinations.

💵Investment - Funding for Web3 gaming stabilized in 2023 near 2021 levels prior to the bull market. 

Want to become a Game7 Citizen?

We are always looking for people to join us on our mission to accelerate the adoption of blockchain gaming. 

If you are interested in getting involved, please join our discord today.