A recent study conducted in the United Kingdom revealed that 58% of 197 game studios are starting to use blockchain technology, and 47% of them plan to incorporate NFTs. Most studios expect blockchain to become an important feature in the gaming industry in the upcoming two years.
Chris Trew, the CEO of blockchain platform Stratis, the company commissioning the survey, shared his feedback regarding the technology, NFTs, and tokenization:
The survey indicates that there are three major benefits from using blockchain technology: innovative gameplay (61%), securing value for players by keeping money in the game (55%), and rewarding players with real-world value (54%).
Considering blockchain capabilities, game developers are mainly interested in decentralized finance (DeFi) or GameFi (57%) – combining DeFi and NFTs to offer players financial rewards to play and progress. Play-to-earn economic models were at the top of the list (46%), followed by NFTs that provide ownership of in-game items (44%) and, in the end, tokenization – introducing an in-game digital currency (42%).
Jean-Philippe Vergne, Associate Professor at UCL School of Management, shared his opinion on the research: