The survey revealed that a significant portion of gamers is driven by the prospect of crypto earnings in Web3 environments.

Coda Labs has sponsored a study The Global Web3 Study to investigate gamers' perspectives on cryptocurrency, NFTs, and the blockchain gaming sector. The research, also conducted with assistance from the data platform WALR, delves into whether the prevailing opposition among some gamers to Web3 reflects a genuine dislike or if these concerns stem from viewing blockchain gaming as an unwelcome innovation.

The findings disclosed that investments in blockchain gaming soared to $5 billion in the first half of 2022. Various investment firms and tech companies are rapidly channeling funds into startups focused on Web3 gaming and the metaverse, indicating a strong belief in the future of technologically advanced gaming. Nonetheless, a segment of gamers still appears lukewarm towards Web3 gaming, citing several drawbacks. The investigation spanned June 2022 and involved 6,921 gamers, ranging from casual players to both crypto enthusiasts and those uninterested in crypto, from the U.S., U.K., Brazil, South Africa, and Japan. Those heavily involved with cryptocurrency were found to be five times more likely to play games than those who aren't. On a satisfaction scale from 1 to 10, casual gamers rated their feelings towards crypto at 4.5 and NFTs at 4.3. In contrast, crypto gamers showed higher enthusiasm, rating cryptocurrencies at 8.1 and NFTs at 7.5. However, average sentiments for both emerged as neutral, with scores of 5.2 for crypto and 5.0 for NFTs.

Responses varied significantly based on geographic location. Participants from Brazil and South Africa displayed a more favorable view of cryptocurrency, scoring 7 and 6.9, respectively, whereas Japanese respondents were less enthusiastic, scoring just 3.7.

A notable 29% of those surveyed reported owning Bitcoin, and 13% held Ethereum. Interestingly, there's a surprising interest among gamers in Dogecoin, with 8% being owners. A quarter had explored cryptocurrency within the past six months, while 15% made purchases during the same time frame.

In sharp contrast, only 3% of traditional gamers claimed ownership of even a single NFT. This figure is significantly higher among the crypto-savvy individuals, where 62% of non-gaming crypto holders and just under half (46%) of crypto gamers reported having NFTs. Notably, a majority—75%—of NFT owners in the survey possess game-related NFTs.

Gamer awareness of crypto and NFTs

Key Insights from the Web3 Gaming Report:

Crypto gamers exhibit a broader gaming portfolio, participating in mobile, PC, and console games alike.

They are also more inclined to make in-game purchases compared to their traditional gaming counterparts.

• When discussing Web3 gaming, the concept of play-to-earn games is widely recognized among gamers. South Africa stands out with 53% of players aware of P2E games, contrasted by Japan's lower figure of just 10%.
• Gamers generally hold a favorable view of the Web3 gaming experience, rated at 7.1 out of 10 for regular players and an impressive 8.3 for cryptocurrency enthusiasts.
• The main advantage of Web3 gaming as perceived by players is the potential for crypto earnings, closely followed by valuable in-game assets.
• Gamers who have already played blockchain games Among the regular gaming crowd, only 6% expressed worries about the environmental footprint of cryptocurrencies, while 29% of those not engaging with crypto raised concerns regarding ecological issues.
• A lack of understanding and the absence of blockchain wallets are seen as the biggest hurdles preventing gamers from diving into the Web3 realm.
• Participants who have some knowledge of Web3 voiced heightened anxieties about the risks of scams. Other issues affecting blockchain gaming adoption included concerns that the entry costs were prohibitively high.
• Both traditional gamers and crypto enthusiasts showed a preference for similar types of games: Puzzle, Word, and Board games enjoyed popularity among 63% of gamers and 52% of crypto gamers. Action, Adventure, and Shooter games followed closely, with 44% of gamers and 67% of crypto players interested. Strategy games captured the attention of 37% of all gamers and 55% of crypto gamers.
• The findings underscore that Web3 gaming is far from achieving mainstream popularity, with numerous obstacles dissuading players from entering this market. Presently, the allure of earning cryptocurrency rewards serves as the chief motivation for players venturing into the blockchain gaming space.
• A report from Bain & Company highlights that younger gamers are rapidly adopting the metaverse.

The Sandbox has joined forces with Star Atlas to launch a competition, effectively creating two metaverses in one.

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• Agne is a journalist dedicated to exploring the latest trends and advancements in the metaverse, artificial intelligence, and Web3 sectors for Metaverse Post. Her enthusiasm for storytelling drives her to conduct a wealth of interviews with industry experts, always aiming to uncover compelling and engaging narratives. Agne holds a Bachelor's degree in literature and brings a diverse background in writing across various topics, such as travel, art, and culture. She has also lent her skills as an editor to an animal rights organization, where she raised awareness on animal welfare matters. Reach out to her at