Game developers aren’t so hot on NFTs, the metaverse, or huge acquisitions
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Loading... - Amelia Martin
- 22 Feb 2023
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Ahead of the Game Developers Conference in March, the organizers of the event have released its annual State of the Industry survey results. Surveying 2,300 respondents, the questionnaire covered developer sentiment on a wide range of topics, including NFTs, unionization, the metaverse, and more.
As overall sentiment on NFTs cools amid continuous stories of fraud and scandal, the GDC survey reports only 23 percent of developers say that their studios are interested in Web3 technology — a slight decline from 27 percent last year. There does seem to be a marked decrease in NFTs and crypto in video games, as anytime a studio announces a Web3-based project, consumer backlash usually causes it to reverse course. Of the 2,300 respondents to the survey, 75 percent of them marked “not interested” when asked if their studio was interested in blockchain technology. When asked how their opinion on Web3 had changed from last year, 56 percent said they weren’t interested then and still aren’t now. Despite this clear lack of support, Square Enix seems to be one of the lone holdouts on this trend, doubling down on its commitment to NFTs in its 2023 New Year letter.
Companies like Meta are continuing to push forward their vision for a leg-filled metaverse, but the GDC survey says that developers already have a perfectly fine metaverse at home: Fortnite. When asked to rank which companies are most likely to deliver a true metaverse, 14 percent responded with Epic Games, double that of Meta and Minecraft. Despite this seeming approval of the crossover fanfiction generator disguised as a battle royale game, a majority of respondents expressed little faith in the metaverse overall. According to the press release announcing the survey’s results, “nearly half (45 percent) of respondents didn’t select any companies / platforms, instead stating that the metaverse concept will never deliver on its promise.” Read More…
