Crypto Gaming Sees Shakeup as Small Studios Struggle, Blockchains Proliferate, and Games Switch Networks
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Many crypto games stopped development in 2022-2023 due to financial troubles, especially small studios without funding.
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The number of gaming-focused blockchains spiked from 37 in 2022 to 53 in 2023, increasing competition.
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Most games use Ethereum-based networks, especially Polygon, but many are switching chains.
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In 2023, 65 games have migrated networks, up from 48 in 2022, often to reduce costs.
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Some studios also switched due to concerns over blockchain networks being too centralized.
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A few studios created their own custom blockchains to better monetize users.