Telegram has emerged as a prominent platform for web3 game development, hosting 21% of all new web3 game launches in 2024, according to a comprehensive report from Game7. The findings shed light on the evolving landscape of blockchain gaming, underscoring Telegram’s pivotal role in fostering innovation and collaboration in the space. George Isichos, core contributor to Game7, stated in an interview with GamesBeat:

“As we approach 2025, the crypto and web3 gaming ecosystem is poised to make a significant impact. Our research aims to equip stakeholders across all chains, genres, and platforms with the insights needed to cut through the noise and focus on the most promising opportunities for the year ahead."

Game7 State of Web3 Gaming Report 2024

About Game7

Game7 is a web3 gaming ecosystem created to accelerate the adoption of blockchain-enabled game economies. The Game7 community helps shape capital allocation decisions, define gaming standards, and fund open-source software. Game7's mission is to make the future of GameFi business models sustainable by ensuring the interests of players and developers are aligned. George Isichos added:

"At Game7, we want to make a difference, not only by providing crucial research but also by working hand in hand with the best teams willing to tackle the most exciting challenges through our developer program.”

2024 State of Web3 Gaming Report

Game7 analyzed over 2,500 blockchain games, 1,500 funding rounds, and 100 blockchain ecosystems to provide a detailed snapshot of the current web3 gaming environment. The report highlights several trends and challenges shaping the industry:

Growth in Gaming-Focused Blockchain Ecosystems

The report identified 104 new blockchain networks announced in 2024 through Q3, outpacing the 252 new game announcements during the same period. However, game announcements have declined by 36% compared to 2023, reflecting a potential recalibration in the market.

Immutable and Arbitrum Lead the Pack

Immutable emerged as the top blockchain gaming ecosystem with 181 announced titles, representing 71% year-over-year (YoY) growth. Meanwhile, Arbitrum saw a 68% YoY growth, driven by innovations like the Orbit Framework, which enabled 23 new web3 gaming networks.

Regional Contributions

Asia Pacific teams contributed 39% of the new web3 games in 2024, outpacing the U.S., which accounted for 36%. Despite this, U.S.-based teams still maintain a dominant presence, comprising 27% of all web3 games.

Playability Challenges

A critical issue identified in the report is the "playability gap." Only 45% of web3 games are currently in a playable state, and just 34% have fully integrated blockchain technology, suggesting room for development in user accessibility and technological adoption.

Over 90% of New Web3 Games this Year Came form Indie Teams

Telegram’s Growing Influence

Telegram's share of 21% in web3 game launches underscores its significance as a development hub in the blockchain gaming ecosystem. The platform’s flexibility, community engagement tools, and support for decentralized projects make it a favorable choice for game developers seeking to tap into the web3 space.

According to George Isichos, a core contributor to Game7, the web3 gaming ecosystem is on the cusp of making a broader impact. The research aims to help stakeholders navigate the evolving industry by identifying promising opportunities and addressing existing challenges. Game7 also supports developers through its programs, aiming to drive innovation and tackle key issues like the playability gap.

Telegram Hosts 21% of Web3 Game Launches in 2024

Final Thoughts

Game7’s report paints a nuanced picture of the web3 gaming landscape, where rapid growth in blockchain ecosystems contrasts with declining game launches and persistent playability challenges. Telegram’s role as a development platform reflects broader trends of decentralization and innovation in the sector. As the industry moves toward 2025, these insights will be crucial for developers, investors, and stakeholders aiming to capitalize on web3’s potential.

Source: GamesBeat