More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List.

As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development.

Blockchain Games Face High Discontinuation Rate

Out of the cumulative 1,318 blockchain games ever listed since the initiative’s launch in 2021, a significant 31%- equivalent to 407 games – now are categorized as discontinued or abandoned. This classification denotes official announcements of project cancellations or a prolonged period of inactivity.

Among the officially discontinued games, the most commonly cited reasons were attributed to funding challenges and market conditions arising from the crypto winter. Many discontinued projects opted for radio silence, ceasing operations without formal announcements.

In H2 of 2023, 17% of the 162 discontinued games were labeled as multichain, reflecting the growing trend of games integrating with two or more blockchains. When analyzing discontinued games based on single blockchains, BNB and Polygon emerged as the frontrunners, accounting for 11% and 10%, respectively. Ethereum, Sui, and Solana made notable contributions, representing 6%.

A notable shift occurred compared to the H1 2023 update, where Polygon surpassed Ethereum regarding the proportion of discontinued titles. While BNB maintained its status as the blockchain with the most games falling off, Polygon witnessed a surge, attributed partly to the increased number of discontinued games from projects like Sui, surpassing Wemix in discontinuations.

One standout case was the high-profile game “Goals,” which secured $15 million in a seed round in 2022 and an additional $40 million in 2023. Despite its substantial funding, Goals discontinued its integration with blockchain technology.

Emergence of New Blockchain Games

In Q4 2023, the Big List welcomed 65 new blockchain games. Among these, 11% embraced the multichain approach, signifying a continued trend of games integrating with