The fourth annual survey conducted by the Blockchain Gaming Association shows a rise in C-suite executives, but other executives are on the decline.
As the popularity of the blockchain gaming industry grows, the top gaming executives are increasingly prominent, according to data from the Blockchain Gaming Association’s fourth annual survey.
The 2024 survey collated and analyzed data from 623 survey respondents from the Web3 gaming industry, and is the group’s largest survey to date. The respondents ranged from C-level executives to professional sports players.
While many things have remained the same since the 2021 annual survey, including trust issues and user experience as key factors hindering adoption, the 2024 survey shows that significant growth at the management level and the influx of gaming talent are ahead of industry experience. According to a report detailing the findings, 73.2% of respondents held senior management positions.
“Senior leadership is at an all-time high, with 46.7% of respondents holding founder, director or C-level positions – the highest proportion in four years.”
A growing C-suite
The report says the concentration of senior positions in the industry reflects “consolidation,” noting that funding is increasing and prices are slowing following the so-called “crypto winter” of non-fungible tokens (NFTs). Life.
However, the influx of talent from outside is one of the reasons why the leadership ranks have changed. More than half (52.5%) of respondents said that gaming is their area of expertise. This figure has increased significantly in 2023 (34.2%) and 2022 (39.2%). Those who considered themselves blockchain or cryptocurrency experts dropped to just 10.8%, down from 21% in 2022 and 2023 and 27.4% in 2021.
The Web3 gaming world is poised to enter the AAA gaming market by 2025, with Ubisoft, Square-Enix, CCP and others launching competitors and mainstream demand.
Static population
The blockchain gaming industry is likely to face many challenges as it pushes into AAA territory by 2025. The survey showed that respondents aged 18 to 24 years old made up only 6.1% of all respondents. This is consistent with the idea that Web3 is already so pervasive that it is difficult to develop future talent or attract young people.
The team also wrote: “Gender diversity remains a challenge.” Nearly 82% of respondents were male, and the number increased significantly at the highest levels of employment.
“Among the CEOs, founders, directors and C-level executives surveyed, 87.2% were male, while only 12.5% were female. This is a higher proportion of men compared to the overall survey population.”
