India surpasses 26 countries globally in the adoption of play-to-earn games: Report

The popularity of play-to-earn games has skyrocketed since the inception of the pandemic and work from the home culture in India. Before the pandemic it was popular but during pandemic, it broke all records and the growth curve continued even today. As per the survey of Finder’s NFT Gaming Adoption Report, India topped the charts of play to earn games adoption out of 26 countries.

As per the report, roughly 33.8 per cent of users adopted play to earn games leaving behind. The actual numbers are expected to increase 1.3 times by the end of 2022, with the percentage of people in India expected to hit 44.7 per cent.

Here are the  key findings of the  survey:

  • 38 per cent of men surveyed said they’ve played a play-to-earn (P2E) crypto game before, men are roughly 1.3 times more likely than the 29 per cent of women who said the same
  • 50 per cent of men surveyed said they plan on playing P2E this year, compared to 40 per cent of women, meaning men will be 1.2 times more likely to have played NFT games by the end of 2022.
  • People aged between 18-34 years are most likely to play P2E at 42 per cent
  • NFT gaming is most popular in India, where 34 per cent of respondents say they’ve played a P2E game. The next highest percentage of P2E gamers is in Hong Kong (29 per cent ) and the UAE (27 per cent)
  • Percentage of those playing NFT games is expected to go from six per cent to 15 per cent by the end of 2022          
  • Men are more likely than women to say they’ve played NFT games, with an average of 17 per cent of men saying they’ve done so compared to 12 per cent of women globally. That gap is at its widest in Singapore, with 32 per cent of men saying they own cryptocurrency compared to 13 per cent of women.  

A lot of play to earn games stakeholders in India are taking initiatives to bolster the NFT and Web3 games scene in the country. Industry experts assume that the NFT gaming industry will be the key driver of the play to earn and it will have more and more users in the next couple of years.