CoinGecko: 75% of web3 games over last five years have failed
CoinGecko’s study reveals a high failure rate in the Web3 gaming sector, with 75% of games launched in the past five years becoming inactive. A recent CoinGecko study has disclosed that a staggering 2,127 Web3 games, or 75.5% of the total 2,817 launched, have failed in the last five years. This alarming statistic is further accentuated by an average annual failure rate of 80.8% from 2018 to 2023, underscoring the concerning stability of these gaming ventures. Ever wondered how many Web3 games have failed ? Our study shows that approximately 3 out of 4 Web3 games have become inactive in the five years since the emergence of the GameFi niche. Read the full study: https://t.co/qxcJ979Pky pic.twitter.com/qgM2eVjxnB — CoinGecko (@coingecko) November 29, 2023 You might also like: Forbes publishes ‘Under 30 Wall of Shame’ with Sam Bankman-Fried, Caroline Ellison and Martin Shkreli on list 2021 had a lower failure rate of 45.9%, which can be attributed to the bull ...