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Over 90% of Crypto Gaming Projects Are Dead
A new report summary by Dean Takahashi of GamesBeat has uncovered the alarming state of the web3 gaming industry, also known as GameFi. The analysis reveals that 93% of projects in this space are effectively “dead,” underscoring the challenges of sustaining momentum in one of the crypto sector’s most hyped arenas. Despite the bleak statistics, the findings offer a nuanced perspective on the sector's past growth, current struggles, and potential for future reinvention.
ChainPlay analyzed more than 3,200 GameFi projects to assess their status and performance. A project was classified as "dead" if its token price had declined by over 90% from its all-time high (ATH) and if fewer than 100 users engaged with it daily. Data for the study, collected in November 2024, was sourced from Dune Analytics, DappRadar, and ChainPlay's internal database. 0 reply
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