GameFi Dead? 3 in 4 Projects Have Failed
Around 2,127 web3 games have failed in the last five years since the GameFi niche emerged, representing 75.5% of the 2,817 web3 games launched. In other words, 3 out of every 4 web3 games have become inactive.
The average annual failure rate for web3 games has been 80.8% from 2018 to 2023, based on the number of web3 games failed compared to launched.