75% of all GameFi projects shut down - CoinGecko
Five years since GameFi's inception, about 2,127 of the 2,817 projects in this area have failed, or about 75.5%.
Anyway, three of the four Web3 games became inactive.
Following the success of CryptoKitties in late 2017, P2E games have become popular in the crypto community, resulting in 422 Web3 games launched already in 2018, with 307 of them crashing.
As of today, GameFi's development and interest has slowed amid a bear market, with the percentage of closed startups exceeding 94%.
Since the beginning of 2023, 509 games have already failed, which is 70.7%. In July this year, Google announced plans to integrate GameFi projects into its app store for Android devices.
Play2Earn is an interesting direction, it will show itself on the bull.
