ChainPlay has studied returns on all the Web3 gaming investments.
ChainPlay has studied returns on all the Web3 gaming investments.
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93% of Web3 game projects are dead | ChainPlay

  • Posted byby Dean Takahashi
  • Updated
  • 4 min
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ChainPlay reported today that 93% of GameFi projects (the fusion of gaming and decentralized finance, or Web3 games) are dead.

But that doesn’t mean that the industry is kaput. Rather, a more complex narrative shows a rollercoaster of growth and setbacks that are common to over-hyped startup/finance bubbles.

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