From bubble to bust: 93% of GameFi projects are dead ☠

— A Hard look at Web3, GameFi in 2024, 293#

Hey Friends, Greetings from Bangalore 💗

The Web3 gaming gold rush is over—what’s next for GameFi?

• 93% of GameFi projects are no longer active. The gold rush is over, and the survivors are few.

• 58% of VCs who invested in GameFi suffered losses between 2.5% and 99%. It's no surprise many have pivoted to AI-driven trends like autonomous agents.

• 88% of GameFi projects experienced token price drops of over 90% from their all-time highs (ATH). Hype-driven economies are no substitute for sustainable ecosystems.

What's next?

🚀 The future belongs to a project which focus on player experience, sustainable economies, and long-term value creation. The era of speculative, token-first projects is over.

🎯 Players want games first, with blockchain as the enabler—not the other way around.

Stats via Chainplaygg

What’s your take on the current state of GameFi? Let’s discuss!

tCARe, CARtic P
/ iCartic.com