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 <p class="is-style-lead">CoinGecko’s study reveals a high failure rate in the Web3 gaming sector, with 75% of games launched in the past five years becoming inactive.</p>
 <p>A recent CoinGecko study has disclosed that a staggering 2,127 Web3 games, or 75.5% of the total 2,817 launched, have failed in the last five years. This alarming statistic is further accentuated by an average annual failure rate of 80.8% from 2018 to 2023, underscoring the concerning stability of these gaming ventures.</p>
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    <p lang="en" dir="ltr">Ever wondered how many Web3 <a rel="noopener noreferrer nofollow" title="games" href="https://thebittimes.com/tag/games.html">games</a> have <a rel="noopener noreferrer nofollow" title="failed" href="https://thebittimes.com/tag/failed.html">failed</a>?<br><br>Our study shows that approximately 3 out of 4 Web3 <a rel="noopener noreferrer nofollow" title="games" href="https://thebittimes.com/tag/games.html">games</a> have become inactive in the five <a rel="noopener noreferrer nofollow" title="years" href="https://thebittimes.com/tag/years.html">years</a> since the emergence of the GameFi niche.<br><br>Read the full study: https://t.co/qxcJ979Pky pic.twitter.com/qgM2eVjxnB</p>— CoinGecko (@coingecko) November 29, 2023
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 <p>2021 had a lower failure rate of 45.9%, which can be attributed to the bull market. However, the number of <a rel="noopener noreferrer nofollow" title="failed" href="https://thebittimes.com/tag/failed.html">failed</a> Web3 <a rel="noopener noreferrer nofollow" title="games" href="https://thebittimes.com/tag/games.html">games</a> rose to 339, surpassing the figures of 2018​​. The market’s decline continued throughout 2022, which saw the failure numbers more than double, hitting a record annual high of 742 <a rel="noopener noreferrer nofollow" title="failed" href="https://thebittimes.com/tag/failed.html">failed</a> <a rel="noopener noreferrer nofollow" title="games" href="https://thebittimes.com/tag/games.html">games</a>, pushing the failure rate to an unprecedented 107.1%​​.</p>
 <p>As of 2023, 509 Web3 games have failed, accounting for 70.7% of the games launched this year. This decrease in the failure rate might hint at a potential stabilization in the Web3 gaming landscape​​. The overall blockchain gaming industry still saw increased investments in 2023, and the number of daily unique active wallets also increased in the third quarter. It shows that despite a record number of games failing, investors and users are still optimistic about the sector’s potential.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coingecko-75-of-web3-games-over-last-five-years-have-failed-tbt72078.html">https://thebittimes.com/coingecko-75-of-web3-games-over-last-five-years-have-failed-tbt72078.html</a></p>

CoinGecko: 75% of web3 games over last five years have failed

TheBitTimes

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