Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko.

Out of 2,817 games launched between 2018 and 2023, which were included in the study, only 690 of them still have a somewhat active player base.

CoinGecko defines a “failed” Web3 game as one where the 14-day moving average number of active users drops 99% or more from its peak.

More than 75% of Web3 games have failed over the last five years. Source: CoinGecko

While 2021 saw the highest number of blockchain games launched in a single year with 738 games, the following year — marred by major crypto collapses, saw the highest number of games…

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