Coingecko: In the Past 5 Years, 2,127 Web3 Games Have Failed, Accounting for 75.5% of Total Releases

According to a post by Coingecko, since the emergence of the GameFi concept, 2127 out of 2817 web3 games have failed in the past 5 years, accounting for 75.5% of the total number of GameFi launches. The average annual failure rate of web3 games from 2018 to 2023, based on the ratio of failed to launched games, is 80.8%. Coingecko defines a game as failed if the average active users drop by more than 99% from the peak within 14 days.