Gamefi

 GameFI

This visual, sourced from the famous cryptocurrency tracking website Coingecko, provides an overview of the launch and failure of GameFi Projects (Gaming Finance) in the last five years.

Generally, each year the number of failed projects was less than but close to the launched projects. The only year the failed project was higher than the launched ones is 2022, with 693 new and 742 failed web3 games. On average, the failure-to-launch ratio is approximately 75%. 

In the downturn period from 2018 to 2020, there was a gradual decline in GameFi startups. It just suddenly surged in 2021 when the crypto market turned bullish. This year recorded the lowest percentage of failed gaming projects.

Overall, most GameFi will bankrupt in the first year of launching, and investing in this field is still a risky game.

031 - jaken - 30/11/2023