Coingecko's analysis unveils a startling trend in the Web3 gaming industry: a staggering failure rate. Between 2018 and 2023, 2,127 out of 2,817 launched Web3 games failed or became inactive. 2019 and 2020 saw failure rates above 94%, but 2021 showed some promise with a reduced rate of 45.9%. Despite a surge in 2023 launches, the sector's stability remains uncertain, highlighting the challenges in sustaining success in this volatile domain.
