More than 75% of Web3 games have 'failed' in the last five years: CoinGecko
THE "failed" blockchain Games are those that to have seen their 14 days moving average number of active users down more that 99% Since It is pic.
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More that three quarters of all blockchain Games spear In THE last five years are dead In THE water, according to has A recent study Since CoinGecko.
Out of 2,817 Games spear between 2018 And 2023, which were included In THE study, only 690 of them always to have A somewhat active player base.
CoinGecko defines A "failed" Web3 game as A Or THE 14 days moving average number of active users drops 99% Or more Since It is pic.
More
that
75%
of
Web3
Games
to have
failed
on
THE
last
five
years.
Source:
CoinGeckoWhile 2021 saw THE The highest number of blockchain Games spear In A Single year with 738 Games, THE following year — spoils by major crypto collapses, saw THE The highest number of Games has sparkle out, with 742 fail In A Single year.
This puts THE average failure rate of Web3 Games has around 80% For any of them given year Since 2018, according to has CoinGecko.
CoinGecko note that years of lower failure neat has coincide with THE back of bull the steps, while upper failure years came towards THE to start of bear walk cycles.
Related:
THE "failed" blockchain Games are those that to have seen their 14 days moving average number of active users down more that 99% Since It is pic.
News
Join
We
on
social
networks
More that three quarters of all blockchain Games spear In THE last five years are dead In THE water, according to has A recent study Since CoinGecko.
Out of 2,817 Games spear between 2018 And 2023, which were included In THE study, only 690 of them always to have A somewhat active player base.
CoinGecko defines A "failed" Web3 game as A Or THE 14 days moving average number of active users drops 99% Or more Since It is pic.
More
that
75%
of
Web3
Games
to have
failed
on
THE
last
five
years.
Source:
CoinGeckoWhile 2021 saw THE The highest number of blockchain Games spear In A Single year with 738 Games, THE following year — spoils by major crypto collapses, saw THE The highest number of Games has sparkle out, with 742 fail In A Single year.
This puts THE average failure rate of Web3 Games has around 80% For any of them given year Since 2018, according to has CoinGecko.
CoinGecko note that years of lower failure neat has coincide with THE back of bull the steps, while upper failure years came towards THE to start of bear walk cycles.
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