70% of Web3 Games Failed in 2023, According to CoinGecko

70% of Web3 Games Failed in 2023, According to CoinGecko

In the rapidly evolving world of blockchain and cryptocurrency, the failure of Web3 games highlights the inherent challenges in the sector. Web3 games, despite their initial hype, have seen a major decrease in daily active users (DAUs), according to data from CoinGecko. This downward trend suggests that the current business model of these blockchain-based games, which often involve high entry costs and complex gameplay, might not be sustainable in the long run. Developers and investors should take note of this situation and potentially rethink their strategies to foster a more inclusive and user-friendly environment that can attract and retain a larger audience.

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