Data company Coingecko conducted a survey on the failures in the GameFi sector and found that Web3 games gradually became popular after 2017 and experienced rapid growth in 2018. However, their development slowed down during the bear market from 2019 to 2020 and has once again risen in the crypto bull market of 2021. So far, the growth of this market seems to be becoming stable.
Is there still hope for the GameFi market? Coingecko reveals 3 out of 4 Web3 games have failed.