๐Ÿšจ Harsh Reality of Web3 Gaming


According to Caladanโ€™s latest report:
$12 Billion+ was invested into Web3 gaming projects between 2020 and 2026
93% of that capital is now effectively dead ($11 Billion+ wiped out)
The majority of Web3 gaming projects have failed to survive.
A sobering reminder of how brutal the sector has been despite massive hype and funding.
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MintCondition
ยท 3h ago
Survivor bias: We only see Axie and StepN, but not the mountain of corpses behind them.
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WickHunter
ยท 5h ago
Where are the KOLs who hyped up the metaverse games in 2021? Step out for a bit.
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GateUser-9ccf7051
ยท 7h ago
So don't say "this time is different" anymore, it's always the same every time.
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ForkInTheRoadmap
ยท 7h ago
Players want fun, not tokenomics.
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MevTeaTime
ยท 7h ago
$11B evaporated, how many VCs are now playing dead
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ProofOfNap
ยท 7h ago
Those legendary P2E games from back then are now overgrown with three feet of weeds on their graves.
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KiteAndBlock
ยท 7h ago
93% wiped out, this number is even more brutal than I imagined
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MoonlightColdWallet
ยท 7h ago
Does the report mention what the 7% who survived did right?
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NonceCollector
ยท 7h ago
Spending money is easy, making products is hard; the tuition for Web3 gaming is too expensive.
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