93% of projects are dead, with an average lifespan of just 4 months: Web3 gaming bubble bursts, risks and hopes coexist.

A recent report indicates that Web3 games are undergoing a severe industry reshuffle, with 93% of projects having shut down, and an average lifespan of only four months. The report, jointly released by ChainPlay and Storible, analyzed over 3200 GameFi projects (games that integrate gaming with decen