Report: 93% of GameFi projects have died, with an average project lifespan of only 4 months

2024-12-06 12:02:44

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ChainCatcher news, according to the latest analysis report from ChainPlay and Storible, the GameFi industry is showing a high failure rate and short lifecycle in 2024, with approximately 93% of projects considered failures, and token prices averaging a 95% drop from historical highs, with an average project lifespan of only 4 months.

Despite this, some venture capitalists like Alameda Research achieved returns as high as 713.15%, but 58% of investors also faced significant losses. The total financing for GameFi in 2024 reached $859 million, a year-on-year decrease but with a 44% increase in financing rounds compared to last year, reflecting investors' increased focus on high-potential projects.

The report states that the GameFi industry needs to shift from speculative frenzy to sustainable development, aiming for long-term success by extending project lifecycles and building value-driven ecosystems.

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