The average lifespan of blockchain or Web3 games is just four months, according to a study by the ChainPlay platform. This conclusion was reached after analyzing 3,279 projects in this segment.
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- According to ChainPlay, achieving success in the Web3 gaming segment is very difficult. On average, 316 new Web3 games are launched each year, but 262 of them fail.
- 93% of the projects studied by ChainPlay are considered dead. The platform defines dead games as those with fewer than 100 active players per day and whose token values have dropped by 90% from their historical highs.
- On average, the token values in the entire Web3 gaming segment have plummeted by 95%.
- Individual investors gained an average return of 15% from participating in the IDO (Initial Decentralized Offering) of Web3 games.
- Venture investors earned more, with an average return of 66%. ChainPlay estimates that overall, 42% of venture investors made some kind of profit.
- The most successful investments were made by companies like Alameda Research (713.15% ROI), Jump Capital (519.11% ROI), Delphi Digital (490.5% ROI), Binance Labs (338.52% ROI), and 3Commas (267.29% ROI).
- In 2024, venture investors poured $859 million into Web3 games. This is 13% less than in 2023 and 84.6% less than the record-breaking 2022.
- However, compared to the previous year, the number of deals between Web3 game developers and venture investors increased by 44% to 221 deals. Compared to 2022, it decreased by 38.2%.