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More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan

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Published 2026-04-23 13:02 UTCUpdated 2026-04-23 14:14 UTC
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GameFi is effectively dead as 93% of projects collapse
Crypto.News · News · crypto.news · 2026-04-23 14:14 UTC
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Overview

Roughly 93% of GameFi projects are now effectively dead, as tokens plunge 95%, user counts flatline, VCs pivot to AI and RWAs, and even Animoca trims pure gaming bets.

Score total
1.32
Momentum 24h
3
Posts
3
Origins
2
Source types
2
Duplicate ratio
33%
All evidence
All evidence
GameFi is effectively dead as 93% of projects collapse
Crypto.News · crypto.news · 2026-04-23 14:14 UTC
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