93% of Web3 Gaming Projects Are Now ‘Effectively Dead,’ Including Hamster Kombat
Crypto market-maker Caladan estimates that 93% of Web3 gaming initiatives at the moment are successfully useless. Roughly $12 billion in capital has been dedicated since 2020, with common token costs off 95% from their 2022 peaks. Published April 22, the examine is constructed on a ChainPlay evaluate of greater than 3,200 GameFi titles. It reads…