The post 9 out of 10 projects are abandoned appeared on BitcoinEthereumNews.com.

According to the 2024 report by ChainPlay, a company specialized in the analysis and evaluation of blockchain projects, the GameFi sector is said to be in great difficulty. Based on the findings, 93% of the projects in this niche have failed, with an average decline of 95% from their all-time highs. A total of 3,200 case studies were analyzed. Even investments in the sector have not been particularly profitable, putting investors on alert about its future in the GameFi landscape.All the details below. ChainPlay studies 3,279 projects in the GameFi sector ChainPlay, a well-known company in the crypto world, has recently publicly released its report on the current state of the GameFi industry in 2024. This sector, resulting from a hybrid between the world of gaming and that of decentralized finance, seems to be going through a phase of great crisis. After leading the rise of cryptocurrencies during the bear market of 2022, attracting billions of dollars in investment, the GameFi landscape now appears significantly worsened. Before delving into the heart of the topic, we present the methodology undertaken by ChainPlay in its research work. A total of 3,279 different blockchain game projects have been analyzed, thanks also to the collaboration of the partner company Storible. The information on the price of the respective project tokens comes from Dune Analytics, while the user data is obtained from DappRadar. A project is defined as “dead” if the price of the respective token has fallen by more than 90% from its all-time high and/or has fewer than 100 active users per day. The creation date of a project’s token and the date on which it began to meet the aforementioned criteria determine its duration. The data relating to the return on investment for venture capital and the annual fundraising data come from…

---

Filed under: News - @ December 15, 2024 7:24 am