Coingecko: A total of 2,127 Web3 games "failed" in the past five years, accounting for 75.5% of the total launches

According to Coingecko's statistical data on November 29th, since the emergence of the GameFi sub-market in the past five years, about 2127 Web3 games have "failed", accounting for 75.5% of the 2817 Web3 games launched. That is, 3 out of 4 Web3 games are inactive.
Coingecko believes that when a Web3 game's 14-day moving average active user count drops 99% or more from its peak, it will be defined as an inactive game. From 2018 to 2023, the average annual failure rate of Web3 games is 80.8%.