ChainPlay, a company specializing in blockchain project analysis, has released a report on the struggling state of the GameFi industry in 2024. The report reveals that 93% of GameFi projects have failed, with an average decline of 95% from their all-time highs. The study analyzed 3,200 case studies and found that even investments in the sector have not been profitable, raising concerns about the future of GameFi. The average duration of a GameFi project is only 4 months, indicating difficulties in building sustainable gaming ecosystems. Retail investors saw an average profit of 15% from decentralized initial offerings (IDO), but this is not significant considering the overall drop in token prices. Venture capitalists had polarized returns, with some earning profits of up to 1950% and others experiencing losses of up to -98.8%. Top VC investors include Alameda Research, Jump Capital, and Delphi Digital, while Golden Shovel Capital and Infinity Capital had the least productive funds.



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