PANews reported on December 6 that according to the latest analysis report by ChainPlay and Storible, the GameFi industry showed a high failure rate and short life cycle in 2024, with about 93% of projects considered failures, token prices falling 95% from their historical highs on average, and the average project life span of only 4 months. Despite this, some venture capitalists such as Alameda Research achieved a return rate of up to 713.15%, but 58% of investors suffered substantial losses. In 2024, GameFi's total financing amounted to US$859 million, a year-on-year decrease, but the number of financing rounds increased by 44% compared to last year, reflecting that investors are paying more attention to high-potential projects.
The report said the GameFi industry urgently needs to shift from speculative craze to sustainable development by extending project life cycles and building a value-driven ecosystem to achieve long-term success.
