Odaily News According to Coingecko’s post, since the GameFi concept was born, 2,127 web3 games have failed in the past five years, accounting for 75.5% of the total 2,817 GameFi launches. Among them, based on the number of failed Web3 games compared with the number of releases, the average annual failure rate of Web3 games from 2018 to 2023 is 80.8%. For the definition of failure, Coingecko determined that GameFi should be considered a failure if its average active users dropped by more than 99% from its peak over a 14-day period.