WEB3 GAMING MASS EXTINCTION: 93% DEAD, $15B ERASED A brutal reality check hits GameFi. According to Caladan, 93% of Web3 gaming projects are now “effectively dead”—after burning through $15 billion in VC money The collapse in numbers: Token crash: Down ~95% from 2022 highs. Giants like Axie Infinity and Illuvium are shadows of their former selves Funding dried up: Investment into game studios has plunged 93% by 2025, as capital flees to AI and RWA Empty promises: Billions raised via NFTs and tokens… yet no finished games years later Broken economies: Many relied on new players’ money—when inflows stopped, ecosystems imploded Player exodus: Millions gone. Once-thriving worlds now nearly abandoned The verdict: Web3 gaming didn’t fail because of tech—it failed because it forgot one thing: fun #DailyOrbit #CoinMoveAlert $BTC $ETH $SOL $XRP