Web3 collapse accelerates as eight games fail this year
Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up.
Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up.
Yesterday, a hack hit “AI-powered web3 social platform and infrastructure” UXLINK, draining $11M in crypto from its multi-signature wallets.
Thousands of web3 and crypto games have launched over the past three years that now have zero average daily users.
Killer Whales is billed as ‘Shark Tank for Web3,’ but the judges it’s chosen have enjoyed far from spotless crypto careers.
Amid falling returns and billions lost to scams, it’s becoming increasingly difficult to take a16z’s claims about web3 seriously.