GameFi needs to evolve and soon.

While the tokenomics of various projects is a significant factor (e.g. the number of coins in the game), others such as funding and game quality are also critical, with most games falling short of the quality of Uplands, Axie Infinity (there are some such as LifeBeyond that looks promising soon )

It's been more than a year since GameFi started, and from a rapid increase in users in the last quarter of 2021, it began to decline in early 2022, with a significant drop in February.

With a global base of 3 billion gamers who have failed to make the transition to Web3 and the short lifespan of most GameFi projects, it is crucial to ask how the industry can become more sustainable in the future.

Projects that develop quickly usually sacrifice quality
GameFi is a mixed bag, and there's no shortage of fork projects hoping to make an easy buck. 70-80% of GameFi projects on the market are inactive, with an average of 200 users per day for five consecutive days. Although 80% or more of projects launched in 2022 were active within 30 days of launch, the data suggests they don't last long.

Data shows that 60% of projects die within 30 days of activation, and few projects have been active for more than three months since last November, suggesting that most projects don't actually survive long in this tough market.