More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan Gaming took 63% of all Web3 venture funding in 2022, but by 2025 its share had fallen to single digits as capital rotated into AI, real-world assets and layer-2 infrastructure.
More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan Gaming took 63% of all Web3 venture funding in 2022, but by 2025 its share had fallen to single digits as capital rotated into AI, real-world assets and layer-2 infrastructure.