The following article is an op-ed by Daniil Shcherbakov, Co-Founder at TonTon Games.
As 2024 comes to an end, the Web3 gaming industry is still at a crossroads. Often touted as the future of gaming, with promises of true freedom for players, it has also become a graveyard for ambition — 75% of projects launched between 2018 and 2023 failed within a year.
And as the industry stands on the brink of 2025, hopes are high, but the cracks are hard to ignore. The market is holding its breath, awaiting this year’s statistics.
But before we speculate on Web3 gaming’s next chapter, it’s crucial to take a closer look at 2024 — a year that could signal evolution or underscore stagnation. Has the industry begun to adapt and mature, or is it doomed to repeat its mistakes, perpetuating its image as a high-risk gamble cloaked in hype?
The Endless Cycle of Rising and Fading Stars
One part of the story is that 2024 has indeed added another chapter to the graveyard of failed Web3 gaming p
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