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The blockchain gaming evolution will take center stage in 2025

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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 projects — even for those initially perceived as trusted and sustainable.

Take Dimensionals, for example, a project that initially embraced NFTs but eventually chose to abandon the Web3 model altogether. Or Shrapnel, which was once heralded as a promising venture but has destabilized its development trajectory by internal legal battles and abrupt team changes. Meanwhile, Illuvium, despite its ambitious plans to release three interconnected games simultaneously, is struggling with a core challenge — retaining and engaging players.

This is a familiar narrative for Web3. Time and again, the industry has been undermined by recurring pitfalls: u

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Author: Daniil Shcherbakov

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