小白指南

Has everyone recently felt that there are many fewer new project pushes? It’s not as lively in Discord as it used to be, but this is not an illusion. By the end of this year, web3 is indeed experiencing a significant wave of project reductions. I dug into the data and found that the signals behind this are also worth pondering.

1. The projects are really shrinking.
1. Blockchain games have become a hard-hit area, with 17 well-known blockchain games announcing shutdowns by 2025, including Ember Sword, which raised over $200 million, and Rumble Kong League, supported by Curry, making it a 'cyber graveyard.'
2. Financing has plummeted sharply, with web3 game investment crashing by 71% in the first quarter, leaving only $91 million, as capital clearly flows towards new tracks like AI and RWA.

Recently, it feels like there are fewer updates on new projects in Twitter and Discord? It's not your illusion! In 2025, the Web3 industry is indeed experiencing a wave of 'project production reduction', especially in the blockchain gaming sector, which can be described as a 'cyber graveyard'—17 well-known games have announced shutdowns! As a frequently updating Web3 novice blogger, I've quickly organized the core data and underlying logic to help everyone avoid pitfalls and see the trends clearly👇
🔍 The real reasons behind the shutdown of 17 games
Funding chain breakage becomes a fatal injury​
In the first quarter of 2025, investment in Web3 games plummeted by 71%, leaving only $91 million, with investor interest shifting towards AI and RWA (real-world assets), making financing for blockchain games increasingly difficult.