**Web3 Gaming's wild ride through $BTC cycles: A stark reality check.** A new report from Caladan

reveals the sector's true evolution. Remember the 2021-2022 boom?

GameFi was dominant,

capturing almost 62.5%

of all Web3 VC funding. From 2020 through 2026,

a massive $12 to $15 billion

flowed into this space. But what's the landscape today?

Many projects show minimal activity.

Average token drawdowns

are a brutal 95%. Common patterns emerged.

Selling tokens and NFTs

long before actual gameplay. Overly ambitious "metaverse" roadmaps,

often years away from delivery. Play-to-earn models

reliant solely on new users. Years of development

without a finished product in sight.

A tough lesson for $ETH and $SOL gaming. #Web3Gaming #GameFi #CryptoMarket #VCFunding #Blockchain