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    Home»Markets»Web3 gaming traders now not throwing cash at ‘Axie killers’
    Web3 gaming traders now not throwing cash at ‘Axie killers’
    Markets

    Web3 gaming traders now not throwing cash at ‘Axie killers’

    By Crypto EditorMarch 12, 2025No Comments4 Mins Read
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    Web3 gaming traders now not throwing cash at ‘Axie killers’

    The Web3 gaming {industry} is going through tighter funding situations as capital flows develop into extra selective, with traders prioritizing sustainable tasks over hype-driven fundraising.

    In February, Gunzilla Video games Web3 director Theodore Agranat described blockchain gaming as a “sport of musical chairs” wherein the identical capital cycles by way of completely different tasks and “no new cash” is available in. The manager additionally stated customers go from venture to venture to extract worth. After that, they depart and seek for the following venture.

    In the identical month, the much-anticipated Web3 sport Illuvium introduced a 40% layoff, demonstrating the necessity for groups to go “tremendous lean” in in the present day’s market. Sky Mavis co-founder and CEO Trung Nguyen introduced the same transfer in October 2024, chopping 21% of its employees to optimize its funds for upcoming tasks. 

    Regardless of these occasions, Web3 gaming professionals stated that capital nonetheless exists, and defined a few of the elements contributing to the industry-wide development.