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Event ends: August 9, 16:00 UTC
More details: https://www
In the Web3 gaming sector, the value of tokens continues to fall. Many projects that previously attracted large investments are now trading at a value far from initial estimates. The market capitalization of some gaming assets has fallen to almost 0, although they used to be supported by large funds and venture capitalists. This does not indicate a temporary correction, but a complete revaluation of the sector.
According to Tokenomist, the situation is particularly dire for a number of popular projects. Thus, the coin GUNZ raised $82 million, but its current market capitalization is only $36.2 million. MYTH has seen a dip from $281 million to $115.3 million. The project SIPHER has dropped from $44 million to $5.2 million. AVG is worth only $800 thousand compared to the $27.2 million raised. AURY has depreciated from $108.8 million to $8.4 million. Losses range from 70% to 97% of the initial valuation.