Delphi Digital: GameFi funding has dropped by over 55% year-on-year this year, while Web 2.5 games are quietly rising in popularity.

PANews reported on December 30th that Delphi Digital stated, "2025 will be a tough year for GameFi. Funding has decreased by over 55% year-over-year. The most anticipated projects have underperformed, and market enthusiasm is low. But the overall situation is more complex. We are witnessing the quiet rise of Web 2.5 games. These games treat blockchain as pure infrastructure, often completely skipping the token stage and competing on actual revenue. Studios like Fumb Games, Mythical Games, and Wemade/Wemix are generating substantial revenue while utilizing blockchain in their own unique ways. Blockchain has improved profit margins, enhanced user engagement, or introduced new revenue streams. While Web3 native games have generated six- to seven-figure revenues this year, the player base is small and rife with bots. Once the incentive mechanism fails, the fun of the game disappears, although some teams are trying new models to address this issue."

Web 2.5 studios can now leverage the advantages of blockchain without forcing users to speculate or making excuses for poor user experiences. The adoption of stablecoins should accelerate this trend. Microtransactions, global payment channels, and participation-based reward mechanisms will all become more convenient.