#稳定币发展 The 55% decline in GameFi funding looks pretty harsh, but I actually see it as a filtering mechanism. Projects that rely on incentive mechanisms and collapse once mining dries up should be eliminated.

What’s truly worth paying attention to is the rise of Web2.5 games—these projects treat blockchain as infrastructure, directly competing on product experience and real earnings, without forcibly pushing tokens. Studios like Fumb Games and Wemix are still steadily generating revenue, and the key is that their user base and retention are healthier.

The widespread adoption of stablecoins will accelerate this trend—small transactions, global payments, and reward mechanisms will become more convenient. For us, what does this mean? Opportunities shift from "mine and dump" to "long-term interaction + genuine experience." Projects that emphasize gameplay fun and have actual income models are worth investing time in deeply.

In the short term, funding data may look bleak, but in the long term, this is an inevitable step toward the maturity of Web3 gaming. Carefully selecting good projects and avoiding highly speculative traps is the right approach for us right now.