Crypto Gaming Collapses as Funding Dries Up

Crypto gaming's boom has faded in 2025, with many games shutting down as venture capital funding dried up, according to Decrypt's reporting. Developers of shuttered titles often cited a lack of funding, and Robby Yung, CEO of investments at Animoca Brands, said "Venture capital funding in gaming has been dry for years." Chris Heatherly, former CEO of Great Big Beautiful Tomorrow, said crypto funds stopped deploying and writing checks in mid-to-late 2023, and that The Mystery Society shut down in February due to lack of funding. Gunzilla Games' GUN token was down 89% from its March all-time high as of December 15.