[Delphi Digital: GameFi Funding in 2025 Drops Over 55% Year-on-Year, Web2.5 Games Become New Growth Direction] BlockBeats News, December 30 – Delphi Digital stated in an article, '2025 is a challenging year for GameFi. Overall funding dropped by more than 55% year-on-year, and some highly anticipated projects underperformed upon launch, with market enthusiasm significantly cooling. However, taking a longer-term perspective, the overall situation is more complex. We are witnessing the quiet rise of Web2.5 games. These games treat blockchain purely as an infrastructure layer, often bypassing token design entirely and instead competing on real revenue and product experience. Studios like Fumb Games, Mythical Games, and Wemade/Wemix continue to generate substantial revenue while leveraging blockchain in different ways: to improve profit margins, enhance user engagement, or introduce new monetization channels. In contrast, native Web3 games, while generating millions of dollars (6–7 figures) in revenue this year, still have relatively small player bases, many of which are composed of bots. Once incentive mechanisms dry up, the fun of these games often disappears as well, though some teams are experimenting with new mechanisms to address this issue. Web2.5 studios are now able to fully leverage the advantages of blockchain without forcing users into speculation or making excuses for clunky user experiences. With the further adoption of stablecoins, this trend will accelerate. Microtransactions, global payment channels, and reward mechanisms based on user engagement will all become more convenient.'