Unsurprisingly, #Web3 has an astronomical failure rate. 65% of crypto projects have died in 2023, according to this report. It also says that 72% of crypto projects "born in the 2020-2021 (bull run) have died." Not so much 'to the moon' as 'to the morgue'! https://alphaquest.io/blog/dead-coins-report-2024/