If you think every web 3 game studio is going to "crash and die" then avoid the space. If you think no-one wants to play some of the studios existing games then you're flatly wrong, go check out the Oh Baby Games discord, I'm sure there are plenty more I'm just not deep in the gamefi trenches.
All crypto projects (from BTC to the newest alts) are / were essentially micro-cap start-ups at inception. If you're not building and you want something to succeed, the best thing you can do is invest early when the project needs capital / liquidity / attention.
There are obvious grifts, but how is this different to the internet in the 1990's? Everyone I know is looking for novel defi / raw / socialfi / ai / gamefi / etc projects to back because of course you want to be in early and make money, but they are looking for projects they actually want to use. If someone offered you equity in Facebook in 2005 would you have said "nah, seeding internet start-ups is just gambling on group psychology"?
Even memecoins, which are pure gambling for attention, serve a utility purpose in bringing liquidity to a now fractionalized multi-chain ecosystem. Serious defi founders know this - in 2021 they used NFTs to build community and onboard new users to financial derivatives, lending, yield farming, etc. Today it's memes - if you don't think they serve the chain study Solana and WIF.
I don't know your crypto leanings, but your post sounds a lot like what I hear from cynical BTC maxis who are ironically now building out their own NFT and L2 eco.
You do you, but the chats I'm in are all genuinely excited about projects and teams that can create meaningful utility for end users, and there's a level of curiosity, support, transparency and hard work that I haven't see in crypto before.