During my lunch break, I went back to check a few blockchain game pools again, and it feels like the playbook is pretty much the same: in the early stage, the rewards are pushed really hard, and the output depends entirely on issuing new coins. Players collect and sell at the same time. The TVL looks decent, but the capital flow is actually running out. Put simply, inflation isn’t being picked up by demand, so the pools turn into a “who can run faster” competition. The more subsidies there are, the more hollow it becomes. In the end, once liquidity gets pulled, everything collapses.
Recently,
View Original