

CryptoBalraj
12.3K posts






















GameFi has probably been the worst vertical we have ever tried in crypto. Just a few prominent examples: @GUNbyGUNZ / $GUNZ: raised more than $82M (plus some undisclosed rounds), currently trading at $118M FDV, down -89.7% from ATH @playSHRAPNEL / $SHARP: raised more than $57M, currently trading at $5M FDV, down -99.6% from ATH @PirateNation / $PIRATE: raised more than $33M, currently trading at $6M FDV, down -98.7% from ATH @staratlas / $ATLAS: raised more than $13M, currently trading at $10M FDV, down -99.9% from ATH Many such cases, they basically look all the same. Massively overvalued and overfunded rounds, VC circle-jerk cap tables, horrible tokenomics, weak products, maximum value extraction, and close to zero real value created. Pretty much everything that could be done wrong, GameFi managed to do wrong.



