HardcorePlaytoEarn

Why did @PlayWildcard fail? ($55M raised + $3M from the community) 🔸As someone who’s been involved with the community since the early days, here are my impressions: 🔸The team didn’t deliver on most of their promises: Over three years, they made many commitments, including a new NFT collection, game launches, listing dates, and delivered on very few. There was always something “big” coming next week/month, but it kept getting postponed. 🔸Lack of communication: The founders had almost no communication with the community for six months. 🔸Token economics & trust issues: The WC token was positioned as 100% community-owned, and users were encouraged to buy credits at events to gain exposure. The revenue was said to support liquidity, but over $3M was raised in more than a year, and most of it appears to have gone to the team. 🔸Endless delays: The listing date was repeatedly postponed. 🔸Misaligned incentives: Framing it as a fully community-focused token sounded good, but in practice, it meant the team had little incentive to prioritize it. 🔸No marketing or post-listing support: There was almost no marketing effort before the listing, barely any tweets, and no meaningful follow-up after. A month later, they announced the shutdown. 🔸I genuinely wanted Wildcard to succeed, but unfortunately, the team didn’t value the community or its feedback. In Web3, the community is the project; ignoring it means ignoring the foundation itself. We’ll see truly community-driven gaming projects succeed again.