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Claiming that Gacha platforms are nothing but repackaged gambling is wrong.
I get why you’d think that. I had the same feeling in the beginning too. But when I understood it actually wasn’t, that was the moment I tripled down on liquid $CARDS and doubled down on @Beezie privately.
1) Onchain user behavior tells the opposite story, see @Blockworks data attached. If everyone was just using these platforms for the gamble, the percentage of users keeping their cards should be close to 0%. Instead, it’s around 35% for Collector, and private Beezie data I’ve reviewed suggests it’s even higher. This clearly shows there are real collectors on these platforms chasing specific cards they actually want to keep. The other 65% are likely just lower tier cards nobody wants.
2) Gachas and claws are essentially nothing but the digital, higher priced version of physical packs. Would you say opening physical packs is gambling? While it obviously gives you those dopamine hits, most people wouldn’t consider it gambling but rather gamification. The same applies to platforms like Collector and Beezie. Collectors want to collect, and they want to have fun doing it. The numbers speak for themselves on how much fun they’re having.
3) Thinking beyond their digital pack experiences, the tokenization infrastructure of these platforms and their marketplaces are the perfect example of how blockchain rails can disrupt traditional markets and improve them by one to two orders of magnitude. Every collector knows the pain of high fees, slow shipping, unnecessary customs taxes, painful counterfeiting and a market that is clearly limited by borders and global inaccessibility. Onchain alternatives solve all of this.
4) The only reason onchain alternatives haven’t replaced their broken competitors like eBay and Goldin yet is distribution and liquidity. As we all know, this takes time, and the Gacha and claw mechanic is the perfect catalyst to accelerate the migration of card supply onchain. This will create a reflexive positive feedback loop: as more supply moves onchain, traditional collectors will eventually be forced to follow, simply because that’s where the better selection and better deals will be.
Could talk about this all day, but I think the message is clear. Don’t be the midcurver putting onchain collectible platforms in the wrong bucket just because you feel like the train has already left the station.
It hasn’t. Not even close.