4 thoughts:
1. Industry that measures it's successful product runs in weeks is asking itself "why aren't we doing the numbers of a 30 year old brand?" 

2. Incentives are borked and projects cannibalize their own momentum chasing the pump. 

3. Look at Magic the Gathering purposefully killing off speculator market to ensure longevity in the 2000s. I can't think of a crypto project that has had the vision to do this.

4. Steam begrudgingly gives you family sharing. Amazon has sold me 100s of books that can neither resell nor lend. Nintendo, Marvel et al don't benefit from having open economies. So the brands that have done the work to build up the user base don't really benefit from adopting the crypto.

dumb question:

why aren’t there more onchain card games?

pokémon’s card game is making $5M *a day*, and that’s just from buying—trading isn’t even enabled

letting users create, mint, and trade cards isn’t as sexy as metaverses, but it’s the perfect case for onchain economies

david phelps

4 thoughts:
1. Industry that measures it's successful product runs in weeks is asking itself "why aren't we doing the numbers of a 30 year old brand?" 

2. Incentives are borked and projects cannibalize their own momentum chasing the pump. 

3. Look at Magic the Gathering purposefully killing off speculator market to ensure longevity in the 2000s. I can't think of a crypto project that has had the vision to do this.

4. Steam begrudgingly gives you family sharing. Amazon has sold me 100s of books that can neither resell nor lend. Nintendo, Marvel et al don't benefit from having open economies. So the brands that have done the work to build up the user base don't really benefit from adopting the crypto.

https://x.com/divine_economy/status/1857661655846359159

Founder, designer, & product guy at /basepaint and /eigenlayer

Love this! As a community, we place a lot of value on TVL, transaction volume, and dopamine-inducing pumps. Building long-term value isn’t our thing—at least not yet.