Gacha-style collectible platforms are some of crypto's largest revenue generators.

$266m in cumulative net revenue between Collector Crypt and Courtyard.

Collector Crypt did just under $16m in June, up 75% month over month. Courtyard cleared $20m+ in June and again in July.

The upward trend reflects growing product-market fit. But how much of this growth is durable, and how much is cyclical?

DWF Ventures explores the topic in their latest piece: https://x.com/DWFVentures/status/2088249290862760130?s=20