Thesis:
- Fully built out P2E game
- Recently doxxed and committed dev
- A legitimate (and growing) player base, one of the biggest hurdles for any GameFi project to overcome
- Constant updates being shipped
- A well proven game style (think OSRS and has big crossover to DeFi people)
- Token well integrated into the economy (and being utilized)
- Deeper and more fleshed out than KINS (for reference) $20m ish ATH
- Hasn't really caught any big eyes and low enough that all above makes r/r notable
Concerns:
- Been in this for weeks, pa suggests space doesn't see it as mispriced
- The barrier has never been lower to vibe code and launch an aesthetically pleasing/fairly 'deep' game
- Had a lot of catalysts yet still it ranges from low 200s to high 300s (doxxed dev, legitimate player base, good comms, constant updates) is there something being missed?
- GameFi historically has struggled, KINS only did $20m albeit in worse market with whole tl twerking it
- RH volume interest/volume currently well down
CA:
0x6742883Eef788E2424CE5a1b0d4303144AaEc0a5