The onchain TCG meta is just heating up and its drawing heavy comparisons to NFTs of 2019-2022.
There are some key differences:
1. Physical TCGs have been around for decades and have real IP and tangible brand equity. This means the market is much larger.
2. Volume and attention cluster around a few big collections or "grails". The market has had enough time to filter out the bad projects (survivorship bias), so the low effort "drops" dont occur.
Tokenization brings about a new way to standardize, store and price these assets fairly and accurately, but it also brings "ponzinomic" mechanics back into play.
Imo the big winners of the TCG meta will be the platforms that win collectors first and incentivize liquidity and trust amongst participants.
Both traders and collectors can coexist.