pudgy penguins shut down their mobile game after 1m downloads and app store leaderboard placement. 2m toys sold at walmart, manchester city partnership, 100b GIF impressions, NHL sponsorship. the strongest brand distribution in crypto history and they still couldn't monetize a game. mythical games sunsetted pudgy party development. uncharted killed fishing frenzy and gangster arena on ronin and blast. three studios, three failures, same quarter. if pudgy can't make gamefi work with that level of brand penetration and capital, the model is dead. the only projects surviving in the space are TCG collectibles. collector crypt is pulling $8.6m in monthly fees ($103m annualized) because collectors buy cards the same way they've bought pokemon and magic for decades. the business model predates crypto and works without it. gamefi tried to replace "fun" with "token emissions" and it turns out when prices fall, mercenary users leave and never come back. crypto's value accrues to financial infrastructure, not entertainment wrappers
pudgy penguins shut down their mobile game after 1m downloads and app store leaderboard placement. 2m toys sold at walmart, manchester city partnership, 100b GIF impressions, NHL sponsorship. the strongest brand distribution in crypto history and they still couldn't monetize a game. mythical games sunsetted pudgy party development. uncharted killed fishing frenzy and gangster arena on ronin and blast. three studios, three failures, same quarter. if pudgy can't make gamefi work with that level of brand penetration and capital, the model is dead. the only projects surviving in the space are TCG collectibles. collector crypt is pulling $8.6m in monthly fees ($103m annualized) because collectors buy cards the same way they've bought pokemon and magic for decades. the business model predates crypto and works without it. gamefi tried to replace "fun" with "token emissions" and it turns out when prices fall, mercenary users leave and never come back. crypto's value accrues to financial infrastructure, not entertainment wrappers
@masatoalexander@ESCOweb3 Childish post indeed. Just smoke curtains... You know you are saying the right things, when all they have on you is completely irrelevant stuff.
@masatoalexander@IOHK_Charles@gavofyork Damn man... Thanks for the research and for summarizing it. Much appreciated. Cardano tweet of the year if you ask me
A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
🧵👇
https://t.co/X5vtdke3KQ
I mean.
@jpgstoreNFT@Oraclecharli3@TapTools
You can't tell yourself everything is fine on Cardano. You also can't spend the remaining NCL on shiny new things when the very basics are disappearing. Unfortunately half of the NCL is already gone. Make the rest count.
Here’s what needs to happen for Cardano to have a chance at succeeding, imo:
Charles needs to stop throwing tantrums;
Entities need to actually work together and bring in stable coin liquidity (where is it??);
Entities need to help get CNTs get listed on top exchanges;
Entities need to start mass marketing campaigns;
Market makers must be retained and trading bots must turned on;
Leios (scaling) must deliver.
No one cares about any of the other bullshit.
Claim: Yoroi removed the soft nudge to delegate to Yoroi DRep
Fact: I just checked out the Staking section in @YoroiWallet
Surprise: "Save Time & Fees by Delegating to Yoroi DRep now. "
But it's OK. @emurgo_io is a newcomer to this space.
I bought Ada in 2020 and all the way through the bull run, even after ATH. Bought NFTs, supported projects, rarely sold anything Cardano related to this day.
I cashed out my life savings in 2023, during the last bear lows, and put most of it in to Cardano.
I have worked to build in this ecosystem without a salary for 3 years now.
I have put my own ADA up for payrolls to ensure our employees get paid.
I have sacrificed everything to be here. I have always believed in Cardano. I have shown up every single day for the last 5 years.
That’s why I won’t sit here quietly and watch it all burn down around me. That’s why I won’t sit around and watch the people who have lived comfortably, making none of the sacrifices I did, continue to strong arm governance because their payday is running out.
Yet I see dReps and CEOs attacking the community for how they vote. Is this really what we signed up for?
Governance was supposed to be our chance as a community to have a real voice and it’s being completely diminished by propaganda and bullies. Attacking people on the timeline because of how they voted is just pathetic and not the governance I signed up for I helped conceive.
The system was finally showing signs of strength, pushing back against expenditures, forcing accountability from previous years, and ushering in a new era of Cardano, where the community fully decides.
Unfortunately that is clearly not the reality. A few dReps hold all the power, most have their hands in or around the FEs. It’s ok. I am not as mad at the centralization of voting power. I’m mad because we aren’t being listened to.
Asking for basic stuff to make an educated decision, or have fiscal clarity, is not FUD, it’s called being responsible.
We should hold everyone equally accountable at this point. There should be no varying standards. And I mean this socially as well.
I hope people really take a long look at where we are, how we got here, and what’s currently going on before they continue to vote. We have about half the NCL left, let’s make sure to use it extremely wisely. We can’t afford to miss.
Happy Sunday!
Charles melting down. He’s never done so many videos a week. Feeling the pressure and rejection from more and more community members. The “Nav-rrative” is not hitting as hard anymore. 🤷🏻♂️
Seeing some through-lines between leaders who can't allow established principles or free-thinking pushback in govt or governance could be compared
Not identical, but the "I'll burn you to the ground if you challenge me or my agenda/actions/funding" energy struck me as similar