From my perspective...I have also dived into Pixels' economy, where I noticed that it looks more like a balance between the game mechanics and the tokenization process. At first sight, one would simply conclude that it is a farming game with a token, which is incorrect. In fact, what we see here is a mechanism for directing players' actions farm,gather, craft, and push products to the market again. On the surface, it seems productive, yet the critical aspect is whether this cycle creates long-term demand.
However, $PIXEL adds another layer, as there are some sinks for this token (upgrades, crafting). Yet, the emissions depend highly on constant payments from players. Thus, in case of slower development, the pressure rises very fast. Consequently, the essential question here is whether players actually create value or merely exchange their time for tokenized products?
Ronin saves the day. Low fees and good UX make the system user-friendly. Still, it does not make the system economically healthy.
There is also Stacked. “200M in rewards” is impressive until you consider how many users in how much time? The difference between concentration and scale is huge. “$25M in monthly revenues” too growth or dependency?
For the moment, it seems more sensible to follow its user retention, depth, and gameplay vs extraction.
