Fake World Assets (FWA), an Ethereum-based protocol allowing users to spin onchain gacha machines for a chance to win randomly selected NFTs backed by Ether, has seen rapid growth in TVL and fees. Onchain gacha volume hit a record 324 million dollars in June, with projects like Collector Crypt, Beezie and Courtyard tokenizing Pokemon cards onchain. Around 70% of purchasers choose to convert their winnings to FWA. While some investors like Simon Dedic remain skeptical, arguing that activity is driven mainly by speculative token incentives, others see enormous potential in gamified commerce for Generation Z. The real test will come when novelty fades and incentives disappear.
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