Pegaxy: Deconstructing NFT Horse Racing
Quick Take
- Pegaxy is a Polygon-based horse racing game in which players can buy at least one horse NFT and race it against other players.
- Pegaxy’s growth slows down as its dual-token model proves unsustainable due to the strong inflationary pressure of its in-game currency, VIS.
- Its countermeasure against the declining floor price of its horse NFT, Pega, appears ineffective and worsens VIS’s mint-burn ratio.
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Author: Erina Azmi
