Pegaxy: Deconstructing NFT Horse Racing

July 7, 2022, 1:27PM EDT

• 10 min read

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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Source: https://www.theblockresearch.com/pegaxy-deconstructing-nft-horse-racing-154708?utm_source=rss&utm_medium=rss