Liquid Fund Metrics Ventures Research Report Summary:

  1. Despite the market's negative attitude towards Web 2.5 games currently, we believe that Web 2.5 games will continue to attract game producers with the unique advantages in game distribution and user acquisition. The development of the supply side and blockchain technology will lead to an explosion in demand.
  2. Within the Web 2.5 gaming track, our particular focus lies on the gaming platform, which will have more attractive narratives and longer lifecycles, occupying crucial positions in the supply and demand sides of crypto gaming.
  3. Based on business models and tokenomics, we categorize gaming platforms into four types: strongly-binding, moderately-binding (game chain), moderately-binding (investment-oriented), and weakly-binding. We believe moderately-binding platforms are healthier and more sustainable, establishing a beneficial connection with games.
  4. We analyze top-tier gaming platform projects in the industry from three dimensions: strategic narrative, business capabilities, and tokenomics. After comparison, we consider Merit Circle to be a standout in this track, also presenting a target with a high investment cost-effectiveness. Merit Circle, transitioning from a gamefi guild to a gaming platform and then developing a gaming public chain, demonstrates outstanding capabilities of narrative, product development, and gaming resources. However, its valuation remains relatively low within the track, showing great potential for further development.

1 The beginning of the story: Why are we optimistic about crypto gaming platforms?

2 Strategic narrative and business capabilities: Continued development or stagnation?

3 Tokenomics: How to carve out a slice of success in the gaming industry?

4 Conclusion: The next Alpha among gaming platforms

About Us

Metrics Ventures, also known as MVC, is a data and research-driven secondary market liquidity fund led by a team of experienced crypto professionals. The team boasts expertise in both primary market incubation and secondary market trading, as well as an active role in industry development through in-depth on-chain/off-chain data analysis. Partnered with influential figures from the crypto veteran community, MVC can provide long-term empowerment capabilities support for the project, such as media and KOL resources, ecological collaboration resources, project strategy, and economic model consulting capabilities.

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