Beanie
2021 I was a very vocal supporter of DeFi Kingdoms. Web3 gaming was in its infancy. I made millio...
222 days agoBeaniebeaniemaxi
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Beanie, a crypto native and VC at @gmcapital_, reflects on his experience with DeFi Kingdoms, noting that while he made millions, the project's unsustainable tokenomics led to significant losses. This serves as a cautionary tale for investors in early-stage Web3 gaming and DeFi projects, emphasizing the critical importance of carefully designed tokenomics from day one for long-term viability. Investors should prioritize projects with robust economic models to avoid similar "round-tripping" of gains.

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About Beanie
Beanie

Beanie

By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.