Fantasy.top: Trading card game model unsuitable for crypto space, platform to shut down with full refunds

Odaily reported that on-chain card trading platform Fantasy.top announced its decision to shut down after months of deliberation and exploring other options. Co-founder Kipit stated that the core reason for the failure was building crypto technology on top of the trading card game model, as the two are inherently incompatible. Crypto trading card games position financial value as the primary entry point for players, attracting investors rather than gamers, which turns the project into managing an economy instead of building a game. Additionally, Kipit pointed out that issuing tokens before achieving product-market fit is toxic.

In response to previous accusations of refusing refunds, the official statement reiterated that since the business has been self-funded through product revenue, investor funds have not been touched. All pre-seed and seed round investors will receive full refunds. (theblock)