Dren Hima

Capital repriced the sector from content to infrastructure. Only 53% of Q3 2025 gaming funding went to games at all, and 74.8% of Q2’s went to infrastructure. Emission-funded play-to-earn was replaced by sinks. Axie’s extraction dungeon destroys assets, Pixels taxes withdrawals and pays stakers, and both solve the same supply problem from opposite ends. Wallet […]...