In-depth analysis of $NXPC
In-depth analysis of $NXPC
When traditional gaming giants All in chain games, a dimensionality reduction strike is brewing, Twitter: x.com/MaplestoryU
1. Airdrop event review: A textbook market education
The $600 U airdrop from Binance Alpha is by no means accidental—this is NEXON's carefully designed chain game declaration. The project team has completed three things with real money:
1. Establish market trust (direct issuance without tricks)
2. Screening real users (high barriers to prevent exploiters)
3. Demonstrate financial strength (parent company $100 million reserve has been received)
Behind those who knew early, it reveals that most people have yet to realize: the gameplay of traditional gaming giants entering Web3 is on a completely different dimension from grassroots projects.
2. Project fundamentals: Reconstructing chain game rules with twenty years of gaming industry accumulation
1. IP moat:
MapleStory's global cumulative users exceed 180 million
Derivative IP matrix (DNF/Bubble Hall/Racing Kart) can be accessed anytime
- This is the first chain game asset that "even parents know"
2. Innovation in economic models:
Original "dual-token + Layer1" architecture:
- $NXPC (governance/trading)
- $NESO (in-game stable token)
- Self-developed chain completely solves the Gas fee pain point
- No private placement design + token destruction mechanism = extremely simplified supply curve
3. *Team battle power assessment:
- NEXON's annual revenue remains stable at $2 billion
The blockchain team is led by the original (MapleStory) economic system designer
Korean government's strategic investment in Web3 fund
3. Market expectation gap
Three major explosive factors yet to be priced in
1. Expected launch in Korea:
Referencing Klaytn's average increase of 380% in the first week of launch
Korean retail investors' enthusiasm for local IP has yet to start
2. Gold mining ecological scale:
Domestic studios have started bulk purchasing game NFTs
Expected annualized return rate calculated at 217% (data source: GuildFi)
3. IP synergy effect:
Bubble Hall NFT blind box testing
Racing Kart chain game version enters alpha
Long-term value anchor:
- Observe whether Q3 game MAU can break 500,000
- Focus on the scale of NESO stable pool reserves
When the old money of the traditional gaming industry starts to seriously play Web3, those chain game projects relying on PPT financing should tremble
—— An anonymous comment from a top venture capital partner
Current market cap of $500 million only reflects IP value; if the game ecology explodes as expected, the valuation system will switch