In a candid interview with Cointelegraph at #token2049 , Notcoin co-founders Sasha and Vladimir Plotvinov dropped a bombshell for crypto gaming enthusiasts: the tap-to-earn format that once dominated the space is "probably dead." The brothers behind one of 2024's biggest Web3 Telegram sensations didn't mince words about the shifting landscape of blockchain gaming.
💥Despite attracting a staggering 30 million players earlier this year, #notcoin has witnessed its $NOT token plummet over 90% from its all-time high. Once boasting a $2.4 billion market cap, $NOT now sits at #172 on CoinMarketCap with a more modest $228 million valuation.
💵According to the Plotvinovs, simple "tap-tap" mechanics no longer capture user attention in today's competitive crypto landscape. Developers are pivoting toward more immersive, socially-driven projects or focusing on TON-based DeFi opportunities that generate passive income.
💰Speaking of lucrative DeFi alternatives, popular decentralized exchange STON.fi currently offers some mouth-watering liquidity pools on the $TON ecosystem:
JRK/TON pool yielding a massive 341% APY
MRDN/TON providing a substantial 166% return
PUNK/TON offering a respectable 76% yield
As the crypto gaming sector continues its rapid evolution, investors are increasingly looking beyond simple gameplay mechanics toward sustainable tokenomics and genuine utility.
