July 7, 2022, 1:27PM EDT
• 10 min read

Pegaxy: Deconstructing NFT Horse Racing

Quick Take

  • Pegaxy is a Polygon-based horse racing game in which players can buy at least one horse NFT and race it against other players.
  • Pegaxy’s growth slows down as its dual-token model proves unsustainable due to the strong inflationary pressure of its in-game currency, VIS.
  • Its countermeasure against the declining floor price of its horse NFT, Pega, appears ineffective and worsens VIS’s mint-burn ratio.

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