Fake World Assets, an Ethereum-based NFT gacha protocol built by the two-person team Token Works, generated $447,604 in daily revenue on July 25, 2023 — its highest single-day figure to date. The surge pushed the protocol past Solana's Collector Crypt in daily revenue, according to data from DefiLlama. Fake World Assets now trails only Sky in Ethereum daily revenue.
Relaunch sparks growth
The protocol was relaunched on July 20, 2023, just five days before the revenue peak. The relaunch appears to have driven user activity and spending, though the team has not disclosed specific changes made in the update. The timing suggests the new version resonated with collectors.
How NFT gacha works
Fake World Assets operates as a gacha-style NFT marketplace, where users spend ETH to receive randomized digital assets. The model, popularized in Asian mobile gaming, has found a niche in crypto collectibles. The protocol's daily revenue reflects the total value of purchases made through its system. Gacha mechanics have drawn both enthusiasm and criticism in gaming circles, but the revenue numbers show strong demand.
Revenue race on Ethereum
With $447,604 in a single day, Fake World Assets now sits behind only Sky among Ethereum-based protocols by daily revenue, per DefiLlama. The comparison shows how quickly a small team can capture market share in the NFT sector. Collector Crypt, the Solana-based competitor it overtook, has not commented on the shift. The gap between Fake World Assets and Sky remains significant, but the trajectory is notable.
What the data shows
DefiLlama, the analytics platform that tracks the revenue figures, shows the spike as an outlier compared to the protocol's previous days. Whether Fake World Assets can sustain this level of activity remains an open question — the team has not announced any upcoming features or incentives. For now, the two-person operation at Token Works has put Ethereum's NFT gacha scene on the map.
