Winchman@Renaiss(@Plus_Ultra_715):Recently, several research reports have been published on Web3 TCG platforms. I'm not here to defend any single brand or data point. But I believe one thing clearly: The TCG RWA space is new. Product structures, smart contracts, technical frameworks — all fundamentally different from typical crypto products. Reaching out to the investigated / research project before publication is standard international practice — and it makes the research stronger for everyone. Verification before conclusion benefits the audience as much as the project. Transparent dialogue benefits everyone — it protects consumers, raises industry knowledge, and reduces fraud. That's the direction we should all be moving toward. As a builder in this space for many years, we publicly welcome any inquiry, interview, or investigation. Open door, always. @renaissxyz

2026.06.30 16:24

Recently, several research reports have been published on Web3 TCG platforms. I'm not here to defend any single brand or data point. But I believe one thing clearly: The TCG RWA space is new. Product structures, smart contracts, technical frameworks — all fundamentally different from typical crypto products. Reaching out to the investigated / research project before publication is standard international practice — and it makes the research stronger for everyone. Verification before conclusion benefits the audience as much as the project. Transparent dialogue benefits everyone — it protects consumers, raises industry knowledge, and reduces fraud. That's the direction we should all be moving toward. As a builder in this space for many years, we publicly welcome any inquiry, interview, or investigation. Open door, always. @renaissxyz

Tuomas Holmberg 🦇🔊@TuomHolmberg

2026.06.30 14:18

Thanks for the research. If youre doing research on CC, please reach out to us to make sure your numbers and analysis are correct. I know you guys think its easy to do but if youre going to do it correctly it requires some knowledge of how our platform operates on both the physical and blockchain side. 1) we have introduced a platform wide buyback mechanism that is buying back hundreds of thousands worth of cards back per week. This allows our users to hold on to the cards for a bit more to not have that pressure to sell immediately. This naturally reduces the amount of machine buybacks. 2) we make a margin of 7-15% of all cards that are redeemed from the platform. You are right that our buyback/machine profits are less fot higher value packs, but it is incorrect to assume that these cards that we sell have 0 margin. You'll find if you make this simple adjustment that our margins dont decrease at all. 3) you incorrectly attribute our api revenues. Happy to give you a public api endpoint to calculate these correctly rather than drawing wrong conclusions or bad code. 4) @RissaNyxVT already ran the numbers on shipping. I dont know where you went wrong, but just because you run something on dune doesnt make it correct. A 15 minute call with one of our team members would have helped you perform your analysis better. At least youre not accusing us of wash trading, we appreciate that. Feel free to DM me for a call next week, would love to get you on the right track. Congrats for the views btw.