A Beginner's Guide to Fake World Assets

Fake World Assets (FWA) is an onchain NFT gacha protocol built by TokenWorks that the article presents as one of the most active contract sets on Ethereum. Since its official relaunch on July 20th, the protocol has reportedly facilitated about 90,000 transactions, 35,000 purchases, and 2,000 ETH in volume. Users pull randomly from NFTs deposited by others, and winners can keep the NFT, auto-relist it, or take 85% of the backing in ETH or $FWA. According to the FWA Pulse dashboard by @priyhhhhh, 78% of user settlements were taking the $FWA payout, which the article attributes to external buys being disabled during the first 15 days of emissions.