About this Chart

Packs Repurchase are buybacks by team from Gachapon Packs opened that are tracked via NFT transfered from user back to Gachapon Machine.

Pack Party Payouts are the outflows from pack party closing. This is not related to Gachapon Spending.

Misc Expense captures both payouts to non-team wallets from the main wallet, as well as buybacks that are not accompanied by an NFT transfer. This is because, between Jun - Sept 2025, Phygitals operated on a purchase on redemption model rather than pre owning inventory. Most cards were only procured after a user chose to redeem, so some buybacks did not have a corresponding NFT mint or transfer. Similarly, if the team was unable to procure the requested card upon redemption, the user received the buyback amount instead, resulting in no NFT transfer.