About this Chart

Gacha Spend includes credit card spending.

Packs repurchase = buybacks of Gachapon cards from user

Buyback (Repurchase) includes misc expense which 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. 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.