Delabs Games

Delabs Games distinguishes itself as a high-conviction 'product-first' GameFi project, driven by an exceptional leadership team (Score 9.2) with roots in major traditional studios like Nexon and 4:33 Creative Lab. This pedigree is reflected in their robust Market and Use Case (Score 8.5), particularly through the acquisition of the 'Ragnarok' IP and a strategic pivot to Telegram-based gaming to lower user acquisition barriers. Development velocity (Score 8.5) is high, with a proven ability to deliver consistent patches and live operations for titles like 'Rumble Racing Star'. Security (Score 9.0) is another stronghold, bolstered by CertiK audits and top-tier investors like Hashed and Spartan. However, the investment thesis faces headwinds from Community Support (Score 6.5) and Tokenomics (Score 7.2). Despite high player counts, token sentiment has been negatively impacted by post-TGE price volatility. Furthermore, with only ~25% of the supply circulating, the project faces significant future inflation risks as investor and team tokens vest. Overall, DELABS offers institutional-grade fundamentals and a working product ecosystem, outweighing the typical volatility risks associated with the sector.