@casedotfun

One word: Cases. Cases are digital lootboxes, which in CS2 are dropped for free weekly for playing the game, or purchased using stars via an "Armory pass" Open one, and you could pull an item worth 100–1000x your cost—or even over $1.5M (like a #1 Blue Gem Karambit). Valve charges $2.50 per case key + 15% in marketplace fees. They've made over $100M last month from case keys alone and are said to make over $1.5B annually. This is in spite of regulatory woes and legal issues that prevent them from going all-in this market. Due to said regulation, third-party marketplaces have stepped in for skins and cases. Some are said to be generating $30–50M/month in revenues. A majority of these marketplaces also seem to be putting in visitor numbers that compete with top crypto protocols.

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