MTG previously was a product with a huge moat - it was self-moating. It had been continually worldbuilding since it's inception. Now that it's just a vehicle to sell shit based on other IP, there's literally nothing special about it. Hasbro destroyed the moat on their own property. We've seen Palworld basically ripping off Pokemon and mostly getting away with it, Hasbro has made MTG vulnerable to some other company creating an alternative TCG that steals the rich rule system of MTG but fixes all the 'problems' it has. It could be a new TCG based on an established fantasy or sci-fi IP, or it could be an entirely newly written lore, in either case Hasbro will be absolutely fucked if/when this happens. Once MTG has a serious competitor, resale value will plummet and people will cease buying new sealed product to speculate on valuable pulls.

---