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:) To answer your question: No, the card acts like "Gladiator Beast's Comeback", where you can use the first effect even if you control no monsters, but gets less useful as you fill your field up with monsters

You cannot Special Summon monsters the turn you activate this effect, except "Adventurer Tokens" and monsters that mention it

How many Black Lotus cards are still in use is unknown

This item card does have its uses in blocking out your opponent from putting in new, useful Pokemon on the bench, but that's not a good enough reason to run this card instead of a better one in your deck

These oddities tend to leave a sour taste in many players mouths, making Dredge both underplayed and under-respected in Modern