By enabling the usage of cryptocurrencies and Non-fungible Tokens (NFTs) for in-game purchases, blockchain games have revolutionized the gaming experience for gamers globally.
Due to the increased demand of blockchain technology, the rising appetite for decentralized games and assets, and the promise of blockchain games to deliver new and exciting opportunities for gamers, the blockchain gaming industry has seen a dramatic increase in investment and funding in recent years.
Out of several options of available blockchains, Arbitrum stands out as it is a scalable and secure blockchain network that has attracted some of the best games in the industry. With its fast and efficient transaction processing, gamers can enjoy seamless and uninterrupted gameplay.
Arbitrum is one of the quickest and most popular Layer-2 scaling solutions for Ethereum, and this change is aimed at the platform’s burgeoning community of blockchain gamers, DeFi fans, and other users.
Online Snake-like kill-or-be-killed multiplayer game ‘Snook’ is debuting on the Arbitrum blockchain, and it’s proud to be the first game to use NFTs for in-game characters. This change will let players to use Circle’s $USDC stablecoin rather than the game’s native token, $SNK. Once powered by $SNK, Snook is now transitioning to Arbitrum’s stablecoin-based economic model.
The addition of $USDC prizes increases Snook’s worldwide player base by attracting the millions of Web3 gamers who own and spend the most popular U.S. dollar-pegged stablecoin asset. This strategic shift positions Snook at the forefront of the growing blockchain gaming industry, reported by Fortune Business Insights to expand from $35.61 billion in 2023 to more than $85.3 billion by 2030.
“We are super excited to offer an opportunity for players to play and use a stablecoin in a skill-based game as part of our proof-of-concept. By offering Snook on Arbitrum, we’ll be able to gather valuable feedback from the community to determine if stablecoin assets are more appealing to users than the naturally volatile $SNK token,” said XXXXXXXXX of Snook.
Snook is the first of its kind, an innovative type of play-to-earn game in which the player’s in-game character is an NFT and their in-game talent and accomplishments are recorded irreversibly on the blockchain. As long as they don’t get killed, Snook NFTs may keep playing games and fighting fights to level up and improve their qualities, increasing their value as a collectable and digital asset on the secondary market. Moreover, players may win Special Skins and pay-per-kill incentives in $USDC or $SNK by appreciating and developing their Snook NFTs and demonstrating them in-game.
Snook is a novel crypto game in which the player’s ability and accomplishments directly affect the value of the game’s NFTs on the market. Players may spend time in the game to increase the worth of their NFT’s assets by increasing their NFT’s experience and expertise. Those that put in the greatest work will be rewarded with crypto accolades for their efforts.
Snook has a low entrance barrier, so its players may compete on the basis of their skills rather than their bankrolls. Now that it’s available on the Arbitrum blockchain, users may choose to play on whatever network suits them best, taking into account factors like network popularity, gas fees, and the location of their cryptocurrency holdings. This marks a significant step in the evolution of blockchain gaming, and Snook is well-positioned to thrive in this dynamic landscape.