Snook, a pioneering NFT-based Play-to-Earn (P2E) game, is set to broaden its horizons by launching on the Arbitrum blockchain. This strategic move aims to diversify Snook’s player base and enhance the earning potential for gamers.
The game distinguishes itself by introducing NFT-based in-game characters that evolve and accrue value through victorious battles. Moreover, Snook allows players to use the USDC stablecoin in addition to its native token, $SNK, providing a more accessible entry point to the world of P2E gaming.
Innovative Features of Snook
1. In-Game NFT-Based Characters: Snook introduces a groundbreaking concept where players’ in-game avatars are represented as NFTs. These characters possess the ability to engage in battles and various gaming activities repeatedly, as long as they avoid defeat.
With each triumph, these NFT characters enhance their attributes, increasing their value as digital assets. This ensures the immutability of these records and allows players to sell their NFT characters on secondary markets for cryptocurrency or real money.
2. Earnings Based on Success: Snook empowers players to invest their time and effort in building valuable NFT-based characters. As players gain more experience and skills, their in-game assets, the NFT characters, appreciate in value.
This dynamic means that dedicated players who commit more time and effort have a higher chance of accumulating valuable in-game assets and reaping the associated rewards.
3. Low Entry Barrier: One of Snook’s distinguishing features is its commitment to lowering the entry barrier for P2E gaming. Additionally, Snook offers players the flexibility to choose the blockchain network they prefer for gameplay, depending on factors such as location and applicable gas fees.
Launching on Arbitrum and Embracing USDC
However, Snook’s recent integration with Arbitrum, a prominent Ethereum Layer-2 scaling solution, positions the game to capitalize on the expanding global market for skill-based blockchain gaming. Also, Fortune Business Insight projects this market to reach $35.61 billion in 2023 and $85.3 billion by 2030.
Furthermore, Snook’s collaboration with Arbitrum enables players to utilize Circle’s USDC, a leading stablecoin in the cryptocurrency market. Moreover, this transition from Snook’s native token, $SNK, to USDC enhances the game’s appeal, as players are more inclined to earn in a stable and widely accepted currency.
A representative from Snook expressed enthusiasm, stating
“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.”
Snook’s expansion to the Arbitrum blockchain, coupled with its innovative NFT-based gaming approach and support for USDC positions it as a promising contender in the thriving Play-to-Earn gaming sector. This move allows Snook to tap into the growing market while exploring the appeal of stablecoin assets for players, potentially reshaping the future of P2E gaming.
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