NFT gaming, while probably a novelty aspect in blockchain gaming, can no longer be considered a niche but an established part of games built on blockchain.
With the possibility of winning being a major draw for players, the NFT game has attracted a large number of new players. At some point in 2021, there were game streamers who were posting earnings of several thousand dollars every week due to their participation in these NFT games.
Naturally, since most of these games had been launched during the bull market, their token prices had skyrocketed, as had player revenues. But these NFT games are now being tested as the crypto market has entered another inevitable bear market.
As prices plummeted, player interest plummeted as well. A lot of games that had been popular due to their rising token prices are now suffering from the bear market. Even big players such as Axie Infinity saw interest drop significantly during this time. This called for more innovation and less focus on token prices when it comes to NFT games. That’s if these games plan to survive the current bear market.
Symbolic price should not be the goal
A problem with existing blockchain games is the fact that the value of the entire gaming ecosystem depends solely on the evolution of their token prices. When the price of their chips goes up, they see a lot of interest, but any drop sees players leaving in large numbers. It is obvious that such a model is not sustainable, and some industry experts have even referred to the current models as Ponzi schemes that need a steady stream of new entrants to sustain it.
The use of such models only attracts players who only care about the price of the chips they win. The result is the mass exodus that has taken place in the gaming sector as crypto has welcomed another bear market.
A new entrant to the space has taken the initiative to tackle the issues currently plaguing the NFT gaming space. Cradles: Origin of Species is a blockchain game that focuses on innovation and its community rather than symbolic price. This game promises to bring never-before-seen capabilities to NFT gaming with the aim of transcending the questionable models used by existing blockchain games.
How Cradles Differentiates
Cradles: Origin of Species focuses on innovation to keep its community engaged and interested rather than a token price. Taking a player-centric approach, the creators introduce new metaverse gaming experiences. These range from popular aspects of the play-2-earn ecosystem to new metaverse features that make it more than just a virtual reality gaming experience. One of the innovations of the Cradles: Origin of Species team was the introduction of the EIP-3664 proposal for a new type of NFT.
It follows in the footsteps of ERC-20 by introducing revolutionary tokenization features. Unlike ERC-721 or other token standards currently used for NFTs, EIP-3664 contains several new attributes that allow for various types of fungible and non-fungible aspects. Players can add and remove components to and from their NFTs, as well as give them new traits, which will allow for continuous and dynamic gameplay, unlike traditional NFTs, whose traits are predefined and cannot change.
Props, characters, and modes of operation in games using EIP-3664 can be fully represented as smart contracts. This promotes different gameplay and expands the types of NFTs on the Ethereum network to provide a stronger and more diverse gaming experience.
Play and win, don’t play to win
Cradles player-centric strategy has led it to move away from the traditional model of playing to win and bringing players into the new world of gambling and winning. This helps to shift players’ attention from the prize of the token won in-game to playing for pure fun. In this way, the chips earned by players simply become an additional incentive to play as they progress through the game, and not the primary motivation to play.
It is also the first subscription game to grace the blockchain gaming space. This allows all players immediate access to the game without having to purchase expensive NFTs in advance. By purchasing a monthly pass, users can play and win in Cradles for the entire month.
The game also has no transaction fees for small transactions. These are transactions that occur between players and peer-to-peer transactions. For transactions involving more valuable items, there is a small fee.
Implementation in NFTs
As mentioned earlier, Cradles: Origin of Species players don’t have to make a large initial investment before playing Cradles. Another invention that makes this possible is the game’s Staking Into NFTs (SIN) feature.
This allows users to wager on NFTs already held by their favorite steamer or pro gamer. So if a player doesn’t have access to a powerful weapon in-game and a streamer does, they can stake their tokens into the streamer’s NFT to help boost the weapon’s power. This gives the streamer an edge over their opponents to help them achieve victory and win the prizes, which are split between the streamer and those who wagered on their NFT.
All in-game items in Cradles: Origin of Species are also player-created. No external NFTs are sold before entering the game, and players can freely move around and trade items with each other thanks to a completely decentralized item supply.
Cradles recently raised $5 million in a private funding round to expand its metaverse. The game is backed by some of the biggest players in the industry, including Animoca Brands, Signum Capital, and Huobi Global, among others.
The innovation behind Cradles: Origin of Species is what sets it ahead of all other blockchain games. By successfully decoupling the value of the game from the price of the token, it ensures that its community is always engaged, whether the price of the token goes up or down. A complete game that launches the evolution of the metaverse.