"After the launch of the HuntingNFT v2 version, the newly launched garrison gameplay and sacrifice gameplay are bringing considerable and continuous benefits to players, and it is becoming a new hot spot for GameFi Nuggets."
After experiencing a brief carnival in 2021, as the market turned from cold to bearish in early 2022, the GameFi market also began to cool down. According to Footprint Analytics data, since the beginning of 2022, the market value of the GameFi market has been in a downward trend. This data comprehensively reflects the overall TVL of the GameFi track and the continuous shrinking of the token market value.
Also starting from the beginning of 2022, although the number of GameFi projects is still growing at a relatively rapid rate, the number of active GameFi projects is in a cliff-like decline, and the number of projects operating normally continues to hit new lows.
In fact, the reason why the GameFi track is constantly in trouble is that it is difficult to provide players with satisfactory income. On the one hand, GameFi applications have become seriously homogenized after showing a blowout trend. For example, after the explosion of Axie Infinity, dozens of imitation disks appeared. Incentive competition in the track has also caused the GameFi track, which already has a small market share, to fall into a high degree of involution, and the endogenous motivation has declined and revenue has continued to slump.
On the other hand, GameFi itself not only lacks playability, but also its encryption-native features also hinder its wider capture of users (lack of external increment). The encryption industry is in the early stage of development, and hot money and users are always going back and forth in different industry sectors. Flow, in the case of GameFi's overall downturn, users continue to lose, and the track has fallen into a vicious circle of continuous downturn.
Although the overall performance of the GameFi market is not good, after the launch of the v2 version in early July, HuntingNFT has attracted the attention of the market with its very impressive earnings. According to the revenue data collected by HuntingNFT, the game’s Defense mode had the highest APR of 174,680.91% (July 8), and since its launch on July 6, the average APR has basically been above 4000%. The highest daily return rate of the Sacrifice mode is 2146 %, that is, if you invest 100u on the same day, you can return 2146u, and the average return rate has stabilized at 100%-200%. On the whole, the current Yield Farming APR of $HNFT is about 150%, and the payback cycle of the game itself is relatively short.
In addition, the NFT assets of the HuntingNFT game are also simultaneously opened on the YokaiSWAP platform. Up to now, the highest market premium of equipment assets and White Fat Dragon has exceeded 500%. A lot of money. HuntingNFT has also become a new hot spot for GameFi Nuggets in the near future.
HuntingNFT v2 opens a new GameFi value flywheel
HuntingNFT itself is an original GameFi project initiated by Nervos global community volunteers, and has always been governed in the form of a DAO. The project has been active in the market since the launch of the v1 Beta internal test version in the fourth quarter of 2021, and finally released the V2 version in July 2023 to open the economic model, and landed on YokaiSWAP DEX at the same time. More CEX exchanges may be listed. From the release of the earliest version of the project to the present, HuntingNFT has been able to maintain its popularity over a period of nearly two years. In fact, the GameFi market itself is an emerging market with rapid iterations, and the life cycle of most GameFi projects usually does not exceed half a year, which is also in stark contrast to HuntingNFT.
In November last year, when HuntingNFT launched the v1 version, we introduced the HuntingNFT game mechanism in detail. After v2 was launched, it further opened up new gameplay based on v1, including garrison and sacrifice.
At present, HuntingNFT v2 itself contains several main game elements of Dragon Scale NFT, Dragon Scale Equipment NFT, and White Fat Dragon NFT. Among them, the dragon scale NFT is the basic NFT element of the game. This asset can be exchanged with Nervos L2 CKB in the game to start the battle mode.
Dragon scale equipment NFT includes helmets, breastplates, shields, wings and swords (collect 5 different pieces of equipment to summon White Fat Dragon NFT in Castle Night), currently level 1 to 5 equipment can be obtained through battle, 6 to 10 Level equipment will be released in future game modes.
White Fat Dragon NFT can be used to participate in GameFi games such as garrison and sacrifice, and obtain daily income, sharing and sacrifice rewards from the HuntingNFT platform.
The HuntingNFT v2 version mainly includes hunting mode (consuming dragon scales to hunt evil dragons to obtain equipment), garrison mode (obtaining rewards through White Fat Dragon NFT defense, APR ranging from 2000% to 8000% in recent days), sacrifice gameplay ( The White Fat Dragon NFT sacrifice will receive a one-time reward, and the daily sacrifice reward pool is set at 104,722 $HNFT, and the rewards in the sacrifice pool will be shared by the White Fat Dragon sacrificed every day). The considerable game revenue also allows HuntingNFT to capture a large number of active gamers.
Please refer to the game manual for details on how to play the game.
Gitbook link: docs.huntingnft.cc/
l Economic model
HuntingNFT has built a set of economic models with "recycling" characteristics. The full-cycle value generated by players from acquiring NFT game assets to sacrificing White Fat Dragon will be used to feed back the ecological development and the development of the $HNFT secondary market. To ensure the positive cycle of ecological value and the long-term effectiveness of the development of ecological economic model.
In addition, in the HuntingNFT game, the CKB income released by the dragon scale NFT that game users participate in daily battles will be automatically transferred to the trading robot address of Nervos L2 Godwoken, and the intelligent quantitative robot will buy $HNFT and then transfer On the day of entry, it will be stationed in the reward pool for distribution, forming a value support and virtuous circle from Mint of NFT to the secondary market, and is expected to promote the further rise of the currency price itself.
So we can see that all game parts in HuntingNFT game v2 can generate full game revenue. These revenues themselves are not generated out of thin air, but more from the external market value and economic recycling.
On the one hand, HuntingNFT applies all the incremental value of users to the incentive token $HNFT to help it continuously capture external value and build a stronger value moat. On the other hand, the $HNFT asset itself has no early private placement and public placement process, and the initial liquidity is completely generated by game behavior incentive airdrop distribution. This means that $HNFT assets are held in a decentralized manner (currently holding addresses have exceeded 20,000+). With the launch of the v2 version of the game, the considerable income has also brought the game itself a high degree of attention. The Twitter fans of the project have also exceeded 20,000, and the Discord community is very active. HuntingNFT has become the most popular GameFi in recent stages. one of the games.
In addition, after landing on YokaiSWAP DEX, it is also continuously reaching cooperation with industry partners. In the future, $HNFT is also expected to be listed on various CEX platforms. It can be seen that since the launch of HuntingNFT v2, the value flywheel of the game ecology has also been officially opened.
Possess the ability to capture a wider range of users
In addition to building a solid and sustainable game ecosystem through a reasonable economic model, HuntingNFT itself also has a wider ability to capture users. HuntingNFT is connected to the Nervos L2 Godwoken EVM network, and users can use mainstream wallets such as Little Fox, TP, Safepal, and Imtoken to use the 0x address to play games. In addition, the chain has a more flexible underlying model and rich basic components, which can carry out data uploading and NFT transfer between game accounts at a lower cost, effectively reducing the cost of user participation, while providing users with lower entry barriers , a safer and smoother game experience, and further have the ability to serve players on a large scale.
Since 2023, Vitalik Buterin, the founder of Ethereum, has publicly proposed the vision of Ethereum abstract accounts many times at ecological conferences such as the Ethereum Montenegro Conference and the Paris Ethereum Community Conference (EthCC). It is an important factor for the long-term development of the Web3 world, and abstract accounts will be an important technical solution to achieve this goal. At present, HuntingNFT game assets are confirmed by abstract accounts on L1, and transactions occur on Godwoken Layer2, which further guarantees the security and transaction speed of assets on the chain, which also fully reflects the forward-looking and trend of HuntingNFT .
The underlying layer of POW has a more long-term narrative
Previously, the SEC listed some encrypted assets as securities, most of which were encrypted assets with POS characteristics, including Solana (SOL), Cardano (ADA), Polygon (MATIC), etc. caused panic. For POW assets, they are not regarded as securities that must be registered and regulated. This is a long-term benefit for POW tokens such as BTC, BCH, and CKB, and is expected to usher in a new round of explosion in the future. We have seen that HuntingNFT itself is highly bound to the Nervos Network ecology, especially some game asset NFTs and other highly anchored CKB tokens, may become the biggest beneficiaries.
From another perspective, although the vast majority of POS bottom layers already have a sufficiently dispersed distribution of verifiers, uncertainties such as regulation and the market will threaten its security. The POW consensus mechanism itself has more advantages and disadvantages in terms of security. Narrative space, so the application ecology natively built under the POW system like HuntingNFT is expected to gain benefits
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Summarize
HuntingNFT continuously captures external market value based on its own circular economic system, and captures users more extensively in a more forward-looking and trendy way, with long-term narrative.
The GameFi market has been silent for a year, the early leading ecology is gradually declining, and the emerging ecology is difficult to resist the short-lived market cycle. With the launch of HuntingNFT v2, it is helping the GameFi market that has been silent for a long time to get out of the haze. The continuous and considerable income it can provide is the best proof of the rationality of the ecological value system. open.