Despite the dark crypto winter, the world of play-to-earn crypto games is staying strong. Shortly after the snake-inspired Moshnake opened to a presale, $1 million has already been raised. As the wind of this 90s play-to-earn game spreads to other nostalgic crypto enthusiasts, investments are bound to increase.
Although Moshnake is only in presale, it promises a more fair experience than play-to-earn juggernaut Axie Infinity. Recently, Axie Infinity has recently found itself in hot water for a range of moral and technical reasons.
The Rise Of Axie Infinity
There is no mistaking that Axie Infinity is one of the most popular play-to-earn titles on the crypto market. A year after its release in late 2020, Axie Infinity (AXS) reached an all-time high market capitalization of $9.6 billion. Even more impressive was that the most expensive ever Axie was sold for $820,000.
An Axie is a cute but fierce cartoon NFT that players can battle, build things and hunt for treasure with. The end goal of Axie Infinity is to collect more Axies and utilise them in different games. Despite a negative trend in Axie Infinity’s (AXS) value, the game still hosts around 2,800,000 daily players.
The Fall Of Axie Infinity
Axie Infinity describes itself as a play-to-earn game. A play-to-earn crypto game gives players the possibility of earning in-game items or characters that can then be exchanged for money. The more players that participate in a play to earn a title, the more value they give other players and developers within the game’s ecosystem. However, although Axie Infinity is a play-to-earn crypto game, the economy of Axie Infinity did not function as it should have.
For a long time players in many countries that were hardest hit by the Covid-19 pandemic, used Axie Infinity as a side hustle. However, although this may have initially positively impacted people, it soon became a form of exploitation.
To start playing Axie Infinity, a player would need an Axie NFT. However, Axies can only be bought for a very high price. This meant that existing owners of Axies loaned these creatures out to beginner players and took a huge cut of their earnings. Soon, people began to point out that this system might be a form of digital colonialism.
Although in many ways Axie Infinity revolutionised the play-to-earn space, it also highlighted all the cracks within the current state of play-to-earn games.
Moshnake Promises A Fair P2E Gaming Experience Open To All
Moshnake is a play-2-earn game that will let players “experience those good old days again”. Players will be given their own Moshnake NFT and will be able to feed it and use it to battle other snakes in a battle royal arena. The players who rank at the top of the weekly performance chart will be rewarded with in-game Venom tokens (VEN).
In their whitepaper, the creators of Moshnake make it clear that they do not “personally believe” rewards should be given to players with the most economic power. In Moshnake, participants will need to develop skills, persistence and strategy to improve their Moshnake NFT character.
Indeed, Moshnake is one of the only play-to-earn games that outlines its values on its website. Teamwork, as well as combat balance that means “every player has an equal chance to join and be part of the moshnake family,” are just a few. Developers of Moshnake are committed to avoiding Axie Infinity’s mistakes.
Although the presale has only just started, Moshnake tokens (MSH) are selling fast. Investors can purchase these tokens with Ethereum(ETH), Dollars (USDT) or Binance Coin (BNB) using a wallet supported by Wallet Connect or MetaMask. Currently $1 USDT is worth 50 Moshnake tokens (MSH).
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