Snook Takes Its NFT Play-to-Earn Game to Arbitrum – NFT News Today

Snook, an online ‘kill-or-be-killed’ multiplayer game with mechanics similar to the classic Nokia game Snake, recently announced its launch on the Arbitrum blockchain. The game initially ran on its native, in-game token $SNK, but the move will allow players to use the $USDC stablecoin instead. Arbitrum is a fast and popular Layer-2 scaling solution for Ethereum.

A New Model in Gaming

Unique to Snook is its play-to-earn model, where in-game characters are represented as NFTs. Unlike traditional games, Snook’s gameplay achievements are permanently recorded on the blockchain. This adds an extra layer of value to the characters, as well-preserved NFTs can be sold on the secondary market.

As long as they survive, Snook NFTs can engage in multiple games and battles, enhancing their attributes to maintain or even boost their worth as both a digital asset and a collectible.

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According to a report by Fortune Business Insights, the global skills-based blockchain gaming market size is expected to grow from $35.61 billion in 2023 to more than $85.3 billion by 2030. Snook is contributing to this market trend, allowing players to enhance the value of their in-game NFTs through skill and time investment.

Skill Pays in Snook: Now More Accessible on Arbitrum

Snook makes it easy for players to get started and earn rewards based on how well they play, not how much money they put in. With the game now on the Arbitrum blockchain, players can pick a network that suits them best, considering things like lower fees and where their crypto is stored.

Moreover, earning rewards in $USDC adds an extra layer of attraction to Snook, attracting a broader range of Web3 gamers. This is particularly relevant for those who already use and hold $USDC, a widely accepted U.S. dollar-pegged stablecoin, thus expanding the game’s global player base.

Stablecoin-Based Economy and Community Feedback

Previously, the game’s tokenomics were based on the $SNK token, but Snook is transitioning to a stablecoin-based economic model. This means that Snook’s treasury smart contracts will begin collecting $USDC instead of $SNK. The team behind Snook believes this transition can enhance the game’s in-game economy and appeal to a diverse audience, including blockchain gamers, DeFi enthusiasts, and other Arbitrum users.

“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 a representative of Snook.

By transitioning from its native token, $SNK, to a stablecoin-based economy with $USDC, the game is opening new possibilities. This aligns Snook with the booming skills-based blockchain gaming market, which, as we’ve seen, is expected to grow exponentially by 2030.

Furthermore, Snook offers a competitive gaming environment where player skills are front and center. Through gameplay, players not only earn respect but can also increase the value of their Snook NFTs. By enhancing their in-game skills, players can unlock special skins and earn rewards, payable in either $USDC or $SNK, based on their performance. The game is available on the Arbitrum network now.

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• Source: https://nftnewstoday.com/2023/09/28/snook-takes-its-nft-play-to-earn-game-to-arbitrum/?utm_source=rss&utm_medium=rss&utm_campaign=snook-takes-its-nft-play-to-earn-game-to-arbitrum