In-game NFT Marketplace goes live
Bomberman-inspired play-to-earn game Bomb Crypto has seen impressive growth this past week. Almost a quarter of a million wallets connected to the NFT infused battle game on Binance Smart Chain as the platforms NFT marketplace went live, allowing players to trade in-game Hero and House NFTs for the first time.
The BSC-based game has attracted over 243,000 unique active wallets to its platform that completed over 1.3 million in-game transactions, generating over $39 million in volume. Many of these transactions would have been through the newly launched marketplace.
Moreover, Bomb Crypto’s performance over the last 30-days places it firmly within the top 3 games on DappRadar. Overtaking stalwarts such as Splinterlands, Mobox, and Upland as its marketplace launch stimulated activity. More than 650,000 wallets connected to Bomb Crypto in the last 30 days, that’s just 9,000 less than Axie Infinity over the same time frame.
The game is hugely reminiscent of the classic Bomberman games launched on Sega and Nintendo consoles during the late 80s and 90s. It was no surprise then that it resonated with today’s male-heavy, 30+ crypto audience. Some may have spent hours playing the original game and never earned a penny.
In Bomb Crypto, players manage a group of bomb heroes programmed to search for BCOIN and fight monsters. Further in-game NFT items are Houses that are used by the bombers to regain energy.
The development team hail from Vietnam, coincidentally, the same part of the world as the Sky Mavis, Axie Infinity team. Vietnam has a history of solid device uptake. Plus a population of computer literate, English-speaking people with a requirement to make money outside traditional employment. In a part of the world where they can make more income playing games than they can in an average job, it’s no surprise play-to-earn is catching on.
Return on Investment
We first highlighted Bomb Crypto back in early October 2021 as a new game showing promise, a decent roadmap, and, most importantly, attracting users. At that time, interested players could get a bomber for around 10 BCOIN, approximately $4.
Looking at the in-game marketplace, which launched on January 20, we see Super Legend bomber heroes, the only type currently permitted to be sold, selling for a minimum of 700 BCOIN, up to around 1000. Today the price of BCOIN is around $2.35. Making a bomber worth around $2000.
Thus far, the project has stuck tightly to its roadmap. Another cause for excitement in the community could be the arrival of staking and a new story mode in Q1 2022. Staking would bring another layer to the game, permitting token holders to yield on their already held BCOIN and possibly NFT items.
2021 was not only the year of NFTs. Blockchain-based games were widely adopted en route to represent almost half of the current industry’s usage. Different blockchains arose as alternatives capable enough of hosting fully operational games. Ecosystems across the industry achieved to remove the burdens of high transaction fees without hampering the speed. Networks like Wax, Ronin, BSC, Immutable, and Hive became home to many play-to-earn and GameFi options.
Just a year or so ago, investors and crypto traders hedged their bets on tokens and projects sometimes with little in the way of viable products or services. Roadmaps and whitepapers were what we had to go on. Today, investors can jump into gamified investment platforms like Bomb Crypto and weigh up if they think the game will succeed. Most vitally, using DappRadar to check in on the dapp, gauge the game and its tokens growth through the lens of active users and transactions.
This investor trend is most noticeable right now in games like DeFi Kingdoms on Harmony, Crabada on Avalanche, and Farmers World on Wax. Additionally, play-to-earn and GameFi dapp tokens seem to be holding up well against BTC’s recent correction.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds ETH, BTC, AGIX, HEX, LINK, GRT, CRO, OMI, IMMUTABLE X, ENS, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, SPS, WRLD, ATOM, and ADA.