Combining traditional game architecture, NFTs, and DeFi
Virtual pet game My DeFi Pet has increased its user base by more than 105% week over week as play-to-earn games on Binance Smart Chain start to catch more attention. The NFT infused game on BSC combines DeFi, collectibles, breeding, and battle modes for players to earn DPET tokens.
My DeFi Pet has doubled its user base to 9,230 wallets connecting to the game in the last seven days. Those wallets completed more than 69,000 transactions driving almost $90,000 in volume through the game’s smart contracts.
At the time of writing, it has become the 8th most played blockchain game on Binance Smart Chain and looks to have its sites on a top-five place. If it can maintain its growth over the next few weeks it stands every chance of overtaking The Crypto You, ZOO, and Squid NFT World. Moreover, it’s now within the top 25 games when ranked across all games, and all chains.
What is My DeFi Pet?
My DeFi Pet revolves around a core loop of collecting, breeding, evolving, battling with, and trading pets. The game is broken into different seasons to separate it into smaller parts. A mechanism that the team state complements human tendencies for short-term rewards.
Players have two ways to get started, either summon a Pet by consuming a certain amount of DPET tokens or buy one at auction. A new pet is born every hour at the auction, and bidding with DPET tokens lasts for 24 hours. While combining any two pets will create a new pet that inherits its parents’ genes. Additionally, each pet has particular evolution levels and capabilities depending on its rarity, and players can level up their pet by feeding them DPET tokens.
The DPET tokenomics were designed to incentivize and maximize the interaction between the players and the game. For example, users will be rewarded with DPET and random rewards to encourage them to spend on activities within the system that would promote adoption of the platform, such as spending on purchasing, breeding, or evolving pets or spending time playing games.
Growth for play-to-earn gaming on BSC
It is fair to say that 2021 saw the gamification of DeFi, also known as GameFi, become an essential part of the Binance-branded network. The game category on BSC improved substantially in 2021, boosting usage of the network and the whole industry.
A couple of BSC games stand out. Mobox, a GameFi dapp, crystallized its position as one of the top dapps in the BSC ecosystem. The second one is BombCrypto, a play-to-earn dapp where players battle to gain the game’s currency BCOIN became one of the top 10 most played blockchain games. If BombCrypto, X-World Games, and others can follow Mobox steps, BSC could become less dependent on DeFi, and more engaged with the growing play-to-earn movement.
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, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, SPS, WRLD, ATOM, and ADA.