Imagine cute, fluffy unicorn on the Polygon blockchain that you can use to play and earn
Crypto Unicorns officially launched its game space on May 2. To play the game, players need to acquire a Unicorn NFT and a Land NFT. After that, players can start to collect, breed adorable Unicorns and compete in events for rewards.
- Crypto Unicorn is currently the number one game NFT collection on the Polygon blockchain by transaction volume. The Unicorn NFTs generated $122,250, and the Land NFTs registered $304,140 within the last 24 hours.
- Players need to acquire at least one Land NFT and one Unicorn NFT to start playing the game and reaping the rewards.
- Crypto Unicorn has two tokens, RBW and UNIM, to facilitate the game ecosystem.
Crypto Unicorns is a highly anticipated play-to-earn game living on the Polygon blockchain. A brainchild of Laguna Games, Crypto Unicorns features adorable visual design and a play-to-earn ecosystem. The official game launched on May 2, and its in-game NFTs have already taken over OpenSea on the Polygon blockchain for the last 24 hours.
From the beginning of 2022, the volumes of the two primary in-game assets, Lands and Unicorns, have been increasing steadily as the game got closer to its release date. From a data point of view, Unicorn NFTs have accumulated an all-time volume of around $25 million, $122,250 within the last 24 hours. Land NFTs also had an impressive performance, recording an all-time volume close to $12 million, with the previous 24 hours’ volume reaching $301,140.
Crypto Unicorns gameplay explained
Crypto Unicorns currently offers digital pet crafting and farming. Other gameplay, including Jousting, Racing, and Team RPG, will be introduced over time in 2022.
To start playing, users will need to acquire a plot of Land and a Unicorn from OpenSea. The Land will be activated once players have a Unicorn on it. Therefore these two NFTs are the essential assets to start the game.
The crafting and farming gameplay centers around the Land NFTs. There are four primary components on each Land, with each serving a unique function:
- Farm Slots – Where players can grow Class Berries, which are used for crafting.
- Workshop – Where Unicorns work their magic to produce and craft Materials. Producing Materials requires the player to stake the Unicorn at the Workshop for some time.
- Nursery – Where players breed or evolve their Unicorns. This is also the place where new unicorns are born.
Stables – Where a player can see all their Unicorn NFTs and hold events such as parties in the future. Upgrading the Stables enables Unicorns to recover energy faster.
Lands come in different rarities, meaning that rare lands can produce more. Lands can be divided into Common, Rare, and Mythic, rarity increasing in sequence. The rarer the Land, the higher productivity and the more buffs.
Having your own Unicorn is essential in all kinds of gameplay, and it brings life to the Land. Initially, players can hatch their first unicorn from one of 10,000 Genesis Eggs. Since the Genesis Eggs were all sold out last November, players can only buy hatched Unicorns on OpenSea and then can breed more with two Unicorns.
Each Unicorn has a set of genes that give them unique visual traits, battle stats, and core stats. These stats determine a Unicorn’s ability to compete in a particular type of mini-game to win rewards. So, for example, Jousting and Team RPG would use the battle stats, while Racing would use the Scores calculated by combining the core stats.
Crypto Unicorns Tokenomics
Crypto Unicorn features a dual-token economy that facilitates the play-to-earn mechanics and breathes life into the whole ecosystem.
Rainbow Token (RBW), an ERC20 token with a total supply of 1,000,000,000, serves as the governance token in the Unicorn metaverse. RBW holders can utilize these tokens in various ways, including evolving and breeding Unicorns, staking to vote on crucial governance decisions, and receiving RBW as rewards.
Unicorn Milk (UNIM) is another ERC20 token in Crypto Unicorns’ ecosystem, also serving as a critical material for breeding and evolving Unicorns. Players can earn this token by competing in various events and tournaments. When used in the breeding process, the UNIM token will be burned and thus removed from the supply.
Earn in-game materials with Pioneer Program
Crypto Unicorns announced its Pioneer Program on Wednesday this week. It is a land staking program that will span over four weeks with in-game materials airdropped to the participants.
To participate in the program, players must “lock” their Lands before May 8th, 00:00 UTC. It is worth mentioning that players must keep their Lands “locked” throughout the program to qualify for receiving the weekly rewards. Check out Crypto Unicorns’ Pioneer Program Medium post for details regarding the reward distribution.
As mentioned before, players need to purchase one Land NFT and one Unicorn NFT to start playing the game. Currently, Land NFTs are traded at 0.139 ETH on OpenSea, with 30,000 NFTs belonging to 5,600 holders. Unicorns’ floor price is 1.2 ETH at writing, with 2,800 holders owing 10,000 tokens.
Through these numbers, we notice two issues. First, the holder concentration rate of these two NFT collections is relatively high, signaling ease of controlling floor price. This also brings up the second issue. The Crypto Unicorns game space made its debut two days ago, but it is already difficult for latecomers to experience the game since they need to pay $3,000 to get started. Unfortunately, such a high game participation threshold is probably unfavorable, if they want to achieve mass adoption.