CryptoBlades Launches Comeback After Nosedive
The Punters Pick #21 - Play-to-Earn platform attempts rebound with land sale
CryptoBlades, once the hottest play-to-earn gaming platform in the blockchain industry, has announced a new feature that it hopes will revive its flagging fortunes. After a meteoric rise, the platform crashed after structuring issues and user disapproval. The rise and fall took place over the course of a few months, which makes the latest announcement crucial for the platform’s future.
In the latest version of The Punters Pick, we highlight the CryptoBlades’ new features and look at some of the issues the platform first encountered. We also highlight one possible solution to the core issue CryptoBlades encountered. However, we’ll first highlight our progress via our software development update.
CryptoPunt software development update
We continue to make rapid progress towards the alpha release of our next-generation gaming platform. As part of our commitment to providing gamers a secure and sublime experience, we continue to test our platform for bugs rigorously. Here are a few highlights from this past week.
We refined our mobile UI to provide a sublime user experience for gamers.
As part of our larger testing efforts, we continue to prepare mobile environments for appropriate tests.
🖥️ Other Updates:
We completed testing our staking contracts successfully. We also completed development of the staking functionality’s front end.
Our Black Jack game’s contract is fully integrated from the front end through the back end. The Robot Miner game’s contract is also fully developed, with a few animation-related tasks left for the front end.
Over the next week, we’ll continue testing our staking contract and work on our MultiSig wallet.
We’re excited to take further steps along our journey and continue preparing environments for UAT. We continue to brainstorm ways of creating new games that will appeal to users and drive engagement. CryptoPunt will offer gamers a safe and highly engaging experience and is poised to become a leader in the play to earn ecosystem.
CryptoBlades’ new bid to attract play-to-earn attention
On October 26th, 2021, CryptoBlades officially announced a comeback of sorts by announcing a new land sale on its ecosystem. Gamers can purchase lands of various tiers in the platform’s in-game environment, Kingdom. Prior to this, the team had completed private and launchpad sales on the platform to build initial momentum. The public sale was announced on the project’s Twitter handle as soon as it kicked off, with a five-word tweet saying “Land sale is OFFICIALLY LIVE!”
This announcement comes at an opportune moment for the play-to-earn platform. Once named in the Top 10 of Binance’s MVB (Most Valuable Builder) list, the platform witnessed its native token SKILL rise to an all time high of $184 by July 2021. This rise was driven by the increased attention the platform received thanks to its placement on Binance’s list.
The platform’s user count grew exponentially as well, as gamers flocked to it. At one point, the project boasted over 430,000 users. However, this rise was unsustainable as the development team struggled to scale their platform. A restructuring that left users dissatisfied followed and the token price and user count fell dramatically, to $12 and 10,000 respectively.
New in-game functionality boosts gamer earning potential
The lands feature on CryptoBlades Kingdoms gives players a “Home” in the game and is the first step to participation. With the acquired lands, players can grow resources and generate field armies. They can engage in the guild vs guild games and claim more lands, build kingdoms, defend against attacks, and generally grow their resources.
On the CryptoBlades marketplace, Land can be bought by using either $SKILL or $KING tokens, the CryptoBlades and Kingdoms currencies respectively. Lands come in three Tiers and amount to a total of 135,000 parcels. The control and flexibility enjoyed by a user depends on the tier purchased.
Having learned from their prior experience, the CryptoBlades team is expected to introduce an improved structure to their gaming ecosystem. This should include the adoption of a more sustainable reward system that will not need to be altered midway into the gaming season. This was the pain point during the last outing when the reward mechanism was changed from a fixed SKILL amount to an actual dollar value and turned gamers off.
Blockchain games must be made readily accessible
The abrupt change that CryptoBlades made underlined, amongst other things, the accessibility problem that haunts the play-to-earn blockchain gaming ecosystem. Once the change was made, gamers who were dissatisfied were left with no recourse and couldn’t use their tokens on alternate platforms. Isolation also introduces vulnerabilities into projects, with entire ecosystems dependent on the development team’s vision.
Platforms like CryptoPunt are solving this issue by bringing multiple blockchain games to single platforms. Gaming enthusiasts can easily connect their Web3 wallets and receive exposure to numerous game options without having to jump around the network.
CryptoPunt is a next-generation gaming and gambling Dapp. Underpinned by the Ethereum blockchain, CryptoPunt is positioning itself to be a leader in blockchain-based gaming. Users can start gaming in less than one minute with no KYC or registration process. CryptoPunt will offer a broad suite of games, including an option that has a virtual world and an in-game economy.
Stay tuned, and learn more!