The new gameplay of HuntingNFT detonates the new hot spot of GameFi Nuggets in the market?

“After the launch of the HuntingNFT v2 version, the newly launched garrison gameplay and sacrificial gameplay are bringing considerable and continuous benefits to players, and it is becoming a new hot spot for GameFi Nuggets.”

After experiencing a brief carnival in 2021, as the market turned from cold to bearish in early 2022, the GameFi market also began to cool down. According to Footprint Analytics data, since the beginning of 2022, the market value of the GameFi market has been in a downward trend. This data comprehensively reflects the overall TVL of the GameFi track and the continuous shrinking of the token market value.

Also starting from the beginning of 2022, although the number of GameFi projects is still growing at a relatively rapid rate, the number of active GameFi projects is in a cliff-like decline, and the number of projects operating normally continues to hit new lows.

In fact, the reason why the GameFi track is constantly in trouble is that it is difficult to provide players with satisfactory income. On the one hand, GameFi applications are seriously homogenized after showing a blowout trend. For example, after the explosion of Axie Infinity, dozens of imitation disks appeared. Incentive competition in the track has also caused the GameFi track, which already has a small market share, to fall into a high degree of involution, and the endogenous motivation has declined and revenue has continued to slump.

On the other hand, GameFi itself not only lacks playability, but also its native encryption features hinder its wider capture of users (lack of external increment). The encryption industry is in the early stages of development, and hot money and users are always going back and forth in different industry sectors. Flow, in the case of GameFi’s overall downturn, users continue to lose, and the track has fallen into a vicious circle of continuous downturn.

Although the overall performance of the GameFi market is not good, after the launch of the v2 version in early July, HuntingNFT has attracted the attention of the market with its very impressive earnings. According to the revenue data collected by HuntingNFT, **the highest APR of the game’s Defense mode reached 174,680.91% (July 8), and the average APR has basically been above 4000% since its launch on July 6. The highest daily return rate of the Sacrifice mode is 2146%, that is, if you invest 100u on the same day, you can return 2146u, and the average return rate has stabilized at 100%-200%. On the whole, the current Yield Farming APR of $HNFT is about 150%, and the payback period of the game itself is relatively short. **

In addition, the NFT assets of the HuntingNFT game are also simultaneously opened on the YokaiSWAP platform. Up to now, the highest market premium for equipment assets and White Fat Dragon has exceeded 500%. At the same time, the trading volume is gradually increasing. Made a lot of money out of it. HuntingNFT has also become a new hot spot for GameFi Nuggets in the near future.

HuntingNFT v2 opens a new GameFi value flywheel

HuntingNFT itself is an original GameFi project initiated by Nervos global community volunteers, and has always been governed in the form of a DAO. The project has been active in the market since the launch of the v1 Beta internal test version in the fourth quarter of 2021, and finally released the V2 version in July 2023 to open the economic model, and landed on YokaiSWAP DEX at the same time. More CEX exchanges may be listed.

Since the release of the earliest version of the project, **HuntingNFT has been able to maintain its popularity over a period of nearly two years. **In fact, the GameFi market itself is an emerging market with rapid iterations. The life cycle of most GameFi projects usually does not exceed half a year, which is also in stark contrast to HuntingNFT.

In November last year, when HuntingNFT launched the v1 version, we introduced the HuntingNFT game mechanism in detail. After v2 was launched, it further opened up new gameplay based on v1, including garrison and sacrifice.

At present, HuntingNFT v2 itself contains several main game elements of Dragon Scale NFT, Dragon Scale Equipment NFT, and White Fat Dragon NFT. Among them, the dragon scale NFT is the basic NFT element of the game. This asset can be exchanged with Nervos L2 CKB in the game to start the battle mode.

Dragon scale equipment NFT includes helmets, breastplates, shields, wings and swords (collect 5 different pieces of equipment to summon White Fat Dragon NFT in Castle Night), currently level 1 to 5 equipment can be obtained through battle, 6 to 10 Level equipment will be released in future game modes.

White Fat Dragon NFT can be used to participate in GameFi games such as garrison and sacrifice, and obtain daily income, sharing and sacrifice rewards from the HuntingNFT platform.

The HuntingNFT v2 version mainly includes hunting mode (consuming dragon scales to hunt evil dragons to obtain equipment), garrison mode (obtaining rewards through White Fat Dragon NFT defense, APR ranges from 2000% to 8000% in recent days), Sacrifice method (sacrifice the White Fat Dragon NFT to get a one-time reward, daily sacrifice reward pool is set to 104,722 $HNFT, the rewards of the sacrifice pool are shared by the White Fat Dragon sacrificed every day). The considerable game revenue also allows HuntingNFT to capture a large number of active gamers.

Please refer to the game manual for details on how to play the game.

Gitbook link:

● Economic Model

HuntingNFT has built a set of economic models with the characteristics of “recycling”. **The full-cycle value generated by players from acquiring NFT game assets to sacrificing White Fat Dragon will be used to feed back the ecological development and the $HNFT secondary market. Develop ** to ensure the positive cycle of ecological value and the long-term effectiveness of the development of ecological economic model.

In addition, in the HuntingNFT game, the CKB income released by the dragon scale NFT that game users participate in the battle every day will be automatically transferred to the trading robot address of Nervos L2 Godwoken, and the intelligent quantitative robot will buy $HNFT while executing the market-making strategy of the day After that, it will be transferred to the garrison reward pool of the day for distribution, forming a virtuous cycle from NFT Mint to the secondary market value support and a virtuous circle, ** and is expected to promote the further rise of the currency price itself.

So we can see that all game parts in HuntingNFT game v2 can generate full game revenue. These revenues themselves are not generated out of thin air, but more from the external market value and economic recycling.

On the one hand, **HuntingNFT applies all the incremental value of users to the incentive token $HNFT to help it continuously capture external value and build a stronger value moat. **On the other hand, the $HNFT asset itself does not have an early private placement and public offering process, and the initial liquidity is completely generated by game behavior incentive airdrop distribution. This means that $HNFT assets are held in a decentralized manner (currently holding addresses have exceeded 20,000+). With the launch of the v2 version of the game, the considerable income has also brought the game itself a high degree of attention. The Twitter fans of the project have also exceeded 20,000, and the Discord community is very active. HuntingNFT has become the most popular GameFi in recent stages. one of the games.

In addition, after landing on YokaiSWAP DEX, it is also continuously reaching cooperation with industry partners. In the future, $HNFT is also expected to be listed on various CEX platforms. It can be seen that since the launch of HuntingNFT v2, the value flywheel of the game ecology has also been officially opened.

Have the ability to capture users more widely

In addition to building a solid and sustainable game ecosystem through a reasonable economic model, HuntingNFT itself also has a wider ability to capture users. **HuntingNFT is connected to the Nervos L2 Godwoken EVM network. Users can use mainstream wallets such as Little Fox, TP, Safepal, and Imtoken to play games using 0x addresses. **In addition, the chain has a more flexible underlying model and rich basic components, which can lower the cost of data on-chain and transfer of NFT between game accounts, effectively reducing the cost of user participation, while providing users with lower Barriers to entry, safer and smoother game experience, and further ability to serve players on a large scale.

Since 2023, Vitalik Buterin, the founder of Ethereum, has publicly proposed the vision of Ethereum abstract accounts many times at ecological conferences such as the Ethereum Montenegro Conference and the Paris Ethereum Community Conference (EthCC). It is an important factor for the long-term development of the Web3 world, and abstract accounts will be an important technical solution to achieve this goal. Currently, HuntingNFT game assets are confirmed by abstract accounts on L1, and transactions occur on Godwoken Layer2, which further guarantees the security and transaction speed of assets on the chain, which also fully reflects the forward-looking of HuntingNFT sex and trend.

The bottom layer of POW is more long-term narrative

Previously, the SEC listed some encrypted assets as securities, most of which were encrypted assets with POS characteristics, including Solana (SOL), Cardano (ADA), Polygon (MATIC), etc. caused panic. For POW assets, they are not regarded as securities that must be registered and regulated. This is a long-term benefit for POW tokens such as BTC, BCH, and CKB, and is expected to usher in a new round of explosion in the future. We have seen that HuntingNFT itself is highly bound to the Nervos Network ecology, especially some game asset NFTs and other highly anchored CKB tokens, may become the biggest beneficiaries.

From another perspective, although the vast majority of POS bottom layers already have a sufficiently dispersed distribution of verifiers, uncertainties such as regulation and the market will threaten its security. The POW consensus mechanism itself has more advantages and disadvantages in terms of security. Narrative space, so application ecology such as HuntingNFT, which is originally built under the POW system, is expected to gain benefits. **

Summarize

HuntingNFT continuously captures external market value based on its own circular economic system, and captures users more extensively in a more forward-looking and trendy way, with long-term narrative.

The GameFi market has been silent for a year, the early leading ecology is gradually declining, and the emerging ecology is difficult to resist the short-lived market cycle. With the launch of HuntingNFT v2, it is helping the GameFi market that has been silent for a long time to get out of the haze. The continuous and considerable income it can provide is the best proof of the rationality of the ecological value system. open.