The builders of Hen Derby have not too long ago introduced that they’re exploring the potential for promoting the sport.
The choice comes as they search new funding or a possible purchaser to proceed its growth. Early discussions are underway, however the course of could take a while earlier than any concrete choices are made.
In line with a current replace shared on the official Discord server, the group is within the preliminary levels of talks with a number of events. While the sport stays operational, it has been positioned in upkeep mode because the group continues to cowl working prices and handle vital points.
What’s Hen Derby?
Launched in 2021, Hen Derby is a blockchain-based sport on the Polygon community.
Gamers personal distinctive hen NFTs, every with distinct traits and talents, which they’ll breed, commerce, and race. The sport options numerous race varieties influenced by components like terrain, monitor size, and a hen’s hidden attributes, making every race dynamic and unpredictable.
The sport has garnered vital consideration since its launch, with over 100,000 races carried out and greater than $1.5 million in wagers positioned. The preliminary NFT assortment offered out shortly, elevating over $1.5 million, and the sport has since generated greater than $10 million in buying and selling quantity.
The sport makes use of a dual-token economic system with $BAWK and $JEWELS tokens. $BAWK is earned by way of staking in Hen Racing Corporations (CRC) and by staking chickens, while $JEWELS are required for race entries and will be bought with $USDC. Each tokens play key roles within the sport’s economic system, providing gamers a number of methods to take part and earn rewards.
What this implies for the way forward for the sport?
The potential sale of Hen Derby raises questions on the way forward for the sport.
While the event group has assured gamers that the sport will proceed to function in the course of the transition, the long-term affect of recent possession stays unsure.
The group is anxious about potential adjustments that might have an effect on gameplay, tokenomics, or total participant expertise. Then again, new possession may convey contemporary funding and assets which will assist additional growth and development.
