Rooster Derby Search New Possession and Funding Alternative

The builders of Chicken Derby have just lately 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 selections are made.

In line with a current replace shared on the official Discord server, the crew 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 crew continues to cowl working prices and handle essential points.

What’s Rooster Derby?

Launched in 2021, Chicken Derby is a blockchain-based sport on the Polygon community.

Gamers personal distinctive rooster NFTs, every with distinct traits and skills, which they will breed, commerce, and race. The sport options varied race sorts influenced by elements like terrain, monitor size, and a rooster’s hidden attributes, making every race dynamic and unpredictable.

The sport has garnered important consideration since its launch, with over 100,000 races carried out and greater than $1.5 million in wagers positioned. The initial NFT collection sold 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 financial system with $BAWK and $JEWELS tokens. $BAWK is earned by staking in Rooster 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 financial 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 Rooster Derby raises questions on the way forward for the sport.

While the event crew has assured gamers that the sport will proceed to function through the transition, the long-term affect of recent possession stays unsure.

The neighborhood is anxious about doable modifications that would have an effect on gameplay, tokenomics, or total participant expertise. However, new possession may carry recent funding and assets that will help additional growth and progress.