Snook is an online ‘kill-or-be-killed’ multiplayer game that has mechanics resembling those of the classic Nokia game Snake. On that note, Snook recently announced its launch on the Arbitrum blockchain aiming to attract more users.
The game initially was operated on its native, in-game token $SNK, however, the latest move will enable gamers to use the $USDC stablecoin as well. Arbitrum is described as a fast and popular Layer-2 scaling solution for Ethereum.
A Fresh Model In Gaming
What is unique about Snook is its play-to-earn model, where in-game characters are well-represented as non-fungible tokens (NFTs). Unlike traditional games, Snook’s gameplay achievements are permanently recorded on the blockchain. That adds an extra layer of value to the characters, as well-preserved NFTs can be sold on the secondary market.
As long as they survive, Snook NFTs can engage in many battles and games, boosting their attributes to maintain or even boost their worth as both a collectible and a digital asset.
Based on a report by Fortune Business Insights, the global skills-based blockchain gaming market size is expected to grow from $35.61 billion in 2023 to over $85.3 billion by 2030. Snook is contributing to the market trend, enabling gamers to boost the value of their in-game NFTs via skill and time investment.
Skill Pays In Snook: Now Highly Accessible On Arbitrum
Snook simplifies the onboarding process for players, allowing them to commence and earn rewards according to their gaming skills, rather than the size of their investments. By offering the game on the Arbitrum blockchain, players have the flexibility to choose the network that aligns with their preferences, including factors such as reduced fees and the storage location of their cryptocurrency.
Furthermore, earning rewards in $USDC adds another layer of attraction to Snook, attracting a bigger range of Web3 gamers. This is specifically relevant for those who already use and hold $USDC, a widely accepted U.S. dollar-pegged stablecoin, therefore expanding the game’s global player base.
Stablecoin-Based Economy And Community Feedback
In the past, the game operated with tokenomics centered around the $SNK token. However, Snook is now in the process of shifting towards an economic model based on stablecoins. Consequently, Snook’s treasury smart contracts will start accumulating $USDC instead of $SNK.
The Snook team is confident that this transition can improve the in-game economy and broaden its appeal to a diverse audience, encompassing blockchain gamers, DeFi enthusiasts, and other Arbitrum users.
A representative of Snook stated:
“We are super excited to offer an opportunity for players to play and use a stablecoin in a skill-based game as part of our proof-of-concept. By offering Snook on Arbitrum, we’ll be able to gather valuable feedback from the community to determine if stablecoin assets are more appealing to users than the naturally volatile $SNK token.”
By transitioning from the native token $SNK, to a stablecoin-based economy with $USDC, the game is opening new possibilities. That aligns Snook with the booming skills-based blockchain gaming market, which, as already seen, is expected to thrive exponentially by 2030.
Moreover, Snook provides a competitive gaming environment where player skills are front and center. Through gameplay, players earn respect and increase the value of their Snook NFTs. By boosting their in-game skills, gamers can unlock special skins and earn rewards, payable in either $SNK or $USDC, according to their performance. This game is available on the Arbitrum network now.
