Snook Launches on Arbitrum to Distribute USDC Rewards

Snook, a multiplayer game, is set to launch on Arbitrum, a layer-2 blockchain solution. This initiative aims to broaden its player base and incorporate USDC, a stablecoin, alongside its native token, SNK.

Snook on Arbitrum: Enhancing the Gaming Experience

Snook is a fast-paced blockchain game that rewards players based on their skill and effort in a competitive environment. Players’ performance directly influences the value of their non-fungible token (NFT) characters, which can be traded in secondary markets.

The platform enhances the gaming experience by ensuring that each player’s in-game character is represented as an NFT, maintaining immutable records of their skills and achievements. If a player’s NFT survives, they can continue to engage in games, improve their traits, and increase their NFT’s value.

Launching on Arbitrum allows the NFT-based game to expand its features, enabling more players to invest their time and effort, ultimately boosting their gameplay experience and the value of their NFTs. This approach guarantees that dedicated players can reap the rewards, earning crypto prizes with each successful game.

USDC Rewards

The game also encourages players to utilize Circle’s stablecoin, USDC, in conjunction with the native token SNK. This strategy could enhance Snook’s attraction and broaden its user base.

To initiate this transition, Snook’s treasury smart contract will now accumulate USDC instead of SNK. This change aims to diversify its assets and strengthen the in-game economy for gamers and decentralized finance (DeFi) enthusiasts on Arbitrum.

In this system, players will receive rewards in both USDC and SNK. USDC rewards can be used to unlock special skins, upgrade characters, and establish themselves as formidable players within the Snook ecosystem.

A representative from the Snook development team indicated that this transition offers players the chance to engage with USDC in a skill-based game, serving as part of their proof-of-concept. By rolling out Snook on Arbitrum, they aim to gather valuable feedback from the community to assess whether stablecoin assets are more attractive to users compared to SNK.

Snook positions itself in a gaming market projected to grow from $35.61 billion to an impressive $85.3 billion by 2030, according to estimates from Fortune Business Insights. To bolster its standing, Snook has been added to a popular platform that boasts over 12,000 users and a trading volume exceeding $224 million.

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