Crypto Corner #10 - Crabada, a fully decentralized Play-and-Earn Idle Game on Avalanche

Purpose: Dive into Crabada - game mechanics + differentiation from other P&E games

🔈 Speakers

Host:

Nico Vereecke - Metacast Host @ Naavik, Investor @ BITKRAFT Ventures

Guests:

Founders were originally working on early DeFi use-cases in 2016, experience in development and tokenomics
Have focused on bringing on game developers + designers to balance out team
Tender has been a long-time gamer; loved many Blizzard titles
Crabada launched in middle of Nov 2021 at ~1000 players, currently >2000 players mid-January 2022
Chose Avalanche because wanted first game to be completely on-chain, Ava devs are shipping on time, low-gas costs b/c of subnets, and felt like similar innovative strength as the early Ethereum community

Excited about bottom-up composability within gaming, but needs more use-cases
Built API’s to easily publish crab NFT’s DNA - have seen lots of tooling built on top of IP already

Fully on-chain idle game played with a team of 3 NFT crabs - 2 current game modes:

Mining : Send crabs for ~4 hours to hunt for treasure
Looting : Pseudo-PvP mode to battle crabs that are currently mining
- More time-intensive + no guarantee for winning = more risk

Three ERC-20 token

CRA : Governance token - given as reward for playing, can also be staked for CRAM
CRAM : Spent on in-game utility, e.g. increase # of crab teams you’re playing with
TUS : Main reward currency earned from Mining and Looting, also the currency for Crabada marketplace

One ERC-721 Crab token

By keeping a treasury of TUS, Crabada has more ability to monitor and regulate a growing game economy w/ liquidity
- e.g. when TUS has positive price action, shows more players are purchasing new Crabada’s
Games with more complex economies such as Crabada bring in different player archetypes that will gamify the financial layer → more robust participation in game + more need for balancing