BUIDL we must! - CropBytes Monthly #3
Hey there, thank you for tuning into yet another edition of the monthly CropBytes newsletter.
Kicking this off with a note from Sandeep (CEO, and Founder @ CropBytes) on the what’s happening in the web3 gaming industry.
“The web3 games industry has been quite challenging to navigate after the downfall of all once-major projects losing upwards of 90% of their market capitalization over the second half of 2022. There is also a similar downtrend across other speculative game-related assets – most notably PFP projects and virtual-land NFTs belonging to games that are yet to launch. We’re super proud to tell you that this is not the case with CropBytes which has only seen slow and steady growth in all indicators.
While blockchain gaming has come a long way, there's still a lot of positive development to do before it reaches mass adoption. This is evident in the stagnating number of unique active wallets (around 1 million), NFT transaction volumes (around $500 million), and the number of blockchain games (around 2,000)
But we believe that gaming will be one of the most popular products that will help web3 reach its full potential by connecting with more users. So here we are, building, no matter what.
There's a lot to be optimistic about for the future of the web3 games industry.”
Alright, let’s dig into November 2022 @ CropBytes starting with some numbers that’s the highlight of this piece anyways. :P
💎Avg Assets Market Cap: $17 Million
💎Avg $CBX Market Cap: $3 Million
⛏$CBX Minted: 46.5 Million
🔥CBX Burned: 5.1 Million
Get Paid To Play CropBytes - Coming up!
CropBytes’ service economy model is a true boon to the web3 gaming industry which will revolutionise play-to-earn. Let's explore where we are in the journey to make web3 games mainstream.
The first generation of blockchain gaming was limited by Ethereum's inability to process large numbers of transactions quickly, which meant that games like CryptoKitties couldn't fully realize their potential.
Meanwhile CropBytes remained web2.5 which made it super easy to own game assets. There was also a finished game right from start so players did not have to wait to utilise their assets to grow.
The second era was largely defined by Axie Infinity. The game itself was quite fun and used scalability solutions, but the design flaw that incentivized players to earn money unsustainably ultimately led to its downfall.
Meanwhile, CropBytes worked towards building and strengthening its game economy with no loose ends.
The third era of crypto games will improve upon the previous two by implementing various scalability solutions to game design and economics while retaining an emphasis on fun. Here at CropBytes, after building a sustainable ecosystem, we are now ready to launch the first play-to-earn version of the game that is actually built to last and is backed by strong economics.
<Click here for info on the most revolutionary play-to-earn game model>
Over 1000 memes were made by the CropBytes community members in the most epic meme battle web3 has ever seen.
Check out this compilation by farmer Duck Odd
The CropBytes community is a great place for farmers and creators alike. With different community programs that incentivize creativity, there's a budget awaiting you for anything you might be interested in - writing, designing, developing, and anything else you can think of!
Are you a creator? Join forces with us! - Write to marketing@cropbytes.com to connect with us.
We had a great time at the India Gaming Developer Conference / Web3 Conclave in Hyderabad! It was a great opportunity for web2 projects to meet and interact with web3 projects. We met a lot of awesome people and told them all about CropBytes.
Releases in Nov
➡️Animal intake of food got much realer with the introduction of appetite. No animals will have variable intake of food.
➡️Added a social sharing option so you can let the world know about your achievements in the CropBytes metaverse.
➡️The fun fishing game got even more exciting with changes in logic and graphics.
➡️There is now a dedicated kitchen area where farmers can craft items like Superhero Breed Feed and Pro Mix. Can't wait to let you know all the exciting things coming up in that space.
CropBytes is hiring
Apply here: https://blog.cropbytes.com/jobs/
Until next month, have a great holiday season, we will see you again here in the new year.
If you missed the previous editions of the newsletter, check them out here:
Sep 2022
Oct 2022
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