Chicken Derby Seek New Ownership and Funding Opportunity

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 improvement. Early discussions are underway, however the course of could take a while earlier than any concrete choices are made.

In line with a latest replace shared on the official Discord server, the workforce is within the preliminary phases of talks with a number of events. While the sport stays operational, it has been positioned in upkeep mode because the workforce continues to cowl working prices and deal with essential points.

What’s Hen Derby?

Launched in 2021, Hen Derby is a blockchain-based recreation on the Polygon community.

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

The sport has garnered vital consideration since its launch, with over 100,000 races carried out and greater than $1.5 million in wagers positioned. The preliminary NFT assortment offered out rapidly, 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 way of staking in Hen Racing Firms (CRC) and by staking chickens, while $JEWELS are required for race entries and might be bought with $USDC. Each tokens play key roles within the recreation’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 Hen Derby raises questions on the way forward for the sport.

While the event workforce has assured gamers that the sport will proceed to function throughout the transition, the long-term impression of latest possession stays unsure.

The group is anxious about attainable adjustments that might have an effect on gameplay, tokenomics, or general participant expertise. Then again, new possession might convey recent funding and sources that will assist additional improvement and development.