Chicken Derby Seek New Ownership and Funding Opportunity

The builders of Hen Derby have lately introduced that they’re exploring the potential of promoting the sport.

The choice comes as they search new funding or a possible purchaser to proceed its growth. Early discussions are underway, however the course of might take a while earlier than any concrete selections are made.

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

What’s Hen Derby?

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

Gamers personal distinctive rooster NFTs, every with distinct traits and talents, which they will 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 important 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 economic system with $BAWK and $JEWELS tokens. $BAWK is earned by means of staking in Hen Racing Corporations (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 sport’s economic 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 staff has assured gamers that the sport will proceed to function through the transition, the long-term influence of latest possession stays unsure.

The neighborhood is worried about doable modifications that would have an effect on gameplay, tokenomics, or general participant expertise. Then again, new possession may carry contemporary funding and sources that will help additional growth and progress.