The play-to-earn crypto gaming industry has exploded in popularity in recent years as the pandemic took a toll on people’s earnings. Blockchain gaming firm Spielworks aims to drive this industry further by building an ‘ultimate blockchain gaming platform’. And to achieve its goal, Spielworks is releasing its native WOMBAT token, intended to increase the rewards for gamers as well as to increase their participation in the future course of the gaming platform.
Berlin-based Spielworks was founded in 2018 by Swen E. Hallasch and Adrian Krion. Spielworks brings the benefits of blockchain to mass-market gaming: True ownership of digital assets, secure handling of tokens and comfortable interaction with exceptional blockchain games.
Spielworks offers gamers one of the fastest-growing Web3 gaming-first ecosystems. With a total of 2.4 million signups, it has got 65,000 daily users, with 250,000 users logging in every month. Its partnership network includes around 20 game publishers and studios, who had over 1.2 million NFTs minted for them in the ecosystem.
The introduction of WOMBAT token is expected to drive Spielworks’ gaming ecosystem to a whole new level. Spielworks’ CEO Adrian Krion told in a statement shared with AlexaBlockchain that the WOMBAT token will offer the community more say on its development and growth – enabling wide array of new products and services.
“It will move us evermore closer to our end goal of becoming the ultimate blockchain gaming platform, complete with a robust, sustainable, and bustling economy powered by its own token,” Adrian said.
The $WOMBAT token launch will add another pillar to the Wombat Web 3 Gaming platform, which includes the Wombat Wallet, the crypto rewards platform Womplay and NFT staking game Wombat Dungeon Master counting 600,000 staked NFTs.
By completing missions and quests, players will earn $WOMBAT tokens and receive access to a wide array of new possibilities such as prime subscriptions and VIP status. Holders will also be able to suggest and vote on future blockchain integrations and partnerships with the token’s governance functions.
The $WOMBAT token will be initially released on the Ethereum blockchain, with a hard maximum supply of 10 billion. 3 billion or 30% of the total supply has been earmarked for community rewards reserve.
The token will see a wide array of use cases within its larger blockchain gaming ecosystem, including a premium subscription, product and service purchases, and staking.
Pushed into the spotlight by Axie Infinity, the play-to-earn giant, blockchain games are now making their first inroads into the mainstream gaming platforms such as Epic Game Store. Moving forward, some commentators already see them as the next paradigm for the entire gaming industry. In fact, Reddit’s co-founder Alexis Ohanian believes that 90% of the gaming companies will adopt a play-to-earn model in the next five years.
So, the shift has started towards P2E. And. this may be the reason Adrian’s team decided to launch their $WOMBAT utility token amid a strong bear market.
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