Chicken Derby Seek New Ownership and Funding Opportunity

The builders of Chicken Derby have just 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 improvement. Early discussions are underway, however the course of might take a while earlier than any concrete selections are made.

In keeping 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 important points.

What’s Chicken Derby?

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

Gamers personal distinctive hen NFTs, every with distinct traits and skills, which they’ll breed, commerce, and race. The sport options numerous race sorts influenced by components like terrain, monitor size, and a hen’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 bought out shortly, 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 Chicken Racing Firms (CRC) and by staking chickens, while $JEWELS are required for race entries and will 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 Chicken 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 recent possession stays unsure.

The neighborhood is worried about potential modifications that might have an effect on gameplay, tokenomics, or total participant expertise. Then again, new possession might deliver recent funding and sources which will assist additional improvement and progress.