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

In line with a current replace shared on the official Discord server, the group 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 group continues to cowl working prices and handle essential points.

What’s Hen Derby?

Launched in 2021, Hen 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 performed 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 way of staking in Hen Racing Corporations (CRC) and by staking chickens, while $JEWELS are required for race entries and could 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 group has assured gamers that the sport will proceed to function through the transition, the long-term impression of latest possession stays unsure.

The group is anxious about doable modifications that would have an effect on gameplay, tokenomics, or general participant expertise. Alternatively, new possession may convey recent funding and sources that will assist additional improvement and progress.