The play-to-earn model has shown an entirely new world to gamers, one that will reward their efforts for spending time in an ecosystem — for example, taking a traditional game like Mario in a play-to-earn model would earn income, as Mario wins a race in MarioKart and defeats his opponents. These earnings would then translate into real money when traded on an exchange, a concept that makes gaming only that much more rewarding. This play-to-earn concept is only possible through the existence of nonfungible tokens (NFTs), which many have gotten to know as digital collectibles that, when put in the right environment, enable users to engage in gameplay like that of a traditional game while resulting in digital rewards that can be sold for real rewards.However, the integration of earning and gameplay is still being determined as developers learn from existing projects. Puppy Planet is one of these games integrating NFT, decentralized finance (DeFi) and GameFi platforms in a play-to-earn model that allows players to hatch pups. Combining innovations from Axie Infinity’s smart contract games, the functionality of ABEYCHAIN and additional opportunities for players to participate in the collectible NFT market. In practice, this environment allows participants to buy and sell NFT pets and use pet mining to earn additional income as they participate in the game. Among other opportunities will be the chance to stake their tokens in a mining pool and earn PUP token rewards.Integrating the ability to play and earn is believed by developers to be possible due to ABEYCHAIN, which has added more than 20,000 active ABEY 2.0 addresses each week and now has over 140,000 participants on the blockchain. The ABEY Foundation co-founder and director Philipp Sauerborn shares, “ABEYCHAIN is one of the fastest-growing blockchains in the world. We are excited to welcome Pupply Planet as the first of many games featured on this award-winning blockchain solution.”With subsequent game releases to follow, players will be given the opportunity to trade, breed and fight on the battlefield. As a result, the canine GameFi offering was released to the public on Dec. 15, 2021, as a first entry point into a greater metaverse.
Recognition as the blockchain solution of the year
ABEYCHAIN was recently recognized as the Blockchain Solution of the Year at the Europe AIBC Awards for 2021, held in Malta in November.Philipp Sauerborn, the co-founder and director of the ABEY Foundation, shares,“This victory is a significant milestone for our developers and the thousands of users who make up the ABEY ecosystem. This prestigious recognition is the result of hard work from our ABEY team and the developers running their apps on our blockchain. We are committed to growing the ABEY ecosystem to bring users the best solution that we possibly can. We are so grateful to AIBC, and its expert panel of judges has noticed our passion.”Met with positive feedback, Puppy Planet has been set to issue 180 million PUP tokens, in which half will be allocated to in-game mining in farming or battlefield environments. The token is currently listed on XSwap, a decentralized exchange (DEX) built on ABEYCHAIN. Any PUP tokens accumulated can be exchanged for USDT or other popular cryptocurrencies with this exchange.Upon the game release, users will gain additional utility for their tokens to purchase NFTs and other props to accelerate the speed their pets can hatch.
A planet taking on growth
To continue providing utility to ABEYCHAIN and growing its communities, Puppy Planet is set for future versions that will include the concept of virtual real estate. With this introduction, players can purchase, own and develop a personalized virtual space in the decentralized ecosystem.Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.