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    Home»NFT»Chicken Derby seeks new ownership and financing opportunities
    NFT

    Chicken Derby seeks new ownership and financing opportunities

    Comic VibeBy Comic VibeAugust 12, 2024No Comments2 Mins Read
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    The developers of Chicken Derby recently announced that they are exploring the possibility of selling the game.

    The decision comes as they seek new funding or potential buyers to continue their growth. Early discussions are ongoing, but it may take some time before any concrete decisions are made.

    According to a recent update shared on the official Discord server, the team is in the initial stages of negotiations with multiple interested parties. While the game remains running, it has been placed into maintenance mode as the team continues to cover operating costs and address critical issues.

    What is Chicken Derby?
    What is Chicken Derby? Source: Chick Derby

    What is Chicken Derby?

    Launched in 2021, Chicken Derby is a blockchain-based game on the Polygon network.

    Players own unique chicken NFTs. Each chicken has unique characteristics and abilities and can be bred, traded, and competed. The game features multiple race types affected by factors such as terrain, track length, and chickens’ hidden attributes, making each race dynamic and unpredictable.

    The game has attracted widespread attention since its launch and has seen more than 100,000 games played with over $1.5 million in stakes. The initial NFT series sold out quickly, raising over $1.5 million, and the game has since surpassed $10 million in trading volume.

    The game features a dual-token economy, including $BAWK and $JEWELS tokens. $BAWK is earned by staking in the Chicken Raising Company (CRC) and by staking chickens, while $JEWELS is required to participate in the competition and can be purchased using $USDC. Both tokens play a key role in the game’s economy, providing players with multiple ways to participate and earn rewards.

    Digital Chicken Derby
    Digital Chicken Derby Source: Chick Derby

    What does this mean for the future of gaming?

    Potential sales of Chicken Derby raise questions about the future of the game.

    While the development team has assured players that the game will continue to operate during the transition period, the long-term impact of the new ownership remains uncertain.

    The community is concerned about possible changes that may impact gameplay, token economics, or the overall player experience. On the other hand, new ownership can bring new investments and resources to support further development and growth.

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