Crypto Unicorns players to gain more management power by staking their NFT tokens

Crypto Unicorns players to gain more management power by staking their NFT tokens

Quick take:

  • Laguna Games introduces an activity-based governance model to Crypto Unicorns.
  • The Web3 game studio wants to reward the most active players with steering power by letting them stake their NFT tokens.
  • Crypto Unicorns is an NFT game where players collect pets, farm and compete in multiplayer matches, earning NFT tokens.

Crypto Unicorns is introducing a new governance model as it rolls out its second phase of efforts. Created by web3 gaming studio Laguna Games, the game will reward the most active players with steering power by letting them stake their NFT tokens.

Under the game’s version two of staking contracts deployed on Monday, active players who hold onto their tokens for the longest term will have more control power.

Laguna Games announced the new governance model, saying, “Starting today, Crypto Unicorns players who have earned in-game tokens since the game’s launch will be able to wager the NFT tokens.”

Crypto Unicorn rewards players with a variety of NFT tokens, including participation and milestone tokens, as well as voting and board tokens. “These new non-transferable NFT tokens can now be wagered to improve each player’s relative voting power in the game’s governance,” the statement said.

Commenting on the new staking model, Laguna Games CEO Aron Beierschmitt hailed the move as “a big one” and said it demonstrates how governance of blockchain games can give governance power to the community through a decentralized autonomous organization (DAO) without deviating the principles of decentralization.

“What’s really fascinating are these crazy human behavioral experiments,” he said. “Because players have such agency, not only in our game, but with the economy itself, the ability to go in and out (without permission) at will is really crazy.”

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Crypto Unicorns is not the first blockchain gaming community to introduce a governance mechanism based on player activity.

Last June, decentralized gaming community Saga raised $3.6 million in a round led by Animoca Brands to build a player-focused gaming platform called Soulbound. Soulbound will be governed by a community that will be elected based on merit (player contributions to the game ecosystem), rather than the traditional DAO model that gives those who buy the most tokens the most power.

In February of this year, Yield Guild Games, the world’s largest NFT gaming and player management community raised $13.8 million in a token sale led by A16z to accelerate the development of the Soulbound Reputation Token (SBT). SBT tokens can be used as proof of someone’s achievements, credentials and reputation in a gaming ecosystem.

And in March, Game7, the gamified community management platform, launched Summon, a web3 community management protocol powered by soul-bound NFT. The soul-bound NFT evolves as the member contributes to the gaming ecosystem, thereby unlocking higher rewards.

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