Mining Network is a game that combines free-to-play and play-to-earn mechanics
MiningNetwork is a play-to-win NFT mining game that lives in the WAX Blockchain. Shortly after its release, MiningNetwork ranked third on DappRadar’s ranking, becoming one of the most played NFT games in the Wax ecosystem for the past 30 days.
- The gameplay of MiningNetwork combines free-to-play and play-to-earn models.
- At its core, MiningNetwork is a game that mimics the mining process of mining machines.
- Players can stake their ASIC NFT and start earning rewards called “shares”.
- Players can then sell those shares in exchange for the game’s token, BITCAKE (BTK).
- In particular, MiningNetwork has registered more than 800,000 users, 24 million transactions and a trading volume of 460,711 in WAX during the 30 days.
The current downtrend in the crypto industry may persist for some time, but blockchain gaming seems to be the sector that is most resistant to turmoil. According to the May edition of DappRadar’s industry report, the number of daily unique active wallets that interacted with gaming dapps decreased by only 5% and transaction volume by 6.5% (measured in token value). ) compared to April.
Perhaps immersing yourself in games is a better way to numb the pain, especially when it brings profits to players. Launched later in May, MiningNetwork, an NFT game on the Wax blockchain, witnessed a dramatic increase in user numbers, restoring more than 800,000 unique wallets in the last 30 days. This game had even surpassed Alien Worlds, the most popular Wax dapp in the Wax ecosystem for a certain period.
What is MiningNetwork and how to play it?
MiningNetwork is an NFT based mining game built on the WAX blockchain. The game mode combines free-to-play and play-to-earn models, allowing users to earn rewards by staking NFTs. Furthermore, the game implements unique visual elements reminiscent of those arcade games from the 90’s, but with a touch of modernity.
The gameplay of MiningNetwork is quite simple and straightforward, but it can get quite addictive. At its core, MiningNetwork is a game that mimics the mining process of mining machines, in which users acquire ASIC NFTs to start extracting in-game rewards. The free play mechanic gives each user a free NFT to start playing and get the rewards once after registration.
It is worth mentioning that users can login to the dapp with their Wax wallets. For those who have not yet created a Wax wallet, the following step-by-step video tutorial will guide users through the procedure.
More importantly, having a Wax wallet also allows users to explore a wide range of games on Wax, such as Alien Worlds, Farmers Worlds, and Blockchain Brawlers.
P2E mechanics explained
Now let’s take a closer look at the playing to win part. The main goal of this game is to collect the rewards as much as possible. To start mining, players need at least one ASIC NFT and can simply use the free one released by MiningNetwork. Users then click the opt-in button, approve the transaction, and mining will begin immediately. After a few minutes, players will be able to see the “shares” distributed on their accounts. As simple as that? Yes!
However, to earn higher shares, players need to upgrade the ASIC level and thus the mining power. How to do it? Users can spend some BTK on upgrading their ASICs to achieve a higher level of mining power. Also, buying more ASICs directly from Wax’s NFT marketplace AtomicHub can also get mining power. This approach aims to expand the mining scale.
Once players have earned a significant number of shares, they can sell these shares for BTK tokens. In the future, BTK will appear on exchanges, which means that users can sell them for other cryptocurrencies.
Impressively, MiningNetwork has recorded over 800,000 users, 24 million transactions and 460,711 trading volume on WAX over the 30 days. The rapid rise in popularity of MiningNetwork is likely due to its free mechanics, which allow everyone to start earning at almost zero cost. Additionally, the easy-to-understand gameplay greatly lowers the barrier to entry for users, which could allow the game to expand to a larger audience.
DappRadar will continue to monitor the latest developments on the MiningNetwork, Wax, and the field of playing to win. Follow us TwitterDiscord and Youtube to keep up with the dynamic world of the blockchain.
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