The web3 market has had two highly audible years: the roaring bull market of 2021 and the tumult of the unfortunate news rattling through 2022. Despite the market upheaval, developers have kept working, and advancements in web3 infrastructure and apps have sped up. Financial institutions, consumer brands, gaming firms, and social platforms are just some organizations rapidly adopting web3 technology.
With the advancement of technology, web3 has revolutionized the gaming industry. According to Grandview Research, the market is predicted to grow from USD 220.79 billion in 2022 to USD 583.69 billion by 2030 at a CAGR of 12.9%, demonstrating a huge paradigm shift in the sector.
To seize advantage of the untapped potential of web3 gaming MixMob has announced its “Got SUD$” campaign, launching its in-game currency in the latest Alpha release of its game MixMob: Racer 1.
The Future of Web3 Gaming
The release states that SUD$ may be used to enter Arenas, where players can compete in Rookie, Hero, or Degen modes to earn more SUD$. Users can still make SUD$ by using the game’s new streaming and wagering features if they do not want to race. Additionally, SUD$ may be used to purchase digital collectibles; season passes, and other items.
MixMob’s in-house data scientists analyzed the economics with millions of simulations and then designed a system that will be sustainable for the project and its players. MixMob users exchange real-world money for SUD$, an acronym for Subdomain Dollars. This virtual currency takes its name from the subdomain where the whole MixMob community resides. SUD$ are utilized in the game to enter racing competitions, wager, purchase digital items, and more.
Because the primary purpose of SUD$ in this update is to enhance the game significantly, they are only available for acquisition or winning via MixMob’s MixLab in predetermined bundles.
Playing the game, inviting friends, or having a Gen0 Mask from MixMob are great ways to rack up SUD$. According to the release, players who have previously participated in MixMob tournaments, staked their Masks, or campaigned to become MixMob MVPs have all accumulated SUD$ that may be used in-game.
Lucrative Perks for Early Participants
Everybody who has a Gen0 Mask can access Alpha V3. The public will be able to access the game on January 24th, 2022, via a URL released that day. Players in Alpha V3 will be able to engage in PvP and PvE races. Each participant in the community will be provided with a unique referral link that can be used to invite their friends and earn further perks.
At the heart of web3 gaming is the blockchain, which allows for anonymous, decentralized transactions. The adoption of blockchain technology opens the whole game world to players and owners. By utilizing characteristics of the blockchain, such as decentralization, immutability, and transparency, the web3 ecosystem vastly enhances the gaming experiences of its players.