PlayNity Report – Q2 2022
The second quarter of 2022 has made the crypto environment very difficult for gaming guilds. Not only the whole crypto market crashed after months of downtrending, but one could also witness Play To Earn gaming efficiency going drastically lower and lower, and finally crashing too. In addition, our home chain Terra Classic collapsed with depegged stablecoin UST being worth almost nothing after only a few days.
Yet we are still here…
The Multi Chain approach saved the token, as we were one of the few projects on Terra Classic who survived the storm. Here is how our current treasury looks like, after the UST collapse and Play2Earn crash:
So, what is the plan?
- Play To Earn inflationary token model proved to be a completely failed approach…
We are working on PlayNity Lands’ Game as our guild’s answer to economically non-effective Play To Earn games on the market. Even though many people think it is impossible, we will soon announce a revolutionary solution with a real deflationary token economy, and we will release a game based on it.
New game token presale will be announced soon. It will be available exclusively for $PLY stakers and PEX points collectors, and by $PLY burning.
- At the moment, games are not as profitable for guilds…
We are holding back a bit and scanning for new trends amongst the crypto games. If any game provides some innovative solutions, we will be the first to ‘catch the wave’. If any major game providers enter into the crypto sphere, we will be early to approach the trend. We’re sure that the revolution in crypto gaming will come, the question is how and when.
- Community of crypto gaming is scattered, but…
We are working on PlayNity Academy to provide a collective place for the crypto gaming world enthusiasts (experts and newbies). Our goal is to unite scattered communities, and together, build ourselves a strong position on the crypto gaming market.
- The next chapter of PlayNity is coming!
While working with top design studios, PlayNity’s branding will be elevated to the best possible quality, as well as the project’s development. First sneak peeks will be shown very soon.