Blockchain game developers are coming up with new ways of giving away tokens while also incentivizing players not to immediately sell them off. This is evident both in the case of Pirate Nation’s PIRATE and Mocaverse’s MOCA tokens and their respective staking options.
As for the latest example, Boomland has worked out an innovative method to reward players of Hunters On-Chain’s current play-to-airdrop campaign.
Crucially, its BOOM token isn’t yet live on the Immutable zkEVM blockchain, which the game is operating on, which means Boomland can’t give away any BOOM right now.
To solve this issue, Boomland will instead give away BOOM tokens in the form of bundled ERC1155 NFTs.
Called BOOM Bags, these will be demarcated in units of 1,000 to 100,000 BOOM tokens. Current Season 1 bags will have a redemption date of month 0 or month 1. Month 0 refers to the token generation event for BOOM on Immutable zkEVM, sometime later in 2024.
Season 2 bags will either have month 1 or month 2 redemption date.
These NFTs will, however, be immediately tradeable, like any other NFT in Hunters On-Chain.
This means players can sell their tokens but because they can only be sold as discrete NFTs – and time dependent ones at that – price discovery will likely be more nuanced.
In addition, any BOOM Bag NFT can also be immediately burnt for offchain BOOM tokens that are used to level up in-game hunter characters.
Given the game has its forthcoming Season 2 play-to-airdrop campaign due soon, this will drive demand for offchain BOOM for players who want to maximize their position in Season 2, and hence their next future allocation of BOOM.
And neatly, this approach should restrict the selling of BOOM NFTs, while also providing a strong in-game utility for the token, which is exactly what game developers want to see when they launch a token.
