Superpower Squad (SPS), a multiplayer online battle arena (MOBA) game with over 200,000 downloads on App Store and Google Play, launched in December 2022 and surpassed 100,000 downloads in mid-January. Revealed the challenges of building GameFi in the midst of a bear market.
SPS supports up to 20 players to compete in five minute battles. Players can acquire NFT heroes and create digital wallets directly in the game to use for earning and transferring rewards. No prior crypto experience was required, and the game took almost three years to complete. Pony, the lead game architect at SPS, revealed the challenges faced during that time:
“Compared to other projects in that industry. Game development is a long journey of time, effort, and money. Superpower Squad is almost done developing all the functionalities. It cost only 3 million dollars in cost. But during a bear market The entire industry finds itself in financial trouble.”
Pony explained that despite concluding an investment agreement with It was already suspended after “two black swan incidents” and affected the industry. cryptocurrency Last year, in addition, the game developer said Financing has become difficult. Because some bad actors have tarnished the reputation of the entire industry.
“After Axie Infinity became popular, We’ve seen a lot of junk GameFi projects come out. And most of them have little or almost zero gameplay. In addition, some projects only have a white paper, after which the GameFi movement passed, some of these projects disappeared or changed their names. Because it’s too difficult to develop a good GameFi project and don’t know how much money and time will be invested, some GameFi users lose a lot of money. After the GameFi trend is over.”
SPS enters the market at a time when sentiment is bottoming out. “We face massive bias from organizations and most of them refuse to recommend our project to users. Therefore, we are grateful to our partners who have been by our side, such as KuCoin, OKX and BNB Chain, and their support over the years.”
Since its launch, SPS has built its own marketplace for in-game NFTs, and its own token, SQUAD, has been listed on KuCoin. As for the next step, Pony said the development team will be working on a rental function. to complete
“In this way, users with a large number of NFTs will be able to rent them out to generate income. And users who do not have enough money to buy NFTs can earn money through rentals.” Currently, the game has approximately 42,000 daily network transactions and 4,400 daily active users. Creation of over 44,000 in-game wallets
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