Briefly
GUN is about to launch on Solana this Thursday, after initially being launched solely on Avalanche.
The growth goals to decrease the barrier for entry to take a position, however it’s additionally a part of a broader “multi-chain ethos” for Gunzilla Video games.
Gunzilla Video games Director of Web3 Theodore Agranat hinted that the token will increase to different networks, too.
Off the Grid’s GUN token is about to increase to Solana on Thursday after initially being launched completely on Avalanche, which powers the battle royale shooter’s devoted L1 community, GUNZ. A Solana-themed pores and skin pack has additionally been launched for the sport, marking the ecosystem growth.
The transfer is essentially motivated by decreasing the barrier for entry for customers to purchase the GUN token, in addition to a part of what an official X put up known as the mission’s “multi-chain ethos”—suggesting that different chains might be on the roadmap for GUN, as effectively.
“That is according to our aim to make the GUNZ market and its objects, in addition to any video games throughout the GUNZ ecosystem, accessible to anybody—on any chain,” Gunzilla Video games Director of Web3 Theodore Agranat informed Decrypt.
When pressed on whether or not the Solana model of GUN will be capable to be used on the Off the Grid market on launch day, Agranat stated, “Perhaps.” In response to Decrypt’s questioning of which chain GUN may increase to subsequent, he didn’t reply instantly, however stated Decrypt was “asking the correct questions.”
Following the information, the GUN token prolonged its every day losses, with an 11% dive over the past 24 hours to a present value beneath $0.036, per knowledge from CoinGecko.
“We wish to be the most effective place so that you can launch a token, and for you to have the ability to understand: OK, I can join with customers who imagine in my product, have conviction in it, and this market can resolve to the correct value for my token,” Jerry Li, enterprise growth worker on the Solana Basis, stated on an X Areas.
“Off the Grid is a good instance of that, proper?” He added, “It is a mission that’s thriving on the Web2 aspect, and we wish to be sure that the identical image is translated into its Web3 efficiency.”
The GUN token is at present the 73rd largest gaming token by market cap, in accordance with CoinGecko. However given Off the Grid’s personal excessive profile amongst crypto video games and profitable launch to Web2 gamers, the token’s March launch wasn’t met with a flurry of demand. Now it’s down 69% from its peak value.
In the meantime, Off the Grid’s market has continued to see rising gross sales, because it processed $666,600 value of quantity over the previous 30 days, in accordance with DegenRadar. As a part of this rising crypto-economy tied to the sport, large in-game pores and skin gross sales have began to roll in. This consists of the Tacoma Pioneer, which offered for $5,499 on Monday.
That’s why the GUN token’s substantial drop from its all-time excessive mark has been complicated for some buyers, as a result of the sport’s participant base doesn’t look like dropping curiosity. Merchants hope that the growth to Solana will increase the token’s valuation, even when the preliminary value motion following the announcement hasn’t proven that.
“I feel the principal impact this transfer may have is accessibility to newer buyers and decreasing the barrier for entry, versus having to study a brand new chain with a purpose to purchase,” pseudonymous Off the Grid NFT pores and skin collector Cash Magician informed Decrypt. “Maybe not an prompt impact, however it shall be a constructive driver for [GUN’s price].”
It is necessary to notice that present GUN tokens will stay on the GUNZ Avalanche L1, though there shall be an choice to bridge these belongings to Solana if the consumer needs. Finally, there shall be no Solana-related adjustments to the GUNZ community, pockets, or the sport itself.
Pores and skin merchants informed Decrypt that the addition of Solana help for GUN in all probability gained’t transfer the needle a lot for the ecosystem. As a substitute, what they’re ready for is the power for in-game skins to be tradable on OpenSea. The OpenSea integration was pinned by Gunzilla for someday this month.
“That is when actual cash will stream out and in of the skins financial system,” Cash Magician completed.
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