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‘Snaky Cat’, an Ethereum Layer 2 (L2) that Coinbase is incubating, has been released on Base chain, marking iCandy Interactive Limited’s (ASX:ICI) newest foray into the Web3 gaming arena. iCandy hopes to improve the game experience by integrating Web3 components into “Snaky Cat” in partnership with Animoca Brands, a significant leader in digital property rights for gaming and the open metaverse.
With more than 370 million players worldwide, iCandy is one of the most well-known game producers in Australia and Southeast Asia. The iCandy subsidiary company Appxplore, which is well-known for its inventive mobile games, is the creator of “Snaky Cat.” The studio’s standing in the market has been strengthened by recognition it has earned, such as Google Play’s Best Game of the Year honors.
‘Snaky Cat’ unfolds as a multiplayer Web3 title, offering players control over a distinctive feline character with a snake-like body. The game’s premise involves the cat consuming food to elongate its body. What sets ‘Snaky Cat’ apart is its integration of the Web3 dimension of Play-and-Earn. Players engage in a cryptocurrency prize pool denominated in TOWER tokens, the governance and utility token for the TOWER ecosystem, encompassing games like ‘Crazy Kings,’ ‘Crazy Defense Heroes,’ ‘Chaos Kingdom,’ and ‘Snaky Cat.’
Base chain, Coinbase’s Ethereum Layer 2 solution, serves as the secure, cost-effective infrastructure for ‘Snaky Cat.’ Launched by Coinbase, one of the largest U.S. crypto exchanges, with a staggering quarterly trading volume of US$92 billion, Base is designed to usher in the next billion users to the blockchain.
“Snaky Cat” incorporates straightforward yet engrossing gaming principles as a nod to vintage snake games. By guiding their cat figures to eat food droplets, players may extend their cats within a predetermined time limit. Securing uncommon power-ups, outwitting rival players, and avoiding collisions are where the competitive advantage resides. The Play-and-Earn idea is introduced in “Snaky Cat,” where players compete for TOWER tokens by moving up the leaderboard.
With a focus on ‘Snaky Cat’s’ contribution to an established token and utilizing an already-existing community, Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm about the product on Base. With its debut, Base chain’s economic effectiveness has made a major advancement toward widespread use possible.
Chairman of the iCandy group Kin Wai Lau underlined the company’s dedication to Web3, saying, “We are thrilled to collaborate with Coinbase and Animoca Brands on the launch of ‘Snaky Cat.'” We genuinely think that Web3 will improve the game industry.”
“Launching Base has been an exciting journey,” said Jesse Pollak, the creator of Base, who expressed his delight about the changing landscape. He also expressed interest about initiatives like “Snaky Cat,” which are pushing the boundaries of on-chain gaming.
‘Snaky Cat’ presents itself as a significant step towards a more inclusive and connected digital future through a dynamic fusion of nostalgia, innovation, and the Play-and-Earn revolution.