Polygon network, formerly known as the Matic Network, was set in motion in October of 2017. The Indian-founded cryptocurrency was co-founded by three individuals that identified a scalability issue with Ethereum and wanted to solve the problem by providing a sidechain solution. If you’re unfamiliar, sidechains are independent blockchains that are connected to the main Ethereum blockchain and are effective in supporting many gaming and Decentralized Finance (DeFi) protocols available in Ethereum.
The Polygon ecosystem continues to have substantial growth in the NFT gaming market, with many new players and projects building on the blockchain. Thanks to Polygon’s scalable infrastructure, cheaper gas fees, and faster transaction times, it has expanded its presence in the NFT gaming space. That being said, today we’re going to cover three games on the Polygon blockchain you should consider.
- Benji Bananas
- Arc8 by GAMEE
- Planet IX
Benji Bananas is a mobile game launched in 2013. Since its launch, it has continued to have a strong user base, amassing over 50 million downloads across the Apple App Store and Google Play Store. In order to unlock the play-to-earn, NFT gaming features, you will need to link your crypto wallet and hold a Benji Bananas NFT pass. The NFT passes are available on OpenSea, Rarible, LooksRare and Coinbase. Currently the floor price is around 0.05 ETH ($66.75). There are only 5,000 NFTs which could mean significant price volatility.
Ready to collect some bananas? In this game, you’re a monkey and your goal is to collect bananas while you swing through the trees across different worlds. The bananas can be used for upgrading your character and equipment for the monkey. The rewards of the games are divided into four different aspects.
- Distance; the longest distance you achieved in a single game during the season (40%)
- Total Distance; the accumulated value of all the distances you achieved during the season (40%)
- Total Bananas; the accumulated value of all the bananas you collected during the season (10%)
- World; the highest world you achieved in a single game during the season (10%)
You must play a minimum of ten games over the season to be eligible for rewards. If you’ve got a Benji membership pass and you registered prior to the 14th of October (When the current round started) then you are currently able to play and earn until the 27th of October! If you didn’t get a chance to register before then, you’ll need to wait until the next play to earn event to earn $PRIMATE.
- Players holding 1x Benji Bananas Membership Pass and at least 5,000 $PRIMATE will receive a 1.1x multiplier on $PRIMATE rewards earned during the event phase
- Players holding 3x Benji Bananas Membership Passes and at least 10,000 $PRIMATE will receive a 1.2x multiplier on $PRIMATE rewards earned during the event phase
- Players holding 5x Benji Bananas Membership Passes and at least 20,000 $PRIMATE will receive a 1.5x multiplier on $PRIMATE rewards earned during the event phase
The Passes and the PRIMATE tokens must be held under the same wallet address when a snapshot will be taken at the end of the event phase to determine the number of Passes and the token balance held by the player.
5 Passes per wallet is the maximum per player. This will be capped at this multiplier even if the wallet holds more than 5 Passes.
Potential ROI & Price Chart
As of this writing, the price of the PRIMATE is $0.017 USD. As there is an integration with $APE coin, you could have minted the NFTs passes with 25 APE. All holders of Bored Ape or Mutant Ape NFTs received ApeCoin via airdrop on March 17, 2022, and everyone else can get ApeCoin on major exchanges like Coinbase, FTX, and more. Currently $APE is sitting at $5.24.
Users earn an average of 4,000 $PRIMATE after ten rounds. So assuming you play ten rounds and you hold one Benji Bananas Pass for $66.75, your reward after the event will be 4400 $PRIMATE, $74.8 USD. This implies an annual ROI of ~1244%. Remember there is one event per month, 12 in a year.
Per CoinMarketCap, PRIMATE is down 26% over the last three months.
You can stay updated at their Discord, Twitter and Website.
Arc8 by GAMEE
GAMEE is a mobile NFT gaming platform. With over 1.3 million users registered globally, they connect brands, gamers and crypto projects through play. Arc8 is a mobile gaming platform, a virtual arcade where people participate in NFT gaming and earn rewards. The experience is organized around Hubs that are owned by the community.
Arc8, as a competitive platform, uses seasons. The best players compete for big reward pools, sponsored by different partners. During these seasons, players compete in matches and tournaments, and get ranked by their skill level in each of the games. With this, players are matched against other players of similar abilities. Not all skills are the same, which is why they differentiate the leaderboards and ranks by individual games.
GMEE tokens are used to access 1v1 matches and tournaments that offer prize pools for the best players. On top of the matches & tournaments, players can earn daily rewards by completing tasks as well as entering in a special season leaderboard competition. There are three different modes you can play inside the app.
Participants are matched by their skill-level. Entrance fee to the match is paid by both players in GMEE tokens. The prize pools are created from match entrance fees paid by players.
This is a skill-based game competition for multiple players of all levels. The results scored during the tournament are displayed in the events leaderboard, only the highest score by each player is uploaded to the leaderboard. Top players earn rewards from the prize pool, these can be either in the form of sponsor tokens, (who are projects that sponsored the tournament), sponsor NFTs or GMEE tokens. The prize pool is fixed and agreed upon before the start of the tournament.
A sponsored tournamet is the same as the previous tournament but the difference is that the entrance for players is free.
Ready to play?
If you’re bored easily, don’t worry! In Arc8 you can choose between several NFT games. Season three had ten different types of games including, Solitaire Star, Hoop Shoot, Man City Striker, Samurai Hold’em, Pirate Solitaire, Wizards 21, Asteroids, 99 Blocks, Hexonix and Globo Run. Over time, there will be up to 50 games available to be played at once, including live multiplayer functionalities. Check out this Man City Striker gameplay for a better understanding.
Potential ROI & Price Chart
There are three different bets you can place on a 1v1 match. Once you start, you can only bet 0.5 GMEE which earns you 0.9 GMEE if you win. For example, if you win a match where you bet 0.5 and you win, you will profit 0.4 GMEE. Once you level up to gold, you can start betting 5 GMEE, earning 9 if you win. Finally, once you level up to diamond, you can bet 50 GMEE and earn 90 if you win. Currently GMEE price is $0.013 USD. So the minimum required to start playing is $0.0065 USD. Remember there are tournaments where the prize pool is much larger, but you will compete with more players.
Assuming you play ten matches a day and you win all of them you will be earning 9 GMEE per day. A total of 3,285 GMEE a year. As the cost of playing ten matches a day is 5 GMEE, 1,825 GMEE a year, this implies an annual ROI of 80%. Remember you can play more games per day and level up to increase your potential ROI.
Per CoinMarketCap, GMEE is down 5% over the last three months.
Arc8 Hubs are non-fungible tokens representing virtual real estate. Through the ownership of these NFTs, players will have the opportunity to manage hubs, host gaming tournaments, select games & sponsors, set prize pools and thus customize Arc8 experience for the community as well as earn rewards from their activity on Arc8.
You can stay updated about new developments via their Discord and Twitter for more news and NFT gaming developments, check out their website.
Planet IX is a strategy NFT game on the Polygon blockchain. The goal for all Planet IX players is to collect as many PIX as possible next to each other. PIX are small pieces of land you can convert into territories. As a new player you can acquire land through GG Pack drops or through the Marketplace. Your mission is to connect enough land pieces on the globe to form territories which you stake for IXT rewards.
The Marketplace is the place where you can buy, sell and bid on PIX. Use this feature to buy connecting PIX to create and build bigger territories. PIX that you own are green, and PIX available for purchase are red. The purpose of the game is to grow your collection of PIX.
You can also employ your land in Mission Control where you can stake land to start cleaning the planet. If you don’t have any land you can raid other players and help clean their land but keep the bounty. The bounty is Waste, which you can process or burn to receive other consumable NFTs to farm Energy. Facilities create Energy that you can stake for IXT or Planet IX rewards.
Potential ROI and Price Chart
The price for the most common PIX is 0.1 $IXT. Currently the price of IXT is $0.44. Remember, each PIX is different and has different trades. Once you collect ten PIX you can merge them into an Outlier Area. If you collect five Outlier Area, you can upgrade it into an Outlier Sector. After two Outlier Sector you can merge it into an Outlier zone. Finally, after two Outlier zones you can merge it into a big Outlier Domain, the biggest area.
Per CoinMarketCap, IXT is down 60% over the last three months
So, what about staking?
Currently, staking is the only way to earn tokens apart from airdrops. For territory staking, 25% of all revenue generated from GG Pack & Cargo drop sales flows back into the Planet IX economy in the form of Territory staking reward pools. The accumulated IXT is distributed to players who have staked their Territory NFTs. The more AREA NFTs you can manage to gather and stake, the larger share of the pool you will receive. From April to June the NFT staking pool was 10,000 IXT per month. Assuming only 1 person staked the legendary area, that user will receive 10,000 IXT. A total of $4400 USD.
Currently, a user holding two legendary outlier sectors, one uncommon outlier zone, earns a reward of 500 IXT a week, $220 USD. It’s difficult to come up with a definitive ROI as every PIX has a different value and it depends on the player who accepts the bids offered by other users. Currently, the cost of a legendary sector is around 4,000 PIX ($1,760) and the cost of an uncommon zone is around 3,500 PIX, ($1,540). Assuming these numbers, the annual implied ROI would be ~126%.
Stay up to date via the game’s Discord, Twitter and Website.
The Polygon sidechain is a major gaming chain as it allows Ethereum based projects scalability with low fees – which has helped expand its NFT gaming footprint. This has been a brief look at three of the top games on Polygon.
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