Snook Expands to Arbitrum, Launches USDC Rewards and More

Snook charts a new course for Web3 games by expanding to Arbitrum.

Three snake characters floating around in outer space.
Created by Gabor Kovacs from DailyCoin
  • Web3 online multiplayer game Snook is expanding to Arbitrum. 
  • Snook seeks to make its game more accessible with this transition. 
  • Snook plans to use one of the world’s most popular stablecoins to fuel its in-game economy.  

Blockchain gaming remains a dynamic force in the crypto landscape, projected to reach a $85 billion market cap by 2030. However, activity in the industry has recently stagnated, with many projects revisiting their strategies. Snook, on the other hand, is boldly forging ahead and charting a new course for the sector by providing new opportunities to its players.  

Snook Moves to Arbitrum

In an exciting development, Snook, an NFT-based online multiplayer game, has announced that it is expanding to the Arbitrum blockchain, bringing new benefits and perks to its dedicated user base.

Following its launch on the Ethereum Layer-2 network, Snook players will gain unprecedented freedom to choose their preferred chain based on trends, gas fees, and other factors. 

The integration of Circle’s renowned USDC stablecoin as an alternative to Snook’s native SNK token adds to the intrigue of the integration. By incorporating USDC, the Web3 game aims to make the game more accessible for gamers by offering them a chance to earn rewards in stablecoins. 

Snook has also decided to move from its SNK-powered tokenomics to a stablecoin-based economic model on Arbitrum. Effective September 28, Snook’s treasury smart contracts will start collecting $USDC instead of $SNK, allowing the Web3 game to enhance its in-game economy by diversifying its holdings with stablecoins. 

On the Flipside

  • At press time, Arbitrum stood as the fourth largest project in terms of DeFi TVL, boasting over $1.7 billion. 

Why This Matters

Snook’s transition to integrating USDC at its core is a major leap forward for the industry and will significantly lower the barrier for players to enjoy its game. 

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Author
Insha Zia

Insha Zia is a senior journalist at DailyCoin covering crypto developments, especially in the Cardano ecosystem. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.