The early release of a mobile augmented reality game inspired by 'Hunger Games' has sparked excitement among cryptocurrency enthusiasts.
GG.zip, a newly established game studio, recently launched early access for their game 'Solana Hunger Games'. The release caused a significant buzz on Crypto Twitter (Crypto X), garnering widespread attention and excitement.
Since its launch, the game's official account on platform X has gained an impressive following of over 100,000 people. Moreover, the game's website experienced a temporary crash due to the overwhelming response of over 2 million page views within the first 24 hours, according to the founders
Solana Hunger Games, a mobile phone-based Augmented Reality game inspired by the popular Hunger Games series, offers players the opportunity to hunt down treasure and earn rewards. The gaming studio is supported by prominent investors including Delphi Digital's crypto VC arm, as well as influential figures such as Cozomo Medici, Gmoney, Cooper Turley, and several others.
The game, scheduled to launch in the Spring, aims to combine augmented reality (similar to Pokemon Go) with cryptocurrency to introduce a concept called 'ARC' (Augmented Reality Crypto), as coined by GG (not related to Decrypt's GG).
G is a token that became claimable for Solana users starting Monday, based on their level of involvement on the Solana blockchain. Although users can claim the token on the website, it has not been officially released nor distributed to any wallets.
Players will be able to earn G through a referral program. Each player gets 10 invites, earns 20% of the G claimed by their invitees, and earns 10% of their invitees’ invitees claimed G.
'In the game, 'Hunters' will compete against each other to collect as much G as they can. Their progress and achievements will be recorded on a leaderboard showcased on the GG website. The ultimate victor will be the user who discovers and accumulates the most amount of G. Hunters will compete for a growing jackpot of G and the pot will get bigger as more players join the game and trading volume increases.
At present, the game operates on an invite-only basis, but many individuals have turned to platform X to share invite codes. A simple search for 'ggdotzip codes' will reveal available codes that can be utilized to join in on the excitement.
The collapse of FTX in 2022 had a significant impact on the broader cryptocurrency industry, and the Solana ecosystem faced particular challenges as a result of this event.
Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, expressed his concern for various projects that were developing on the layer-1 smart contract blockchain protocol.
"I was more worried about the ecosystem of startups; we didn’t know how exposed teams were,” Yakovenko explained. Solana’s native token, SOL, saw a significant drop in value in the immediate wake of FTX's bankruptcy, with its token trading at $36 in early November 2022 before dropping as low as $12 in the days after the exchange’s collapse.
The Solana team, along with several investors, reached out to numerous teams working on products, services, and decentralized applications to assess the extent of the damage caused by the event. According to Yakovenko, approximately 20% of projects built on Solana had received investments from FTX or Alameda Research, and only 5% of startups within the ecosystem had funds held on the now defunct exchange.
Data indicates that SOL has become the largest holding for FTX and Alameda, surpassing even Bitcoin and Ether. This development raises concerns for the asset, as it has faced potential risks and a significant drop in value due to the fallout of Sam Bankman-Fried's empire.
The current value of FTX's SOL holdings exceeds $4.2 billion, a significant increase from $1.16 billion earlier this year
The majority of FTX's SOL holdings, totaling 42.2 million tokens, are currently locked up and not available for immediate trading. These tokens were valued at $1.16 billion earlier in 2023. However, based on the current SOL price of $75.60, the total worth of these holdings has surged to approximately $4.2 billion.
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