Crypto Gloom

Chicken Derby Seeks New Ownership and Funding Opportunities

The developers of Chicken Derby recently announced that they are exploring the possibility of selling the game.

The decision comes as they look for new funding or potential buyers to continue development. Initial discussions are ongoing, but it could be some time before a concrete decision is made.

According to a recent update shared on the official Discord server, the team is in early negotiations with several stakeholders. The game will continue to operate, but the team has moved into maintenance mode to cover operational costs and address critical issues.

What is Chicken Derby?
What is Chicken Derby? Source: Chicken Derby

What is Chicken Derby?

Launched in 2021, Chicken Derby is a blockchain-based game built on the Polygon network.

Players own unique chicken NFTs, each with unique traits and abilities, which they can breed, trade, and race. The game features a variety of race types that are influenced by factors such as terrain, track length, and hidden chicken attributes, making each race dynamic and unpredictable.

The game has received significant attention since its launch, with over 100,000 races played and over $1.5 million wagered. The initial NFT collection quickly sold out, raising over $1.5 million, and the game has since generated over $10 million in trading volume.

The game uses a dual token economy using the $BAWK and $JEWELS tokens. $BAWK is earned by staking Chicken Racing Companies (CRC) and staking chickens, while $JEWELS is required to participate in races and can be purchased with $USDC. Both tokens play a key role in the game economy, providing multiple ways for players to participate and earn rewards.

Chicken Derby by the Numbers
Chicken Derby by the Numbers Source: Chicken Derby

What does this mean for the future of gaming?

The possible sale of Chicken Derby raises questions about the future of the game.

The development team has assured players that the game will continue to operate during the transition period, but the long-term impact of the new ownership remains uncertain.

The community is concerned about possible changes that could affect gameplay, token economics, or the overall player experience. On the other hand, new ownership may bring in new investments and resources that could support further development and growth.