TreasureDAO's Biggest Competitor? TridentDAO's new play on risk to earn
Author: @0xMavWisdom
The Arbiturm ecosystem has continued to explode recently, with a game project called TridentDAO sparking community discussion. This free to play game project, developed by Geyser Forge Studios, has been labeled by some community members as “the biggest competitor to TreasureDAO” after a huge increase in Token and NFT prices. Officials say future expansion to other Layer 2 StarkNet, etc.
PSI is a TridentDAO native Token that can be used for in-game purposes such as player betting and exchanging for NFT.
New GameFi model — Risk to earn
The Trident team recognized the previous Play to earn dilemma. First of all, P2E game users make money playing the game by selling the assets generated in the game to others, and secondly, there is generally an infinite breeding system where one NFT/asset can be “propagated” to create more NFT/assets. Both of these models lead to an increased supply of assets and selling pressure on the game, and such game asset prices are theoretically destined to end up in a death spiral, which accounts for the non-sustainability of the models of most P2E games.
Trident is experimenting with a zero-sum Risk To Earn model, and the team plans to release the feature in the second quarter of this year. Players will be able to place bets on Trident, and the assets players wager will be stored in the same pool, with the winner of the game gaining the entire pool and the loser losing all the assets wagered. Unlike the previous Play to earn model, this model is sustainable, allowing assets to flow between players and solving a serious supply problem.
The game is won or lost more by the player’s proficiency in the game, with the better player winning. Unlike other Gamefi models, losers are not punished. Because of the mechanism of Risk To Earn, players are more eager to improve their skills to win the game. Those who are not skilled and efficient can practice in the game.
In addition, the game allows spectators to play Risk To Earn. Both spectators and players pay a fee to the platform for completing a bet, a small portion of which goes into the treasury for subsequent ecological construction, and PSI Token is permanently destroyed after the bet is placed, with no increase in Token supply. This is the team’s solution to Token inflation, and the Trident team is more likely to adjust the Token supply based on player base data.
It should also be noted, however, that because Risk To Earn resembles a gambling model it may be susceptible to the attention of the relevant regulatory bodies.
Game Ecology
Games
The Trident page shows three games, namely Trident MMO, Sprite Duels and Trial of the Trident.
Trident MMO : still in development, officially claimed to be open in the first quarter.
Sprite Duels: Similar to Pokémon Pet Battle mini-game. Players select and arrange 3 pets in 15 types of pets to battle 3 pets of another player, each with their own battle stat attributes (attack, defense, speed, etc.) and four moves. Players take turns choosing to make a move selection, and when the pet’s life dies, the game automatically brings the next pet into the arena. The winner is the last player with a surviving pet.
Trial of the Trident: The practice mode of Trident. New players can improve their proficiency in this mode, players need to avoid the Siren BOSS crystal rain and lava attack, and through the attack to reduce the life value of the Siren BOSS until death, players defeat the Siren to get more play unlocked. However, even if the player has four lives, but some players in the community have objected to the difficulty of defeating the Siren in this mode is too large.
NFT
Pseudo-Krakens NFT: Trident’s first NFT series, limited to 3,000 units, with an initial casting price of 0.03 ETH and a current floor price of nearly 0.28 ETH for the NFT. Players who own this series of NFTs will have an appearance option in the game, in addition to holding this NFT will also allow players to vote on Trident’s decisions regarding future game matters, with each NFT representing one vote.
Badges
Account badges offer exclusive opportunities for Trident’s loyal fans and partner community to get exclusive things like access to in-game gear, exclusive mini-game eligibility, access to limited edition skins and more. Currently available are “We’re So Early”, “Sprite Duelist”, “Kraken Killer”, “DegenScore Degenerate” and “CryptoPunk Bourgeoisie” five badges.
Competition with TreasureDAO
TreasureDAO and TridentDAO are both Gamefi projects on Arbitrum and it is inevitable to compare them with each other, but as of now, TreasureDAO is still in the leading position.
In terms of game variety, TridentDAO’s current three games on line are lower than TreasureDAO’s 10+ game variety. In terms of user activity, Dune Analytics data shows that TreasureDAO added more MAGIC Token users in a single week in February (4,084) than the total number of PSI Token holders (3,377). It is further verified from social media twitter that TridentDAO has 11.8K followers compared to TreasureDAO (127.9K followers). TridentDAO is not as rich as TreasureDAO in terms of ecology, TreasureDAO has a native DEX (Magicswap), native NFT trading market (Trove), etc., but TridentDAO is also about to launch its own DEX OasisSwap to fill part of the ecological gap.
It can be seen from the current stage that, from the perspective of horizontal comparison, TridentDAO, as a competitor of TreasureDAO, has no advantages for the time being. However, after the introduction of the gambling concept Risk to earn and with the strengthening of the vertical trend of L1 to L2 transfer, the number of Arbitrum users has further increased. In the future, it will have the opportunity to attract more new users to participate and narrow the gap between the two.
Reference:
https://www.coingecko.com/learn/what-is-trident-dao-and-risk-to-earn
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