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Cardano Ecosystem

U.Today

12/31/2023

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Cardano Meme Coin SNEK Announces Gaming Breakthrough

SNEK, a popular meme coin based on Cardano, has unveiled its latest gaming breakthrough. This comes barely two months after the Cardano-based meme coin launched its branded energy drink.

Cardano Meme Coin SNEK Announces Gaming Breakthrough

SNEK, a popular meme coin based on Cardano, has unveiled its latest gaming breakthrough. This comes barely two months after the Cardano-based meme coin launched its branded energy drink.

In a new tweet, Snek announced its snake game was now live. The game was developed in partnership with Paima, Vacuum Labs and Anvil and inspired by the famous snake game on Nokia phones. It will be the first play-to-earn game in the Snek ecosystem.

According to the Snek team, the game is currently available on desktop only, but a mobile version could launch in 2024. To celebrate the launch of the game, Snek says it will be adding 69 ADA to the prize pool every day until Feb. 1.

The Snek gaming innovation, which employs wrapped smart contracts, is noteworthy because it demonstrates the potential of the Cardano blockchain for gaming and entertainment.

SNEK's price has risen dramatically in recent months, boosted by positive developments, reaching an all-time high of $0.002246 on Dec. 16, 2023. The SNEK token was trading for $0.001271 at the time of writing, up 319% in the last 30 days.

Cardano blockchain to see significant advancements in 2024
Cardano is a rapidly growing ecosystem of decentralized applications for DeFi, NFTs and others that use tokens to exchange value for services.

Along similar lines, Sebastien Guillemot, co-founder of Paima Studios, has hinted at new upcoming dApps that would leverage Cardano and Arbitrum, which are slated to launch in mid-January.

Paima Engine converts deterministic state machines into L2s that can connect to multiple chains, such as Cardano and Arbitrum, and be used by any app. This opens up the possibility of running a game on Arbitrum while still allowing users to own their NFTs on Cardano if they so desire.

Speaking of updates, the Chang hard fork, which will start the bootstrapping period of the Cardano governance model, is expected to be implemented in 2024. Cardano will also take some major steps in 2024 to reach full community governance. 

About the author 
Tomiwabold Olajide is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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