While many blockchain games like to claim the title of “the next Axie Infinity”, CyBall is a recently launched game that has a real shot. After a hugely successful run-up to its launch last month, CyBall is showing strong growth in both trading volume and the number of players in the game. Let’s dive into what this NFT soccer game has going for it.
What is CyBall?
CyBall is short for CyBloc Football. To sum up, CyBlocs are NFT characters in CyBall. Players can train up their CyBlocs for use in the game, as well as trade them with other players. In contrast to simulation football games like FIFA, CyBall is actually a turn-based card game. While it does have aspects of simulation, the game is more about the strategy and chance that takes priority in trading card games.
Thus it’s easy to see why CyBall is getting early comparisons to Axie Infinity. Of course, Axie’s gameplay revolves around the same trading-card-inspired mechanics. This actually makes CyBlocs and Axies somewhat similar when it comes to how they function in their respective games.
Of course, one of the most important features that CyBall has in common with Axie Infinity is they both have play-to-earn mechanics built into the games. To illustrate, the rewards token in the game is the $CBT. Players earn CBT as they compete in the game. They can then go on to spend it in-game to train their CyBlocs, as well as trading it for other currencies on DEXs.
Another key point about CyBall is that it is built on Binance’s BNB Chain. In fact, it is actually the number two NFT collection on BNB by all-time trade volume. With that said, the game does have plans to expand onto Solana in the future.
Is CyBall’s early growth indicator of future success?
Although the game officially launched on Feb. 22, it has been growing immensely for several months. For example, CyBall launched its initial collection of CyBloc NFTs back in November 2021. Notably, that collection sold out in just a single minute.
Not long after that, the game raised $1.8 million in a seed round. Funnily enough, the p2e football game even shares an investor with Axie Infinity – none other than blockchain gaming heavyweight, Animoca Brands.
As shown above, CyBall’s 37,000 users have played nearly a million matches so far. To be sure, these are solid numbers for CyBall but it clearly has a long way to go before it gets anywhere close to Axie. Indeed, Axie reportedly boasts well over 2 million active daily users.
While it is true that CyBall has a long way to go as far as growing its userbase, the value of CyBall’s CBT token is another useful metric in judging its performance. The token has seen a $35 million trading volume since its launch. What’s more, CoinGecko puts $CBT at $0.2886 at the time of writing. For comparison, CoinGecko puts Axie’s SLP token at $0.01617. SLP does have a significant market cap of about $603 million. In contrast, it is still too early to quantify that of CBT.
All in all, it’s far too early to say whether or not CyBall will be able to reach the heights of Axie Infinity. Regardless, with its fun and easy-to-play trading card game style, play-to-earn features, and its use of the world’s most popular sport, CyBall has a great chance to keep on growing into a major blockchain game.
Subscribe to our hot social media and don’t miss anything else
All investment/financial opinions expressed by themediaverse.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
