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New crypto gaming project Calvaria is promising to take the industry by storm and become one of the top play-to-earn games on the market.
That title was previously held by Axie Infinity but the game has endured an awful 2022 since its late 2021 peak - not least because of the $600 million hack of the Ronin Network in March.
At its peak, Axie Infinity had nearly 3 million players and a market cap of nearly $10 billion.
Players in developing countries were also reported to be earning more from the game than the average daily wage.
However, fast forward to today and the market cap is around $850 million and - according to both DappRadar and Footprint Analytics - is only attracting around 15,000 players per day and around 180,000 in October.
The massive hack certainly exacerbated Axie's issues, but the player base was falling before the hack with players blaming poor game mechanics and the restrictive cost of the playable Axie NFTs.
Furthermore, Axie's native token AXS has plummeted in value and is down nearly 95% from its all-time high of $160 to its current price below $9.
The game, like many other GameFi projects, is now struggling to attract casual and traditional gamers to the blockchain.
Calvaria is aiming to fix issues that Axie Infinity and other play-to-earn projects have found in recent months with its flagship game Duels of Eternity.
Calvaria developers have identified two major roadblocks preventing mass adoption of Web3 gaming.
While investors have seen the potential Web3 games can offer, the player base hasn't followed.
As well as its main play-to-earn (P2E) mode, Calvaria will
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