March 12, 2024 by Diana Ambolis
Starknet’s Gaming Committee to Support Game Developers Amid Blockchain Activity Slump and NFT Floor Prices Decline Despite ETH’s Surge
The Starknet Foundation, supporting the Ethereum layer-2 blockchain Starknet, has established a committee dedicated to promoting gaming on the network, allocating $125.5 million worth of tokens to fund its endeavors.
This Gaming Committee is tasked with analyzing, strategizing, and recommending programs to expand Starknet’s gaming ecosystem. Starknet plans to allocate 50 million Starknet (STRK) tokens to support the committee’s proposals, aiming to incentivize developers to create games on Starknet and encourage user engagement. The committee’s success will be measured by metrics such as daily active users, retention rates, and revenue.
Comprised of six members, including Starknet’s developer relations head Henri Lieutaud, Unstoppable Games founder Chris Lexmond, and Gabin Marignier, co-founder of the Web3-based productivity app Focus Tree, the committee brings together expertise from various sectors of the gaming industry. Other members include Oli Feuler from Starknet development firm StarkWare, Tarrence van As, co-founder of the Starknet-based gaming console Cartridge, and the pseudonymous creator of Starknet-based game Realms World known as “LordOfAFew” or “LOAF.”
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Meanwhile, despite changes in StarkWare’s STRK token unlock schedule aimed at preventing early investors from affecting retail users, Starknet’s network activity has continued to decline.
In another development, the prices of top non-fungible tokens (NFTs) have experienced a downturn, despite Ether (ETH) registering a 24-hour price surge to a more than two-year high. The floor prices of seven out of the top ten traded collections on NFT marketplace Blur have decreased in the last 24 hours, with collections like Bored Ape Yacht Club seeing significant declines.
Furthermore, Kevin Rose, co-creator of the Moonbirds collection, recently sold over $1.3 million worth of NFTs, citing his belief that cryptocurrency will outperform NFTs in the long run. Rose’s actions have sparked discussions about the future of NFTs and cryptocurrency investments.
