Written by: DEEBS DEFI
Compiled by: TechFlow TechFlow
Games are the hottest narrative in Web3. There are three reasons:
Gaming is a multi-billion dollar industry;
Gaming generates more revenue than the music and film industries combined;
In addition, ordinary people do not need to understand the content of blockchain to play games;
But why do I notice Shrapnel ($SHRAP) among so many games? This article will take an in-depth look at Shrapnel.
Shrapnel is a new, well-performing Web3 game.
Market capitalization is small, less than US$100 million;
The token price performed well, rising 330% in 60 days;
The important thing is : this game, both the game itself and the token price, still has room to grow.
Increased 330% in 60 days
$SHRAP is already showing early signs of growth, Shrapnel is no ordinary first-person shooter (FPS), it's a high-stakes treasure hunt. Players compete in contested areas for valuable materials dropped from the half-destroyed remains of the moon, and the token $SHRAP adds a whole new dimension to the game.
$SHRAP not only encourages users to play the game, it also incentivizes an entire creator economy, where individuals can mint maps, skins, and gear to earn $SHRAP rewards.
And this is just the beginning. The picture below shows the creator economy built around $SHRAP.
Shrapnel’s core team is also impressive:
Experience in game series such as Halo and WOW;
The advisory team ranges from members of games ranging from SEAL Team 6 to Fortnite;
Invested by top VCs in the cryptocurrency field;
Despite these advantages, Shrapnel still has room for improvement.
Shrapnel’s roadmap is exciting but imperfect, with two areas for improvement:
More details on long-term plans to sustain the game;
Shrapnel’s marketing content should be included in the roadmap;
Additionally, I investigated Shrapnel’s fundamentals and according to DefiLlama, I summarized some data:
positive :
Shrapnel’s TVL continues to grow;
$SHRAP’s trading volume continues to grow within 7 days and 30 days;
negative :
Shrapnel has not been audited by a third party;
There is another indicator that almost makes me not very optimistic about $SHRAP: the unlocking of $SHRAP
87% of tokens are waiting to be unlocked;
47% of tokens are allocated to the team and investors;
But the good news is :
The token lock-up period is 5 years;
The main unlock does not begin until the end of 2024;
Holders are incentivized to stake assets in the game;
How decentralized is this project? I find that the majority of $SHRAP is concentrated in a small number of wallets, which looks worrying. However, I later discovered that these wallets were consistent with the escrow wallets used for unlocking, so this was no longer a cause for concern.
In addition, Shrapnel is very good at marketing on social media, attracting the attention of many large KOLs, such as @AlexBeckerNT, @crypthoem, and @Flowslikeosmo. If a project has strong marketing CX capabilities, it will definitely be beneficial to the project itself.
Shrapnel compared to other games: there is little competition. SHRAP is the first Web3 FPS, with gameplay and marketing comparable to major franchise games like COD. Although games such as Off The Grid (battle royale type game) will occupy the main market share, $SHRAP has the opportunity to dominate the Web3 market.
This leads to the final question: when to buy?
There is no perfect answer to this question. However, after several consecutive weeks of gains, $SHRAP may soon form an accumulation zone. What I look for: 3-4 weeks of resistance and support levels within a stable range.
