Lizard Lookout
Dear Reptilian Reader,
While our cold-blooded compatriots prepare to hibernate, we Ethlizards are gearing up for our most productive quarter ever. With the launch of our new Lizard Lounge web app and airdrop campaign, we’re busy recruiting Guardians of Gaming to join the fight for Lizcoin ($LIZ).
The Lizard Lounge is the player hub of our universe where you can earn $LIZ and other bluechip gaming tokens by completing bounties. Then, when the time comes, stake your Lizcoin in the Vault to protect it and earn rewards.
Our new Lizard Lounge puts you at the center of Web3 gaming, connecting you to the latest industry updates and the best community partners. We believe Web3 gaming is inevitable and strive to put you at the forefront of what’s to come. Lizzzzzz go!
Animositas, CEO of Lizard Labs
IN THIS
ISSUE
Oh Baby Kart
Industry Watch
King of Destiny
Revolutionizing Staking in Web3
Fableborne
Liz Be Frens
Oh Baby Kart is the first release from the imaginative game studio Oh Baby! Games. Now Free-to-Play, the racer shot out of the gate looking polished with few bugs. It is a robust game with many features, including an adventure mode, several online game modes, and a fully functional in-game marketplace.
RACES RUN IN BETA
Closed Beta 1 1M+
Closed Beta 2
Closed Beta 1 ran for 32 days from December 15, 2023 to January 15, 2024
10M+
CONCURRENT PLAYERS IN BETA
Closed Beta 1 14K+
Closed Beta 2
21K+
Closed Beta 2 ran for 36 days from Fabruary 7 to March 13, 2024
Oh Baby Kart partnered with Paramount to offer in-game assets with popular IPs like Spongebob Squarepants.
SCALY SENTIMENT INDEX (SSI)
Drive into Web3 gaming with this fun racer!
GAME SCORE - 4.5
WEB3 SCORE - 1.5
TEAM & FUNDING - 3.5
Though Oh Baby Kart is a fun game with lots of promise, it’s not on-chain (yet). Racers can earn an in-game currency called Battle Points (BP) by playing and then buy or sell items in the marketplace. Adding Web3 integration will help take this game to the next level.
INDUSTRY WATCH
A Web3 Gaming Roundup
Esports on the Rise
Stream Hatchet reports that esports are up 75% from 2020.
Despite the worries of an “Esports Winter,” demand for esports is still high and viewership continues to increase year over year.
HOURS
WATCHED 2020 2021 2022 2023
Web3 Gaming in 2024… So Far
• Q2 2024 saw blockchain gaming investments soar to $1.1 billion, a 314% increase from the previous quarter.
• 276 new games were added to the Big Blockchain Game List in H1 2024, indicating that the pace isn’t slowing down.
• Gaming tokens took a hit in Q2, with only 9 of the top 30 tokens remaining in the green.
Web3 $$$
DappRadar reports that the $1.1 billion invested during Q2 was split between investment funds and infrastructure, highlighting a period of foundational development aimed at enriching the Web3 gaming ecosystem.
THE LIZARD LOUNGE
WIN $LIZ IN
Click here to read the comprehensive report!
Players can mint custom avatars on the marketplace. More than 4,800 Avatar Packs have been sold over four drops.
SCALY SENTIMENT INDEX (SSI)
May the gods smile on you as you play this Web3 Luck Battler.
GAME SCORE - 3
WEB3 SCORE - 4
TEAM & FUNDING - 4.5
This game's biggest strength is its Web3 integrations. King of Destiny is easy to play and fairly fun, but it suffers from frequent bugs in its soft launch state. Some are only visual/UI bugs, but others affect gameplay and tournament activity. Keep an eye out for additional utilities with the $GOD token rollout and their NFT collections.
REVOLUTIONIZING STAKING IN WEB3
Embracing Participation Rewards for Sustainable Growth
Shay Bhayani, CEO of @RootNameService
In the evolving world of Web3, staking is transforming from a passive accumulation of rewards into an active, community-driven endeavor. What was once a process of locking up tokens for passive income is now becoming a dynamic force for community building and decentralized governance. This allows users to not only earn tokens through their efforts, it also secures their voice and a share in the community's triumphs. Lizard Labs (Ethlizards) is pioneering this shift, crafting a staking experience that goes beyond just earning tokens—it’s about creating a sustainable, compliant system that rewards long-term participation and strengthens the project ecosystem.
THE STAKING PROBLEM: PASSIVE VS. ACTIVE
Traditionally, staking involves locking up tokens or NFTs in a smart contract and receiving rewards based on factors like the amount staked, rarity, or the duration of the lock-up period. This process provides much-needed liquidity to protocols, ensuring market stability. It also signals commitment from participants, which can be a key driver for a project’s success. This commitment can be invaluable for projects seeking participants who share their long-term vision.
However, many projects offering passive staking rewards now face scrutiny due to regulatory concerns. Direct rewards distributions and profit-sharing mechanisms tread dangerously close to securities classification, which raises legal complexities. Projects must navigate these murky waters while ensuring that
their staking models remain attractive to users. The way tokens and NFTs are minted, distributed, or sold plays a significant role in determining a project’s regulatory risk
THE SOLUTION: PARTICIPATION REWARDS
Lizard Labs is leading the charge with an innovative solution—pairing participation rewards with token staking to create a more engaging and compliant alternative. This model emphasizes active engagement over passive holding, making staking a gamified, immersive experience that lives within our Lizard Lounge App.
When used well, participation rewards serve as a potentially massive catalyst for community engagement and loyalty. Participation rewards transform the staking landscape by offering users the chance to earn through various forms of engagement. These can include marketing initiatives, social media engagement, gameplay testing, tournaments, or even user-generated content. By rewarding actions that directly contribute to a project’s success, studios can have the best of both worlds - reduced regulatory risk and stronger participation of community members.
A GAMIFIED APPROACH TO STAKING
At its core, participation rewards are about fostering deeper connections between projects and their communities. They echo the long-standing loyalty programs of Web2 but are powered by Web3’s decentralized technology.
Using quest structures and gameplay mechanics, users can earn tokens or NFTs through interactive participation, creating a fun and engaging environment that motivates them to stay invested in the project’s long-term vision.
For Web3 gaming in particular, this model is a game-changer. Community-driven initiatives have proven to be the backbone of successful gaming projects, both in Web2 and Web3. By tapping into this resource, studios can minimize regulatory risks while cultivating a dedicated user base that is actively engaged in the project’s development and success.
THE FUTURE OF STAKING: INFRASTRUCTURE IS KEY
Participation rewards are gaining traction across the Web3 space, especially within gaming projects. Platforms like Guild.xyz, Carv.io, Zealy, Fam, and Dequest are already building the infrastructure to support this new paradigm, making it easier for projects to implement participation-based rewards without starting from scratch. Some projects like Futureverse are developing their own internal system. While more development is needed in areas like APIs and white-label solutions, the framework is quickly falling into place.
A CALL TO ACTION FOR WEB3 BUILDERS
Adopting participation rewards can create robust, long-term loyalty programs that incentivize real, meaningful contributions to a project’s vision. As the Web3 industry continues to evolve, embracing this model may be the key to fostering sustainable growth and strong communities. And if this approach helps regulators like Gary Gensler find more time for golf, that’s a win for everyone in Web3.
Join the future of Web3 gaming and staking with the Lizard Lounge App — where participation meets rewards in the most exciting way possible!
The material included in this article is designed and intended to provide general information relating to staking and participation rewards, and is intended for general informational purposes only. The contents of this article do not constitute legal, investment or financial advice, and is not intended to be a substitute for legal, investment or financial advice and should not be relied upon as such. You should seek legal, investment, financial or other professional advice in relation to any particular matters you or your organization may have.
Fableborne is an ARPG x Strategy mobile game built by Pixion Games, think Diablo meets Clash Royale. The game offers a unique taste of asynchronous PVP: on defense you have strategic deck building, while on offense you have high intensity ARPG raiding. The game underwent a complete rebrand in May 2024 and has since held two play-to-airdrop events.
Fableborne Adventures Season One Play-to-Airdrop Campaign
July 1 - July 14, 2024
PLAYTESTS: TOTAL PLAYERS
Fableborne Adventures Season Two Play-to-Airdrop Campaign
August 19 - September 2, 2024
PLAYTESTS: TOTAL DAYS PLAYED
Players can create and submit content to Fableborne Forge to win rewards.
SCALY SENTIMENT INDEX (SSI)
Adventures
Fableborne is changing quickly, with new elements added during recent playtests that increased the game's variety and complexity. There are no apparent Web3 integrations and the NFT's utility is still unclear. However, the game is fun to play and we're excited to see what happens next.
LIZ BE FRENS
We’re the go-to services and technology partner for top game studios that’s rewriting the rules of Web3 Gaming! Scale Up Your Game™ with us, as we create new immersive experiences that catapult your community into new dimensions.
BATTLE IN THE BEYOND
Illuvium Mini-Game
LIZARD LEAGUE
Esports for Tomorrow GREEN ROOM
Web3 Business Accelerator
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