Dubai, UAE – Wednesday, August 8th, 2024 – The Coreum Development Foundation announced an addition to its latest wave of grants aimed at network expansion – Cosmo Bear, a tap-to-earn game built for onboarding new Web3 users.
Since its launch on July 16th, Cosmo Bear has rapidly gained traction through social media, reaching 2 million users within 3 weeks. Similar games, such as Hamster Kombat, have demonstrated exponential growth, showcasing the effectiveness of engaging users directly on Telegram, one of the world’s most used messaging apps.
Cosmo Bear’s success is driven by its unique blend of interactive gameplay and dynamic social features. The game introduces a two-layer referral system that rewards players for direct invites and ‘friend-of-a-friend’ sign-ups. This mechanism incentivizes deeper engagement and fosters a community-driven growth model.
Elevating the SocialFi trend, the game effectively serves as a gateway for introducing new users to Web3 concepts. Each player receives a unique NFT character, and galaxy paths are dynamically generated for each user. Additionally, by integrating a built-in crypto wallet, the game will be connected with a growing ecosystem of decentralized applications, starting with support for Coreum and the various Cosmos-SDK blockchains featured in the game’s first season.
This built-in wallet facilitates seamless in-game transactions, allowing players to securely store, trade, and manage their NFTs and tokens without leaving the Telegram app. This functionality enhances convenience and security for all players by eliminating the need to switch between platforms. The ease of use and security features provided by the built-in wallet are expected to significantly boost user adoption and retention.
The Coreum Development Foundation’s grant to Cosmo Bear is part of a broader strategy to expand network utility and adoption by supporting projects that leverage native functionalities such as Smart Tokens. These tokens are particularly well-suited for gaming economies, providing a robust, integrated solution that enhances gameplay and blockchain engagement. By supporting innovative projects like Cosmo Bear, Coreum aims to drive the mass adoption of blockchain technology and Web3 applications. The foundation believes that games like Cosmo Bear can serve as a powerful tool for onboarding new users into the Web3 ecosystem, thus expanding the reach and utility of blockchain technology.
For more information, visit cosmobear.io and join the Telegram community.
About Coreum
Coreum, the world’s first Superledger, is a 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network. Coreum’s advanced features are designed to meet the diverse needs of businesses, enabling them to leverage blockchain technology to its fullest potential.
As an Enterprise Graded Blockchain (EGB), Coreum introduces a new layer of programmability with ‘Smart Tokens’, enabling robust use cases through WASM-based smart contracts, including tokenized Real World Assets (RWA) and Neobanking applications. These features position Coreum as a leading platform for businesses looking to integrate blockchain into their operations, providing a versatile and powerful tool for innovation. Coreum’s vision is to create a seamless and efficient blockchain ecosystem that empowers enterprises to achieve greater efficiency, transparency, and security in their operations.
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