How to Integrate Next-Level Player Asset Staking

In-game asset staking is an emerging trend that web3 game developers are implementing in order to create built-in loyalty systems that provide a source of steady player rewards while reaping the benefits of loyal players and locked value. In Ready’s ecosystem, player staking takes on a whole new meaning with a standard of infused value, tokenized Reputational Capital, and easy management through an intuitive, consolidated dashboard.

When a player stakes their NFT assets, they agree to lock up their collectibles not to be traded or liquidated for a set period of time in return for rewards. These rewards can take different shapes and sizes depending on the specific game and the terms of the staking. In Ready’s ecosystem, the rules of staking are universal, and the benefits are far-reaching.

Staking Token-Infused Assets

In Ready’s ecosystem, players can stake their collectibles while still being able to use their NFTs to play in games. This is because it is actually the infused value that is locked, not the asset itself.

Collectibles in the READYgg ecosystem are infused with some amount of $RDYX tokens. Token infusion not only gives each asset inherent value but also allows that value to be staked for rewards or even extracted from the asset (asset “liquidation” destroys the asset).

Of course, collectibles are worth more than their infused worth, but token infusion is the key component that allows assets to move across the ecosystem, in-between games (assets can be used as a player’s profile avatar, or to play in avatar-supported games), and quantify staked value.

Player staking is super simple on the READYgg Player Dashboard, where all assets across games are managed. Here’s a guided explanation of how it works, narrated by CEO, David Bennahaum:

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Harness the Monetization Power of Built-In Player Incentives

Staking not only provides a loyalty system for users but also incentivizes in-game NFT purchases by making an ongoing reward stream available to NFT holders, for each collectible.

The layout of Ready’s staking system itself is designed to incentivize staking NFT collections rather than individual assets, persuading players to purchase and collect more, earn more, and reap the benefits.

Doesn’t this NFT look lonely 🙄? Players will want to fill in the boxes to round out their collection and earn more rewards.

Staking Rewards

When players interact, engage, and stake collectibles, they earn $RDYX token rewards which allow them to share a piece of ownership of the ecosystem, including governance and voting power, as well as a shared stake in the health and success of the ecosystem.

Reputational Capital

All player interaction and involvement are traced with on-chain player profiles. These profiles are connected to player wallets, giving the player full autonomy over their identity. Reputational Capital in Ready is similar to Reddit karma and eBay seller ratings. Even without concrete benefits, reputation affords a level of trustworthiness and verified identity that can be used to interact effectively with the ecosystem and its members. It is also a simple yet effective way for early ecosystem players to be acknowledged as gamer OGs.

In 2010, Runes of Magic, published by Frogster Interactive (acquired by Gameforge) and developed by Runewaker Entertainment, improved the way free-to-play MMORPGs were monetized with weekly shop rotations, game updates every 6 weeks, and a massive amount of new cosmetic items offered weekly in the shop. Thanks to the arcane transmuter, mana stones, and statting, item stats were transferable from one item to another, allowing items to reach values at the caliber of high-end Boss drops.

But that was not all, Runes of Magic also had a loyalty shop for utility items that could be obtained using points earned from cosmetic item purchases. This “Token Shop” was said to encourage players to spend even more in-game.

The reputational capital loyalty system can be used in the same way as Runes of Magic’s Token Shop to further incentivize player loyalty and in-game purchases. Furthermore, in READYgg, the reputational capital system can be implemented across multiple games and player loops using the same on-chain ID for each player, thus opening a window to fresh revenue streams.

READYgg profiles are used across the ecosystem, providing players the benefits of accumulated XP, and developers the benefit of more player data points, earlier in the player journey without needing to extract the data from external sources. Read more about how to implement Ready’s cross-game player profiles here.

How to Integrate Player Asset Staking

Integration and management of player staking on Ready can be achieved in a streamlined, simple way straight from the READYgg Developer Dashboard. Open your Ready account cost-free to explore the capabilities of our intuitive dashboard full of useful dev tools 👉 dev.ready.gg

Integrating staking support in your game is simple. The following examples use these parameters:

User token = token, Password = string, time_period = time, asset_id = uuid

When the player wants to stake an asset, the following code is run to stimulate the staking:

{
    "success": {
        "code": 200,
        "message": "Success",
        "status": "STAKE_SUCCESS",
        "details": [
            {
                "asset_id": UUID,
            }
        ]
    }
}

When the player wants to withdraw their assets, the following code is run to stimulate a withdrawal:

{
    "success": {
        "code": 200,
        "message": "Success",
        "status": "SIMULATE_WITHDRAW_SUCCESS",
        "details": [
            {
                "asset_id": UUID,
                "penality": int
            }
        ]
    }
}

Player Wallets

READYgg cross-game player wallets are used to store NFT assets and $RDYX token rewards. Players can generate a wallet seamlessly in any game once they purchase their first NFT. The wallet they generate for the purpose of storing the NFT is then used to store any assets purchased in any game thereafter. No need to open multiple wallets for each game. Player wallets and assets can be managed from the personal Ready Games player dashboard. Read more about wallets & implementation here.

Develop the Future of Gaming With Ready

READYgg is providing the tools and resources to developers in order to pave the way for a new generation of gaming driven by distributed ownership, transparency, and intuitive experiences for users and developers alike.

Join the ecosystem of games leading the way to tokenized monetization and web3 interoperability, and get full access to Ready’s tools, features, and dev dashboard 👉 dev.ready.gg

Read Ready’s full SDK Documentation