FrenPet — Interact with virtual pets on Base
FrenPet, a play-to-earn (P2E) title on the Base layer 2 blockchain, has sparked enthusiasm in the web3 space for its Tamagotchi-inspired companions. These characters, minted as NFTs, form the core of a gaming world where players can gather, nurture, and bond with their virtual counterparts. Blending the appeal of digital collectibles with interactive gameplay, FrenPet offers players an array of adventures to enjoy with their pixelated pets.
Despite having restricted access to people who have a referral code, the game has recently surged in popularity. In the past week, it experienced a staggering 4,751.02% surge in new unique active wallets (UAW), adding 7.3k wallets to its user base. This remarkable growth positioned it as the second-most popular game on DappRadar’s Top Blockchain Games list by UAW increase. In comparison, Arena of Faith, despite a higher percentage growth of 5,650%, only expanded by 230 wallets. This highlights the game’s substantial reach and engagement among players within the blockchain gaming community.
Source: DappRadar — Top Blockchain Games
The popularity of FrenPet highlights the growing interest in P2E models and NFTs within the gaming community, where players are not only entertained but also have the opportunity to earn from their gaming experiences.
FrenPet’s game integrates a 5% tax on $FP token trades, contributing to player rewards, development, and liquidity. Accumulated taxes are converted to ETH with a distribution of 2% to players, 2% to developers, and 1% for liquidity. Additionally, 90% of $FP used in-game is burned, and 10% goes to referrals. Claiming rewards results in a reset of scores and levels. Please refer to the game’s whitepaper for more info.
With a capped supply of 10 million tokens, the 24-hour trading volume reached $1.18 million, contributing to a fully diluted market cap of $7.12 million. The token price has fluctuated between an all-time high of $1.81 and a low of $0.174, indicating a highly volatile market recently.
Source: DappRadar — Token — FrenPet
Currently, minting your own NFT in FrenPet costs just 10 $FP (about $4.8). On Opensea’s secondary market, options start at a floor price of 0.001 ETH (around $2.1). The collection’s limited market availability, with only 2% of 9,392 Fren Pets listed for sale, indicates low selling interest. The diverse ownership, with 44% unique owners, reduces the risk of market manipulation.
FrenPet’s success in the play-to-earn arena, merging virtual pet interactions with NFTs, showcases the rising interest in blockchain gaming. Notable user engagement and NFT trading during its beta phase demonstrate its potential in the P2E market, further enhanced by strategic promotions and a unique rewards system.
