CHIPS Token & NFT Price Updates

📜 About the Price Changes

Times are changing, and the project and space as a whole is at a critical juncture. Given internal factors such as recent hacks and previous over-inflation of token supply, as well as external factors such as crypto market sentiment and general worldwide economic conditions, we’re forced to make the tough decision: do we adapt and survive, or go down with a sinking ship? The crypto bear market is in full swing, and it’s common for token and NFT prices to be down by as much as 80% or more across the ecosystem. The fate of the star system is at hand, and with the current state of the project, our position is that we must act in alignment with the greater macro forces to survive. To put it plainly, we simply cannot support token price levels above what the market will support on its own.

🎮 Gaming-Forward Future

Blockchain technology enables a new and exciting way to deliver key game features, especially around economy and exchange of in-game value. The tokenization of game currency and items gives new meaning to ownership, and puts technical control of game assets in players’ hands. Transparency of the blockchain enables players to trust in, and verify, the rarity of limited edition items. With blockchain, players can get economic value back out of the game instead of the one-way-only transfer found in traditional experiences. With trading card games like Pokémon or Magic: The Gathering, players can sell cards on eBay or to a friend, because they are physical items. Blockchain enables this physical property in the digital space.

All this to say it’s clear to us that blockchain technology is here to stay. However, the expression and form it takes going forward will be more practical and complementary to existing applications, such as gaming, rather than being an end in and of itself. As is popular to do, we’d like to allude to the dot com era bubble: internet technology changed the world, but the real excitement came after the hype cooled down, and it started adding value to our daily lives.

As a video game, the primary purpose of ShooterPals is to entertain players and add as much fun to our lives as possible. We feel the new pricing reflects this more virtuously, bringing cost of a premium experience down to levels more traditionally found in free-to-play games.

In addition to aligning with the macro environment as is critically needed and touched on above, these price changes will help the project align with expectations of traditional and mobile game markets, and help ensure survival, growth and development of the project moving forward. Special thanks goes out to each and every pal that shares our vision and has the strength, compassion and good will to endure this winter together as we pursue the bright and sunny pastures of tomorrow.