Cudos partners with play-to-earn platform Cornucopias on dynamic NFTs
In contrast to static NFTs, the traits and data recorded in a dynamic NFT can continually change through external inputs, thereby extending their utility far beyond collectibles in the gaming industry.
The metaverse in Cornucopias, a blockchain-based play-to-earn (P2E), build-to-earn (B2E) and learn-to-earn (L2E) game, allows creators and players to create and trade their own NFTs in-game or on third-party marketplaces, enabling free movement of game assets outside of a single game.
Cudos will provide future scalable computing power for running games on Cornucopias as part of the partnership. “As Play-To-Earn platforms like Cornucopias evolve, there is a need for a huge amount of digital infrastructure to run these metaverses and to render NFTs with high-quality graphics. Additionally, these metaverses will need distributed network with low latency, a gap that Cudos can fill with our decentralized cloud computing network,” Cudos founder and CEO Matt Hawkins commented.
There are over 20 million gamers in Nigeria, and the market for app-based mobile gaming in the West African country is estimated to be worth approximately $126 million.
“The potential for NFTs in gaming (and other applications) is enormous but the technology is in its infancy and has restrictions that need to be enhanced to build a global blockchain standard that will allow Cornucopias to be the NFT metaverse it needs to be. This joint venture will not only allow us to expand our game as planned, but eventually, it will allow other blockchains to benefit from our research and innovation,” said Cornucopias CEO Rob Greig.
Rob went on to say, “The metaverse and infrastructure model designed by the highly experienced network team within Cornucopias gives us the ability to evolve in ways we have not even thought about yet. Through our partnership with Cudos, we are well-positioned to make headway towards achieving our goals of scalability, flexibility and on-boarding players from every corner of the world.
Players on the Cornucopias platform will be able to enjoy an uninterrupted gaming experience together, on all devices, by utilizing game servers spread across distributed nodes on Cudo’s layer-two scalable compute platform. Once implemented Cornucopias will have unprecedented scalability the likes of which can only be seen currently on Centralized Cloud Services such as Amazon AWS or Microsoft Azure.
We are also creating a learn-to-earn (L2E) platform that through gamifying the education process will reward students – this is helped enormously with distributed geographical storage,” Rob Greig said.
The strategic partnership between Cudos and Cornucopias aligns with the vision of Tingo, which has the potential to install Cornucopias’ play-to-earn (P2E)mini-games on over 10 million handsets in Nigeria. Users in rural areas of Nigeria can be educated about farming practices through their P2E agri-education games, another way for Cudos to create additional revenue streams for Tingo’s customer base. In addition to agricultural games, Cornucopias will build other games that link back to the players main Cornucopias gaming account, allowing for further P2E rewards for Tingo customers.
Cudos’ collaboration with Cornucopias builds on its existing partnership with Tingo to tackle the poverty premium by enabling over 10 million Nigerians to run monetization applications on their smartphones. The vision at Cudos is to create a fully inclusive digital ecosystem by giving users in rural Nigeria an opportunity to earn passive income by utilizing spare computing capacity on their smartphones. The Cudos token can be used as a currency for payments within this ecosystem.
And the utility of Cudos extends much beyond as holders can use their tokens to make payments on Amazon, eBay, Walmart and Etsy across 11 global markets thanks to a partnership with Shopping.io. Other strategic partnerships include integrating the Cudos network with Algorand through Glitter Finance’s cross-chain services. The Algorand bridge integration in Q1 2022 will be followed by bridging Cudos to the Polygon, Solana and Terra networks next year.
Mainnet in January 2022
The past few months have been exciting at Cudos Network with its incentivized testnet, Project Artemis, reaching the third phase, Armstrong. The last phase, Collins, a dry-run to test migration of ERC-20 tokens to Cudos native tokens, is slated to have been completed by mid-January.
The testnet will culminate with the Cudos network going to the mainnet in January 2022, equipping the network to host and facilitate the development of several decentralized applications, NFTs, online games and video rendering services.
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The Cudos Network is a layer-one blockchain and layer-two computation and oracle network designed to ensure decentralized, permissionless access to high-performance computing at scale. It enables the scaling of computing resources to hundreds of thousands of nodes. Once bridged to Ethereum, Algorand, Polkadot and Cosmos, Cudos will enable scalable computational and layer-two oracles on all bridged blockchains.
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Cornucopias is a massive Play-to-Earn (P2E), Build-to-Earn (B2E), and Learn-to-Earn (L2E) blockchain-based game in which players can be rewarded with and/or own land, properties and other NFT-based assets with real world value, all by playing games in a fun and safe metaverse.
Cornucopias combines gaming with real-world commerce and gives opportunities for traditional and e-commerce companies to sell and promote their real-world brands, goods and services to a hard-to-reach audience they have potentially never had access to before.