The Gem Nerd Profile picture
Mar 6 12 tweets 7 min read
🧵 Projects on #Arbitrum are booming 💥

The next x100 alpha is already here, you just need to find it.

Let's look at one candidate, @TridentDAO🔱 and why it might disrupt the entire #Gamefi sector.

This thread will include:

1⃣ What is @TridentDAO and its 3 games
2⃣ Risk-to-Earn model
3⃣ #PSI token and NFT collectibles
4⃣ Updates and on-chain signals
5⃣ How it disrupts @Treasure_DAO and the #Gamefi ecosystem

Trident is an Arbitrum-based video game where users can earn while having fun

There are now 3 free-to-play games with 6K+ registers on Trident:

• Trident MMO is not released (expected in Q1 2023)
• Sprite Duels: Similar to Pokemon
• Trial of the Trident for practicing

Risk-to-Earn (R2E) creates real value by introducing a wagering system where the winner takes the loser's money.

Players involved in the minigames have to pay a 1% fee for every successful wager.

The fee later is reinvested into the ecosystem.

GameFi is full of high-inflation tokens with a negative loop circle

In the Risk-to-Earn model, players can win the prize with their ability, not depending on capital

➔ Skilled players will have a better chance of winning.

$PSI was launched on Feb 7th and is quickly getting eyeballs 👀 since two wallets each bought $100k USDC in the public sale

During the public sale, @TridentDAO successfully raised $3M

Currently, $PSI market cap is around $9M.

In addition to the token launch, 2999 Krakens NFTs were sold at 0.03 ETH for each.

Now the floor price is around 0.23 ETH (~7.6x)

NFT owners have their own in-game appearance and eligibility to join DAO on @TridentDAO.

The team also launched badges such as "Kraken Killer" and "We're so early"... to boost users' loyalty to the game.

Badges act as proof of achievements seized by the players.

On Twitter, @TridentDAO has been actively posting since late 2021.

The team survived the bear market in 2022, creating motivation to grow in 2023.

Two main products to expect in Q1 2023
• OasisSwap
• Alpha MMO Release

For better comparison, we put forward @Treasure_DAO as a similar project to @TridentDAO

• Magicswap <> OasisSwap
• 13 games <> 3 games

It is certain that TreasureDAO is going ahead and has a much bigger ecosystem than TridentDAO.
However, TridentDAO can learn from direct competitors.

As the @arbitrum ecosystem continues to emerge, @TridentDAO will have a better chance of growing the user base of its games.

With upcoming games and feature launches, one should keep an eye on the project.

I hope you've found this thread helpful.

Follow me @TheGemNerd for more alpha and narrative updates.

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