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.
1/

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
2/

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
3/

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.
4/

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.
5/

$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.
6/

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.
7/

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.
8/

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
9/

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.
10/
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.
11/

I hope you've found this thread helpful.

Follow me @TheGemNerd for more alpha and narrative updates.

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