Valeria Studios is a gaming studio bringing true ownership to users on Polygon. With their first game, Valeria Games, being a mobile first real-time strategy game with exciting lore. Players will be able to summon, train, evolve, and battle with their Valerians in a PVP style experience. To learn more about their ecosystem, head to the Valeria Games Litepaper.
Digital collectibles have proven core to Valeria Studios business model, giving users true ownership of game assets while providing the company an evergreen source of revenue from secondary trading. Since Valeria Games’ marketplace launch in late October 2023 they’ve been able to drive >$220,000 of volume through their own channels while only allowing 2 / 5 (two out of five) of their collections to trade on third parties.
Not only has Valeria Studios been able to secure more secondary revenue by directing traffic to their own marketplace, but by creating a hub for their community they’ve increased engagement, selling out primary sales of new collectibles like their ‘Founder’s Set’ that sold in 23 seconds netting >$200,000 in revenue.
The Best Liquidity Drives Traffic
In two-sided marketplaces the best liquidity drives the most traffic. With ERC721C Valeria Games is able to restrict trading to their royalty enforced marketplace, making it the best place to purchase assets across their ecosystem. Since their marketplace launch, shutting out Opensea, in October 2023 the floor price of the Valeria Lands collection increased by ~59% to >$2,400 per NFT in the first quarter from launch, with similar increase in floor price across all collections.
Valeria Games has sustained >100 listings on their lands collection weekly since launch, and Valeria has appreciated every step of the process working with Snag.
“Snag was a lifesaver for us when we were deplatformed by OpenSea, and has been the perfect partner, letting us focus on building a world class game. They've been incredibly responsive on feature requests and fixes, and we're excited to scale together”
Sharif / ‘Midorima’, Co-founder Valeria Games
Trusting Snag For Marketplace Infra
Native marketplaces are a key piece of infrastructure for Web3 games given the vast amount of assets across their ecosystems. These businesses need to have full control over the purchasing experience, Valeria Games partnered with Snag because of these stand out reasons:
Snag’s ability to build custom, making the Valeria Games marketplace one-of-a-kind.
The marketplace is mobile optimized, Valeria is mobile first, and Snag supports email sign in along with custodial wallet creation.
Valeria users have the option to purchase assets in native currency ($VAL) and with credit card in addition to crypto.
Snag’s suite of SDKs and APIs give Valeria Games ownership and optionality when deciding how to provide the best in-game purchasing experience to users.
The customizability and speed to market that Snag offers is widely differentiated from what exists on the market today. By creating top tier experiences for Web3 games Snag can save significant development and maintenance cost while improving teams focus to provide the best game to users.
Conclusion
Web3 enhanced games require not only a high level of focus on the experience itself, but all user touch points that exist around the game. Helping Valeria Games improve focus on core experiences while providing purchasing solutions at the best quality with full time support is why they chose Snag as a key infrastructure partner.
The ability to build custom, incorporate native currencies, and drive full royalty payments to provide an evergreen source of revenue to the business has proven highly valuable to Web3 businesses. This is why Snag stands out as a leader in the native market segment helping creators and games alike grow their business.
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