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.
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***
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:
