![]() ![]() With the Builders Program, the team behind Axie Infinity will leverage the knowledge and experience of its community and will roll out new game modes that help “strengthen the Axie ecosystem.” Sky Mavis also reported that it is partnering up with major game studios to develop new experiences for both Axie Infinity (as a game) and Ronin (its standalone blockchain network).Īt the same time, Philip La, head of gaming product at Axie Infinity, said that co-creating projects alongside the Axie Infinity community “will be a key driver of value generation at scale over time.” A lot of the WEB3 ethos is to promote decentralization, and having a community deeply involved in the development of an ecosystem is key for Axie Infinity to live a long life in the blockchain world. The Builders Program is just one of the many initiatives that Sky Mavis is deploying in an effort to provide a better, more engaging user experience. We’re ecstatic to present the first 12 projects that we’ve accepted into the Axie Builders Program! Īxie Infinity is Looking to Strengthen its Ecosystem Today, we take a major step towards making this a tangible reality. Your Axie NFTs are a ticket to an infinite realm of experiences. They will be also able to monetize them on a shared basis using the game’s branding. The winners will receive $10,000 in AXS, Axie Infinity’s native currency, to fund their projects’ development. On May 31, Sky Mavis, the company behind Axie Infinity, included 12 projects into its Builders Program, which on building new gaming experiences to help increase the number of users -which, by the way, has fallen exponentially just like the price of its native tokens.Īs per Sky Mavi’s press release, the startup selected 12 projects out of more than 2,000 submitted applications. However, the glory was short-lived, and 2022 has been the worst year for many crypto games including the biggest of all: Axie Infinity. A lot of games achieved world-class fame, attracting hundreds of millions of dollars to the cryptomarket. Last spring, Yomi Games raised $2 million on its path towards becoming the " Zynga of Crypto".2021 was the year of NFTs and crypto games. In order to be competitive this year, Larsen has stated that "more tokens" will be needed and that Axie Infinity is going to be "even more aggressive" when it comes to cryptocurrency. ![]() The developer struggled to ensure players that the game's ecosystems were sustainable or offered potential profitability. Trouble persisted for Sky Mavis, as on the utility currency Smooth Love Potion plummeted to $0.004. The company later raised $150 million in capital from a round led by Binance, spending the money to reimburse players whose funds were stolen. However, in March 2022, Sky Mavis had approximately $625 million in cryptocurrency stolen from its Ronin Network, which had been supporting its flagship blockchain title. More than $2 billion of Axie Infinity NFTs had been traded by October 2021 and its total valuation reached $3 billion, making the monster battling game a strong example of play-to-earn’s evolution in the industry. Unless in the context of a metaverse, Newzoo suggests that an in-game economy will eventually "crumble". A Newzoo report on the evolution and future of play-to-earn delves into the market and argues that the model is unsustainable. The future of play to earn remains the subject of some scepticism however. Co-founder Aleksander Leonard Larsen commented "We need more tokens and crazy stuff in terms of experiments." Ups and downsĪxie Infinity is to remain a play-to-earn game, Sky Mavis has suggested, despite a decline of nearly 80 percent in the past year regarding trading price. At the time, 67 per cent of players were accessing the game on Android despite only being available as a sideloaded APK file rather than the Google Play Store. ![]() Playable on PC and mobile, the blockchain game first released in 2018 but really took off in 2021 – the year when it broke beyond one million daily active users. 2022 wasn't a great year for many of us, not least Axie Infinity, developer Sky Mavis who is hoping to turn things around in 2023 with a new approach – the implementation of an "even more aggressive" ecosystem, so said Sky Mavis co-founder Aleksander Leonard Larsen as part of a recent Bloomberg panel. ![]()
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