Axie Infinity

Axie Infinity (AXS) has announced that its play-to-earn (P2E) platform will no longer offer token rewards on its classic game mode. The development team hopes its decision will help nudge users to its new game mode. Players will now have to use the newly launched Origin update to earn the game’s native currency, Smooth Love Potion (SLP). AXS to Balance SLP Economy Origin is the latest expansion in the Axie Infinity gaming ecosystem also known as Axie Battles v3. The…

Trung Nguyen, the CEO, and co-founder of Axie Infinity is facing allegations of insider trading after recent data shows he transferred $3 million worth of tokens shortly before disclosing the March hack. At the time, the attack saw the P2E blockchain game lose $622 million worth of assets. Sky Mavis, the game studio behind Axie Infinity, debunks the accusations, claiming the founders transferred the assets to create more flexibility in response to the Ethereum sidechain attack. Moreover, Nguyen says the…

NFTs are a rapidly growing industry. However, it's still arguably in its infancy. Namely, the entire market cap of all NFTs is still just $7 billion. That's why many NFT investors are looking for catalysts, something that can boost the industry. Many are betting that video games will be that catalyst. Specifically, metaverse games! NFTs and video games are a match made in heaven. For one, gaming is a vast industry - about $175 billion. Just the in-game items are…

The Metaverse topic has gained tremendous popularity throughout 2021, and this trend is not expected to stop in 2022. The market is convinced of this prediction, as companies like Facebook Meta Platforms Inc. or Microsoft are making significant investments in this sector. In light of this, the popularity of the Metaverse is expected to have significant repercussions on blockchain in 2022. Apart from the large companies mentioned, the new year will likely see new developers' birth of exciting projects. This…

Axie Infinity is a blockchain-based pet universe where anyone can trade gametime for crypto and easily redeem it for fiat. Some call it a mix between Pokémon and CryptoKitties. Others see it as the next generation’s Fortnite. And, most people play it to earn an extra buck while watching fluffy critters battle each other. Axie Infinity embodies all these concepts but promises even more for its rapidly growing userbase. For instance, it has an extensive marketplace where players can trade…

As per Coinmarketcap, the number of active users on the Polygon blockchain has officially overtaken ETH, according to their analysis on 3rd OCT. The site also added that the skyrocketing number of users is due to the upcoming mobile game Arc8. Polygon Active Addresses Skyrockets As per the Polygon scan, 531,831 addresses were using the polygon blockchain on Oct 3, 2021. Comparatively, the ETH network was serving about 472,079 active users on the same date. While the numbers of users…

The past week was an impressive one for Axie Infinity (AXS). First, the coin broke significant ground, allowing investors to reap even more. However, many investors tend to get fearful when market prices start to rise. Even though the money's good, no one wants to be alone if things go wrong. So, the question is whether this rally will last. Coming Off a Long Line of Gains The crypto market has had an exciting run in 2021 for sure. Coin…