Axie Infinity has launched the 19th season of their competitive PVP season with more than $450.000 in rewards. The best players will share a pool of 3000 AXS tokens, which currently has a value of $451.020. The season starts today and will end on December 21st at 4PM UTC+7. During a competitive season players play […]
Sky Mavis has announced that they raised $152 million to grow their play-to-earn revolution with Axie Infinity and the development of a wider ecosystem. The Series B investment round was led by a16z, which also backed numerous other web3 projects. Sky Mavis will use the fund to develop Axie Infinity and prepare their Ronin sidechain […]
After months of waiting Axie Infinity has launched its staking mechanism for their AXS governance token on the Ronin sidechain. Users who move their AXS token to Ronin, and then lock away and stake their AXS tokens, will earn an interest paid in AXS. We can’t say that the feature of AXS staking comes as […]
Sky Mavis is again making changes to their economics, as players will need less AXS and more SLP for breeding new Axie Infinity characters. Starting from today players will need 1 AXS token and at least 600 SLP. It’s the second change in a short time, after Sky Mavis already halved the AXS requirements in […]
Traders who are active on the Binance crypto exchange can move their AXS and SLP tokens directly to a wallet on the Ronin sidechain starting from September 4th. This means that Axie Infinity players and investors no longer need to use bridge technology or spend money on gas fees. The popular crypto exchange announced the […]
The government of the Philippines is looking at play-to-earn games and Axie Infinity in particular, because they feel that both Sky Mavis and players should pay taxes over their earnings. In a local report covered by Coindesk Undersecretary of Finance, Antonette C. Tionko said that they will investigate whether Axie tokens are assets or securities. […]
Axie Infinity has changed their reward system, providing more SLP rewards for players climbing the leaderboards. On the other hand, the rewards for singleplayer adventure mode and the daily quests have been halved. Sky Mavis wants to reward players who put in effort. The amount of SLP gamers can earn from the Adventure Mode has […]
The creature battle game Axie Infinity is currently the alpha and omega when it comes to play-to-earn gaming and mainstream adoption. In the past week the game generated more revenue that five premier DeFi platforms combined, while top tier NFTs sold for hundreds of thousands of dollars. Sky Mavis growth hacker Jihoz tweeted that Axie […]
Axie Infinity has seen their NFT transaction volumes increase 310% since the Axie migration late April, and now its entire economy exists on the Ronin sidechain. In the past 30 days players have been trading Axies, land parcels and land items with a total value of more than $36 million as reported by DappRadar. At […]
Axie Infinity has partnered with fiat-to-crypto conversion company Ramp Network to allow players to buy Ether (ETH) using a credit card, which will then directly be moved to the Ronin sidechain as Wrapped ETH or WETH. Users can acquire ETH using Visa, Mastercard, Apple Pay and bank transfers. According to Sky Mavis this is just […]
