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 […]
Sky Mavis is getting closer to finalizing the design of their free starter Axies for the strategy game Axie Infinity. In their latest newsletter Sky Mavis revealed that archetypes and talents for the different classes have been further define. In addition players will be able to upgrade body parts. Soon players will be able to […]
Axie Infinity already showed a glimpse of their land gameplay in a short demo in December, but things will become a lot more competitive. In a monthly update Sky Mavis noted that the next phase of development will focus on kingdom-building, alliances, and fighting for control in a territory. Competitive gameplay between alliances or kingdoms […]
Sky Mavis has announced that Ronin, their in-house developed sidechain for Axie Infinity, has launched its mainnet. Players can now migrate their assets to Ronin using the dashboard, and they will receive a limited edition land item. The marketplace for land and items on Ronin will open up on Tuesday at the earliest. The limited […]
The rise in popularity for Axie Infinity doesn’t come without any challenges, because SLP farms are popping up. In their endless battle to stop cheaters, Sky Mavis has banned 800 Axies from their game. “Axie is more than a game, so we need to be careful to protect this early ecosystem”, co-founder Aleksander “Psycheout” Larsen […]
Cryptocurrency exchange Binance is listing the Small Love Potions from Axie Infinity on their exchange. They will add the SLP token to their so-called Innovation Zone, which is meant for slightly less traditional currencies. They will only add an SLP/ETH trading pair. The cryptocurrency exchange warns that tokens in their Innovation Zone are likely to […]
