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Price Updates, Recent Developments, Future Events, Community By DailyCoin

by Mike Robinson

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Axie (AXS: Updates on Price, Latest Developments, Future Events and Community
  • The blockchain game, , allows consumers to battle with, collect, raise, and build land-based kingdoms for “Axies.”
  • Axie Infinity was launched in 2018. It has since gathered more than 2 million users and sold over 18.4 millions NFTs.
  • Sky Mavis Gaming Studio, behind Axie Infinity, has just completed an investment round of $152 million. It also featured Andreessen Horowitz.
  • Fund will be used in the creation of Axie Infinity.

Axie Infinity, which was created in 2018, is known for revolutionizing the game of play-to-earn on blockchains. Axie Infinity allows consumers to battle with, collect, raise, and build land-based kingdoms for “Axies,” similarly to Pokemon or Tamagotchis.

Gamers will be able to earn Axie Infinity Shards(AXS), ERC20 governance coins, and clean potion tokenss (SLP) by playing the game. What has Axie Infinity done in the recent past?

Latest Developments

Sky Mavis, the company behind Axie Infinity, has announced a $3 billion valuation after raising $152M in Series B financing. Paradigm Ventures, Accel, Standard Crypto and Fabric Ventures all supported the round. Samsung (KS) Next was also involved.

Company announced the use of the $152 million raised in the round to strengthen its regulatory legitimacy and expand its development team. It will also continue scaling its network without having to tap into AXS token reserve.

Trung Nguyen was the Sky Mavis CEO during this funding round.

“We have a mission of creating economic freedom for gamers. We do this by making players owners and developers of in-game resources. The traditional model is one where the game developer, publisher, and distributors retain all control.
These funds will be used to develop the Ethereum-linked scaling solution Ronin. The decentralized exchange, Ronin, will serve as a scaling solution for “digital nations.” Ronin currently has $4.5 billion in total value locked across 2 million wallets.

DappRadar’s data indicates that the Axie Infinity network has seen over 18.4million NFT transactions since its creation. The network has seen the trade of over $7.18 trillion worth NFTs since 2018.

Future Events

Sky Mavis (the developer team behind Axie Infinity) has revealed plans to create a blockchain-based decentralized exchange using the Ethereum-linked Ronin Sidechain. The DEX will be the first game to have such a release when it launches.

Jeff Zirlin is the co-founder and CEO of Axie Infinity. The decentralized exchange allows users to purchase and sell AXS or SLP tokens via-chain. The DEX will also help to reduce the friction that cross-chain token trading can cause in the game.

The launch date of the DEX is not yet set, but the Axie Infinity Community can be excited for Q4 because Axie Infinity will strive to achieve mainstream adoption through the official launch for Axie Infinity iOS and Android.

Axie Infinity is also testing Alpha version of the Land Gameplay Communities in Quarter 4. Lunacia will provide 90,601 parcels of land, represented as NFTs. A full launch of the Land Gameplay Community can be expected by the end of 2022.

Pricing Updates

Axie Infinity Shards are in-game currency that can be used to gain governance tokens for the whole Axie Network.

AXS has been consolidating after a record-breaking run, which saw it gain more than 30%. AXS’s value is $128.533 and has seen a 4.7% increase in 24 hours.

Axie Infinity, (AXS), is currently ranked 26th in the largest blockchain projects with a market capital of $7.42 Billion. Axie Infinity’s trade volume has also surpassed 2 billion.

To The Flipside

  • Axie Infinity may be a household name but it is facing increasing competition from NFT Gaming projects that are growing fast.
  • Some have also found the high prices for blockchain gas, used in the Axie Project, to be a deterrent.

The Community

Axie Infinity calls the blockchain game “the first game that can be owned and controlled by its players.” Axie Infinity has created the biggest blockchain game, with more than 2 million players daily.

Axie Infinity’s growth has been incredible. This is the game that has the highest number of players on the internet. It currently boasts over 560k fans on Twitter (NYSE :).

Axie Infinity’s Play to Earn Revolution has received a lot of support from devoted members. One Twitter user @Axie44 wrote:

@jasondchap wrote another user about the expansion of Axie’s ecosystem.

@baekkyoumkim wrote clearly that she was delighted to have been a part this project.

Thanks for Staking on Axie Infinity Network. @axiesisters wrote

Why you should care

AxieInfinity is now the biggest blockchain game. It has also helped play-to earn systems to mainstream attention. Axie Infinity is building the largest ever blockchain project with the recent round of $152million funds to develop the ecosystem.

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