Developers of Axie Infinity Reduce Breeding Costs in AXS… But Increase in SLP. Why? -Breaking
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Developers of Axie Infinity Reduce Breeding Costs in AXS… But Increase in SLP. Why?On December 8th, Sky Mavis announced that it would be lowering the price of breeding Axies, Axie Infinity’s in-game pets. The gameplay mechanic of breeding allows players to make new characters using Axies that they already have. The rarer Axies that are used to breed, the better the chances of obtaining a unique pet user.
Sky Mavis reduced the breeding prices by half two months ago. It was 1 AXS, or $68.33, at that time. This happened after Sky Mavis achieved $2B in revenue. The price of breeding will now be 0.5 AXS. That’s $54 right at this time.
However, breeding SLP will cost triple as much, purely based on in-game currency. SLPs’ price has not fallen by 50% since the announcement. Tomorrow’s changes are effective at 3:00 UTC on December 9th.
Due to the implementation of Katana, Axie Infinity’s in-game crypto exchange, you can decide for yourself in which currency to pay the fees, simply by making an exchange without even leaving the game.
Within 24 hours, we’ll update the breeding fees! The SLP cost per breed will triple.⁰ The AXS cost per breed will be halved to 0.5 AXS.Read about the principles and factors we used and examined when making this important decision: https://t.co/VT8gLmpJff
— (@AxieInfinity) December 8, 2021
Read more about Axie Inifnity’s in-game crypto exchange ‘Katana’ here:
Axie Infinity’s In-Game Exchange, Katana, Becomes the Second-Largest DEX
You can also check out December’s top-performing crypto games and see where Axie Infinity is located:
Our Top 10 Metaverse coins by market cap as we head into December
The Top 9 Crypto Games and Metaverses ranked by December User Number
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