- The blockchain-based game brought in only $988,400 in revenue
- The game has clocked less than $1 million since February of 2021
- Axie’s creator Sky Mavis had even reached a $3 billion valuation
Axie, the sweetheart of the P2E world, encountered a transient ascent in ubiquity in the late spring and late-summer of 2021. At its pinnacle, the game gathered more than $215 million during the seven day stretch of August 8, 2021. In October of that year, Axie’s maker Sky Mavis had even reached a $3 billion valuation after a $152 million subsidizing round drove by a16z.
SLP was issued without ample ways to destroy the token
In any case, as The Block’s information dashboard shows, Axie Infinity has encountered a consistent downfall since November of 2021. Sky Mavis couldn’t proceed with its fast development because of a lopsidedness issuance and consume system for Axie’s in-game tokens, The Block recently revealed.
A lot of the Axie’s in-game token, Smooth Love Potion (SLP) was given without adequate ways of obliterating, or consume, the token. This lead to expansion that made the token lose esteem, disincentivizing players to keep utilizing the game. Sky Mavis endeavored to impart more consume instruments into the game, however it doesn’t seem to have had the ideal effects.
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What Makes Axie Infinity Unique?
Each Axie has six out of the many different potential body parts — every one of which has its own fight move. This produces basically perpetual assortment among Axies, with most Axies having generally frail insights, while those with the most grounded mix of body parts can have mind blowing details.
Not at all like some other blockchain-based engaging and rearing games, each Axie must be reproduced a sum of multiple times to assist with controlling the number of inhabitants in Axies.
Axie Infinity has its own mating center to assist players with tracking down a reasonable coordinate to raise their Axie with to have the best potential for success at creating an uncommon or strong posterity. It costs 0.005 ETH notwithstanding Small Love Potion (SLP) tokens to raise Axies.
AXS token holders can before long stake their tokens to get customary prizes. However, not at all like another stakeable resources, AXS holders will likewise have to cast a ballot and play to guarantee their prizes.
Source: https://www.thecoinrepublic.com/2022/06/08/play-to-earn-game-axie-infinity-revenue-continues-to-fall/