Sky Mavis made $1.2 billion in revenue from producing Axie and charging in the marketplace, and they attracted the “shark” Mark Cuban. However, some analysts say that this business model is not sustainable, because players have to constantly put money in. Jonathan Teplitsky, a blockchain expert at Horizen Labs, warned that money-making games are a model that is prone to collapse as they emerge from hype and speculation. “If Axie Infinity wants to win the next market crash, they have to build a world that doesn’t depend on the mood of the market,” he said. Nguyen Thanh Trung, co-founder and CEO of Sky Mavis said: “There is more value that players receive than money.”, and he pointed out that Axie Infinity is not a game. Users are not affected by fluctuations in the in-game economy zero sum.Ī “zero-sum game” is a term in game theory where what one person gains is equal to what another loses, so that the net change in wealth or gain is zero. The economy of this game has seen some volatility over the past few months. In 2021, when Axie Infinity announced an update that made it easier and more efficient for players to trade, the value of SLP coins increased by 900% from 3.5 cents to 36.5 cents in less than 1 week. However, by the end of January 2022, the price of this coin fell below 1 cent and has recovered to about 3 cents, but this figure is far from what it was in 2021. “People are starting to understand that money doesn’t just fall from the sky, to make money they need to really understand how the game works,” Buenaventura said. Lumabi’s monthly income has more than halved, but he is unaffected by this. “As long as I can get between 100 PHP and 1,000 PHP a month, I think it’s still a profitable investment,” he said. 4 weeks ago Who is the person who is likened to the North Korean doctor Fauci?.4 weeks ago Phu Tho’s mother remarried to an Indian director, still working as a worker to support the whole family in difficult times.MaFather slashed his son while he was sleeping and turned himself in.ApMobile World “revived” VuiVui.What is Axe Infinity? If you want to know more about it, we have created a complete guide where we explain what Axie infinity is.What Is Axie Infinity?Īxie Infinity is a play-to-earn game on the Ethereum blockchain. People who play this game get to earn money (in cryptocurrency). The gameplay involves buying Axies and using them to battle, explore, and breed with other Axies while traveling through the Axie Infinity Lands. What Are Axies?Īxies are creatures in the game that players use to move around in the Axie Infinity world. Each Axie is different because it’s an NFT. So once you mint an Axie NFT, you get ownership of the creature in the game. Even when you’re offline, the creature is still yours and no one else can use it. The land, also known as Lunacia, is made up of tokenized plots of land that serves as homes and bases of operation for Axies who own them. Those plots can be upgraded through a variety of resources and ingredients that can be found in the world of Lunacia.
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