Tune in at 5pm UTC every Friday to our new podcast Off the Blockchain, where we will be talking about all the latest stories from the world of Web3, the metaverse, DeFI and NFTs.Axie Infinity (AXS) – Twitter What Problems Does Axie Infinity (AXS) Attempt to Fix? You can keep up to date with its position in our rankings pages and see how its land NFTs perform.įollow our blog to keep abreast of the platform’s ongoing story and follow us on Twitter for breaking news. It will be interesting to see whether or not Sky Mavis’s new land ventures do have a positive effect on Axie Infinity’s performance. External events, like the war in Ukraine, rising commodity prices and China’s ongoing Covid issues, are all causing people to trim their risks and save their money where they can. In the 24 hours that followed, the game saw an 11% decrease in active players and the native marketplace lost 17% of its users.ĭappRadar also reported back in February that inflationary problems and stalled growth were having a negative impact on the game’s popularity among users.īoth of these problems have come against a backdrop of a bearish DeFi market in which most cryptocurrencies and native tokens have dropped in value. The big news for Sky Mavis this year was the Ronin bridge exploit where hackers stole over $600 million from users. The game’s drop down DappRadar’s dapp rankings testifies to Axie Infinity’s troubled start to the year. Sky Mavis’s two recent announcements – land gameplay and staking – have come amid a string of crises that have rocked the once-supreme play-to-earn platform. 2022 has been a tough year for Sky Mavis and Axie Infinity Similar to Yuga Labs’ Otherside, owning a decent plot of land in Axie Infinity is now the preserve of the most wealthy.
#Axie infinity staking series#
These prices will change quickly, so making your own spreadsheet is strongly advised.Īs we can also see from the series of tables, land prices for the three best lands – Arctic, Mystic and Genesis – have risen so quickly that purchasing one of them is out of reach for most people. My updated table showing Mystic as the current best investment These rewards are fixed and 337,500 AXS per month ($10,087,875 at the time of writing) that Sky Mavis has put aside to award to users for staking their land. The table below shows the daily rewards per plot. This makes land more scarce, as it can’t be sold, which in turn maintains its value and keeps holders happy. Sky Mavis’s new land staking function will enable holders to lock away their land. Players can earn rewards by farming their land different categories of land determine the types of resources a player can earn. Sky Mavis announced that ‘Axie Infinity land staking is an initiative designed to increase ownership of the native token AXS among landholders’. We’ll also take a look at what the most profitable piece of land is and how long users will have to stake their plots to recoup their costs. Now that Sky Mavis revealed their plans for land staking, we have the opportunity to assess how it works and how they intend on taking it forward.
#Axie infinity staking update#
Land staking update followed Sky Mavis’s recent announcement about land gameplay in Axie Infinity.
In the 12 hours since then, land prices have been on a volatile ride as people look for the best investment opportunities. On May 3rd, Sky Mavis announced the staking process for land in its flagship and hugely successful game Axie Infinity. Land prices are changing so quickly that making the best decision has become a matter of precise timing
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