Play-to-earn (P2E) blockchain recreation Axie Infinity (AXS) has fully eliminated the token rewards from its basic recreation mode to draw its customers to a brand new recreation mode referred to as Axie Infinity Origin.
The Axie Infinity group announced that beginning on Friday, there will probably be no extra Easy Love Potions (SLP) to be minted on its basic mode. In line with the group, the SLP rewards will probably be migrated to their new recreation mode. Nevertheless, minting will probably be unavailable for 30 days because the group conducts a monitoring part to seek for bugs, abuses and exploits.
Other than this, the group highlighted that transferring from basic to the brand new recreation mode will assist “steadiness the SLP economic system.” Along with eradicating basic rewards, the group will even allow utilizing SLP to craft varied in-game boosts equivalent to runes and charms within the new mode so as to add utility to SLP.
Again in February, the Axie Infinity group already removed the SLP rewards for the journey mini-game and each day quests reward in basic mode in an earlier try and steadiness the economic system for the SLP token. Regardless of the group’s efforts to make financial changes, the token continues to be down 98.7% from its all-time excessive of $0.39 in July 2021.
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In 2021, the nonfungible token (NFT) recreation has popularized the P2E mannequin and accounted for practically two-thirds of all blockchain recreation NFT transactions. Inside the final 12 months, the venture confirmed $3.5 billion value of NFT exchanges, in keeping with the token info web site NonFungible.
Regardless that the crypto tokens of the Axie Infinity venture haven’t carried out nicely throughout the crypto winter, the NFT transaction quantity for the venture surged 205% in July. Its co-founder Jeff Zirlin famous that the venture is “therapeutic,” referring to the optimistic reception of the sport’s NFT land staking characteristic.
