Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

Play-to-earn (P2E) blockchain recreation Axie Infinity (AXS) has utterly eliminated the token rewards from its classic recreation mode to appeal to its customers to a new recreation mode known as Axie Infinity Origin.

The Axie Infinity group introduced that beginning on Friday, there will probably be no extra Smooth Love Potions (SLP) to be minted on its classic mode. According to the group, the SLP rewards will probably be migrated to their new recreation mode. However, minting will probably be unavailable for 30 days because the group conducts a monitoring part to seek for bugs, abuses and exploits.

Apart from this, the group highlighted that transferring from classic to the new recreation mode will assist ā€œbalance the SLP economy.ā€ In addition to eradicating classic rewards, the group may also allow utilizing SLP to craft numerous in-game boosts similar to runes and charms within the new mode to add utility to SLP.

Back in February, the Axie Infinity group already eliminated the SLP rewards for the journey mini-game and each day quests reward in classic mode in an earlier try to stability the financial system for the SLP token. Despite the groupā€™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.

Related: P2E gaming is in a rut, however Axie Infinity (AXS) might rebound for 3 key causes

In 2021, the nonfungible token (NFT) recreation has popularized the P2E mannequin and accounted for almost two-thirds of all blockchain recreation NFT transactions. Within the final yr, the mission confirmed $3.5 billion price of NFT exchanges, in accordance to the token data web site NonFungible.

Even although the crypto tokens of the Axie Infinity mission haven’t carried out nicely in the course of the crypto winter, the NFT transaction quantity for the mission surged 205% in July. Its co-founder Jeff Zirlin famous that the mission is ā€œhealing,ā€ referring to the constructive reception of the sportā€™s NFT land staking function.

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