Play-to-earn game Axie Infinity's revenue continues to slide
June 6, 2022, 12:32PM EDT · 1 min readThe blockchain-based game Axie Infinity brought in only $988,400 in revenue last week — the first week the play-to-earn game has clocked less than $1 million since February of 2021.
Axie, the darling of the P2E world, experienced a meteoric rise in popularity in the summer and early fall of 2021. At its peak, the game accrued over $215 million during the week of August 8, 2021. In October of that year, Axie's creator Sky Mavis had even reached aBut as The Block’s data dashboard shows, Axie Infinity has experienced a steady decline since November of 2021. Sky Mavis
couldn’t continue its rapid growth due to an imbalance issuance and burn mechanism for Axie’s in-game tokens, The Block previouslyToo much of the Axie’s in-game token, Smooth Love Potion was issued without ample ways to destroy, or burn, the token. This lead to inflation that caused the token to lose value, disincentivizing players to continue using the game.
Sky Mavis attempted to instill more burn mechanisms into the game, but it does not appear to have had the desired affects.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Social media blamed for $1B in crypto scam losses in 2021The United States Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud.” The FTC found that Instagram (32%), Facebook (26%), WhatsApp (9%), and Telegram (7%) were the top platforms used for crypto scams.
Weiterlesen »
Newport Harbor baseball defeats Oaks Christian for Division III regional titleThis time, the Sailors build an early lead and don’t let up against the Lions, earning them the CIF SoCal Division III championship.
Weiterlesen »
Consumers report losing $1 billion in crypto to scammers since 2021, FTC study saysMore than 46,000 consumers have reported losing a total of $1 billion in cryptocurrency to scammers since early 2021. The median reported loss from an individual scam was $2,600.
Weiterlesen »
$1 billion has been lost in cryptocurrency scams since 2021, FTC warnsCryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.
Weiterlesen »
Migrants Died on Her Watch Under Trump. Then She Ran a Shelter Under Biden.The former Border Patrol Chief under Trump ran an emergency shelter in Texas for migrant children in early 2021.
Weiterlesen »
Fake Amber Heard Fundraiser Shut Down by GoFundMeThe fake page claimed to be raising $1 million for Amber Heard’s damages to Johnny Depp, but GoFundMe caught the scam before it took off.
Weiterlesen »