Note that the stats we are sharing below do not reflect the performance of the Origin update but that of its predecessor, Axie Classic (V2).Īlright then, let’s jump right into the economy of Axie. In this piece, we will give you a high-level overview of the game and the state of its current economy. Players are finally playing the game for enjoyment and competition, instead of treating it as yet another grind.Īxie Infinity Origin officially began its Season 0 on August 12, 2022. If you want to earn money while battling Axies, prove your skill by climbing up the leaderboard.Īs humble farmer Nash told us above, this approach has been working so far. Now, instead of rewarding everybody for playing, Axie will only issue rewards to the most competitive and skilled players. The Play and Earn model is a revamp of the reward mechanism of the game. The idea here is to let the players get attached to the characters and enjoy the gameplay without making any financial commitments.Īnother big change Sky Mavis is making as part of their sustainability initiative is to replace the play-to-earn economic model of the game with a play- and-earn system. This new version allows players to experience the world of Axie for free. According to Sky Mavis, "Origin is the new battle version of Axie Infinity that introduces a brand new interface, all new game mechanics, art, special effects, storylines, and an expansive onboarding experience."( Axie Infinity: Origin FAQ) Indeed, after acknowledging the drawbacks of the existing game, Axie has released a new free-to-play version of its core game called "Origins". “Wait, didn't you say the game was making a comeback just now?” In Sky Mavis’ own words, "this is unsustainable." (Axie Infinity: Redemption or Ruin - Deconstructor of Fun)
We think this outcome is likely over the coming months, barring any unforeseen spike in new users. The pace of that new user growth is also critical, because any slowdown in the breeding and selling of axies to new players will lead to a decline in revenue. Axie Infinity’s business model, for the moment, depends on continued growth in its user base and continued fresh money entering the system to prop up the value of Axies, $AXS, and $SLP.Game developer Lars Doucet wrote this in November 2021. Industry insiders have been calling for the unfolding of Axie’s economy before it even began. While factors such as a market-wide crypto crash and a $600 million exploit of its native chain Ronin did intensify the game's ongoing difficulties.Its underlying structure was not suitable for continued growth in the first place. The game has been struggling with a declining user base and plummeting token value for several months now. After almost a year of unparalleled growth, its meteoric rise has come to a halt. Axie, like every other trailblazer, has found itself in uncharted territory. Being at the frontlines of a brand new market is not easy.
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