Axie Infinity is a play-to-earn (P2E) blockchain game. In an effort to entice players to a new game mode named "Axie Infinity Origin," the company has completely removed the token incentives from its old game mode.
As of this Friday, Smooth Love Potions (SLP) cannot be created in the game's classic mode, according to the developers of Axie Infinity. The development team has stated that the SLP prizes would carry over to the new game mode. Minting won't be accessible for 30 days until Axie Infinity goes through a monitoring phase to check for bugs, abuses, and vulnerabilities.
The development team also made sure to underline how transitioning from the old game mode to the new one will "balance the SLP economy." To increase the utility of SLP, the team will also allow using it to create other in-game bonuses like runes and charms in the new mode.
In an effort to maintain the SLP token's economy, the Axie Infinity team eliminated the SLP prizes for the adventure mini-game and daily tasks in traditional mode back in February. The coin has lost 98.7% of its value since hitting an all-time high of $0.39 in July 2021, despite the team's best efforts.
The P2E idea had gained popularity thanks to the Axie Infinity non-fungible token (NFT) game in 2021, which also accounted for about two-thirds of all NFT transactions in blockchain games. Previously, we at NFT Drops Calendar revealed that $3.5 billion in NFT trades had taken place in the project over the previous calendar year.
The NFT transaction volume for the Axie Infinity project surged 205% in July, despite the crypto tokens' poor performance during the crypto winter. The project is "healing," according to its co-founder Jeff Zirlin, who cited the game's NFT land staking feature as evidence.
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