- Axie Infinity is a play-to-earn game developed by Sky Mavis.
- Recently, they announced Season 0 which will go on for a month.
- Axie Infinity’s native token, AXS, was trading at $14.77 currently.
New Season to go on For a Month
Bear control would be the best word to depict the current situation Axie infinity is going through in the market. The project remains quite active following the latest news regarding its new season. In its fresh roadmap update, the game has released Origin Season 0, marking its transition into the third phase. The release will embrace the Axie Infinity’s new look gaming experience. The season will go on for a month and will initiate Season 1.
The news gained a lot of traction from the traders as the native token of the Axie Ecosystem, AXS, experienced an upsurge on August 24th. As of this writing, Axie Infinity was trading at a market price of $14.77, bullish by 0.85% in the past 24 hours.
Though the Axie ecosystem witnessed a bull run, there is a slight scepticism in the DeFi gaming sector. Since the beginning of this crypto winter, GameFi has received hard blows after being alive and kicking during the mid-2021. This has affected the growth of Axie’s user base. As per a data aggregator, the count has fallen under 100 in the past weeks.
But the ecosystem is trying harder to get back on track with the release of Season 0. As per Axie Infinity, Smooth Love Potion (SLP) rewards were included in the Origin gameplay and completely eliminated from the Classic (v2). Also, the players will have accessibility to NFT Runes and Charms, which the users can create via SLP tokens, asn Moon Shards which they can mint on Ronin.
Although Axie Infinity has failed to gain new users into the game, persisting players are staying loyal to the ecosystem. On August 12, after the announcement of Season 0, the protocol witnessed a massive upsurge in the user base to 79.5K users.
As the game is going to develop a new armory, users are expecting highly from the developers. The native token AXS was witnessed going up the cliff. But the price fluctuations are entirely the result of market sentiments. Currently, the crypto market is trying to recover amid the ongoing turbulence.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.