Play-to-earn (P2E) blockchain sport Axie Infinity (AXS) has fully eliminated the token rewards from its basic sport mode to draw its customers to a brand new sport mode referred to as Axie Infinity Origin.
The Axie Infinity crew announced that beginning on Friday, there can be no extra Easy Love Potions (SLP) to be minted on its basic mode. In response to the crew, the SLP rewards can be migrated to their new sport mode. Nevertheless, minting can be unavailable for 30 days because the crew conducts a monitoring part to seek for bugs, abuses and exploits.
Other than this, the crew highlighted that transferring from basic to the brand new sport mode will assist “stability the SLP financial system.” Along with eradicating basic rewards, the crew will even allow utilizing SLP to craft numerous in-game boosts akin to runes and charms within the new mode so as to add utility to SLP.
Again in February, the Axie Infinity crew already removed the SLP rewards for the journey mini-game and each day quests reward in basic mode in an earlier try to stability the financial system for the SLP token. Regardless of the crew’s efforts to make financial changes, the token remains to be down 98.7% from its all-time excessive of $0.39 in July 2021.
In 2021, the nonfungible token (NFT) sport has popularized the P2E mannequin and accounted for practically two-thirds of all blockchain game NFT transactions. Throughout the final 12 months, the mission confirmed $3.5 billion price of NFT exchanges, in response to the token data web site NonFungible.
Although the crypto tokens of the Axie Infinity mission haven’t carried out properly through the crypto winter, the NFT transaction quantity for the project surged 205% in July. Its co-founder Jeff Zirlin famous that the mission is “therapeutic,” referring to the optimistic reception of the sport’s NFT land staking function.