After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. Axie Infinity also launched non-fungible token runes (NFT), charms, and runes that could be created on the Ronin network via the marketplace.
As the Play-to-Earn Game Hits $4 Billion in Sales, Axie Infinity’s Classic Mode Will No Longer Collect SLP
According to AxieInfinity’s blog, August 11, a change in the reward system is underway. SLP will be removed from the original gameplay. Axie Infinity (play-to-earn) game with NFTs is one of most loved. The game’s NFT collection so far has seen $4.24 billion in all-time sales, according to all-time statistics collected by dappradar.com.
Cryptoslam.io data also shows that Axie Infinity has over $4 billion in all-time sales, but the metric is a touch less ($4.08B) compared to dappradar.com’s stats. The $4 billion in sales took place across 17,038,131 transactions to date and there’s 2,291,087 NFT owners.
Axie Infinity has the highest NFT collection at cryptoslam.io. Bored Ape Yacht Club, (BAYC), is second with sales of $2.36 Billion to Axie Infinity and Cryptopunks stands third with $2.35 Billion. In the latest blog post called “Origin Season 0: Phase 3 Is Here,” Axie Infinity details that some changes to the game will remove classic mode rewards.
The game’s management plans to reward players using Origin’s ranked gameplay mode. NFT runes and charms have been introduced as well, and the team adjusted the game’s leaderboard rewards.
“As planned, we will be moving SLP over from Axie Infinity Classic (V2) to Axie Infinity Origin (V3) as part of Phase 3,” Axie Infinity explained on Thursday. “This means that SLP emission will be completely turned off from V2 on August 12th at 9:30 AM GMT +7. The major advantage of switching to Origin over Classic is the ability to balance SLP economies. Thus, the design of the SLP rewards system with Origin is being tuned in a way to align with that goal.”
Axie Infinity is home to two native tokens: smooth love potion, (SLP), and Axie Infinity (AXS), which are both integral parts of the P2E game. While SLP is used for rewards, AXS is the community’s governance token. AXS reached an all-time record (ATH) four days prior to Bitcoin reaching its lifetime high price. AXS was $164 per unit November 6, 2021. AXS is currently down more than 88% from its ATH, and SLP’s fall from its price high is even worse. On July 13, 2021, SLP reached a $0.399 price high, and today it’s down more than 98% from that point.
How do you feel about Axie Infinity’s proposed changes to the SLP reward structure? Comment below and let us know how you feel about the subject.
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