![]() ” Jae Chung, Founder of Jenny DAO, said about P2E games at Mainnet. There’s so many people in my generation, and in Gen Z, who love to play, but now we want to get rewarded for. I really thought it would be primarily from legitimate games using NFTs,” Finzer said. “I didn’t expect art and collectibles to have such value over time. OpenSea co-founder Devin Finzer cited Axie Infinity as one of the flourishing use cases for gaming in the NFT space during a recent panel at the Messari Mainnet conference.ĭespite the billowing demand in art and collectibles on the NFT marketplace he helped to create, Finzer predicts gaming could be the “next frontier” for NFTs. The team, which makes decisions behind the game’s development and direction, currently own 21% of the AXS supply with a vesting schedule that unlocks over 4.5 years. In the future, the studio behind Axie Infinity, Sky Mavis, aims to phase out control over the game and hand governance to the community, according to their white paper. “Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens,” Axie Infinity’s announcement said, which also revealed that the platform would airdrop $60 million worth of its tokens (at that time) to early users of the game. Staking will also provide AXS holders the opportunity to vote on the use of the community treasury, where all protocol earnings are currently being stored. These will unlock over roughly 5.5 years, with the intention of attracting AXS holders who share a similar long-term vision. AXS holders can now opt to lock their tokens for an allotted period of time, and in the process, earn rewards. Holders of these tokens can vote and create proposals on anything related to Axie Infinity’s platform.īut staking introduces a new component to Axie Infinity. AXS is the governance token, most comparable to holding shares of a company. SLP is what players earn through playing the game. There are two tokens within the Axie Infinity economy, Axie Infinity Shards ( AXS) and Smooth Love Potion ( SLP). You’re getting paid to play a game, and in theory the game is fun, strategic and high-level.” Accruing earnings from Axie Infinity “From a conventional investment perspective, it’s not a bad value proposition. I think GameFi is the first novel application of what we can do with NFTs,” Andrew Campbell, a content creator and program lead at Axie Infinity, told Blockworks. “Bitcoin was kind of like the first novel application of what we can do with blockchain.
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