Axie Infinity changes economics

Axie Infinity changes economics

Play To Earn Games | 09 Mar 2024 10:05 UTC

Axie Infinity Deploys Desperate Changes to its Resuscitate its Limping Economy.

Axie Infinity, the torchbearer of P2E, decides to implement a few changes to its economic model after plunging stats of its token price, NFT valuation, and trading volume. After its astronomical popularity last year, this is the first time the game suffers a decline in popularity.

Axie Infinity changes its economic system
Axie Infinity changes its economic system

The Ethereum based game enjoyed massive success last year and racked up almost $4 billion in NFT trading volume.

However, things went south lately for Axie Infinity as its token and NFT values took a downfall. The plunging values of the game have put the entire play-to-earn model into question. Assessing the failing economy of the game, the creators of Axie Infinity have decided to introduce changes designed to bring the game economy back to life.

The prime change is related to SLPs where the game will reward fewer SLP tokens. Moreover, the game will focus more on online arena battles and their rewards. The changes will go live with the game’s 20th season on both mobile and PC.

As of now, Axie Infinity requires a player to buy its NFT assets which are known as Axies. To begin playing the game, a player needs to buy at least three of these NFTs. The player then earns by breeding and battling monsters which yield token rewards.

The P2E model of Axie Infinity also resulted in community-based scholarship programs. These scholarship programs worked in third-world countries where NFT asset holders rent Axies to players in return for a cut in token rewards. This scholarship program also played a massive role in Axie Infinity’s success last year.

Axie Infinity changes its economic system
Axie Infinity changes its economic system

However, the momentum quickly took a plunge, and the game’s token SLP decreased below $0.10. The falling value of the token put a massive strain on the scholarship guilds.

Moreover, AXS also plunged nearly 70% when compared to its peak value. Its NFT trading volume decreased from $754 million in November to $301 million in December.

And to top it all off, Sky Mavis’ data shows a drop in concurrent players from a peak of 2.7 million in November to 2.2 million at the end of January.

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Illuvium - Game Review

Illuvium - Game Review

Illuvium is a double blaster by being a fun-filled action treasure hunting blockchain game plus a mode of making some real cash on the sides. It is the first truly AAA game on the Ethereum blockchain with a lot of emphasis on the gameplay. Moreover, it is a multiplayer roleplay game where players develop their characters to compete against others in a battle royale. The winners achieve supremacy in the Illuvium world along with bragging rights. The game is playable in two formats, the story mode, and the battle arena mode, each according to the player’s taste. Illuvium Review: The game revolves around mythical demi-god creatures called Illuvial. These double blaster Illuvials live in a huge beautiful scenic universe with involvement in treasure hunting. Moreover, the Illuvial has the capability of absorbing other Illuvials energy and growing as a being. The player begins the gameplay whilst stranded on a destroyed planet beyond repair after an aircraft crash. The main goal of the player is to develop characters by finding treasures and absorbing other players’ energy. Furthermore, the developed characters are NFTs called ILV tokens which are available for acquisition in-game. Moreover, these tokens are tradeable on the marketplaces, buy or sell on IlluviDEX, or other exchanges. Not only the action gameplay is interesting, but the game works with Ethereum blockchain technology, making it more reliable and promising. Furthermore, the game utilizes Immutable X to give the users facility of zero gas fee transactions. On top of it, it also leverages the security of the Ethereum network to make ensure a safe and secure play and the security of the in-game assets.

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Ethlas: Ethlas Metaverse - Game Review

Ethlas: Ethlas Metaverse - Game Review

Ethlas is a web3 gaming company that builds games, gaming infrastructures, and tools for web3. The web3 company has a lot to offer to the gaming community and players can find several exciting games on Ethlas. Ethals Metaverse is one of its many games. As soon as a person connects their Metamask wallet to their website. Ethlas introduces classic, arcade-inspired games to them on the browser, such as Candy Crush, Tower Builders, and Tetris, with the goal of onboarding individuals into cryptocurrency. In order to begin playing, players need a daily amount of 10 energy to play games. Each game has its own difficulty level, which varies from easy to medium. The leaderboard has rewards for players in the shape of resources and GEMs for which they compete. GEMs are in-game tokens to play free-to-play games; by converting GEMs to XGEM, F2P players can purchase Komo, Ethlas' playable NFT. XGEMs are in-game tokens to transact and reward players. One Komo costs 30,000 XGEM, according to their whitepaper. Surprisingly, the properties of the Komos are improvable by playing these arcade games. Players can acquire Agility experience in Neon Runner, Intelligence experience in Cyberpunk 2048, and Dexterity experience in The Moon. Komo Clash (one of the games in Ethlas): To play the game, each participant must have three Komos. An important recommendation for the players; use QuickSwap to convert their MATIC to XGEM before purchasing their Komo. Komos is useable in all game modes, including co-op, arena, and campaign. In Co-op, the player works with others to defeat a succession of bosses in order to earn daily rewards. The Arena mode, on the other hand, offers weekly awards to the best players on the scoreboard. Finally, the campaign features a series of quests aimed at unraveling Komos' mysteries. Elemental NFTs have the ability to adapt and fit into any Komo. These are add-ons that provide each Komo passive abilities that help them win matches. These elementals are found on the horns and tails of creatures. The reproduction of Komos is possible via two Komo parents. Moreover, they can acquire traits or have mutations from their parents.

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Kawaii Islands: Paradise Adventure - Play-to-Earn Fantasy Simulation - Game Review

Kawaii Islands: Paradise Adventure - Play-to-Earn Fantasy Simulation - Game Review

Kawaii Island, a play-to-earn, provides you with a fantasy universe, in which you can build, craft, farm, socialize, and more. Kawaii Islands is a game that takes inspiration from the beauty and diverse landscapes of the Garden Island or Garden Isle, which is also known as Kauai, one of the Hawaiian Islands. Players can explore different parts of the island within the game, including the Na Pali Coast, Waimea Canyon, and Kalalau Trail, all of which are popular tourist destinations in real life. The game offers a virtual experience of the hiking trails and natural wonders that Kauai has to offer, allowing players to immerse themselves in the scenic beauty of the island. Players can also visit small towns and state parks, as well as explore the different sides of the island, including the west side, north shore, south shore, and south side. Wailua Falls and Wailua River are also part of the virtual world in Kawaii Islands. The game's play-to-earn model allows players to earn NFTs while enjoying the island's sights and attractions, making the virtual exploration of Kauai an enjoyable and rewarding experience. You can earn NFTs with real-life value and can easily exchange them for fiat currency. Each player will need one Binance Smart Chain account to link their MetaMask Wallet to the gameplay with NFTs. In the future, Kawaii Islands will expand and support other Wallets. To access the mobile versions, you'll need to create an email account with a password to store your progress. For transactions they have the aiRight Exclusive Marketplace, Kawaii Islands allows users to sell all important game products as NFTs. All members of the Kawaii Islands have the ability to start their own business and trade or farm NFTs. As you use your wallet address to log in to Kawaii Islands, all purchased things from the Marketplace will automatically appear in your in-game Silo and Storage, and vice versa. Our gamers will benefit from smooth transactions and easy stock control. Winners of airdrops can also claim their prizes on the aiRight Marketplace, which will be sent directly to their wallets.

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Antebellum: Fusion of Fantasy Gaming and Crypto NFTs - Game Review

Antebellum: Fusion of Fantasy Gaming and Crypto NFTs - Game Review

Remember the days when gaming was just about scoring points or defeating a pixelated boss on a screen? Well, hold onto your hats, because Antebellum is about to redefine your gaming experience. Imagine a game that not only captivates you with its fantastical storyline but also introduces you to the cutting-edge world of crypto non-fungible tokens (NFTs). It's like stepping into a new dimension, where the thrill of gameplay merges with the innovative technology of the digital age. This is what "Antebellum," set on the enchanting planet Valeria, offers to every player, whether you're a seasoned gamer or a curious newbie in the world of crypto NFTs. The World of Antebellum: A Fantasy Realm Unveiled: The Lore of Valeria. Once upon a time, in the vastness of the universe, a celestial being named Gaia searched for a place to call home. This search ended on Valeria, a planet so breathtaking that Gaia decided to settle there. But as time passed, loneliness crept in, leading Gaia to create the Valerians - creatures with formidable natures and powers. However, not all tales have happy beginnings. The Valerians, driven by their inherent power struggles, plunged the planet into chaos and bloodshed. This turmoil gave birth to the Heroes/Conquerers, Gaia's answer to the corruption spreading across her beloved Valeria. Setting the Scene: Imagine a world where every corner of the landscape brims with life and mystery. Valeria is not just a backdrop; it's a character in its own right. Its beauty lies not just in its visuals but in the stories that unfold within it. As a player, you're not just passing through; you're part of this world, shaping its destiny with every decision you make. Gameplay Mechanics: Where Fantasy Meets Reality: Modes of Play. "Antebellum" isn't just a one-trick pony. It offers a variety of gameplay modes - from story-driven adventures and competitive PvP battles to custom matches and epic faction wars. Each mode is designed to cater to different playstyles and preferences, ensuring that there's something for everyone. The NFT Twist Now, let's talk about the real game-changer - NFTs. In "Antebellum," the Valerians you command are not just digital characters; they're tradeable NFTs, each with unique designs and abilities reflecting the diverse land types of Valeria - Fire, Electric, Rock, Water, and Grass. Plus, there are 10 legendary lands in the NFT collection, adding another layer of rarity and value to your gameplay experience. Building on Unity A smooth gaming experience is non-negotiable, and that's where Unity, the real-time development platform, comes in. It ensures that "Antebellum" runs seamlessly on mobile platforms, providing an immersive experience without the lag. The Ethereum Connection Antebellum is built on the reliable and secure Ethereum network. This not only enhances the game's functionality but also provides a stable foundation for its marketplace, where players can buy, sell, and trade their in-game items with ease and security. Tokenomics: The Currency of Valeria In the world of Antebellum, the in-game currency is $VAL, initially capped at 250 million. It serves as both the governance and utility token, earnable through various in-game activities like tournaments and PvP battles. These tokens are not just numbers on a screen; they hold real utility in the game's marketplace, allowing you to trade NFTs and other items. It's a system that rewards skill and strategy, giving players a sense of achievement that goes beyond the game. Conclusion: A Game for Everyone "Antebellum" is more than just a game; it's a doorway to a new era of gaming where fantasy, technology, and community come together. Whether you're a hardcore gamer or someone intrigued by the potential of NFTs, "Antebellum" offers a unique and engaging experience. It's a world waiting to be explored, battles to be won, and stories to be told. So, are you ready to embark on this journey? Welcome to Valeria; your adventure awaits!

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Portal Fantasy - NFT RPG Game - Review

Portal Fantasy - NFT RPG Game - Review

Portal Fantasy is a unique role-playing game that combines elements of both traditional and blockchain gaming. Players can embark on a thrilling adventure and explore a pixelated world filled with magic and mystery. The game features an epic story line that immerses players in a rich and immersive experience. In addition to traditional gameplay mechanics, Portal Fantasy also utilizes blockchain technology to offer players the opportunity to earn rewards through in-game actions. Whether you're a seasoned RPG fan or new to the genre, "Portal Fantasy" offers something for everyone. Players can earn rewards for completing quests and battling monsters in the game. The game also features a marketplace where players can buy and sell NFT items and gear. The game has a retro pixel art style and is available on both mobile and desktop. The game is set in a fantasy world filled with magic and adventure, and players can customize their character and gear as they progress through the game. With its blend of storytelling, action, and blockchain integration, Portal Fantasy offers a unique gaming experience for players. In Portal Fantasy, players take on the role of heroes or architects, embarking on epic quests and battles to save the Pyli Kingdom from danger. The game combines elements of pixel art adventure RPGs with the immersive capabilities of the Web3 domain, offering players the opportunity to connect with blockchain NFTs or skip them entirely. Set 2000 years after the War of the Goddesses, the game's immersive story arc follows the heroes as they face off against Porbles, ancient magical beings that have turned against humans, and unravel the mysteries surrounding the Great Magus Atlantes. With its blend of adventure, magic, and strategy, Portal Fantasy is a must-play for fans of the RPG genre.

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Metacade - Game Review

Metacade - Game Review

Metacade is a gaming platform that brings together gamers and people who are interested in cryptocurrencies in a lively virtual space. This makes it easier for people from the GameFi and Web3 cultures to connect and work together. Metacade has quickly become a leading name in the online gaming industry, thanks to its blockchain-based virtual gaming arcade that brings together video game fans under one roof. On this new platform, players can explore the world of play-to-earn (P2E) games and meet new people. Metacade's recent partnership with Metastudio shows that it wants to change the way decentralized gaming works, which has caught the attention of both investors and gamers. As the platform gets more popular, Metacade wants to change the way games are made with its new ideas. Metacade's appeal comes from its P2E mechanics, which make 1v1 duels and exciting tournaments possible. Metacade is an all-in-one Web3 solution that helps create a lively community where gamers can make the most P2E money possible. They can work together to make the GameFi industry what it will be in the future. But people who like crypto and metaverse games will find a lot of ways to explore and make money on this huge and complex online gaming platform. Metacade also gives players different ways to make money if they want to learn more about the world of cryptocurrency gaming. The Compete2Earn (C2E) program lets gamers use the $MCADE token to compete in online tournaments with prize pools.

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Tennis Champs - Game Review - Play Games

Tennis Champs - Game Review - Play Games

Tennis Champs is a competitive multiplayer NFT game that promises engaging gameplay, one-of-a-kind NFT characters, and live tournaments where you can earn $JRX. Tennis games are usually about swiping left and right on your phone, but not this one. To prove that you are a great tennis champion, you must use precise timing and positioning. Every NFT includes an animated video clip and a PFP-optimized image of your Tennis Champs avatar so you can proudly display your elite status wherever you go! Make your own NFT character by selecting from a variety of characteristics, play styles, and appearances. To wear out your opponent, manage your stamina and direction of shots while playing. Win $JRX prizes by winning, leveling up, and entering premium tournaments! A Tennis Champs Genesis NFT with a unique set of features is included in each pre-reveal Blind Bag. There are 16 animations, face props, rackets, expressions, colors, and character traits to choose from. Each trait, such as character, animation, or facial prop, has various levels of rarity, resulting in one-of-a-kind and epic combinations for you to collect! The Tennis Champs Genesis Series on Ethereum is the first set of characters to appear in the Champs metaverse's Tennis Champs game, earning them a blazing crown to signify their elite rank. The only Tennis Champions to wear the burning crown will be the Genesis series.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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