Axie Infinity Shards (AXS), the governance token powering the popular play-to-earn blockchain game Axie Infinity, has soared more than 19% in the past 24 hours to become the best performing asset among the top-100 cryptocurrencies.
Axie Infinity is a blockchain-based game in which players purchase non-fungible tokens (NFTs) of Pokémon-like monsters to pit them against each other in battles. Players can earn a second token, called Smooth Love Potion (SLP), during gameplay and trade them for money at an exchange.
As data from CoinMarketCap shows, AXS spiked to a daily high of $27.82 earlier on Tuesday before dropping to $23.95 at press time.
The last time AXS traded at these levels was on May 10, before the broader crypto market rout caused by the Terra implosion took the token down close to $17.
Axie Infinity's latest price action appears to be related to Sky Mavis, the development group behind Axie Infinity, revealing the first batch of projects that have been accepted into its Builders Program. The program will introduce user-generated content into the Axie ecosystem.
First announced in January this year, Axie Infinity's Builders Program serves as a laboratory for community-created games and experiences. It aims to reward developers who help strengthen the Axie Infinity community's ability to create gaming experiences and tools on top of the platform.
Your Axie NFTs are a ticket to an infinite realm of experiences. Today, we take a major step towards making this a tangible reality.
We’re ecstatic to present the first 12 projects that we’ve accepted into the Axie Builders Program!https://t.co/iy2x9sXcR9
Among a host of incentives, the chosen teams will receive a minimum $10,000 grant in AXS tokens to fund their projects, exclusive access to tech integrations such as Ronin Single-Sign-On and Ronin wallet transactions, as well as guidance from Axie Infinity's engineering, game design, and product teams.
Additionally, the projects will be able to monetize their game using the crypto game's brand with a revenue-share model.
Some projects in the Builders Program include Inter the Dungeon, a push-your-luck dungeon crawl that will provide the standards for sharing style, prestige, and identity by showcasing how to exchange resources between games, Defenders of Lunacian Land (DOLL), a survival action game with simple gameplay and challenging roguelike elements, Across Lunacia, a platforming adventure for Axie NFTs, and Mech Infinity, a battle royale game involving Axies and their unique abilities.
Non-fungible token (NFT) crypto collectibles like artwork and videos exploded in popularity in early 2021, but several blockchain-based video games had already been building in the space before most people took notice.
When NFTs hit the mainstream, the promising crypto game Axie Infinity by indie studio Sky Mavis took off. And when the wider NFT market cooled a bit after all of that hype… well, Axie Infinity got even bigger.
Axie Infinity is inspired by Nintendo’s beloved Pokémon series. It se...
"The Builders Program is one of many initiatives that will unlock more enjoyment and utility for your Axies, in this case from community built experiences," Sky Mavis said in a statement.
The company added that it will also be forming partnerships with major game studios to develop experiences for the Axie Infinity and Ronin.
"We will be accepting many more teams over time (and maybe even quite soon) and everyone should continue to build," added Sky Mavis.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
The threat actor behind massive thefts from Coinbase users has taken to openly mocking prominent on-chain sleuth ZachXBT, using a public Ethereum transaction as a taunt.
It was first revealed by ZachXBT through a notice on the Telegram channel Investigations.
ZachXBT has identified the threat actor as the same person or group behind the data breach targeting Coinbase users.
"L bozo," the hacker wrote Wednesday evening through an Ethereum transaction using the blockchain's input data message feat...
Bitcoin soared to a new record price above $109,000 on Wednesday morning, pushed by tailwinds that have sent cryptocurrencies and other risk-on assets higher over the past two months.
The largest crypto by market capitalization was recently trading at $109,378 at crypto exchange Coinbase, up 4.5% over the past 24 hours. According to Coinbase, BTC topped out at $109,500 before cooling. Bitcoin is now up nearly 25% over the last month.
"Bitcoin is pushing toward new highs with strong tailwinds beh...
A list of 220 of the top holders of President Donald Trump’s official Solana-based meme coin (TRUMP) was headed by Tron founder Justin Sun, the crypto billionaire confirmed via social media on Monday.
The list contained registered TRUMP holders vying for an invitation to the president’s gala dinner to be hosted at Trump National Golf Course in Washington, D.C. on May 22. The top 25 “VIP” holders, including Sun, also receive access to an exclusive reception and special tour alongside the dinner....