Blockchain game Axie Infinity becomes available on the App Store. AXS token reacts with a growth of 25%
The app will first appear in Latin America and Asia, including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, and Vietnam
17.05.2023 - 12:35
701
3 min
0
What’s new? On May 17, gaming studio Sky Mavis announced that the blockchain game Axie Infinity has become available on the App Store for iOS devices. The app will first appear in Latin America and Asia, including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, and Vietnam. After this news, the rate of the gaming token AXS jumped by 25% to $8,5. By 12:00 UTC, the value corrected to $7,43, according to Binance.
Announcement on the Axie Infinity blog
Axie Infinity is a Play-to-Earn (P2E) blockchain game in which users can earn money by selling, breeding fantasy creatures, and battling against other players. It was developed in 2018 by the Vietnamese studio Sky Mavis. The game uses AXS and SLP tokens on the Ethereum blockchain. All creatures in Axie Infinity are non-fungible tokens (NFTs).
What else is known? In December 2022, Sky Mavis launched a version of the app with limited functionality on Malaysia’s Google Play. This allowed the development team to test and improve the game before rolling it out to other countries. The company said it took a similar approach to the App Store in Latin America and Asia.
Sky Mavis noted that 70% of new members of the Axie Infinity community learn about the game from friends and family, so for its development and audience growth the ability to simply distribute is crucial.
iOS players will reportedly be able to use their NFTs in this release. According to Sky Mavis, this is the first time Apple has allowed such assets purchased outside of its own ecosystem into the App Store.
Apple bans NFT sales outside the App Store ecosystem
Apps on the marketplace should not be linked to or encourage one to visit third-party resources
On January 23, 4,8 million AXS (1,8% of the total supply) were unlocked. In the run-up to the event, the token’s rate rose by 41,14% to $12,9.
In February, Sky Mavis announced a partnership with the MetaLend lending protocol that will allow Axie Infinity users to borrow against gaming assets on the Ronin Network.
Useful material?
Mining
The restrictions are designed to maintain the balance of energy consumption, taking into account the demands of the industry
Dec 24, 2024
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024