The team also introduced non-fungible runes and amulets (NFT) that can be minted on the Ronin network via the marketplace.
As the Play-to-Earn game reaches $4 billion in sales, Axie Infinity’s classic mode will no longer collect SLP.
Axie Infinity is changing the rewards system and removing SLP from classic mode, according to a company press release issued on August 11. Axie Infinity is one of the “classic” type games.play-to-earn” (P2E) game that incorporates NFTs. To date, the game’s NFT collection has recorded total sales of $4.24 billion, according to data collected by dappradar.com.
Cryptoslam.io data also shows that Axie Infinity has achieved more than $4 billion in all-time sales, but the measure is a bit lower ($4.08 billion) compared to dappradar.com’s statistics. The $4 billion in sales has been achieved through 17,038,131 transactions to date and there are 2,291,087 NFT owners.
Axie Infinity is the first NFT collection on cryptoslam.io. Bored Ape Yacht Club (BAYC) follows behind in terms of sales with $2.36 billion, and Cryptopunks has $2.35 billion in all-time sales. In the latest blog post entitled “Origin Season 0: Phase 3 Is Here“, Axie Infinity clarifies that some changes to the game will remove the rewards of the classic mode.
The game’s management plans to reward players using Origin’s ranked game mode. NFT runes and charms have also been introduced, and the team has adjusted the game’s ranking rewards.
“As planned, we will be moving the SLP from Axie Infinity Classic (V2) to Axie Infinity Origin (V3) as part of Phase 3“, Axie Infinity explained on Thursday. “This means that the SLP program will be completely deactivated from V2 on August 12 at 9:30am GMT +7. One of the main benefits of the transition from Origin to Classic is the improved ability to balance the SLP economy. As such, the design of the SLP rewards system with Origin is being adjusted to align with this goal.“
Axie Infinity has two native tokens, smooth love potion (SLP) and axie infinity (AXS)that are integral to the P2E game. While SLP is used for rewards, AXS is the community governance token. AXS reached an all-time high (ATH), four days before the start of the year. BTC reached its lifetime high price, when AXS reached $164 per unit on November 6, 2021. AXS is currently down over 88% from its ATH, and SLP’s drop from its highest price is even worse. On July 13, 2021, SLP reached a high of $0.399, and today it is down over 98% from that point.