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Axie Infinity Is the Industry Leader in Crypto Gaming, Says Crypto Head,
Sky Mavis Promises to Compensate Lost Users for Ronin Hack
According to Crypto Head, five crypto games have market caps in the millions, while two have market caps in the tens of millions.
After hacking and stealing $625 million from the Ronin blockchain, the Singapore-based game studio Sky Mavis pledges to repay users, according to Bloomberg.
“Season 20 is close and when it’s released, a variety of important economic balancing changes will be implemented.”
In 2021, Axie Infinity [AXS] made headlines for several months as the play-to-earn metaverse game swung into the GameFi space like a storm.
Discover Cointelegraph's top picks for nonfungible token projects with the largest trading volume and communities.
Melchor Plabasan, Bangko Sentral ng Pilipinas (BSP) Technology Risk and Innovation supervision director, stated that the main applications he is seeing for cryptocurrency as a regulator are in investment, remittances and payment.
Vietnam-based gaming firm Sky Mavis reveals that Axie Infinity, its play-to-earn non fungible token (NFT) game, will soon reach a total of three million daily active users; while, the growth of its Ronin’s number of daily transaction volume quadrupled.
Developers reiterate focus on the long term sustainability of Axie Infinity.
The first official Axie Infinity Creator Cup! This studio event will be live from the Philippines, and starts on December 4th.
The Bangko Sentral ng Pilipinas (BSP) expressed that they are as yet concentrating on Axie Infinity, a famous play-to-earn non fungible token (NFT) game, and its conceivable status as an administrator of payment system (OPS) which would require the game and its designers to enroll with the national bank.