Finance Redefined: Axie Infinity creator raises $150M, DApp daily users surge...
Axie Infinity's Ronin Bridge hackers have started moving their funds despite early hopes of a dialogue between the creators and the hackers. The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity even when the overall market cap took a slight dip amid overall market retrace. The creators of the popular play-to-earn nonfungible token (NFT) game Axie Infinity raised $150 million to reimburse hack victims of the Ronin bridge exploit.The decantralized application, o daily user count surged to 2.4 million in the first quarter of 2022, while....
Related News
Axie Infinity storms the charts, toppling PancakeSwap to become the highest-grossing DApp of the past month. Data from Token Terminal shows the Axie Infinity game netted $22.6 million over the last 30 days. This is almost twice as much as second-placed PancakeSwap, which brought in $13 million in the same period. Source: tokenterminal.com By outperforming […]
The developers are currently working on a security upgrade and plan to increase the number of validator groups to 21 before making Ronin Bridge live again. Sky Mavis, the creator of the popular play-to-earn nonfungible token game Axie Infinity has raised $150 million in a new funding round led by Binance. The fundraiser is aimed at reimbursing lost funds from the recent exploit on Axie Infinity’s Ronin bridge, resulting in losses of over $600 million. The funding round also saw participation from Animoca Brands, a16z, Dialectic, Paradigm and Accel.As Cointelegraph reported earlier, the....
While the crypto market has been bleeding out, Axie Infinity (AXS) records a 112% rally over the past week and a 14.7% profit in the daily chart. Bears are in disbelief, as this Non-Fungible Token (NFT) based platform continue to gain popularity, users, and moving to the upside. As NewsBTC previously reported, Axie Infinity was […]
Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP. Last week Axie Infinity's AXS token went on an impressive parabolic run and hit a new all-time high at $19.60. Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate the Axie Infinity world. SLP/USDT 4-hour chart. Source: TradingViewData from....
This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called ‘scholars’ are seeing daily earnings drop, and many have seen earnings dip below the minimum wage line of countries like the Philippines.
Naavik Researchers Take a Deep Dive Into Axie Infinity — ‘Scholar’ Earnings Have Been Dropping Since August
The Ethereum-based blockchain game Axie Infinity is one of the....