Axie Infinity, a Play to Earn game involving cryptocurrencies, shows us how volatile its market can be after the drop in the price of SLPs.
Since its launch in 2018, Axie Infinity gradually created an image of being the flagship of the new generation of new, but still controversial, games Play to Earnwhich seek to encourage users to earn money while playing.
The main sources of value of the game of Sky Mavis They focus on two aspects: Axiesthose adorable round creatures that fight each other, and PFS either Smooth Love Potionwhich function as a necessary item for breeding new characters.
The problem arises from the value of the PFSwhich suffered a drop in their monetary value, to the point of being below one dollar, which represents a severe blow to the million and a half players that the game has. crypto game; numbers that also decreased in recent months.
The one who took the trouble to compile the data was the user Lars Doucewhich had seen a price decline approaching since November, at a time when the market was still at a strong point.
We first wrote about this over at @naavik_co last November, when crypto markets were at their height, and pointed out a number of problemshttps://t.co/fiqRMxjSDh
— Lars “Totally Texas” Doucet (@larsiusprime) May 12, 2022
“The price of PFS from Axie Infinity fell to zero! (approximately)” said Doucet via Twitter. The graphs he shared reflect a height peak near the beginning of the year 2022, and then see the metric drop to the point we see today, which is not a positive thing.
Although this type of market can go up and down with a certain “easiness”, it is that same volatility that keeps people interested in investing their money away; the fact that you can lose your achievements in a couple of weeks creates insecurity.
For their part, the developers of Axie Infinityseeks to solve the problem that affects his game through two measures that mainly affect the player with fewer resources: it can not farm plus PFS in the mode singleplayeradded to the chance of power burn your PFSall this in order to reduce the total number of potions on the market, with the aim of recovering their price but, apparently, the plan did not work as they expected.
In turn, their own devs look forward despite the harsh present, with their minds set on the Axie Infinity: Origin, which will seek to give freshness to the franchise in order to attract new users, since they consider it “more accessible than ever.” What do you think of the crypto games? Will this moment be the end of axie, or just a temporary situation?