After much speculation, the wallet that houses over 22 billion of the total token supply, Smooth Love Potion (SLP), from the game Axie Infinity, has been identified as an address belonging to Binance.
The wallet was first noted by Axie Infinity player and co-founder of the technology, Michael Benco, who raised your concern for having more than 50% of the total supply of SLP in circulation, which could have an impact on the game ecosystem.
Following a Cointelegraph news story on the matter, Axie Infinity co-founder Jeff Zirlin confirmed on Twitter that the address is a “Binance Ronin gateway contract.”
An earlier statement to Cointelegraph from the co-founder and COO of Sky Mavis, Alexander Larson, he had only shared that the wallet did not belong to Sky Mavis or Axie Infinity.
Ultimately it was Zirlin who put the matter to rest, noting that “we’re going to move on – thanks guys for helping to clear up the information around this. This is indeed the Binance-Ronin gateway contract.”
Speaking to Cointelegraph, Benko said that ultimately he was happy with the result, because he got the answers he was looking for, while receiving a direct line of communication with Zirlin:
“There were some pretty aggressive key opinion leaders […] who came after me on Twitter today, but I’m so proud of my initial story […]. I also think having Sky Mavis officially commenting to explain to the community what this bag is is valuable. Now they have.”
Benko noted in a Twitter thread that he had previously contacted Sky Mavis and others for an explanation with no luck, before bringing the wallet to the attention of the media.
Binance has provided various bridges to the Axie Infinity ecosystem, with the exchange allowing users to withdraw in-game assets to the exchange and vice versa.
The firm has a long-term association with Axie and previously helped the project by providing a bridge for users to withdraw in-game assets after the Ronin Bridge went down following the $600 million hack in March.
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