Axie Infinity Shards (AXS), Governance Token Powers Popular Play-to-Earn Blockchain Game axi infinityIt has become the best performing asset among the top 100 cryptocurrencies, rising over 19% in the past 24 hours.
Axie Infinity is a blockchain-based game in which players buy non-fungible tokens (NFTs) of Pokémon-like monsters to pit them against each other in battle. Players can earn a second token called the Smooth Love Potion (SLP) during gameplay and trade them for money in the exchange.
As data from CoinMarketCap shows, AXS reached a daily high of $27.82 earlier on Tuesday and declined to $23.95 at press time.
The last time AXS traded at these levels was on May 10, before the token fell near $17 due to the wider crypto market due to Terra implosion.
The latest price action from the Axie Infinity appears to be related to Sky Mavis, the development group behind the Axie Infinity, which revealed the first batch of projects that have been accepted into its Builders program. The program will introduce user-generated content into the Axi ecosystem.
First announced in January of this year, Axie Infinity’s builders program serves as a laboratory for community-created games and experiences. It aims to reward developers who help strengthen the ability of the Axi Infinity community to build gaming experiences and tools on top of the platform.
Benefits of the Axi Infinity Builders Program
Among the many incentives, selected teams will receive a grant of a minimum of $10,000 in AXS tokens to fund their projects, exclusive access to technology integrations such as Ronin single-sign-on and Ronin wallet transactions, as well as access to Axie Infinity’s Guidance from engineering, game design, and product teams.
Additionally, projects will be able to monetize their games with a revenue-share model using the crypto game’s brand.
Some of the projects in the builders program include Inter the Dungeon, a push-your-luck dungeon crawl that will provide benchmarks for sharing style, prestige and identity by showing how resources are exchanged between games, with Lunasian Land. Defenders (DOLL), a survival action game with simple gameplay and challenging roguelike elements, Across Lunasia, a platforming adventure for Axie NFT, and Mech Infinity, a battle royale game featuring the Axis and their unique abilities.
“The Builders Program is one of many initiatives that will unlock more enjoyment and utility for your Axis, in this case from community-built experiences,” Sky Mavis said in a statement.
The company said it will also partner with major game studios to develop experiences for Axie Infinity and Ronin.
“We will be accepting many more teams over time (and probably even very soon) and all should continue to build,” said Sky Mavis.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
Want to become a crypto expert? Get the best of Decrypt straight to your inbox.
Receive the biggest crypto news + weekly roundups and more!