Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode – Bitcoin News

After recording more than $4 billion in all-time sales, Axie Infinity announced that the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked game mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on the Ronin network through the marketplace.

As the Play-to-Earn game reaches $4 billion in sales, Axie Infinity’s classic mode will no longer collect SLP

Axie Infinity is changing the reward system and removing SLP from the classic game, according to a blog post published on August 11. Axie Infinity is one of the most popular play-to-earn (P2E) games that feature NFTs. The game’s NFT collection has so far seen $4.24 billion in all-time sales, according to all-time statistics compiled by dappradar.com.

Cryptoslam.io data also shows that Axie Infinity has over $4 billion in all-time sales, but the calculation is slightly less ($4.08 billion) compared to dappradar.com’s statistics. The $4 billion sale has taken place across 17,038,131 transactions to date and there are 2,291,087 NFT holders.

Axie Infinity is the top NFT collection on cryptoslam.io as Bored Ape Yacht Club (BAYC) follows Axie Infinity in sales with $2.36 billion, and Cryptopunks has $2.35 billion in all-time sales. In the latest blog post called “Origin Season 0: Phase 3 Is Here,” Axie tells Infinity that some changes to the game will remove rewards in classic mode.

The game’s management plans to reward players who use Origin’s ranked game mode. NFT runes and charms have also been introduced, and the team adjusted the game’s leaderboard rewards.

“As planned, we will be moving SLP over from Axie Infinity Classic (V2) to Axie Infinity Origin (V3) as part of Phase 3,” Axie Infinity explained on Thursday. “This means that SLP emissions will be completely turned off from V2 on August 12 at 9:30 GMT +7. A major benefit of the transition to Origin from Classic is expanded abilities to balance the SLP economy. Thus, the design of SLP -the reward system with Origin set up in a way that aligns with that goal.”

Axie Infinity has two native tokens, smooth love potion (SLP) and axie infinity (AXS), which are integrated into the P2E game. While SLP is used for rewards, AXS is the community governance token. AXS hit an all-time high (ATH), four days before BTC hit its lifetime price high, when AXS reached $164 per unit on November 6, 2021. AXS is currently down more than 88% from its ATH, and SLP’s fall from its high price is even worse. On July 13, 2021, SLP hit a price high of $0.399, and today it is down more than 98% from that time.

What do you think about Axie Infinity changing the SLP reward structure? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.