2021 was the Year of NFTs, Crypto Games. Many games gained world-class fame and attracted hundreds of millions of dollars to cryptomarket. The glory was fleeting, however, and 2022 was the worst year for many cryptocurrency games, including Axie Infinity, which was the largest of them all.
On May 31, Sky Mavis, the company behind Axie Infinity, included 12 projects into its Builders Program, which on building new gaming experiences to help increase the number of users —which, by the way, has fallen exponentially just like the price of its native tokens.
As per Sky Mavi’s press release, the startup selected 12 projects out of more than 2,000 submitted applications. The winners will receive $10,000 in AXS, Axie Infinity’s native currency, to fund their projects’ development. They will be also able to monetize them on a shared basis using the game’s branding.
Your Axie FTs are your ticket to an infinite range of experiences. We are making this a reality today.
We’re ecstatic to present the first 12 projects that we’ve accepted into the Axie Builders Program!https://t.co/iy2x9sXcR9
— Axie Infinity🦇🔊 (@AxieInfinity) May 31, 2022
Axie Infinity seeks to strengthen its ecosystem via The Builders Program
Sky Mavis has many initiatives to make users more engaged.
With the Builders Program, the team behind Axie Infinity will leverage the knowledge and experience of its community and will roll out new game modes that help “strengthen the Axie ecosystem.” Sky Mavis also reported that it is partnering up with major game studios to develop new experiences for both Axie Infinity (as a game) and Ronin (its standalone blockchain network).
At the same time, Philip La, head of gaming product at Axie Infinity, said that co-creating projects alongside the Axie Infinity community “will be a key driver of value generation at scale over time.” A lot of the WEB3 ethos is to promote decentralization, and having a community deeply involved in the development of an ecosystem is key for Axie Infinity to live a long life in the blockchain world.
“The Builders Program is the first step in a new world where the community can make significant and meaningful contributions directly toward games and projects they love and is one of many initiatives that will allow players to gain more enjoyment from the Axies they own.
SLP and AXS still need to recover
AXS was one of the tokens that fell the most during the bearish trend in 2022. It dropped more than 85% from its ATH of $160. The token is currently trading at $18, which many analysts consider support.
The token SLP, which is given to players in reward for their victories in battle, has plummeted more than 98.80%, after it reached its ATH of $0.42 on May 20,21. The developers made controversial decisions to limit players from creating multiple accounts in order to reap the rewards.
Although Axie Infinity’s internal economics continue to plummet, the community behind the game is so large that it could really help this game position itself back at the top of crypto games —if the winter ends.