De Shiela Bertillo
On September 30, over 800,000 Axie Infinity Shards (AXS) were rewarded and distributed to Axie Infinity’s founding members. On the same day, the play-to-earn NFT (non-fungible token) game launched AXS staking, fulfilling ⅔ of the token’s purpose.
SkyMavis simultaneously airdropped the promised AXS to players who were active before Oct 26, 2020.
Accordingly, big gaming firms such as Yield Guild Games (YGG) a play-to-earn gaming guild, and The SandBox, a blockchain metaverse, are also riding the AXS staking wave. (Read More: Axie Infinity lansează programul AXS Staking)
In a tweet, YGG stated that they received 1,310 AXS ($145k) worth of restake awards following their move to stake all of their AXS from their treasury amounting to $16.45M.
On the other hand, The Sandbox announced that they staked all of their AXs amounting to $11.69M.
“In the future, staking AXS will give you voting rights and a say over the use of the Community Treasury which now holds over a billion dollars in tokens.” Sky Mavis said in a statement, acknowledging co-ownership the players and investors have on the game. (Citeste mai mult: Cumpărați ETH de la PDAX pentru a transfera la MetaMask și Cumpărați Axies în Axie Infinity)
Consequently, according to Luis Buenaventura II, Yield Guild Games’ country manager for the Philippines and BloomX co-founder, through the AXS Staking feature, the tokens are taken off the market “which induces scarcity and keeps the price moving in the right direction.”
Santiago Roel Santos, a crypto investor, says that Axie Infinity, compared to the $80M in 2020, is on the way to generate $1.4B revenue this year.
“The impressive growth of Axie is, in large part, tied to novel play-to-earn (P2E) mechanics which, much like ride sharing apps, has become a primary source of revenue for gamers across the world. P2E combines digital asset ownership w/ the passion economy empowering users.” he stated.
Acest articol este publicat pe BitPinas: Firmele mari de jocuri își mizează AXS-urile
Source: https://bitpinas.com/feature/big-gaming-firms-stake-their-axs/
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