In spite of what has been a difficult downturn for the cryptocurrency market, blockchain gaming is proving its longevity for the future through projects showing clear resilience and emerging as new leaders in the space.
Axie Infinity (AXS), whose pet-themed trading blockchain game catapulted to notoriety during the economic shutdowns of 2020, has continued its painful descent over the weekend, with active users contracting to under 60k. As noted in an exhaustive Twitter (TWTR) thread covering Axie’s market shift, these numbers are in stark comparison to the 3 million player high at Axie’s impressive peak.
Axie’s revenue has also decreased from $17 million/week to $11,000/week, and only 10 new Axie holders are joining the community per day. The mint to burn ratio has also hit a critical point, with the Axie “breeding” market suffering as a result.
Splinterlands (SPS), the worldwide leading gaming Dapp, however, continues to onboard hundreds of users a day, bringing in steady revenue...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...