![]() ![]() Rumors emerged online that the developer would launch a new version that includes free-to-play elements to attract new players. ![]() Axie infinity developer how to#Many share Vinh’s sentiment at discussions on Axie Infinity game on social networks and forums online, with the common theme being to quit and turn to new play-to-earn games that are being launched every day.Īt present, no one would bet on the recovery of Axie Infinity, even Sky Mavis seems to have no clue on how to revive the game. This means all of my money is now gone,” Vinh said. Axie infinity developer free#“In early March 2022, I invested over VND1 billion ($42,700) into the game, but after it was hacked, everything suddenly collapsed as AXS’s value was in a free fall. Statistics revealed that 80% of Axie Infinity’s players are investors and pro-gamers, those who considered playing the game as a job rather than a hobby to kill time. The high profit kept luring players and spent around $1,000 to have a steady stream of returns. At the time when the game was launched, players only need to spend $50 to purchase game items and earn $20-30 per week. The damage was severe for both Sky Mavis and players. At present, the market capitalization is around $1 billion, or one-tenth of the peak, and many predicted the figure to further decrease in the coming time. Later, many blamed Sky Mavis, the game developer, as they ignored the necessity to adopt protection measures amid the rising number of players.īefore the hack, each AXS was traded at $70 but then kept declining to around $13 per token. It was not a distant dream at that time that many saw Axie Infinity would be the beginning of Vietnam's quest to become a superpower in the world’s crypto-gaming industry, which is still in its infancy.īut then came an unexpected turn and that fateful day was on March 23, 2022, when hackers took away $620 million worth of cryptocurrency from the game – the biggest heist in crypto history. Given the huge benefits for players, Axie Infinity soon became a phenomenon not only in Vietnam but also around the world.Īxi Infinity was once valued at around $3 billion, with a market capitalization of $10 billion, and a total transaction value of $2 million per day. “Players can earn a lot of money without having to spend a dime, and that is very attractive,” Vinh told The Hanoi Times. But the selling point was the “play-to-earn” model, according to which players are rewarded for their efforts with cryptocurrency tokens called Axie Infinity Shards (AXS), and later exchanged for real money.Īt its peak, each AXS was traded at US$164, and then later stabilized at around $65-70. Players raise and fight cute-looking digital monsters called Axis. ![]() One year ago, he found out about Axie Infinity and has been committed to the game since. ![]() Hoang Vinh, a white-collar worker from Hanoi, spent most of his free time after work playing games. Nguyen Thanh Trung, CEO and founder of Sky Mavis. ![]()
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