⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Axie Infinity Announces Launch of New Marketplace Upgrade

Published 07/19/2022, 06:27 AM
Updated 07/19/2022, 06:30 AM
Axie Infinity Announces Launch of New Marketplace Upgrade
AXS/USD
-

  • Axie Infinity will deploy an upgrade to Axie Marketplace this August.
  • The upgrade will support NFT runes and charms and use ERC 1155 standard.
  • Due to this upgrade, all marketplace listings will be taken down, and players will have to re-list their Axies.

Sky Mavis, the creator of play-to-earn blockchain gaming platform Axie Infinity, announced on July 19 the launch of their latest update, which is set to be deployed to Axie Marketplace from August 2022 onwards.

This update will enable the marketplace to utilize the ERC 1155 standard, which will allow support for NFT charms and runes. Further, it will include performance upgrades to regulate the increased traffic that comes with periods of growth and adoption.

As the common practice on most NFT Marketplaces, this listing will also be featured for a maximum duration of six months to combat NFT pollution. Due to this upgrade, all marketplace listings will be taken down. Those holding Axies that are currently listed will have to re-list them once the upgrade is up and running.

Migrating the Axie listing requires ‘sign transactions’ from the Axie holder. Sky Mavis declared that they will be unable to do so as the creation of a mass re-listing tool would add more complexity to the launch and take up development resources that could be utilized on more important features, such as badges, upgraded bundles, and offers.

Hence, this upgrade is believed to serve a much-needed reset besides paving the way to support NFT runes and charms. Some of the benefits this upgrade brings along are as listed below:

  • Players who have listed their Axies will return to re-list and discover the recent updates to Origin
  • Marketplace sales will not go into ‘blackholes.’ (e.g., players who have lost their private keys or left the ecosystem forever)
  • The upgrade will enable players to re-assess the listings that were made in a dramatically different market environment.

Apart from this announcement, Sky Mavis is also hosting Axie Infinity’s latest breeding event, Lunacian Summer, in the Lunacian metaverse from July 14. The event will last for 50 days (till September). According to the team, automation breeding is prohibited during this period.

This breeding event, launched in 2018, has given rise to a remarkable generation of breeders and collectors for two consecutive years (2018 and 2019). Meanwhile, Sky Mavis is also preparing the long-awaited game reboot, Axie Battles V3 (AKA Axie Origin).

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.