Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Developers of Axie Infinity Reduce Breeding Costs in AXS… But Increase in SLP. Why?

Published 12/08/2021, 08:32 AM
Updated 12/08/2021, 09:01 AM
Developers of Axie Infinity Reduce Breeding Costs in AXS… But Increase in SLP. Why?
AXS/USD
-

On December 8th, Sky Mavis announced that it would be lowering the price of breeding Axies, Axie Infinity’s in-game pets. Breeding is a gameplay mechanic through which players can create new gaming characters from Axies they already own. Moreover, the rarer the Axies used for breeding, the more unique a new pet users are likely to get.

Two months ago, Sky Mavis halved prices of breeding, which had been 1 AXS or $68.33 at the time, after the game reached $2B revenue in sales. Now, the cost is set to become 0.5 AXS, which is worth $54 at the time of writing.

On the other hand, the cost of breeding in SLP, solely based on the in-game currency, will be tripled. It is perhaps important to note that SLPs price decreased only by half since the announcement. The changes will come into force tomorrow, December 9th, 3:00 a.m. UTC.

Due to the implementation of Katana, Axie Infinity’s in-game crypto exchange, you can decide for yourself in which currency to pay the fees, simply by making an exchange without even leaving the game.

Read more about Axie Inifnity’s in-game crypto exchange ‘Katana’ here:

Axie Infinity’s In-Game Exchange, Katana, Becomes the Second-Largest DEX

Also, check out the top performing crypto games of December and find out where Axie infinity places:

The Top 10 Metaverse Coins by Market Cap as We Head into December

Top 9 Crypto Games and Metaverses by User Number in December

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

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.