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Axie Infinity price, market cap on Coin360 heatmap

Axie Infinity(AXS)

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$18.308
(4.51%)
0.00077351 BTC
Market Cap (Rank#47)
$1,512,131,903
63,887 BTC
Vol 24h
$38,356,427
1,621 BTC
Circulating Supply
82,594,082.30
Max Supply
270,000,000
1 day agocryptodaily
North Korea is using crypto hacks to fund nuclear arms program
The US is becoming increasingly worried that North Korean hackers are helping to fund their country’s nuclear weapons program. A UN report found that North Korean hackers stole more than $50 million in digital assets between 2020 to 2021. According to a report on The Charlotte Observer on Tuesday, up to a third of stolen crypto funds are being used to fund the North Korean missile program. Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technology, who was quoted in the report, said: "That's a major issue, whether it's attacks against cryptocurrency exchanges or use of information technology workers in various countries." The UN report stated that crypto hacks were targeted at cryptocurrency exchanges in North America, Europe, and Asia. A previous report on the situation from 2019, outlined that North Korea had managed to raise $2 billion from very sophisticated cyberattacks aimed at banks and crypto exchanges. More recently, in April of this year, the FBI said that the sanctioned North Korean hackers known as the Lazarus Group were responsible for the $620 million hack of play-to-earn crypto game Axie Infinity. It seems that North Korea has mainly targeted cryptocurrency platforms given that regulations are still mostly lacking, and new projects are launching all the time with code that is sometimes not audited or has not been tried and tested. According to Jenny Jun, a political science Ph.D. student at Columbia University, North Korea was using its cyber capabilities for “political and economic espionage”, and that it was carrying out coercive and intimidating tactics in order to ensure the “survival and continuation of the Kim family rule”. Jun stated: "Even before the [emergence] of cybercrime, North Korea maintained an extensive illicit network to generate foreign cash, which was controlled by the Kim family to placate a small circle of elites, engage in repression and also pursue expensive weapons programs such as missile and nuclear programs," The Biden administration is countering the North Korean threat in cyberspace, and is working closely with other actors in the region such as South Korea and Japan in order to respond to the threat. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocointelegraph
Axie Infinity looking to 'double-down' on Korean market: KBW
Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world.
4 days agocryptodaily
Hackers Return $22 Million To Nomad After $190 Million Exploit
Nomad has announced that it has recovered $22 million after it suffered a $190 million hack. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward. The amount recovered by Nomad is now over double the $9 million that ethical hackers returned to Nomad. Nomad saw more of the stolen funds return after the protocol announced a 10% bounty. A $200 Million Exploit Nomad suffered a serious hack on the 1st of August, as hackers exploited a vulnerability that made it possible to drain nearly all of the protocol’s funds, which totaled around $200 million. Hundreds of hackers, including white hat hackers who intend to return the funds to the protocol, orchestrated the attack. The attack once again brought into focus the security of cross-chain bridges. The team at Nomad confirmed the exploit, stating, “An investigation is ongoing, and leading firms for blockchain intelligence and forensics have been retained. We have notified law enforcement and are working around the clock to address the situation and provide timely updates. Our goal is to identify the accounts involved and to trace and recover the funds.” Source Of The Vulnerability The cross-chain bridge had a critical vulnerability that made its way into the public domain, attracting the attention of would-be hackers. Sources have stated that Nomad developers introduced the vulnerabilityduring a routine smart contract update. Following the exploit, the Nomad team announced that it would pay a 10% bounty reward to any hacker that returned the funds to a designated return address. The team also assured the hackers that no legal action would be taken against any hacker that returned the funds. On its part, Nomad is collaborating with law enforcement officials and agencies to investigate the hacking. It has also announced a partnership with an on-chain analytics firm, TRM Labs, to track the funds across all addresses involved in the attack. Spate Of Crypto Hackings Continue The Nomad exploit registered itself as the 8th-largest crypto hack of all time, as the wave of recent crypto exploits continues to rumble on. According to security firm Chain Analysis, the hack brings the amount stolen from cross-chain bridges to a staggering $2 billion. There were a total of 13 exploits related to cross-chain bridges, out of which the largest was the Ronin attack which saw $615 million stolen. Ronin is linked to the hugely popular game Axie Infinity. In another recent hack, $5.2 million worth of cryptocurrencies were stolen from around 8000 wallets connected to Solana. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days agocryptopotato
Axie Infinity CEO Denies Accusation of Insider Trading
The CEO blamed some media outlets for focusing only on speculations while ignoring the achievements reached by his firm months after the $620m Ronin hack.
12 days agocryptopotato
Axie Infinity CEO Reportedly Withdrew Funds Before Revealing Ronin Hack
Bloomberg said the CEO of Axie Infinity moved $3 million worth of AXS before revealing the massive hack against the platform.
12 days agocoindesk
Sky Mavis Denies Wrongdoing After YouTube Sleuth Links Unusual Transaction to Company’s CEO: Report
About $3 million worth of AXS tokens were moved from Sky Mavis CEO Trung Nguyen’s wallet on Axie’s Ronin blockchain to crypto exchange Binance hours before the announcement of an exploit.
15 days agocryptodaily
reNFT Announces New Funding Round to Accelerate Growth of GameFi in Web3
With its announcement today of a new strategic investment round, reNFT has positioning itself as the market leader in digital asset rentals in the global Web3 economy. This $5 million round co-led by Mechanism and gumi Cryptos Capital (gCC) will have an emphasis on investors who bring strategic value to reNFT as well as gaming guilds who represent millions of gamers globally. The funds will help reNFT to accelerate the pace of hiring, capture integrations across multiple blockchains, and extend their product suite. As co-founder, Nick Vale, states, “Since our founding last year we have been thrilled with how our vision is resonating with the marketplace. There is a huge need for automated, trustless, collateral-free renting of digital assets such as NFTs to unlock new levels of economic activity in the Web3 landscape”. The gaming use cases that reNFT is focused on are a priority because the gaming sector is leading the way in global adoption of NFTs which are not only collectible but include financial utilities. In recent months, the term “NFT” surpassed “cryptocurrency” in total global Google search volume as millions of people witnessed celebrities and athletes making high dollar purchases and sharing them publicly. With more mainstream platforms set to launch NFT marketplaces in 2022, there will be millions more users participating in the Web3 market over the coming quarters. Globally, the gaming market is one of largest markets in the world with 2 billion+ players and billions of revenue annually. New blockchain native gaming projects are launching daily and they all have a similar problem they have to solve: how do they enable the holders of their NFTs to generate revenue from their assets in a convenient and secure manner? reNFT is solving this problem with one of its product lines which provides Web3 gaming projects with a turnkey whitelabel solution to integrate renting, lending and gamefi automation into their own proprietary marketplaces or ecosystems. “Without a powerful rental primitive, NFTs are going to miss the mark when it comes to capital efficiency and ease-of-use”, stated Brian Fakhoury, Managing Partner of Mechanism Capital. “Rather than depending on custom built logic, any project incorporating NFTs as a capital asset and gateway to their application should tap into proven infrastructure like reNFT. We believe that this has powerful downstream effects like better liquidity, stronger game economies, and a lower barrier of entry for new crypto participants. Nick and team have been at the forefront of mechanism design in this regard, and we’re incredibly excited to back them as V2 rolls out to a growing set of users.” The impressive growth of web3 games such as Axie Infinity have been driven by, among other factors, the renting of in-game assets; however it’s being done almost entirely in a manual fashion via people serving in roles such as “scholarship managers”. By bringing reliable automation to what these scholarship managers do today, reNFT enables far more participation at a lower cost; reducing renting costs anywhere from 15-30% which means more of that revenue can go to the holders of the assets and the renters of them. This trend of combining proven financial blockchain technology with gaming use cases has coined the term “gamefi” in the Web3 movement and reNFT is moving with its partners to become the leader across all major blockchains and gamefi ecosystems. Their collateral-free renting and lending tools are already completed on the Ethereum and Avalanche blockchains with Polygon and Solana releasing soon. “We have already seen how fast the Web3 gaming market grows after bringing in renting and borrowing NFT asset mechanisms via guilds. However, guilds only opened a portion of the in-game NFT asset market as only the assets owned by guilds are available. Through reNFT, every single in-game NFT asset owner will be able to participate in this gamefi market, easily and directly, without collateral requirement or exposure to the risk of losing their assets. reNFT will unlock the full potential of the gamefi market aggressively.“ Rui Zhang, Managing Partner of gCC, said. Following its $1.5 million round of investment last year, reNFT launched a v2 of its platform which will provide the foundation for all upcoming rental integrations. They provided a sneak peak to the new platform in a Twitter Post and dove deep in the Launch Article. “Our team will continue to grow and expand as it has been doing”, shared co-founder Nazariy Vavryk. “This round will help us hire even more aggressively and add more people to an already very strong team. It will help us strategically deploy our human resource across a number of anticipated upcoming gaming and financial NFT related use-cases. We are very excited about what is in store for NFTs and we are here to build products for years to come” While gaming is the top priority of reNFT right now, it’s vision for the future is much broader. It sees a world where any digital asset in Web3 with a rental use case will need a solution for trustless collateral-free lending. This includes any asset in the digital or physical realm so long as it is represented on the blockchain and this will include a wide range of assets such as intellectual property rights and physical real estate. In addition to co-lead investors, Mechanism and gCC, this $5 million round also saw key participation from strategic investors such as Gemini, The Sandbox, OpenSea, Sfermion, Morningstar Ventures, EveryRealm, OP Crypto, Fourth Revolution Capital, Metastreet and others. The Web3 space has seen a dramatic increase in investments over the last year as it has continued its march into mainstream financial and consumer trends. Given all the interest that is has received, reNFT’s momentum is set to continue building throughout this year and into a bright future. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS
If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength.
17 days agocointelegraph
Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?
Axie's monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million.
20 days agocryptodaily
APENFT Marketplace Announces its Launchpad with First IGO Project Bunny Planet
Singapore, Singapore, 21st July, 2022, ChainwireAPENFT Marketplace has announced the official release of its Launchpad with the first Initial Game Offering (IGO) for Bunny Planet, winner of the APENFT and TRON GameFi Hackathon. The APENFT Marketplace's Launchpad is designed to take the platform to the next level, spurring adoption and growth. Bunny Planet, the APENFT GameFi Hackathon winner, will be the first project to conduct an IGO once the Launchpad goes live. This month, the game will begin its first open beta stage after the genesis Bunny NFT sale exclusively on the APENFT Marketplace. The launchpad is widely recognized as an indicator of a platform's capabilities, it also demonstrates the liveliness of the cryptocurrency market. A launchpad represents a chance for high-quality project incubation and rewards for early investors and content creators. Investors enjoy a more engaging and entertaining experience, thanks to mystery boxes defined below. The introduction of the Launchpad platform enhances the APENFT Marketplace's fundraising capabilities, allowing it to create a more diversified NFT trading marketplace including a decentralized platform for investors, project owners, creators, and collectors. Since the Mainnet debut on April 15, APENFT Marketplace has committed to providing a better NFT trading experience. The Developer Sprint and the TRON101 Project offer $2 million and $90 million in prizes respectively to encourage more developers to the APENFT Marketplace. After the Mainnet launch, the platform maintains its zero-handling fee policy and will offer NFT airdrops in the TRON ecosystem as a way of giving back to users for their confidence in and support for APENFT. Launched on the TRON network, Bunny Planet is a blockchain-based game inspired by CryptoKitties and Axie Infinity. The collectible characters are called T.Bunnies and can be utilized in Player vs. Environment (PVE) / Player vs. Player (PVP) fights. Players can breed and collect T.Bunnies in the Bunny Planet, team up in PVP/PVE battles, and use their lineup strategies to compete with other players. To utilize these strategies and compete, each player needs at least three, but no more than 12 T.Bunnies. The game also includes a Destiny mechanism where players may sacrifice bunnies in order to acquire unique resources in order to improve their teams. Players can also receive resources by winning fights or seasonal tournaments. This is all through the Play-to-Earn (P2E) model. These resources may be used to cultivate and improve your T.Bunny team, as well as create your own territory on the Bunny Planet. Bunny Planet is currently in the first stage of its development, which entails alpha testing. After its IGO, it will begin beta testing. During the beta test phase, it will run an open tournament with large prizes. Mystery Box The rarity of the T.Bunny is determined by its high-test gene rarity. There are four different rarities for a gene: C, R, SR, and SSR. For example, if a T.Bunny has 11 C genes and 1 SSR gene, then its rarity is SSR, while a T.Bunny with 11 SR genes and 1 R gene is an SR rarity T.Bunny. All T.Bunnies in the mystery boxes are SSR level during the genesis sale, with a minimum of one to a maximum of six SSR genes. The more rare genes a T.Bunny has, the stronger that T.Bunny will be. Project Highlights One of the most innovative highlights of Bunny Planet is its breeding system. There are a total of four T.Bunny classes: warriors, knights, mages, and priests.Their classes are determined by their roles in combat. Each T.Bunny has a total of 12 partial characteristic components, and the partial characteristic of each T.Bunny consists of one dominant gene and three recessive genes. T.Bunny's classes with 12 genes of its components will be determined by its parents through a smart contract on TRON. Among the 12 genes of the T.Bunny components, four genes have special skills while the rest eight genes have passive attributes. Thus, there are a total of 60 different skills and 120 passive attributes; with unlimited strategies players can try to form their T.Bunny squad and win rewards against others. Players can win P2P-based resource rewards by winning battles and season tournaments. These resources can be used to breed, train and evolve your T.Bunny squad and build up your own squad to conquer the Bunny Planet. To learn more about the APENFT Marketplace's Launchpad feature and projects, please visit APENFT Marketplace’s website. About APENFT Marketplace Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world's largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world's first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse. APENFT Marketplace | Twitter | Telegram | Discord ContactsMiles [email protected]
22 days agocryptodaily
Blockchain Gaming & The State of The Market
As the cryptocurrency market falls deeper into another familiar winter, one game built on the blockchain continues to assert its prowess in the future of the gaming industry. Splinterlands, the fantasy-based collectible card game now [the leading worldwide Web 3.0 dapp], is preeminent among these. It was “born in a bear market,” as major player, investor, and community streamer Neal McSpadden says, and continues to grow through another one. In 2018, as the market suffered a similar crash and financial devastation was wrecking many previously promising Web 3.0 projects (and the wallets of their enthusiasts), the game–conceived and brought to life by lifelong gaming lovers Jesse “Aggroed” Reich, the company’s CEO, and Matt Rosen–caught the attention of a strong niche of users on the Hive (HIVE) blockchain. Through the drama of ups and downs native to the crypto market, Splinterlands has thrived since its beginning, rapidly acquiring within four years millions of registered users and active players regularly hitting the 500,000 person threshold. In March, it blew past the substantive milestone of 2 billion plays, and continues to onboard hundreds of new users daily, even while the market bleeds red. The current bear market began its descent in early November of 2021, and since then has seen a 70%+ decline across all projects. Many companies and coins have completely collapsed or are on the brink of devastation for their investors and users. Blockchain gaming has also been severely scathed by market destruction, with Axie Infinity, the well-known NFT pet-collecting battle game, dropping more than 90% from its peak value, causing many to wonder if Web 3.0 games can keep their place as the future of the gaming industry. Splinterlands, along with games like Axie Infinity and Gala, have paved the way for the blockchain gaming industry over the last cryptocurrency development cycle. Even before the re-explosion of the more recent 2021 cryptocurrency market–which always draws in a new batch of curious players and investors–these companies were seeing growing interest around their games and thriving communities. Yet early in the adoption phase of Web 3.0, many around the world are still unaware of the unique aspects of blockchain gaming and play-to-earn, thinking only of the financial aspect so much a focus of the blockchain space. But blockchain technology has far more to offer than economic relevance. When it comes to blockchain gaming, its possibilities are extraordinarily player-enhancing, offering an extended utility to purchased in-game items and pieces that carry over value into both the real world and, as the industry grows, into other games. Many of these items currently exist in some form in the mainstream gaming world, including some primitive forms of robust in-game quasi-economies, but the blockchain offers innovative and compelling ways to more deeply incorporate these complex layers into player experience. For example, Web 3.0 collectibles can now take on a life of their own beyond iterations of the games, and have the capacity to become valuable outside of the games themselves. Axie Infinity largely brought these capacities into the public awareness. The game is known perhaps best by the tremendous humanitarian effects the game had (link to video) for its low GNI country users, especially in the Philippines. Many of these players were able, via blockchain-exclusive play-to-earn (P2E) mechanics, to pay their bills through the ravages of the worldwide economic shutdowns of 2020-2021. The game led the way in bringing blockchain gaming to the awareness of players both in and outside of the blockchain space, spurring interest even among many mainstream gamers around the world. Gala Games, another Web 3.0 company which has a variety of games built on the Ethereum blockchain, is still in its infancy, but has also successfully stretched the boundaries of gaming via the merits of blockchain technology. But the cryptocurrency downturn of the last few months has caused even such strong projects to suffer in the bear market. Axie Infinity in particular has been hit hard, especially alongside the Ronin Network hack that saw the game’s economy robbed of US$620 million in cryptocurrency. The blockchain gaming space at its current infant stage–like much of the Web 3.0 world–is not a place for those without a strong stomach. It maintains an undeniably promising future due to the exciting innovations it offers the industry, but early technological development is always a volatile process. In spite of these struggles, however, Splinterlands is seeing continued growth throughout this time of testing. With the blockchain space something of a wild west, there are a number of factors that play into which projects succeed and which collapse. But Splinterlands continues to thrive perhaps due to its combination of diligent laser-focus on community and frank communication via its Discord channel (good to link or no?), its low cost for new users, strong security interface, and committed investment in its nearly round-the-clock “edutainment” streaming channel, SplinterlandsTV, on Twitch, an Amazon (AMZN) video streaming service subset. But none of this would matter without a great game, which has been the Splinterlands focus since takeoff. “Knowing the challenges and volatility of the blockchain space, at Splinterlands we have always been hyper-focused on creating a great game that any gamer would love to play, separate from the play-to-earn tokenomics system,” said Jesse “Aggroed” Reich, Splinterlands Co-Founder and CEO. “We have always been committed to the best graphics, soundtrack, and top tier coding for incredible gameplay, and this is why I think we’ve seen growth through both bear markets, including now–we’re still seeing hundreds of new users daily.” “We know the merits of play-to-earn and are excited to be at this frontier of the inevitable future of gaming,” he continued. “But we will always, always put passion for the game itself first. Without a great game, none of the rest matters.” Many projects, as well as those which abuse the confusion of a new market, will prove weak for one reason or another during a bear market. Many in the blockchain space are aware of the way that earning mechanics can skew player motivations, leading to unsustainable drawbacks as the market contracts. For Splinterlands, the game’s intrinsic draw has therefore always been self-consciously paramount, with the Web 3.0 economic elements lending to enhanced gameplay rather than serving as the substrate for motivation. In Splinterlands, the in-game economy is set up to serve the experience and passion of gamers, offering an enriched way of trading and accomplishing level success, which all loops back into an enriched community. If companies don’t walk this line carefully, even if the game has strong fundamentals, the result can be devastating. Technology rushes are historically brutal, and Web 3.0 is no exception. As in the Dot Com Bubble circa 2000, which saw nearly every new Web 2.0 project fail, blockchain technology and its merits will be tested by its strongest projects and applications, not by those which for various reasons collapse under the struggles of new digital frontiers. Many people forget that Amazon suffered massive losses–not once, but multiple times–before becoming the transformative, dominant worldwide service known by all. Other companies that seemed clear winners have now been long forgotten. But Web 2.0 technology itself, although it left many of its earliest and most enthusiastic adopters in the dust, transformed everything from work to travel to commerce to communication, in ways such that worldwide history will long be distinguished between pre- and post- Web 2.0. While the Web 3.0 world suffers current losses and play-to-earn gaming is swept into that trend for the time being, blockchain gaming, like other groundbreaking technology before it, still has a bright future. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
24 days agocointelegraph
Axie Infinity: Re-engineering its destiny in the GameFi landscape
Can Axie Infinity rise to its former glory, as a form of “extreme entrepreneurship” where success can happen overnight, amid the crypto winter and uncertain global economy?
29 days agocryptodaily
The UAE Continues To Become The World’s Crypto Hub As Billium Announces New Copy Trading Service
As the crypto and blockchain industry continues to develop, many would agree that the United Arab Emirates has become a hub of sorts for all things pertaining to cryptocurrencies. After all, Dubai hosted this year’s World Blockchain Summitand even Binance CEO Changpeng Zhao recently movedto Dubai a few weeks ago. With that in mind, there are all sorts of crypto-oriented projects, businesses and platforms in the UAE, but if there is one exchange that everyone should be keeping an eye on going forward, it’s Billium. What is Billium? In a nutshell, Billiummay best be described as a crypto platform based in Dubai, UAE. As a cryptocurrency exchange, Billium offers trading capabilities for top cryptocurrencies like Bitcoin, Ethereum, Tether, and more. Most recently, Billium has announced a brand new Copy Tradingfunctionality. Through it, novice traders will no longer have to worry about their lack of expertise or knowledge when it comes to the crypto industry as they can simply ‘copy’ the trading activities of more advanced traders and reap the same rewards. This is particularly useful for those traders who may not have the time or patience to sit down and learn the ropes of crypto trading but still want to be involved with this rapidly rising digital space. For their part, the advanced traders will receive compensation for their efforts which means that everyone, regardless of their personal experience or background, will be able to benefit from this. But is Billium safe to use? Safety is widely considered to be the top priority for any viable crypto exchange as unfortunately, this industry does have a dark side to it which is that hacks and other kinds of explorations have become increasingly commonplace. It wasn’t that long ago that a popular metaverse-based P2E game, Axie Infinity, suffered a massive lossamounting to $600 million after a recent exploit. Billium has therefore ensured that its customers will always be kept safe thanks to the exchange being fully regulated and because the platform has enabled 2FA via Telegram. There is also a unique code given to the traders which cannot be traced by anyone. Moreover, apart from the high level of privacy provided to the traders, all funds which are flagged through the exchange's complex algorithms as well as any and all other external sources shall never be frozen on the platform; instead, they will be refunded to the sender. Billium has a liquidity aggregator and a very high liquid order book because it receives liquidity from top crypto exchanges across the globe, which eliminates the possibility of slippages. The exchange's scalping and trading strategies are also top-notch and the order execution is regarded to be quite dependable as well along with the advanced API provided for trading robots. Furthermore, Billium's intricate and user-friendly interface and design increases profitability by enabling customers to gain up to 5x the leverage through the platform. What is Billium’s overall vision? Ultimately, Billium aspires to be considered among the top crypto exchanges in the world. Therefore, one of the platform’s main goals for the near future is to reach 100K users in the main regions of Turkey and Russia, in addition to launching the exchange’s native token and obtaining a license in Europe. Once the work is done in the UAE, Billium will then branch out to extend its influence to numerous other areas around the world, and in doing so eventually become a globally-renowned crypto trading platform with innovative copy trading capabilities. Follow Billium’s Twitterand Facebookchannels for regular updates. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days agocointelegraph
Volumes surge 205% in Axie revival as co-founder claims project is 'healing'
Interest in Axie Infinity appears to be picking up again following the launch of its new NFT land staking feature and ongoing upgrades to the Origin battle game mode.
34 days agocointelegraph
P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons
AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts.
41 day agocryptodaily
Cryptos That You Should Add to Your Portfolio Xchange Monster (MXCH) and Ripple (XRP)
The way the world once operated is not how things are operating now, with technology evolving in ways we never would’ve imagined. Since 2008 when Bitcoin made a name for itself and shed light on the cryptocurrency market, it is now estimated that corporations and institutions will spend approximately 20 billion dollars on blockchain services by 2024. During the Covid-19 pandemic, the crypto community experienced a bull run. One community that benefited a lot from the pandemic was the GameFi Sector, as people were forced to stay indoors gamers were making money whilst doing what they loved. In 2020 we saw the emergence of Axie Infinity which was deemed to be revolutionary for gamers as the incentives were enticing. Blockchain gaming allowed players to monetize while also receiving lucrative rewards for their participation. One gaming crypto that is on the rise is Xchange Monster (MXCH), let's take a look at them and Ripple XRP to see what they have to offer. Xchange Monster (MXCH) Trade and Exchange Anywhere and Anytime Xchange Monster (MXCH) is a trusted and well-protectedcrypto platform that is pertinent for the growth and evolution of the blockchain gaming market. As a progressive organisation, Xchange Monster is meticulously designed with a strong sense of understanding of the importance of regulation in blockchain technology. Xchange Monster (MXCH) is a practical crypto platform that brings together both the crypto gaming community and gaming publishers through the creation of a value-driven ecosystem. Xchange Monster will make it a priority to strengthen the liaison between gamers and operators for a renovated gaming experience. The Xchange Monster native token, MXCH, will be available for sale on the main exchange platform. Xchange Monsters users can store these tokens and cryptocurrencies in their Monster Wallet which will be accessible in the Monster App. Is Ripple (XRP) One of the Best Exchange Platforms in Crypto Ripple is a decentralised network that expedites Peer-to-Peer (P2P) transactions in an extremely efficient and rapid manner. The XRP ledger can execute transactions of around 15k per second, it is scalable to a global level as its transaction fees are less than a penny. XRP is the native token of Ripple, with its main function being a medium of exchange. The token will be used as a pool of liquidity, allowing users to transact from one currency to another without the need for a central authority. For example, if a business or a bank needs to send money to a financial institution in another country, the bank would have to make a wire transfer and convert their money to another currency to pay the recipient in their respective currency. This probably sounds normal as things have been this way for years but this process takes many days to complete and it is quite costly due to the amount of movement needed to make the transaction happen. Final Thoughts The play-to-earn structure within the GameFi sector is attracting a lot of gamers, as it provides them with a means of making money and gaining rewards. The future is looking bright for the blockchain gaming industry, with experts estimating it to grow to $50 billion by 2025. Xchange Monster (MXCH) are building up a name for themselves in the gaming industry and also have notable features that not a lot of gaming cryptos have; it will be interesting to see the growth of Xchange Monster over the upcoming months as they plan to launch in the fourth quarter of the year. Xchange Monster Links: Presale: https://xchangemonster.boostx.finance/register Website: https://xchangemonster.com/ Discord: https://discord.gg/M5hu5HwbeJ Telegram: https://t.me/xchangemonsterofficial Twitter: https://twitter.com/Xchange_Monster Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
42 days agocointelegraph
Battle-hardened Ronin bridge to Axie reopens following $600M hack
The Ronin bridge tied to Axie Infinity is back up with a new design after Sky Mavis introduced a circuit breaker system and daily withdrawal limits.
43 days agocoindesk
Axie Infinity Restarts Ronin Bridge Months After $625M Exploit
The bridge has undergone an internal audit and two external audits, developers said.
47 days agocointelegraph
Axie Infinity to compensate Ronin exploit victims and relaunch bridge
Once the bridge reopens on Tuesday, users will be able to withdraw one ETH for each one they possessed before the attack.
47 days agocryptodaily
Hackers Steal $100M In Harmony Horizon Bridge Exploit
Harmony’s cross-chain protocol, the Horizon Bridge, has been hacked, leading to a loss of funds of around $100 million. Stolen Altcoins Swapped For ETH Earlier today, the Horizon Bridge, which facilitates token transfers between Harmony and the Ethereum network, Binance Chain and Bitcoin, was targeted by hackers. They conducted a series of eleven transactions that siphoned off various altcoins. The tokens were then sent to a different wallet, from which they were swapped for Ether (ETH) on the Uniswap decentralized exchange (DEX). Around $100 million worth of funds were stolen through altcoins like Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC), and USD Coin (USDC). The news broke when the Harmony team tweeted about it this morning, “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” Team Discloses Initial Info According to the statements from the Harmoney team, the hack will not affect the trustless BTC bridge and the funds and assets stored in the decentralized vaults. The team has also identified the wallet, which was responsible for swapping the stolen tokens for ETH, and has disclosed the address on Twitter. They also announced that necessary actions have been taken to prevent further transactions by notifying exchanges and pausing the Horizon bridge. Finally, the team also announced that it is closely working with national authorities and forensic specialists to identify the culprits behind the hack and will soon disclose a post-mortem report. Multisig Concerns Valid The community had previously raised concerns about the stability of the bridge’s multisig wallet on Ethereum. Reportedly only two of the four multisigs secured the bridge, indicating that two signees were enough to move funds away. An industry expert had even pointed this out on Twitter back in April, saying that the low number of required signers leaves the bridge vulnerable to a significant hack. The fact that the bridge was actually exploited only vindicates these concerns that were raised months ago. Multisigs have been posing serious security threats. For example, Axie Infinity’s Ronin Bridge was hacked when hackers took control of the required five out of the nine validators and stole over $600 million in assets. Another cross-chain protocol, Wormhole, was also attacked when the hackers exploited a vulnerability in the bridge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
47 days agocoindesk
Axie Infinity Developer Sky Mavis to Reimburse Victims of Ronin Bridge Hack
Sky Mavis, the developer of play-to-earn game Axie-Infinity, will reimburse victims of the $620 million Ronin bridge hack.
47 days agocoindesk
First Mover Americas: AXS up 15% on Ronin Network News, BTC at $21K
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 24, 2022.
47 days agocryptodaily
From Esports to GameFi: How Gaming is Evolving at a Rapid Pace
In 2020, blockchain gaming took the world by storm, revolutionising the gaming world. When most of the world was on lockdown and forced to work remotely, Axie Infinity exploded into the gaming scene, creating an unprecedented opportunity for players to monetize their gameplay. Blockchain gaming has evolved the way players engage with publisher content via in-game economic ecosystems. Instead of playing blockchain games purely for entertainment value, blockchain gamers now have the opportunity to generate supplemental incomethrough their gameplay. As we already know, blockchain gaming is revolutionising the gaming industry, but esports has paved a way for groundbreaking technology to take place. The Emergence of Esports Esports has its origins back in 1972 when a Space Invaders Championship had a sizeable 10,000 participants. Fast forward to 1998, and the legendary Starcraft 2 tournament on PC had a mind-blowing 50 million online viewers, 17 million of those coming from Twitch. By the time the 2000s emerged, esports was gaining some serious momentum. Tournaments such as the World Cyber Games and the Electronic Sports World Cup had come to fruition, followed by the launch of Major League Gaming (MLG) in 2002, now considered one of the world’s most prominent hosts in esports today. By 2019, the esports market had already surpassed $1 billion, with nearly half of its revenue coming from sponsors like Mountain Dew, T-Mobile, Audi, and other big-name brands. The sector has seen remarkable growth due to the target audience of esports being able to access live streaming software readily. In fact, gamers from the age of 18-25 spend 77% more timewatching other people playing online than watching broadcast sports. The Blockchain Boom The blockchain and GameFi sectors have accelerated rapidly over the last few months. By levelling the playing field between players and publishers through financial rewards, blockchain gaming empowers players in extraordinary ways. Although still an emerging field, the sector doesn’t show any signs of slowing down. In 2022, the funding market has shown to be quite effective, with capital flowing into the GameFi industry at an unprecedented rate. An analysis from Crypto Slate found that theoverall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game projects being a top priority for capital and the industry rapidly accelerating. The blockchain and GameFi sectors don’t seem like they’re in a bubble, either, with data from Q1 indicating that the sector has been competitive compared to the greater crypto industry. The market cap of gaming projects has been stable, token liquidity increased, and VCs have continued to show interest in new projects. The widespread adoption of GameFi seems to be on its way to becoming a reality. As more entertaining blockchain games are released, the population within the space will only continue to grow, creating even more opportunities for gamers, creators, and esports players to pursue their passions. The Future: Gaming Guilds As the blockchain gaming community matures, the emergence of gaming guilds is crucial in order to collaborate to determine best practices and fuel growth. This global collaboration will encourage an empowered community and create a unique market dynamic that values the growth of new gaming guilds. Establishing a gaming guild that merges the unique ownership capabilities found in blockchain gaming with the operational insight of a traditional esports business model will provide unparalleled opportunities to redefine the traditional publisher/player relationship and ensure gamers benefit from the virtual worlds and communities. A newcomer to the blockchain gaming space, Method MetaGuild(MMG), is taking advantage of this exciting new sector by uniting blockchain gamers worldwide through its gaming guild. The platform merges blockchain gaming with esports, unlocking unparalleled opportunities to redefine the traditional publisher/player roles. MMG Scholarship Opportunity MMG has become one of the fastest-growing guilds in the world so those who receive the scholarshipwill be granted the opportunity to earn a higher token/earning split by completing various quests and levelling up within the guild.Scholars will also be encouraged to become involved in MMG’s esports, entertainment, and education initiatives. High performers can join esports teams, while content creators can become part of its Creator Program. To find out more about Method MetaGuild, visit their platforms: Twitter| Discord| Website| Instagram| Twitch| TikTok| Facebook| Medium Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
60 days agocointelegraph
Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead.

About Axie Infinity

The live price of Axie Infinity (AXS) today is 18.308 USD, and with the current circulating supply of Axie Infinity at 82,594,082.30 AXS, its market capitalization stands at 1,512,131,903 USD. In the last 24 hours AXS price has moved -1.0164 USD or -0.05% while 35,746,044 USD worth of AXS has been traded on various exchanges. The current valuation of AXS puts it at #47 in cryptocurrency rankings based on market capitalization.

Learn more about the Axie Infinity blockchain network and how it works or follow the price of its native cryptocurrency AXS and the broader market with our unique COIN360 cryptocurrency heatmap.

Developed in 2018 by Sky Mavis, a Vietnamese video game development company, Axie Infinity features amongst the most popular blockchain-based play-to-earn (P2E) online video games. Created on the Ethereum blockchain, it is inspired by popular gaming titles like Tamagotchi and Pokemon. Players collect, breed, manage, battle as well as trade NFT-based creatures called Axies. The game’s ecosystem is based on two ERC-20 tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), both of which currently exist on the Ronin side-chain.

While the global gaming market has an extensive variety of NFT-based video games today, only a few have achieved the kind of staggering success that Axie Infinity has. It features over 2.5 million daily players and billions worth of gaming assets traded on its native marketplace.

Furthermore, with over 500 million in total value locked (TVL) in its smart contract, playing Axie Infinity has become the primary source of income for players in many developing countries.

AXS price

Although the Axie Infinity game was created in 2018, the AXS coin was launched in October 2020 through a public token sale, with AXS price set at $0.10 per unit. A total of 29.7 million AXS were sold out of a maximum supply of 270 million, raising close to $3 million for the project. 

Buoyed up by the wider crypto market bull run and the Ronin sidechain launch in February 2021, AXS price rallied to breach $10 in April 2021. However, it soon retraced to a low of $1.8 by May 19, 2021. AXS price stayed below $5 for the next two months and registered another remarkable rally starting July 2021, which culminated in its all-time high of about $166 on Nov. 6, 2021. AXS’s fully diluted valuation reached almost $45 billion at that point.

AXS coin has been in a corrective phase since its November 2021 high. According to our AXS live price chart, AXS price closed 2021 at under $100 and dipped further below $50 in Q1, 2022. That said, with ongoing ecosystem developments and the continuously growing interest in the P2E games, AXS’s next price surge may be just around the corner. 

How AXS works

While Axie Infinity is deployed on the Ethereum blockchain, Sky Mavis launched its own sidechain called Ronin, in February 2021, to avoid congestion issues on Ethereum, and to offer a seamless and cost-effective transaction experience to its players.

Ronin uses a Proof-of-Authority (PoA) consensus mechanism to secure its network and to process transactions occurring in the Axie Infinity ecosystem. It is a reputation-based consensus mechanism that facilitates quicker transactions owing to its limited number of validators, and hence features a largely centralized model. Unlike Proof-of-Stake systems, wherein validators are required to stake a certain quantity of tokens, in Proof-of-Authority, they stake their reputation, and are handpicked based on their credibility, in this case by the Axie Infinity team. Some of these validators are well-known brands like Ubisoft, Binance, Delphi Digital, Animoca Brands, Stable Node and Nansen.

AXS is the main governance token of the Axie Infinity network. It is also actively used for incentivizing players, buying in-game NFT assets, paying fees for breeding Axies and staking purposes. In addition, holding AXS makes players eligible to participate in certain auctions, sales and events held by the Axie Inifinity team.

AXS news, updates and highlights

AXS price action is largely governed by multiple forces, including ecosystem advancements, market-wide sentiment, regulatory developments and security breaches.

In 2021, Axie Infinity network underwent multiple improvements like the launch of Ronin sidechain, subsequent migration of native assets to Ronin, AXS staking launch and the November launch of Katana, a decentralized exchange for Ronin. In other noteworthy AXS news, in November 2021, a plot of land in the Axie Infinity metaverse sold for a whopping 550 ETH (worth $2.5 million at that time).

A few months down the line, in late March 2022, Axie Infinity’s Ronin blockchain suffered a major exploit, dubbed as the largest in the history of DeFi, leading to a loss of $625 million worth of players’ funds. However, helped by Binance and its own balance sheet, Sky Mavis has proven its commitment to reimburse all the affected users.

Frequently asked questions about AXS

  • Is it possible to mine or stake AXS?

No, you cannot mine AXS. However, it’s possible to stake your AXS tokens to earn staking rewards.

  • Which are the best AXS wallets available in the market?

The Axie Infinity team encourages using the native Ronin wallet available in both desktop and mobile versions, to store your AXS coins, SLPs, as well as in-game NFT assets. You can also use any other crypto wallet compatible with the ERC-20 tokens, such as Atomic Wallet. Trust Wallet, Trezor and Ledger Wallets.

  • What can I do with my AXS coins?

You can use your AXS coins to earn staking rewards, participate in Axie Infinity’s governance, buy in-game assets, breed your Axies and also participate in special sales/auctions held from time to time, by the Axie Infinity team.

  • What’s the best way to buy AXS coins?

The ideal way to buy AXS is through established crypto exchanges like OKX, Binance, Coinbase, Huobi Global and others. You can also use the Ronin network’s native DEX Katana, for AXS purchases.

Axie Infinity Price18.308 USD
Market Rank#47
Market Cap1,512,131,903 USD
24h Volume38,356,427 USD
Circulating Supply82,594,082.30 AXS
Max Supply270,000,000 AXS
Yesterday's Market Cap1,455,448,200 USD
Yesterday's Open / Close18.6381 USD / 17.6217 USD
Yesterday's High / Low18.7062 USD / 17.3515 USD
Yesterday's Change
-0.05% ( 1.0164 USD )
Yesterday's Volume35,746,044 USD
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