Crypto Mania Exchanges NFT Nonsense

Axie Infinity Rises 15% Amid Sky Mavis and Act Games Partnership

  • Sky Mavis is the developer of the blockchain-based Axie Infinity.
  • Sky Mavis partners with Act Games
  • The partnership brings Japanese Web2 games to the Ronin Blockchain.
  • The partnership also increased the price of AXS by 15%. 

AXS, the native cryptocurrency of the popular blockchain-based game Axie Infinity, had a 15% price increase today, which is strongly related to the recent news of a strategic alliance between Sky Mavis and Act Games.

The collaboration seeks to incorporate a number of well-known Japanese video game titles into the Ronin blockchain, offering blockchain gaming aficionados with an intriguing new route.

Collaboration Between Axie Infinity’s Developer and Act Games 

Sky Mavis, the producer of Axie Infinity, recently announced a groundbreaking collaboration with the Korean gaming firm Act Games. The collaboration represents an important step forward in the integration of Japanese game titles onto the Ronin blockchain.

The highly anticipated ‘Zoids Wild Arena,’ inspired by Tomy’s famed anime series that originally captured audiences back in 1983 with its recognizable plastic model figurines, is one of the first games to make its debut on this platform.

The collaboration also intends to combine Sky Mavis’ deep knowledge of web3 and NFT gaming with Act Games’ expertise in expanding popular intellectual properties (IPs) to provide an immersive and engaging gaming experience for players of all ages.

Initial incentives, such as unique Zoids NFTs and token drops, have been offered to incentivize user migration to the Ronin blockchain.

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Axie Infinity’s AXS Token has Seen Significant Growth

The recent 15% increase in the price of the AXS token demonstrates the excitement and confidence in the partnership’s ability to alter the blockchain gaming scene.

Axie experienced a growth of 15%
Axie experienced a growth of 15% | source: Axie Infinity

 

The Ronin blockchain has emerged as a prominent participant in the NFT arena, ranking just behind Ethereum in terms of NFT sales transactions, with Axie Infinity boasting astounding numbers such as $4.2 billion in NFT sales volume and millions of daily active users.

Sky Mavis’ prior successful investment rounds, which were supported by renowned investors including Andreessen Horowitz and Binance, demonstrate the industry’s faith in its vision and products.

Disclaimer. The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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