According to the latest announcement from Axie Infinity, game players can now start locking Land NFTs in the game to receive AXS tokens.
Land is originally NFTs of land for Axie’s future plan, called Project K. Accordingly, players will own their own plots of land, conduct livestock/farming on it, and then go to battle with enemies. together. Project K is expected to turn Axie Infinity into a true metaverse game.
In the meantime, Axie Infinity will provide players with a way of passive income from staking Land.
To staking, users only need to visit Ronin’s staking page, connect a wallet, and select the plots of land to lock. Players will then be able to see how much AXS they can claim each day.
Axie Infinity says the daily reward for staking Land will be 11,194.62 AXS, divided equally by the amount of land-based on rarity. This is the second in-game asset that can be staked, besides the AXS token from October 2021.
Since the removal of the SLP bonus, Axie Infinity has plummeted without brakes, reflected in the amount of money the project generates from users’ gaming activities. The launch of a new version called Axie Infinity: Origin is also not attractive enough to keep players. Currently, Axie Infinity is promoting the Builder Program, a franchise so other developers can create derivative games using Axie images.
The project also encountered a big problem when at the end of March 2022, the Ronin bridge was attacked by hackers and wiped out more than $622 million in cryptocurrency. This is the most damaging attack in the crypto industry. The new Ronin bridge was reopened on June 28, the project claimed to have compensated all users, minus the damage of Axie DAO.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
This website uses cookies.