Axie Infinity Developer Sky Mavis To Stake Over 11 Million AXS

Sky Mavis, the developer of Axie Infinity, stated that the company will stake the 11,475,000 AXS tokens on its balance sheet to reinforce its long-term commitment to the Axie Infinity ecosystem.

Per the original AXS vesting plan, Sky Mavis, Ltd. has been receiving scheduled allocations of AXS.

The remaining 11,475,000 AXS has been held by the organization since they were acquired, and none have been sold on the open market.

Staking this AXS represents Sky Mavis’s strong alignment with a new type of social contract, one where players and developers work and build together through aligned incentives.

Sky Mavis is the creator of the play-to-earn game Axie Infinity, which had a spectacular surge in popularity in 2021 before plummeting in the new year owing to the diminishing value of in-game token awards.

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