Axie Infinity Announces Controversial New Update, AXS and SLP Down 7%

Axie Infinity is getting a few changes. The new update has sparked heated debates on social media and divided the community into two camps: supporters and critics.

In one post In a recent blog, the developers of Axie Infinity, the most popular NFT game in the crypto ecosystem, are pleased to reveal that Battle Monsters are the most traded NFT collection of all time, and thank the players for this achievement.

30-day NFT volume | Source: Axie Infinity

Now, just 2 weeks after this post, Team Axie Infinity announced Update 1.1.0a introduced many changes to game features. However, many people expressed dissatisfaction with this part.

The controversial 1.1.0a update

The update comprises 3 main aspects.

The first is to change traditional technology. Basically, the Axie Infinity team made changes to the Ronin Block Explorer along with some bug fixes. Recently Jeff Zirlin, Head of Development at Axie Infinity Disclosure The team is working on a decentralized exchange tool to facilitate token exchanges in the Axie Infinity ecosystem.

The second is the game’s feature changes. The new update will allow players to invite their friends to battle.

Finally, change the token economy in the game. Recently, players and traders were allowed to use AXS, the game’s governance token.

This update brings even more changes on the economic side. If a player sells an Axie after the update, the monster’s level will be automatically reset to 1 daily quests.

https://twitter.com/AxieInfinity/status/1448888770623803392?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

This decision affects new and low-ranking players, as well as those who focus on Adventure mode and skip battles.

The reactions were mixed, but the majority were clearly angry. While some see these changes as a blow to bots and SLP growers, a significant number of users complain that the developer has hurt new players – which is even more evident.More when the main Axie Infinity developer admits that it is very difficult to start playing the game today.

AXS and SLP prices are responsive to the news and drop by more than 7%

Overall, AXS appears to have responded relatively well (although the price fell shortly after the announcement). The governance token has stayed above the 20th EMA since Sept. 28, showing bullish momentum across all markets.

The last daily candle closed with a loss of 7.88%, which almost completely wiped out the gains of October 14th. AXS is currently trading at $ 124.

AXS 1 Day Price Chart | Source: Tradingview

However, SLP has a completely different story. Players earn SLP for winning games or completing daily quests.

The SLP price is in free fall and has been below the EMA of 20 since July 28th. The October 4th rally lifted the price above this benchmark and stayed very close to it for the past week.

SLP is currently trading at $ 0.073, down 7.55% from the previous daily bar.

1 Day SLP Price Chart | Source: Tradingview

While it’s too early to draw any conclusions, the people who made the decision to change the game seem more excited about this new update than the players themselves.

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