Axie’s 2024: The Resurgence of Exercise

Key points:

• Axie by the numbers | Axie has been firing on all cylinders this year, having resurfaced from the broader crypto bear market. In this update, we let the data speak for itself. From the Bounty Board to Coinbase’s Learn and Earn campaign to Part Evolution, the launch has re-engaged players and set a new industry standard. Axie metrics are looking healthy.

• Axie Games and Products | Over the past six months, Axie Infinity: Origins It has grown with new features like Part Evolution and Competitive Seasons with AXS Prize Pools. Exi Classic It’s back with new features, competitive circuits, and improved user engagement. hometown We are constantly evolving based on player feedback, and are also introducing major updates and events, such as Avatar Mode. App.Exy New features like Part Evolution and Bounty Board have resulted in an explosion of new activity. There has been an overall increase in engagement, revenue, and player activity.

• Governance | We have released an early version of our governance system, introducing the Axie Governance Portal and Axie Score. We have passed our first AIP, a proposal to upgrade the Axie and Land smart contracts to make delegation of these assets more secure and easier.

The last bear market was long and many people questioned the future of our industry. However, this is thirdCrypto Winter, and we knew better. The preparations we made last year are starting to bear fruit in 2024, and we have continued to innovate with new features like Bounty Board and Part Evolution. The last 6 months have been a time of triumph. A time of triumph. After reading this update, you will understand why.

In 2024, we saw two major spikes in App.axie engagement. The spike in April was due to the launch of the Bounty Board. The spike in June was due to Coinbase’s Learn and Earn campaign. Let’s talk about these:

We launched Bounty Board on April 15th and it was immediately adopted by over 37,000 unique users. This number continued to grow as the summer began. Bounty Board is a daily reward-based Axie quest system that has reactivated old Axie players and brought new recruits to our movement. It also inspired the Play-to-Rice 🍚 meme as players used their AXS rewards to buy real, raw rice IRL!

In June, the Coinbase Learn and Earn campaign was launched. This was a joint effort between Sky Mavis and Coinbase to bring our movement closer together through educational quests on Coinbase. Coinbase users discovered Axie and Ronin, and Lunacians explored Coinbase. As a result, all the metrics skyrocketed. Axie DAA. Origins DAU. Classic MAU. App.axie transaction volume. Monthly Treasury revenue. Many of these players were newcomers to the digital nation and are now exploring the rest of our ecosystem.

294%. How much is it Moa The on-chain revenue generated by Axie has been compared to the following leading NFT collections: We are firmly holding the Guinness World Record for the highest trading volume of an NFT collectible game. This is also a healthy sign for our industry. Axie led in 2021 and we will lead again in 2024.

Here are some statistics for the first half of 2024:

Daily and monthly active users at the start of the Bounty Board in April and at the end of the Coinbase campaign in July.

Average daily and monthly trading volume and treasury revenue from mid-April to early July.

• Since the Bounty Board and Coinbase campaigns began, there has been a 691% increase in Monthly Active Accounts (MAA).

• Origins DAU grew 80%, MAU jumped 33%, Classic DAU skyrocketed 223%, and MAU grew 47%.

• The average daily trading volume has increased by 143% and the monthly trading volume has increased by 47%, which shows the increased economic activity within the ecosystem.

Average daily financial income soared by 195%, and monthly financial income increased by 37%.

Weekly financial income from partial evolution transactions from mid-April to early July.

• Since February, the net new Axies have been negative every month. This indicates a deflationary trend, with more Axies being released than being bred. As of July, there are 28.5k fewer Axies than in February.

• Since the launch of Part Evolution, players have released a total of 116,079 axes for materials. Currently, 77,878 axes boast at least one evolved part.

• Treasury income from Ascension and Parts Evolution transactions reached 75,477 AXS!

• Partial evolution utility: We introduced Part Evolution in 2023. Over the past six months, players have been evolving their Axie Parts and enhancing their card stats in the game.

• competitive season: From Season 7 to Season 9, we increased the Origins prize pool from 63,000 to 81,133 AXS to reward more players. In H1, we distributed around 225,000 AXS (1.36 million USD in today’s prices) in rewards.

• Collectible Axie Utility: We continued to reward Collectible Axe owners with chests, emphasizing its role as a Web3 Battle Pass. We also introduced Collectible Leaderboards in Season 7. The CLB became a popular item among the community, allowing Collectible Axes to earn rewards and compete for their own AXS prize pool.

• New features and faces: Launched Gauntlet Mode with SLP rewards. Revamped Runes and Charms crafting system with new Scraps system in Season 8. This led to record mints for Runes and Charms. Also introduced 5 new non-NFT companion axes, bringing the total to 15.

• growth: Driven by continuous innovation and updates, daily active users have increased by 97.61% to over 52,000, and monthly active users have increased to 156,445.

Future plans: We’ve teased some exciting features for the Season 9 offseason, including a PVE roguelike mode and the Meta Morph feature, which adds gameplay utility to collectibles.

It was hard to miss this game. Seven months ago, Jihoz dropped the mic with four epic words: Axie. Classic. Is Back. Since then, we’ve seen a storm of praise and excitement from players. Axie Classic was the game that introduced millions to the world of crypto, and we’ve worked hard to double down on what the community loves.

• What’s new in Axie Classic: We’ve kept the beloved classics like turn-based combat, class advantages, and of course, critical hits, while continuing to release new features like AXP earning, gold, chests, Cursed Arena mode, and Grand Tournaments. We’ve also introduced premium Cursed Arenas, collectible Arenas, guild features, and a revamped UI.

• Axie Classic Competition Circuit: In April, we announced the Axie Classic competitive circuit with a 57,000 AXS prize pool, including 12 seasons of Guild Leaderboards, Guild Wars, and the Axie Classic Guild World Cup. We’ve already hosted our first Guild Wars SEA in the Philippines, and we have more on the way with seasonal championships leading up to the Axie Classic World Cup.

• Individual Tournament: We’ve empowered our community with in-game private tournament features, which have led to hundreds of player-hosted tournaments and the Bounty Hunter Flash Cup, which features a daily 50 AXS prize pool.

• growth: Since January, Axie Classic has demonstrated its resurgence and future dominance with impressive growth, including a 190% increase in daily active users, over 45,000 players, and increasing weekly and monthly engagement.

Future plans: Season 4 is upon us. Season 4 introduces Relics, the Battle Pass, a revamped Arena Leaderboard, and daily mini-tournaments with AXS prizes. Don’t miss out on Axie Classic!

Homeland is our ambitious vision for a player-owned digital world. We envision a world where Lunacians develop their lands by harvesting, producing, building, and interacting with other Lunacians.

When Homeland launched its beta in January, we faced some obstacles. The launch did not meet the goals we set for ourselves, and our community informed us. Founders Jiho and Trung launched. Notes from the Homeland FounderWe committed to realigning development to align with our core vision. We rolled up our sleeves and got to work fixing bugs, rethinking unpopular mechanics, and reintroducing features that players loved.

The current situation in Homeland is as follows:

• Feedback-driven development: We’ve introduced updates via “leek” articles based on player feedback, allowing us to adjust based on community reaction. For example, we’ve revamped the Moonfall mechanic to make quests more structured based on player input.

• AXP Import and QoL Updates: We have introduced AXP earning for axes working on our land. Each axe earns 10,000 AXP per day. We have also provided more QoL improvements.

• Homeland Event: We also hosted three events (The Gathering Showdown, The Cooking Showdown, and Adventurer’s Rush), each with a leaderboard and a total prize pool of approximately 20,000 AXS. These events showcased the incredible potential of Homeland, celebrating the creativity and dedication of our community, from resource gathering to culinary masterpieces.

• Future Development: We’re excited about two major upcoming features coming to Homeland: Axie NFTs replacing NPC adventurers. Avatar Mode offers an interactive social experience, allowing you to explore and chat with your neighbors as an Axis avatar.

Let’s pause and reflect on this. Governance of Web3 can be messy and complex. Sometimes it feels like building and flying an airplane. We’re in uncharted territory, and we’re figuring it out together. But listen to this: Today isn’t about promises or fancy words. Today is about showing you the goods. Here’s what we’ve done to govern Axie.

• Axie Score and Governance Portal Launch: On May 17th, we launched the Axie Score and Governance Portal, marking the birth of Axie Governance and empowering all Lunacians to shape our shared future.

• Axi Score: Axie Score is a points system that reflects the contributions of community members to the Axie ecosystem, encouraging balanced participation beyond token holding. It is a work in progress developed by the Axie Score Committee and contributors.

• First Governance Vote: We tested a new governance mechanism by introducing AIP-001 to upgrade Axie and Land contracts. The AIP was passed with a total voting power of 14.7 billion, staked AXS of 4.08 million, and participation from 4,063 unique wallets.

• Town Builder: Our dedicated Town Builders have played a vital role in shaping governance initiatives, volunteering their time, and working with the community. Their efforts and insights have been critical in improving our governance processes.

• The Future of Governance: As we improve and expand Axie governance, we are committed to incorporating community feedback. The Axie Governance Portal and Axie Score will evolve alongside the community.

Governance Portal: The Governance Portal streamlines community decision-making, allowing members to connect their Ronin Wallet, stake AXS, and vote on proposals.

Looking back on the past six months, one thing is certain: Axie is the next Axie. Axie Infinity is not just a game, it’s a revolution in digital ownership and community-driven development. The journey ahead is exciting. Think of the new features and innovations in games and products that will all lead to player engagement and economic activity. Regardless of market conditions, we will be here to build, innovate, and expand the boundaries of what’s possible. Join us on this journey. Together, we’re shaping the future of gaming and beyond.

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