AXIE INFINITY: Still the dominant force in web3 gaming

SPECIAL ISSUE 01

Raiden

Oct 9, 2023

Gaming Chronicles focuses on curating the latest web3 gaming news, every weeks.

You will find latest news, educational content and game reviews.

"We need a new game with +10M$ in funding to onboard the masses!!!"

Yeah, sure.

What if we stopped to underestimate the current games we have tho?

100K monthly active players
18,000 unique wallets trading an ingame-asset
136,000 unique assets traded

Yes that game is Axie and it's (surprisingly?) still the dominant force in web3 gaming:

Axie Infinity Origins has 100 K MAU and is paying out 112,000 AXS per season (49 days/season) in prizes.
Axie Infinity Classic (the card game from 2020/2021) still has 40 K MAU and is paying out 1,000 AXS per season (14 days/season) in prizes.
136,000 axies have been sold in the last 30 days.
18,000 unique wallets have bought/sold an axie in the last 30 days.
There are 13 games live RIGHT NOW using the Axie-IP. Some of these are built by Sky Mavis and others built by the community.

Quick look at what they've shipped lately/what's next

Axie benefits from a lot of same trends as Pudy penguins and looks to be actively learning from Pudgy’s approach. One example is the newly upgraded Axie Giphy:

Re: Ronin

The Ronin ecosystem is getting stronger with the addition of games outside of Axie, such as Pixels, which in turn, helps reinforce the network effect of the ecosystem and even introduces new players to axie.

This was seen with the Cyberkongz Axie gifting program:

“Cyberkongz community members spent far more on the axie marketplace than the value of the axies given to them after just 45 days, meaning that giving out free axies to the right groups, has positive long-term value to the ecosystem.” Jihoz, Axie Infinity co-founder

Last but not least, the part upgrades is scheduled to be released in the next couple of months (Q3'23/Q1'24)👀

*disclosure: this writeup isn't a financial advice, this is mainly my take about Axie & our vision as web3 gaming peeps ; I do own some Axies NFTs and do own some Ronin & Axie tokens (my size isn't size tho, or is it? idk)*

In the last couple of months, a lot of us (me first) expected that many games that raised multi millions $ would launch and overtake Axie. Never happened and many of these games are now ceasing operations.