As an animated toy astronaut once said: To infinity and beyond! Not quite yet, but crypto Axie Infinity is showing a good increase. The value is up 20% in the last 24 hours.
25% price increase in an hour
If we increase the price, an increase of no less than 25% is visible within an hour. The AXS price seems to go to infinity for a short period of time. AXS is the symbol for Axie Infinity, a blockchain-based game where players buy fantastic creatures called Axies to make them fight.
That sounds pretty cruel, but fortunately the implementation is not that realistic.
At the time of writing, the AXS is up 20% to EUR 7.71. The cryptocurrency had a good week anyway, rising almost 28%. Today’s increase is, of course, largely responsible for that.
Why is Axie Infinity rising?
AXS also rose in the ranking of cryptos with the highest market cap. At the moment, AXS is the 48th largest cryptocurrency with a market cap of $879 million. Market Capitalization is a difficult word for total market capitalization where the price of 1 AXS is multiplied by all AXS in circulation.
What caused this increase? There are two possibilities, either because Sint bought crypto for everyone or because of a recent announcement from Axie Infinity.
The Axie Infinity community came together and Artic made it here report Outside.
“Today, a group of more than 600 dedicated and influential community members have come together to shape the future of Axie Infinity.”
Everyone can participate in the decision-making process
This is consistent with an announcement made in March this year that expressed an ambition to decentralize development and decision-making. Another difficult word and now simply explained: instead of a small group, a large group makes decisions together. This group is spread all over the world.
The transition to a decentralized management system will take place step by step. The team wrote today that it plans to actively work toward an end state where members of the “established” community — i.e., those with significant effort or contribution — would be responsible for feature decisions around the Axie Infinity ecosystem.
What are City Builders?
The first step was taken in May. This was followed by the formation of the Axie Infinity ‘City Builders’, a collective of established community members. In October, two members, Syntax and Akhil, were elected Town Builders by the founding Town Builder team.
Today’s blog reports that 700 community members have been selected to participate in the first season of Axie Contributors. This pilot is called Season 0.
Which brings us now, we are proud to announce that we have nearly 700 Lunacians participating in the first pilot season of Axie Contributors! Every Season 0 contributor will soon receive an acceptance letter, a Discord role, and access to a newly created “Governance” section on Axie Infinity Discord. There they can participate in Town Builders-led conversations, meet other contributors, and gain experience building community governance!”
Invest in AXS
BLOX offers the AXS currency, the cryptocurrency that the entire Axie Infinity game economy revolves around. Are you interested in video games and do you expect a lot from Axie Infinity? But do you have responsibilities that made the game an afterthought? It can therefore be interesting to invest in AXS.
Source: Btc Direct
Source link
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
