29/07/2021 Axie Infinity is the new leader of NFT gaming

A month of exploding NFT projects has continued as Axie Infinity – a mobile game developed by Sky Mavis – doubled its native coin market cap within three days.

Valued at just under $5 in June of this year, the AXS token is currently trading in the $35 to $45 range, putting the project’s native NFT platform above OpenSea and Dapper Labs’ NBA Top Shot, who were dominating the market for most of 2021.

The game is implemented on a play-to-earn basis, allowing users to raise, battle and trade digital creatures. The protocol earns revenue by charging a 4.25% fee when players buy and sell Axie NFTs in its marketplace and collecting fees for creating and breeding axies.

The explosive growth comes after Sky Mavis raised $7.5 million in a Series A funding, with Mark Cuban serving as one of the backers. Other investors include Konvoy Ventures, Derek Schloss and Stephen McKeon.

However, Axie’s developers attribute the spike to a recent switch from Ethereum blockchain to their own sidechain called Ronin. Transactions were made faster, while gas prices were reduced to a negligible level.

Available on PC, Mac and IOS, the majority of 350 000 + daily active players join the game on Android.

Holders of Axie Infinity Shards (AXS) are rewarded for staking their tokens. AXS also act as governance tokens for the Axie universe, allowing users to participate in key votes. In this way, users are motivated to hold on to their tokens, creating substantial backing for AXS’ s market value. A special treasury was designed by the Axie team for storing fees and sales profits, as well as a portion of staking rewards.

With other products like Project K on the way, it will be interesting to see how the company develops. Make sure to read about other gaming projects on Coin Rivet.

Arts

https://finance.yahoo.com/news/axie-infinity-leader-nft-gaming-162732438.html

Interesting NFTs
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
Verifactory
The factory process behind the making of a verification badge. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Redshift, and After Effects.
Cosmic Chess
Cosmic Chess is a playable artwork that will evolve in time as the game progresses. This piece utilizes a special Layer Changer tool that lets owners move their pieces just like they would a regular chess game! To see the current state of the board you can view the tool here: https://asyncchess.herokuapp.com/1148
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
Mint Bubblegum
Ugh! My name's Mint Bubblegum. I once peed on Cleopatra's cat. They had it coming. When no one's home, I invite my pals over and we listen to Aretha Franklin. Can't wait to eat lasagna with you!