crypto-news-flash.com
- Axie Infinity reintroduced its manager-scholar relationship with the new Axie Delegation system on October 17th.
- Axie Infinity increased its total staked AXS by 11.34% over the past year, reaching 58.5 million AXS.
Axie Infinity has made a significant comeback with the introduction of its Axie Delegation system, which revitalizes the manager-scholar connection that has long been an important aspect of the game’s environment.
The Axie Delegation launched on the app of the platform on October 17th, enabling players to donate their axies to others, thereby restoring a basic ability of the game. Based on an official tweet from Axie Infinity, in the first week alone, over 2,400 managers assigned 38,900 axies.
This strong start to this new phase of the platform was indicated by the roughly 1,200 scholars obtaining an average of 30 axies each resulting from their active behavior.
Axie Delegation: Week 1 Results
Good week, managers ✨
• Over 2.4K managers delegated 38.9K axies
• About 1.2K Scholars received an average of 30 axies each
• Moar Delegation integrations coming soon
Here’s how Axie Delegation’s 1st week went down 🧵👇 pic.twitter.com/p96VK5UZDO
— Axie Infinity (@AxieInfinity) October 29, 2024
Reviving Manager-Scholar Collaborations and Expanding Axie Gameplay
The delegation function serves purposes beyond only simple borrowing convenience. It marks the return of a key component of Axie Infinity’s approach, whereby managers provide axies to academics who subsequently use these digital resources to receive prizes.
During Axie’s ascent to popularity, this technique was especially helpful; its comeback might inspire both players’ and investors’ fresh interest.
Furthermore, Homeland, the land-based game developed by Axie Infinity, included delegation on the same day, facilitating more manager and academic cooperation.
This action coincided with the release of Axie Adventure PvE mode, giving users even more chances to investigate other gaming styles and collect incentives. Players can anticipate even more future capability with the promise of new delegation integrations—including the forthcoming incorporation of Axie Origins.
This next wave of integrations seeks to enable more seamless gameplay experiences for both new and experienced players. Axie Classic’s delegation tool has already gone live, and the Origins connection is coming shortly, providing even more opportunities for academics and managers to network.
Strengthening Engagement and Fostering Long-Term Ecosystem Growth
The addition of these features will probably increase involvement and assist in stabilizing the larger Axie Infinity ecology, which has experienced some volatility recently.
The Axie Infinity platform’s financial situation is exhibiting indications of revival meanwhile. According to CNF, the overall AXS staked is raised 11.34% between October 2023 and October 2024, reaching 58.5 million AXS.
This increase in staked tokens shows fresh faith in the platform, maybe inspired by the inclusion of important capabilities like delegation once more.
In September, Axie Infinity also burnt over 43 million SLP (Smooth Love Potion), which helped to produce a 1.25% yearly deflation rate. More sustainable tokenomics resulting from these deflationary dynamics will help the ecosystem develop over long terms.
Meanwhile, Axie Infinity’s native token AXS is trading at about $5.01 at the time of writing, showing a 2.39% increase over the last 24 hours. This takes the market cap of the coin to around $763.97 million.