cryptopolitan.com
TL;DR Breakdown
- 'Axie Infinity: Origins,' a crypto game by Sky Mavis, has debuted on Apple's App Store in selected countries.
- Despite Apple's NFT restrictions, Sky Mavis is hopeful for future in-app NFT transactions and has also launched an NFT marketplace.
- The game's launch boosted Axie Infinity's native cryptocurrency, AXS, indicating increased market interest despite past challenges.
Sky Mavis, the creator of the iconic play-to-earn crypto game Axie Infinity, has announced the availability of ‘Axie Infinity: Origins’ on Apple’s App Store. Initially limited to a select number of Latin America and Southeast Asia countries, the move is seen as an important step in recapturing the user base that Sky Mavis lost following a challenging 2022.
Jeffrey Zirlin, Sky Mavis co-founder, expressed optimism about gaining a foothold on the App Store. This platform has historically presented significant hurdles for companies dealing in non-fungible tokens (NFTs). The rollout, he suggests, will provide crucial data on user retention rates ahead of a planned global launch.
This move carries significant potential for growth. Zirlin pointed out, “Seventy percent of our users come from family and friend referrals. So actually being on the App Store… that’s important for our growth machine.”
Web3 gaming and the NFT marketplace
Despite previous controversies surrounding the sale and trading of NFTs on its platform, Apple’s decision to include ‘Axie Infinity: Origins may signal a growing acceptance of web3 applications. However, Zirlin concedes that the 30% cut Apple demands on in-app sales remains a challenge. Still, Zirlin is hopeful, stating that he expects progress in the future.
In addition to the Apple release, Sky Mavis is also launching Mavis Market, an NFT marketplace powered by the company’s native Ronin blockchain. The marketplace will host some collectibles from third-party developers who deploy on Ronin.
Sky Mavis CEO Trung Nguyen spoke on this development, saying, “Sky Mavis remains committed to our vision of a player-owner digital nation and is excited to work with app stores to open our ecosystem to a new generation of Lunacians.”
Axie Infinity: The road to recovery
The move comes as Axie Infinity works to bounce back from a significant setback in 2022 when the North Korean hacking group Lazarus allegedly stole over half a billion dollars from the gaming platform. This event led to a drastic drop in both user numbers and trading volumes.
However, with the introduction of ‘Axie Infinity: Origins’ on the Apple App Store and the launch of Mavis Market, Axie Infinity is demonstrating a strong commitment to rebuilding and expanding. It’s a critical step forward for Axie Infinity, a game that, during the pandemic, introduced millions to the play-to-earn model and generated over $4 billion in trading volume.
With ‘Axie Infinity: Origins’ now on the Apple App Store, Sky Mavis is set to leverage the popularity and accessibility of Apple’s platform to drive a new era of growth for Axie Infinity. This development is significant for Axie Infinity and Sky Mavis and the wider web3 gaming space, marking a critical step in the mainstream acceptance of blockchain-enabled applications.
In essence, this is a pivotal moment in the evolution of web3 gaming, a moment that could very well define the future of this burgeoning sector. As Axie Infinity works to recapture its lost user base and forge ahead into new territories, the industry will be watching with bated breath.