After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on the Ronin network through the marketplace.
As play-to-earn game reaches $4 billion in sales, Axie Infinity’s Classic Mode will no longer collect SLP
According to a blog post published on August 11, Axie Infinity is changing the rewards system and removing SLP from classic gameplay. Axie Infinity is one of the most popular play-to-earn (P2E) games involving NFT. The game’s NFT collection has grown by $4.24 billion in sales to date, according to all-time data collected by dappradar.com.
Cryptoslam.io data also shows that Axie Infinity has over $4 billion in all-time sales, but the metric is a touch less ($4.08B) compared to dappradar.com’s stats. The $4 billion in sales took place across 17,038,131 transactions to date and there’s 2,291,087 NFT owners.
Axie Infinity is the top NFT collectible on Cryptoslam.io as Bored Ape Yacht Club (BAYC) trails Axie Infinity in sales with $2.36 billion, and Cryptopunks with $2.35 billion in all-time sales. In the latest blog post titled “Origin Season 0: Phase 3 Is Here,” Axie Infinity details that some changes to the game will remove the Classic Mode rewards.
The game’s management plans to reward players using Origin’s ranked gameplay mode. NFT runes and charms have been introduced as well, and the team adjusted the game’s leaderboard rewards.
“According to the plan, we will move the SLP from Axi Infinity Classic (V2) to Axi Infinity Origin (V3) as part of Phase 3,” Axi Infinity explained on Thursday. “This means that SLP emissions from V2 will cease completely at 9:30 a.m. GMT +7 on 12 August. A major advantage of the transition from Classic to Genesis is the expanded capacity to balance the SLP economy. Thus The design of the SLP rewards system, along with the original, is being tuned to align with that goal.”
Axie Infinity has two native tokens, smooth love potion (SLP) and axie infinity (AXS), that are integral to the P2E game. While SLP is used for rewards, AXS is the community’s governance token. AXS tapped an all-time high (ATH), four days before BTC reached its lifetime price high, when AXS hit $164 per unit on November 6, 2021. AXS is currently down more than 88% from its ATH, and SLP’s fall from its price high is even worse. On July 13, 2021, SLP reached a $0.399 price high, and today it’s down more than 98% from that point.
