Axie Infinity (AXS) is likewise demonstrating gains of 27.65% over past seven days
AXS, the native token of Axie Infinity, a blockchain-based game in which players buy fictional creatures called Axies and then pit them against each other in battle, suddenly soared 25% in about an hour.
At the time of publication, AXS was up 26.32% at $8.51. The crypto token was likewise demonstrating gains of 27.65% over the past seven days.
The jump in prices coincided with an increase in trading volume, with traders taking advantage of the recent volatility to make profits.
AXS has also moved up in the crypto market rankings and is now the 50th largest cryptocurrency with a market capitalization of $813 million. The Axie Infinity community is delighted after a recent positive announcement by the blockchain-based game.
As shared by “Artik,” an AXI Infinity Missionary, “Today, over 600 dedicated and influential community members are gathered together to help shape the future of AXI Infinity.”
Axie Infinity decentralization in progress
Earlier this year, the Axie Infinity team revealed how it intended to progressively decentralize Axie Infinity.
The team stated their plans to be actively working toward an end state in which “invested” community members—those with effort or meaningful contributions—would be responsible for making resource decisions around the Axi Infinity ecosystem.
Axie Infinity explains its steady progress with its plans in a blog post. In May, the Axie Infinity “Town Builders,” a collective of well-established community members, was established. In October, Syntax and Akhil were elected as Town Builders by the founding Town Builder team.
Today, it announced that it has selected 700 community members to join the inaugural pilot “Season” of Axi Contributors, who will participate in a newly created “Governance” section on Axi Infinity’s Discord.
