Sources 3binformation series sky mavis nft

“They want to see who those (investor online) addresses belong to and what’s their vesting schedule,” said Li.

Retail investors need transparency

Transparency is especially important for retail investors because they might not have the luxury of diversifying their investment portfolios.

“Some (retail investors) have the tendency to go all into one or two projects, so they might be bankrupt if they are hurt by this asymmetrical information on both sides,” said Li.

But Alex Felix, managing partner and chief investment officer at cryptocurrency venture capital company CoinFund, believes the blockchain can help prevent fraud and provide more benefit to NFT creators than traditional systems do.

“My approach to that has been largely that fraud has existed in the traditional (i.e.

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Axie Infinity has already achieved $33 million in daily transactions, for a total volume of over $2 billion. Again, without being on the app stores, Zirlin points out that Axie Infinity is one of the top 60 games being streamed on Twitch.

This economy has challenges, as Sky Mavis has bumped up the price of the Axie minting several times, and sometimes the price has fallen, as in recent weeks. If the price really slides, then the amount people can earn will also slide.

“We put the infrastructure into the game to grease the wheels of the economy, and NFTs are permeating mainstream culture,” Zirlin said.
“And money has gotten more abstract over time, from shells to gold to paper money, to fractional reserve banking, and now to full digital currencies.

Очевидно, что вознаграждение за обнаружение ошибок направлено на то, чтобы максимально усилить его безопасность после взлома Ronin, который произошел в марте.

Восстановление после взлома

29 марта Sky Mavis сообщили, что хакер украл колоссальные 601 миллион долларов из сети Ronin Network. К сожалению, инцидент коснулся и многих игроков Axie Infinity.

С тех пор группа сосредоточилась на том, чтобы вернуться в прежнее русло. Например, компания возместила свой финансовый убыток на сумму 450 миллионов долларов.

Более того, они привлекли более 150 миллионов долларов от ключевых инвесторов, таких как Binance и Animoca Brands.

Вознаграждение за ошибки, несомненно, является эффективной попыткой предотвратить будущие инциденты со взломом.

Sky Mavis said in the blog post that four of the company’s validator private keys were hacked along with one Axie DAO validator.

According to Sky Mavis, the hack traced back to November 2021 when the Axie DAO was allowed to distribute free transactions to accommodate a surge in Axie Infinity users.

The free transactions were discontinued in December, but the hacker was still able to access the Axie DAO validator, said Sky Mavis. While a temporary security reduction to allow for more users would have been understandable, the public should have been notified, said Li.

Company wasn’t transparent, says Li

“They took this shortcut, but they didn’t let the public know about it,” said Li. “They weren’t transparent about it.

“Sky Mavis said the hack occurred on 23 March but was not noticed until 29 March, when a user was unable to withdraw ETH5,000.

Players need to own at least three Axie characters to play. The game now has 1.5 million daily active players, DappRadar said.

Above: Art Art made money from Axie Infinity while he couldn’t operate his business.

As a play-to-earn game, Axie Infinity relies on its AXS governance token and SLP utility token. Players can earn the latter through gameplay, and then sell it to other users who need SLP to create new Axies.

On September 4, AXS hit an all-time high of $93.68, according to CoinGecko data, a crypto data firm.
At the time of publishing, the governance token is trading for $68.51. On the other hand, SLP has gone up more than 7% in the past 24 hours.

I think it will create a more open and more fair, a more empowering version of the internet, a little bit more in line with actually what the original creators of the internet envisioned.”

The decentralized nature of the company doesn’t end with the decentralized blockchain transactions. In addition, players can be rewarded with SLP (Smooth Love Potion) utility tokens through gameplay. SLP, currently worth 8.185 cents per token, is what players need to create new Axies.
The pricing has been fairly rocky in recently weeks, and SLP is well off the peaks it saw in the summer.

Or they can purchase AXS governance tokens. The market values of these tokens have skyrocketed. The AXS token, for instance, has a price of $122.63 per token now.

Axie Infinity have turned things up a notch in recent weeks. First, with their update to breeding mechanics, followed by the epic addition of $AXS staking. And now, they have raised an incredible $152 million in Series B funding.

This latest milestone from Sky Mavis, the team behind Axie, comes from an investment drive headed up by venture capital firm a16z.

Other contributors to the figure include Paradigm, Accel, Samsung Next and more. According to sources, the company valuation is now at an eye-watering $3 billion.

What’s more, this grand acquisition of funds doesn’t mean Sky Mavis will start resting on their laurels. The extra injection of cash will go towards the grand plan of “creating economic freedom for gamers”.

One Smooth Love Potion (the currency you earn in the game for engaging in and winning battles) is now worth $0.087, down 78% from its all-time high two months ago.

Sky Mavis is now working on a new game mode, which will enable users to test the game for free.

The NFT boom

Sky Mavis raised $7.5 million in May with backers included billionaire investor and Dallas Mavericks owner Mark Cuban.

The Vietnamese studio set out to take part in the mass migration toward NFT games. These have exploded in other applications such as art, sports collectibles, and music. NBA Top Shot (a digital take on collectible basketball cards) is one example. Built by Dapper Labs, NBA Top Shot has surpassed $710 million in sales. And an NFT digital collage by the artist Beeple sold at Christie’s for $69.3 million.

Blockchain gaming is a massive bet on the idea of “true digital ownership” where players can buy and sell items (think unique clothing or superpowered swords) within a game and also where those assets have an existence (on the blockchain) independent of that game. How that plays out practically in an industry where competing game developers can’t even agree on the most basic standards (there is disagreement on which direction should be considered “up”) is anyone’s guess, but one NFT-gaming application has already caught on: play-to-earn.

Consider The Sandbox, a mobile game that Animoca Brands acquired in 2018 and transformed into a blockchain product. A player can purchase a virtual piece of land for about $4,000; fill it with custom buildings, objects or characters; and flip it for a higher price, just by putting the time in.

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