Axie Infinity (AXS) Recovers Thanks to a Series of New Updates
The AXS token of the blockchain game Axie Infinity has seen a strong recovery over the past 48 hours, thanks to a series of new updates from the project.
On December 5 and 6, the team behind the once-famous blockchain game Axie Infinity released several notable updates, driving a remarkable recovery in the AXS token.
First, Axie Infinity unveiled the “Axie Contributor” initiative, aiming to decentralize the project and grant more decision-making power to the community. Axie Infinity has selected 700 community members to form the Axie Contributor team, which will support the Town Builders—a small group of Axie developers working on self-governance mechanisms for the network.
The Lunacian: Axie Contributor Initiative Kickoff! https://t.co/Yjs9njT5Rv
— Axie Infinity (@AxieInfinity) December 5, 2022
The goal of this initiative is to expand the Axie Contributor team and eventually establish a Community Council that will make future self-governance decisions.
On December 6, Axie Infinity announced the launch of “Axie Core,” a new concept defined by the project as the “shared Axie experience and design, connecting players with their NFTs.”
Axie Core will serve as a portal for players to customize and upgrade their Axie’s features, including accessories, body part upgrades, breeding, nurturing Axies, and downloading images of their customized Axies.
1/ Dear Axie Community,
— Axie Infinity (@AxieInfinity) December 5, 2022
We’ve penned an article laying out the vision for a crucial part of our ecosystem: Axie Core.
Axie Core is eternal and not tied to one particular game; it’s the universal Axie experience and aesthetic.
📜 | https://t.co/NJIlqSrqz6 pic.twitter.com/olZNsvuzLh
Although these changes are not groundbreaking or highly impactful to the game, the AXS token of Axie Infinity has surged nearly 25% in the last 48 hours.
1H Chart of AXS/USDT on Binance at 12:25 PM on 12/06/2022
Looking ahead to 2023, Axie Infinity is expected to launch land features, creating a virtual metaverse within the game and introducing new gameplay modes. However, the development of the metaverse has been delayed, and there is no specific roadmap yet.
The project has also faced turbulence recently, including a large-scale AXS token unlock for early investors and price manipulation issues related to a security incident involving Binance.
Additionally, other metaverse-related cryptocurrencies like ApeCoin (APE), Flow (FLOW), and The Sandbox (SAND) have also shown noticeable recovery in the past 24 hours.
