In spite of what has been a difficult downturn for the cryptocurrency market, blockchain gaming is proving its longevity for the future through projects showing clear resilience and emerging as new leaders in the space.
Axie Infinity (AXS), whose pet-themed trading blockchain game catapulted to notoriety during the economic shutdowns of 2020, has continued its painful descent over the weekend, with active users contracting to under 60k. As noted in an exhaustive Twitter (TWTR) thread covering Axie’s market shift, these numbers are in stark comparison to the 3 million player high at Axie’s impressive peak.
Axie’s revenue has also decreased from $17 million/week to $11,000/week, and only 10 new Axie holders are joining the community per day. The mint to burn ratio has also hit a critical point, with the Axie “breeding” market suffering as a result.
Splinterlands (SPS), the worldwide leading gaming Dapp, however, continues to onboard hundreds of users a day, bringing in steady revenue and growing its player base, even while many other Web 3.0 projects, like Axie, struggle. Active gameplay remains consistent, seeing anywhere from 250k-450k daily active users. Splinterlands continues to update key aspects of the platform, release new updates and interact with their community on a weekly basis, locking in their firm place in the number one spot of the blockchain gaming vertical and setting their sights on rivaling the mainstream gaming industry. Amongst the hundreds of thousands of daily active users, Splinterlands sees 3M-5M transactions per day and has 10-12M battles that are played daily. With their recent node sale, they saw an 11-minute sellout of their first tranche (2000 node licenses) and have burned or sent over 35 Million Splintershards (SPS) to their DAO.
In a time when all of Web 3.0 is being tested, Splinterlands is emerging as a clear winner in the gaming space.
Splinterlands CEO Jesse “Aggroed” Reich said that alongside their commitment to an engrossing game and thriving community, deflationary mechanisms and an organic economy based on the needs, wants, and input of its players has always been at the core of the platform.
These deliberate, built-in strengths have seen Splinterlands successfully navigate the storms of the cryptocurrency space–now, multiple times.
“We believe in decentralized gaming. It’s the future,” he said. “Splinterlands is playing a critical role in bringing this future about, showing in…
Click Here to Read the Full Original Article at NewsBTC…
