“For instance, an average player at around 1.5kmmr may earn 50 SLPs at the current price of $0.0268.
#Nine axie infinity update
An update that significantly reduced daily SLP rewards didn’t help matters. Then there was also the declining price of the Smooth Love Potion (SLP) in-game currency. Firstly, it requires a team of three Axies to play, buying even the cheapest meant shelling out approximately $1,000 at the time. This can be attributed to several things. This indicates that even before the hack, users were losing interest in the game. The chart below shows Axie Infinity’s daily sales volume peaked at $40.8 million on November 4, 2021, followed by a sharp drop-off. The March hack had devastating consequences on the project. We are still on track to release Land Staking this week.The bridge has undergone an internal audit and two external audits.All user funds are fully backed 1:1 by the new bridge.Recently, the Ronin Bridge re-opened, with developers keen to stress the safety of users’ funds, the audit procedures that have since happened, and a new “Land Staking” feature. This offered an entry point that resulted in hackers assuming control of four of the nine network validators.
#Nine axie infinity pdf
However, the PDF file was laced with spyware, which compromised the engineer’s computer upon opening the file. The plot involved several fake interviews, eventually leading to a generous job offer formally communicated via a PDF file. It recently emerged the cause of the hack was a complex LinkedIn phishing scheme involving an intricate plan to bait a senior engineer at Axie Infinity developers Sky Mavis. The Ronin bridge and Katana Dex have been halted.” “The Ronin bridge has been exploited for 173,600 Ethereum and 25.5M USDC. This led to the loss of $615 million by draining ETH and USDC tokens. The knock-on effect saw the AXS governance token approaching its ATH ($157.75,) and the project seemed unstoppable.īut all hell broke loose in March when it came out that hackers had gained control over several validators on the Ethereum sidechain (Ronin) on which the game ran. A chart posted by from November 2021 showed Axie Infinity’s revenue was almost 3x higher than the next nearest dApp, dYdX, at $191 million over the previous month. Axie Infinity co-founder and CEO Trung Nguyen recently took to Twitter to inform the community that “nature is healing.” The fall of Axie InfinityĪt its peak, the Pokemon-inspired play-to-earn game was trouncing the competition.