The Ronin Bridge of Axie Infinity has reopened months after it was plundered of $625 million by an exploit in March.
The report cites concerns about the network's crash-prone node architecture. But Solana Labs has already refuted many of the claims.
P2E games typically tend to rely on their player base continuing to grow over time. The value proposition for P2E games is foremostly enjoyment, with earnings being a kind of welcome aftereffect. There’s little doubt that ownership will continue to be a key part of the play-to-earn model.
Blockchain technology has the potential to change many different industries radically, and one it’s currently changing is online gaming.
The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies.
Hackers who stole over $615 million in the Ronin Network exploit have already moved over $114 million worth of Ethereum.
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and Accel — constitutes part of the actions the company is taking to recover its ecosystem and reimburse users.
Axie Infinity users had plunged from a high of over 8 million to around 1 million before the Ronin bridge hack.
Season 20 is close and when it’s released, a variety of important economic balancing changes will be implemented.
NFTs are without a doubt the hottest commodity in the crypto world right now, but few people realise the true power that NFTs are unlocking in the gaming world.
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