The market’s most popular metaverse coin project has announced its highly anticipated new season. Will the new game mechanics be enough to raise the price?
Metaverse coin market awaits the effects of this announcement
Axie Infinity’s current roadmap states that the start of Origin Season 0 marks entry into Phase 3. The negative heat in the last market also negatively affected Axie Infinity players. Following the latest news, the metaverse coin has become quite active on Twitter chat boxes. Sky Mavis, the team behind the game, have announced Season 0, which will run for a month in the feces. The launch will celebrate Axie Infinity’s enhanced gameplay environment.
Axie Infinity Origin Season 0 launch
cryptocoin.com There will be new upgrades for the renewed gaming experience in Axie. The new launch caught the attention of investors as AXS rose on the daily chart on August 24. As a result, the popular metaverse coin AXS spiked on August 24. The news attracted great interest among investors.
Despite the upbeat activity at AXS, concerns remain about the gaming industry in DeFi. After peaking in mid-2021, GameFi is still suffering from the start of the bear market. Moreover, the user statistics collected by Axie for this course reflect this. In recent weeks, the number of new accounts per day has dropped below 100. This is far from the peak it reached in July and August of 2021.
Metaverse coin price saw sharp drops
According to CoinGecko data, the AXS price has lost 7% since last week. The AXS price has somewhat cooled the current selling pressure due to the Origin Season 0 launch. However, this was only a short rally. Despite a bull run in the Axie ecosystem, there are some doubts in the DeFi gaming industry. Launched in mid-2021, GameFi has taken serious hits since the start of this crypto winter. Additionally, the expansion of Axie’s user base was blocked for this reason. But with the start of Season 0, the ecosystem is working harder to get back on track.
SLP rewards have been added to Origin game time and have been completely removed from Classic, according to Axie Infinity (v2). In addition, SLP users can create NFT Runes and Talismans on the Ronin, as well as “moon pieces” that players can access as well. Despite the failure of Axie Infinity to attract new players, loyal players continue to support the system. After the launch of Season 0 on August 12, the user base of the protocol has experienced tremendous growth, reaching 79.5k members. Users have high expectations from the developers as the game will introduce a new arsenal.
