One of the most popular play-to-earn blockchain based games, Axie Infinitys roadmap has proved vital in maintaining the project’s relevance to the crypto economy. However, this is not to say that the journey so far has been without burns and bruises.
Realistic or not, here it is The market cap of AXS in terms of BTC
On the one hand, the roadmap developed in 2017 showed ambitious plans for the development and expansion of the game in the blockchain landscape.
Needless to say, a ton of Axie Infinity [AXS] roadmap has been achieved. However, before we get into what’s currently happening with the project, let’s take it out of memory a bit.
The roadmap of Axie Infinity: from idea to buzz
When the Sky Mavis team came up with the Axie Infinity model, there were only a few play-to-earn games like The sandpit [SAND] existed. But the company, led by Trung Nguyen, did not intend to imitate The idea of the Sandbox.
Instead, it created its in-game economy around a mix of Pokemon-style games and Non-Fungible Tokens (NFTs) on the Ethereum [ETH] block chain. This exciting idea was one of the reasons why the project raised 900 ETH in presale for the Origin Axie. This already happened in February 2018.
Although Axie Infinity started on Ethereum, it managed to create its own sidechain called Ronin. Sidechains are created by projects to remove the burden of delayed transactions and exorbitant transaction fees from mainstream blockchains.
The Ronin Network is an Ethereum Virtual Machine (EVM)-enabled blockchain built to encourage developers to build games connected to Axie. Hence, the development of the Ronin sidechain laid the foundation for greater adoption of Axie Infinity products and operations on its network. Before that, in March 2018, the Axie Infinity roadmap laid out the development of its own NFT marketplace.
The NFT marketplace allowed users to play games and trade assets, including land and accessories. The addition of the marketplace led to the launch of several games and the impressive first country launch, leading to an increase of 3200 ETH. Between 2018 and 2019, Axie Infinity released more than five games, including
- Grow game
- Idle battle game
- Community battle card battle game.
AXS strike and the introduction of the Hub
At the time, to complement its thriving NFT marketplace, Axie Infinity launched Mavis Hub in 2022. The idea behind the hub was to create a platform on which to launch promising blockchain games. And in the same month, all launched countries sold out for about 4200 ETH.
Meanwhile, Axis didn’t immediately move to the Ronin network when Mainnet launched in February 2021. Instead, it took another two months for the team to agree on a full migration.
Interestingly, this happened at a time when the 2021 bull market was starting to gain momentum. Consequently, the Axie Infinity Shards token gained the attention the community gave to the project and sparked an incredible rally.
This was also around the period when the Axie Infinity roadmap felt it was time to introduce AXS staking. However, the project seems to have lost its midas touch, no thanks to the rise of its competitors and a difficult market situation.
According to DappRadar, trades fell 31.56% over the last 30 days. Unique Active Wallets (UAW) also fell sharply. This statistic shows the number different portfolios interact with a decentralized application (dApp).
Source: DappRadar
Therefore, as shown above, the increase means that the smart contract interaction was nowhere near the highs recorded at the peak of market interaction.
Challengers in the race, but there’s no plan to quit
However, the project has been pinned by its competitors, including The Sandbox, and Decentralized [MANA]which only launched in 2020. According to SanitationMANA’s market capitalization has grown to 894.76 million.
On the other hand, AXS was lower at 813.03 million while SAND was higher at 939.9 million. The state of this metric across all networks means that Axie Infinity is the least dominant. So it lacked liquidity compared to the rest.
Source: Sentiment
How many Worth 1,10,100 AXSs today?
Despite these drawbacks, the Axie Infinity roadmap has been followed diligently to failure. In April 2022, the Axie Infinity Origins Alpha was launched. This creator program launch and Origins adoption on Google Play in December 2022 also followed.
As it stands, Axie Infinity has not reneged on its plans. A evaluation of its website showed that bugs are also being fixed. In addition, the NFT Charms and Runes are almost 60% launched and various applications are being implemented.
