An official statement has been released by the Axie team stating that Axie Infinity Classic will not be renewed after the current season elapses.
Jun 21, 2022
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The Classic version of Axie Infinity will be coming to an end on June 24, when Season 21 ends. This season came at a time of reduced gaming activity with about 10k players daily, which is just a fragment of the peak Axie tally, but the number of active Ronin wallets soared to 3M. Also, this season, the game took place entirely on the Ronin network.
Once the season ends in a few days, Sky Mavis will close the version to allow the Axie Infinity Origin to reach its full potential. Guilds are already switching to Origin. Even after the season, Axis can still play in a team of three, as Origin will work on full leaderboard capacity and rewards. This new game allows free play, but teamwork is important for success.
Ronin to Reopen RON-ETH Bridge
The Ronin network is looking forward to reopening the RON-ETH bridge, which was close after it was exploited in March. This development comes after Ronin recently released some documents for third-party builders and node operators. June 23 is the tentative date for reopening, and this move is expected to recapitalize the Katana exchange and drive more assets from the Ethereum network.
Axie assets on the network are not entirely affected in the absence of the bridge because they can still be traded on Binance. Once the bridge is open, it will be refilled with funds from Sky Mavis and other fundraising projects to balance funds on either side of the bridge.
AXS is currently experiencing a surge. It has risen to a price of $15.3 while SLP is currently at $0.004, while RON is at $0.29 after losing 50% of its value due to a rough week.
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As an expert in blockchain gaming and cryptocurrencies, I possess extensive knowledge about Axie Infinity and related technologies. My expertise extends to understanding the intricate workings of play-to-earn gaming, blockchain networks like Ronin, cryptocurrency economics, and the dynamics of the Axie Infinity ecosystem.
The article you provided delves into several critical aspects of Axie Infinity and its associated developments, including the transition from Axie Infinity Classic to Axie Infinity Origin, the significance of Ronin network, the RON-ETH bridge reopening, asset values such as AXS, SLP, and RON, as well as recent updates and technological advancements within the Axie Infinity universe.
Let's break down the concepts mentioned in the article:
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Axie Infinity Classic and Axie Infinity Origin: The official statement confirms the discontinuation of Axie Infinity Classic after Season 21 ends, allowing for the full realization of Axie Infinity Origin's potential. Guilds are transitioning to Origin, emphasizing the importance of teamwork in this new version for enhanced rewards and a full leaderboard experience.
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Ronin Network and RON-ETH Bridge: The article highlights the Ronin network's plan to reopen the RON-ETH bridge after an exploitation incident. This move aims to revive the Katana exchange, increase asset liquidity, and attract more assets from the Ethereum network. The closure of the bridge affected Axie assets, but trading continued on Binance. Reopening the bridge will replenish funds and balance the bridge's liquidity.
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Asset Values: The article mentions the current values of AXS ($15.3), SLP ($0.004), and RON ($0.29), indicating fluctuations and market trends affecting these assets. AXS is experiencing a surge, while RON underwent a significant value drop due to market volatility.
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Related News and Analysis: Additional articles and analyses surrounding Axie Infinity discuss topics such as recent updates (Stage 2 NFT Evolution), gameplay enhancements (Gold Chests, Grand Tournament Phase 2), the role of Ronin in the play-to-earn model, technological aspects powering Axie Infinity's success, and a broader overview of play-to-earn games on the Ethereum network.
In conclusion, the Axie Infinity ecosystem encompasses a complex interplay of gaming, blockchain technology, economic dynamics, and market trends. The transition from Classic to Origin, the role of Ronin and its bridge, asset valuations, and ongoing developments within Axie Infinity demonstrate the continuous evolution and significance of this innovative gaming ecosystem within the blockchain space.
