OnChainEarners – Axie Ecosystem
Hello, here at OCE we wanted to share some thoughts on the recent developments within Axie Infinity. If SLP prices got you down, well don’t worry about that, more to come later. Let’s start with season 19 and its success. From what we’ve seen and heard, this is the most competitive season yet. The nerfs that came out proved to be effective in balancing (though some fell short) and players continued to increase their own skills within the game. The intense competition is healthy for the eco system and long term will reward players who are more skilled. We did see the 800 floor MMR come into play in Q4 which is ultimately a healthy factor for SLP. The creators of the game are constantly working to adjust SLP metrics to better serve the community. Gone are the days of just giving it away in adventure mode and to low level players. By minting less SLP in those areas, players enjoying success in the game will earn more and have a more stable ecosystem to rely on.
Back to SLP, we could speculate for days on what may or may not happen but let’s just pick a couple. Land has been teased and talked about for a while now. To say we are excited, is an understatement. There will clearly be ways to burn SLP within land, specifics we don’t know. I think one thing to consider is that not every burn in SLP will yield future cash flows, but instead cosmetic upgrades of items and buildings. This will allow SLP outstanding to be more controlled and give users the option to “flex” within their land. From my point of view, the more cosmetically appealing one’s land plot is, the more users it will attract and earn cash flows through other game mechanics. The other focus of future SLP use will be battles V2 and existing Axie development. As we know, there are plenty of Axies that are 1 good part away from being much more useful. If users are given the option to reroll/upgrade existing Axies, this will further lead to SLP burn and help stabilize the price. I do worry in the short term how rerolling would affect breeding as many users would probably look to fix existing Axies as opposed to breeding new ones. But as new users continue to join there will always be a need for future breeding.
What players and users of the Axie community must remember is earning SLP is not the only way to earn/profit within the eco system currently and in the future. As we’ve reiterated many times on our Twitter Spaces (P2E to Infinity Mon & Thurs) is that farming RON is an incredible opportunity and one that is also necessary. We are talking about a token that will operate as the stabilizer of the Ronin network. Transactions will require Ron thus making it mandatory for managers to have on hand as they navigate amongst their guilds. As future games come onto the network and the amount of people within the network increase Ron will continued to be burned at a significant rate, thus helping its price per token. Given the landscape of crypto has it ever been wrong to be early on a project? Usually not, don’t miss out on this one. We can also speak to staking AXS which compounds at an incredible rate. All provide to a balanced healthy environment that will allow Axie Infinity to continue to grow at a steady rate throughout 2022.