AXS jump: sudden price surge for Axie Infinity as it moves towards decentralisation
12:19, 6 December 2022
The pioneer of the Play-to-Earn (P2E) concept, Axie Infinity (AXS), is enjoying an increase in price thanks to its decentralisation project, as according to CoinMarketCap it is the second highest riser of the day on 6 December out of all the cryptos listed on the website.
As the time of writing on 6 December, AXS was trading at $8.98, up by 8.74% compared to the previous day, according to CoinMarketCap.
AXS to USD
‘Our progressive decentralisation strategy’
On 5 December, Axie Infinity shared an update of its “progressive decentralisation strategy” in which it wishes to form a council, allow on-chain voting and commence treasury activations.
Axie Infinity stated its “ultimate goal is to empower the collective with the responsibility of guiding one another in advancing the community’s mission through self-organisation.”
The pioneers of P2E admitted it is still early days in this strategy, but they feel they are making “considerable headway”.
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Community to ‘help shape the future’
A Twitter profile going by the name Artic who acts as a missionary for Axie Infinity revealed via the social media platform that a “group of 600 dedicated and impactful community members have been gathered together to help shape the future of Axie Infinty” referring to the “decentralisation strategy”.
Artic added “It's been an honour to play a role in this early process. I'm looking forward to being part of whatever comes next! Let's keep building.”
Today, a group of over 600 dedicated and impactful community members have been gathered together to help shape the future of @AxieInfinity.
— Artic ???????? (@Axie44) December 5, 2022
It's been an honor to play a role in this early process. I'm looking forward to being part of whatever comes next! Let's keep building ????️ https://t.co/8KfZCl4oiz
CoinMarketCap, which lists just under 9,000 cryptos. describes Axie Infinity as “a blockchain-based trading and battling game that is partially owned and operated by its players.
“It was inspired by popular games like Pokémon and Tamagotchi. Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.”
Each Axie is an NFT (non-fungible token) “with different attributes and strengths”.
The Axie Infinity ecosystem’s unique governance token is known as Axie Infinity Shards (AXS).
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