Blockchain Games: Playing and Profiting in a New Era of Online Entertainment

What’s happening to Play2Earn Gaming – is it still alive or is it at a dead end? An expert in gamefi shared his opinion with us, so here are some insightful comments on the current market situation.

New details about the infamous hack that resulted in over $600 million being stolen from Axie Infinity have been revealed. It turned out that hackers tricked a Sky Mavis developer into applying for a fake job offer at a fictitious company.

Sky Mavis has pledged to reimburse Axie Infinity players affected by the $625 million hack no later than next week. However, the announcement came in the wake of the latest crypto market crash, which sent the Ethereum price to the downfall.

Sky Mavis has been working on adding more mini games from third-party teams to Axie Infinity’s ecosystem to increase in-game earnings. This move comes at a time when the SLP price continues to sink.

Axie Infinity’s utility currency has been showing almost no growth for a while, flowing around near-zero values. This resulted in players’ daily earnings dropping by 40 times compared to previous highs.

An anonymous hacker has managed to compromise Ronin, a blockchain behind hit NFT game Axie Infinity, and steal around $625 million. It is likely the biggest hack in cryptocurrency history.