We’re only a few weeks into the year, but it looks like something interesting is happening with the popular game of play to win, infinity axis. Recent data shows that their number of active users has increased by an impressive 59%. This represents a massive comeback not only for Axie Infinity itself, but also for the play-to-win model as a whole.
Is P2E experiencing a comeback?
As many of us will remember, play-to-win games experienced a bit of a dip last year, partly due to the crypto winter. Its decline after having a successful run in 2021 even led some to declare the niche dead.
However, the recent revival of Axie Infinity is countering this narrative. Not only did the active wallets of Axie Infinity users increase by 59%, but the value of its native AXS and SLP token peaked in the middle of the month. There are a number of possible reasons for this; the game released some updates at the beginning of the year with new features like avatar customization.
It could also indicate a renewed interest in playing to win, especially as several cryptocurrencies are showing mild signs of recovery. Either way, we can only hope that this positive trajectory continues.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has been featured on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.