BitcoinWorld

Axie
Latest News

Axie Infinity upgrade is delayed due to a Ronin hack.

Sky Mavis, the creator of the famous blockchain game Axie Infinity, has postponed the release of its much-anticipated Origin update in response to the recent hack on its Ronin network, which resulted in a loss of over US$600 million.

The new Origin upgrade from the Vietnam-based developer will now be available on April 7. That’s, as the business focuses its focus to investigating the theft and recovering the stolen monies.

On March 23, 173,600 Ether and 25.5 million USDC stablecoins were stolen in a hack.
Characters from Axie Infinity are the most popular non-fungible tokens (NFTs) of all time. That’s, with over 2 million daily active gamers.

To engage in the game’s economy, users must purchase NFT characters known as Axies. But, the game’s expensive starting fees have proven to be a barrier for players with limited crypto holdings.

The latest update has been generating a lot of discussion among fans, since the game is attempting to transition to a free-to-play model by providing some free Axies.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.