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Axie Infinity is one of the most popular and well-known names in the blockchain gaming space. The platform came into the limelight in 2021 after onboarding millions of players and luring them with the opportunity to make money while playing.

There are multiple platforms these days that use the same play-to-earn (P2E) model, and it’s not too far-fetched to say that Axie Infinity is a pioneer in this space. However, about a year into its rise, Axie Infinity appears to be struggling.

The turbulent year 2022 of Axie Infinity

The battles surrounding Axie Infinity started with the market downturn. The platform’s AXS token suffered a significant drop due to declining market conditions, and since the asset was the main attraction for Axie Infinity, its losses immediately caused Axie’s viewership and user count to drop.

Then the hack happened on the Ronin Bridge and shook the entire market. In March, the $622 million Axie Infinity Ronin Bridge was hacked in what has since become one of the biggest hacks in the history of the crypto space.

There has been a security breach on the Ronin Network.https://t.co/ktAp9w5qpP

— Ronin (@Ronin_Network) March 29, 2022

Bridges are protocols that handle the exchange of assets – including traditional crypto and non-fungible tokens (NFTs) – from one blockchain to another. In the case of the Ronin Bridge, the protocol helped enable seamless asset transfers from the Ronin chain to Ethereum and back.

As Ronin developers explained, the attacker had used private keys to fake withdrawals, emptying the entire bridge of 173,600 ETH and 25.5 million USDC tokens in just two transactions. The hack was a bombshell that shook the entire Axie ecosystem and eroded investor confidence.

Back with a mission

However, Sky Mavis – the developer of Axie Infinity – committed to staying on his feet. After fixing the loopholes that caused the hack and raise With $150 million from Binance, Sky Mavis attempted to revitalize the Axie ecosystem. In May, the company released Axie Infinity: Origin.

1/ Axie Infinity: Origin is LIVE on Android mobile!

With 3 free starter Axies and this mobile version, Axie Infinity is now more accessible than ever!

Download herehttps://t.co/AKsLWujrP7

Whole storyhttps://t.co/T9DI6fheKh pic.twitter.com/Dlr1MqsxHU

— Axie Infinity (@AxieInfinity) May 12, 2022

Origin was intended to be the rebranded version of Axie Infinity to restore confidence in the platform and its ecosystem. Things weren’t so rosy, however. Weeks ago, reports confirmed that the platform had seen a decline in active users and NFT sales, with the first metric hitting 368,000 weekly – a far cry from the previous peak of 2.7 million weekly active users.

Battle Infinity – Blockchain Gaming’s new kid on the block

To be fair, it’s still too early to declare Axie Infinity dead. The blockchain gaming landscape has seen tough times along with the traditional crypto space. Players are waiting to see if coin prices will rise back up to attractive levels.

However, interested players will be looking for possible alternatives that could replace Axie Infinity as they hope to continue with the play-to-earn model. This is where Battle Infinity – a new gaming platform for sports fans – has the edge.

Based in India, Battle Infinity is a fantasy sports game that combines NFTs, Blockchain technology and even the Metaverse. It is similar to Axie Infinity in many ways. The main difference is that Battle Infinity has a focus on sports.

Battle Infinity has many features and facets. However, none is as prominent as the IBAT Premier League. The league allows participants to buy NFTs that represent real athletes and build their teams. As any fantasy league works, teams earn points based on the real-world performances of the players. At the end of the season, the team with the highest score is declared the winner.

Battle Infinity has several other impressive features – including a decentralized exchange called Battle Swap and a built-in NFT marketplace that allows for seamless trading of in-game assets. All of this is tied together through IBAT – the platform’s native token, which is currently available for pre-sale and is selling fast.

It’s easy to see why the excitement surrounding Battle Infinity is so high right now. The platform is based in India – a country of 1.4 billion people where the majority of the population is young and tech-savvy. And with the global fantasy sports room expected to meet With a valuation of $49 billion in 2027, Battle Infinity is in a perfect position to hit the market.

Based on reception, Battle Infinity is expected to be the next big thing in blockchain gaming. As the market continues to gradually turn bullish, IBAT is expected to meet massive investor demand upon its launch.

IBAT is available in advance until October 10th. The asset has an introductory price of $00015 and can be bought for a minimum of 0.1 BNB and a maximum of 500 BNB. IBAT also has a hard cap of 16,500 BNB.

Interested investors can purchase the asset by visiting the presale link. Just connect a wallet and buy the asset directly through BNB. If not, investors can add this contract address to their wallets: 0x5832e385f633b30519b3ecade3c5ed3d9881cf58

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The post Axie Infinity Origin – Can a restart succeed? Battle Infinity Fixes P2E first appeared on Business 2 community.

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