Axie Infinity New Land Feature Burns Excess NFT Characters

Axie Infinity (AXS) turns two, becoming one of the biggest NFT markets. Planned Origin update expected in March.

Axie Infinity keeps trying to solve the problems with an oversupply of Axies and Smooth Love Potion (SLP). One of the tools for that is the option to “release” Axies into the wild, in exchange for rights to metaverse land plots. 

The LNY metaverse land plot items can already be claimed on the Axie Infinity marketplace. After a long campaign to release redundant Axies, the final count was 147,443. 

When a character is released, they still exist in the realm of Lunacia, but they can’t be used in battle, breeding, and cannot be resold on the market as an NFT. Essentially, they work like burned tokens, increasing the value of remaining rare and more overpowered Axies. 

Axie Infinity will also work toward introducing starter characters to boost free to play participation. Currently, the floor of new NFT Axies is extremely low. However Axie Trading remains highly active, and adds to the AXS treasury.

Despite recent setbacks, the Axie Infinity game has gone a long way in the two years since the project’s launch. Sky Mavis, the team behind the game, stated it plans to add its Origin update by the end of March. The Alpha release will offer a 3D battle and adventure environment to improve on the game’s experience.

Recently, the team also offered a sneak preview for the coming upgrade.

Ronin Blockchain Adds Users

The effect of the Axie game may be felt on the Ronin blockchain. This new solution removes the need for high fees when minting or moving Axies or in-game tokens.

RON stabilized around $2.42 after failing to rally this time, with most liquidity provided by the Katana exchange. 

Smooth Love Potion (SLP) slid further to $0.02 after getting close to $0.03. For now, the asset cannot break the slide despite a short-term pump as high as $0.04. 

Axie Infinity Shards (AXS), the voting token, hovered at $53.77, still pressured by selling and overall uncertain market conditions. 

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