— Axie Infinity (@AxieInfinity) April 6, 2022 ‘Hardest stretch of our four-year journey’ The compensation fund is relieving news for Sky Mavis, Axie players/investors and the GameFi space at large, seeing as the popular gaming project remains the sector’s biggest with a market cap of US$4.2 billion. ... Is this cryptocurrency's 2008 financial crash moment? Citing "Ethereum network congestion," Axie Infinity announces an ethereum side chain, Ronin. ... Disclaimer: Please note that anything written in this document should not be taken as financial advice. Read the latest Axie Infinity (AXS) headlines - updated 24/7/365. Key Insights: Going forward, Sky Mavis will be ramping up validator nodes to 21 in 3 months, with a long-term target of 100 nodes. The latest crypto hack has targeted a gaming-focused blockchain network that supports the popular video game Axie Infinity. [1] 2. Ronin was a centralized server (therefore fast and cheap) authorized to make Ethereum Mainnet transactions. “The evolution of blockchain games” report, which discusses play-to-earn (P2E) as a new paradigm for gaming, is available on the Cointelegraph Report Terminal to purchase. U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month. Any use or reliance on our content is solely at your own risk and discretion. Use Ronin Wallet to: - Manage your digital identity and experience 100% true ownership of your assets. If you are new to Axie Infinity, do read our guides on How to Get Started with Axie Infinity and How to Play Axie Infinity. Dusk, Dawn, and Mech are the three “Secret Classes” in Axie Infinity. Per the post, the majority of the funds are being held in this Ethereum address. ... 2021 Yearly Cryptocurrency Report ... No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. 5) P2E Games: Ancient8’s investments and participation within play-to-earn games have mainly revolved around Axie Infinity, Thetan Arena, and Cyball, but their commitment to the play-to-earn scene has allowed them to further expand into Sipher, Summoners Arena, and Elpis Battle.. 6) DAO/Guild Structure: Ancient8 is currently building towards a DAO, as it aims to be … Convert Axie Infinity (AXS) to Philippine Peso (PHP). Sky Mavis is … A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency. The report found more renewable energy was added to the grid in 2021 than ever before, with 295 gigawatts of renewable capacity coming online despite pandemic-related supply chain issues. 1. The blog post said that Sky Mavis "discovered the security breach on March 29th, after a report that a user was unable to withdraw 5k ETH from the bridge." North Korean hackers moved $4.5 million of Ethereum currency on Friday, part of a $600 million haul they stole from the Axie Infinity video game. This extension allows users to play Axie Infinity and other decentralized applications running on Ronin, an Ethereum sidechain built specifically for Blockchain games. Sky Mavis, makers of the crypto "play-to-earn" game "Axie Infinity," announced on Wednesday it had raised a $150 million investment. These financial systems are inscrutable and the problem is getting worse. Secrets of the secret classes. Axie Infinity is one of the more notable play-to-earn games based on blockchain technology. Ronin was created by Sky Mavis, the developer of Axie Infinity. Nearly 60,000 people are now playing Axie Infinity, Axie's head of growth Jeffrey Zirlin told CNBC. The US sanctions cryptocurrency mixing service Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, the first time the US sanctioned a mixer — The U.S. Treasury Department on Friday sanctioned a cryptocurrency mixing service for the first time, citing evidence that it was used … Ronin Wallet is your boarding pass to a new digital nation. Axie Infinity, a cryptocurrency and NFT "play-to-earn" game from studio Sky Mavis, was facing an inflationary financial crisis even before being hacked late last month. As Axie Infinity: Origin is a completely new and fresh experience, we’ve implemented new onboarding tutorials that will help even our most experienced players as they dive headfirst into the game. ... Blockchain games register impressive performance amidst security, economic and geopolitical challenges: Report Crypto News Flash 08:18 21-Apr-22. Secret class Axies are hard to breed, and there are no secret class cards. euronews 14:24 Terra Luna. 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