September 27, 2021

Axie Infinity creator calls GameFi the key to cryptocurrency adoption

Axie Infinity creator calls GameFi the key to cryptocurrency adoption

Cryptocurrencies are still not widespread, but the GameFi (Game Finance) segment could become its catalyst. Jeff Zirlin, co-founder of Sky Mavis, developer of the popular blockchain game Axie Infinity, said this at the Mainnet conference.

As part of the conversation, the top executive revealed his vision for the future development of the project, which has a daily audience of more than 1 million users and $2.1 billion in sales.

In the next six months, we are modernizing the combat system. We are preparing DEX. After that, we aim to move Axie to managed and community-owned game status, Zirlin shared

Through DEX, he said, players will be able to determine the developers and features to be implemented. The project's roadmap involves delegating authority to AXS management token holders.

The Sky Mavis co-founder also announced Axieland, similar to the popular strategy game Clash of Clans for mobile devices. It will also involve gathering resources, building cities and fighting for territory.

Zirlin expects increased competition in the space with the arrival of new games from indie developer studios. They will have an advantage in speed of implementation, he said.

Recall that in September, the investment arm of Huobi Group announced the launch of a new $10 million fund to invest in promising projects, Game Finance.

According to DappRadar, DeFi's share of tracked dapps traffic dropped from 45% to 18% from May to August, losing to projects in the GameFi and NFT segments (45% and 41%, respectively).

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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