Sky Mavis, the company behind the popular play-to-earn (P2E) blockchain game Axie Infinity, has announced a partnership with the Ethereum-based nonfungible token (NFT) collection CyberKongz to create a more comprehensive gaming ecosystem for the Ronin blockchain.
In the announcement, the company also teased the creation of a new game, though it only provided scant details about the upcoming game development. However, Kathleen Osgood, the head of business development at Sky Mavis, told Cointelegraph in a statement that the new game will be interoperable by integrating with existing Axie Infinity experiences.
Apart from a new game, the announcement also highlighted that CyberKongz’s Play & Kollect game — a Polygon-based blockchain game that integrates soulbound tokens and allows players to collect NFTs from within the game — is also migrating to the Ronin blockchain. According to the announcement, the move to the Ronin blockchain will allow CyberKongz to expand its user base by accessing Ronin’s core gaming community.
Axie Infinity’s sales volume soared in 2021 but slowed throughout 2022 and 2023. Source: CryptoSlam
Axie Infinity became popular in 2021 for introducing a new paradigm in gaming called the “play-to-earn.” This allowed players to earn crypto tokens for playing the game. The game remains the top project by sales volume, according to the NFT data tracker CryptoSlam. On the other hand, CryptoKongz also hit the headlines in 2021 for burning $4 million of Ether (ETH) in five hours during its minting event.
Related: Dota 2, Rocket League pros ‘want to explore’ Web3 and blockchain gaming
Compared to the NFT craze in 2021, interest in blockchain gaming has been lower recently, with some crypto-based games like Neopets transitioning to a non-crypto approach.
Earlier this year, Aleksander Larsen, the co-founder of Sky Mavis, told Cointelegraph that the play-to-earn model “does not work in its current state.” Larsen highlighted on Jan. 12 that games must be fun first and require a solid…