The game Axie Infinity, developed by Sky Mavis, was launched on the Apple Store in May 2023 with high expectations. However, the game has experienced a decline since its release. This is evident from the decreasing number of users and the disappearance of wallets from the platform, which has also impacted the number of transactions in Axie Infinity.
The purchase of in-game non-fungible tokens (NFTs) has decreased since the soft launch, with nearly 7,000 gamers joining despite the game being available in several locations, including Mexico, Colombia, Argentina, Vietnam, and Malaysia. Reports suggest that the growth is even less than this figure.
The specific reason for the game's lackluster performance since its launch is not yet public. While there are rumors, the exact reason is eagerly awaited by those observing from outside the community.
The success or failure of a game is often attributed to its gameplay, graphics, mechanism, level design, and storyline. Games like Axie Infinity delve deeper as they integrate with NFTs and digital tokens. The failure could be due to more options available in the market or the gameplay not delivering what it promised to the gamers.
Sky Mavis is expected to respond to the media statements soon. Only then can the reason for Axie Infinity's decline be understood. The company had previously called the launch of Axie Infinity: Origins a significant step, aiming to onboard more gamers and go mainstream. The company heavily relies on the Philippines, a strategy predicted to be disastrous if alternative territories are not explored.
New regions were supposed to reduce reliance but have instead added extra burden. CryptoSlam reported that NFT trading on the platform dropped to $1.4 million in May, down from the previously reported $2.1 million. This is a significant drop from the $700 million recorded during the Covid-19 pandemic.
DappRadar confirmed the decline, stating that the number of digital wallets has dropped by approximately 19% in the last 30 days. The volume of transactions and trading is also down by 30% for the last month.
As of July 2023, Axie Infinity has little reason to be optimistic about its numbers. However, a statement from Sky could change this if they introduce a revolutionary modification or update.
