Skip to main content

Players of Axie Infinity can now enjoy land staking

Axie Infinity has recently announced the implementation of a Land staking feature in its gaming ecosystem following the reopening of its ETH-RON bridge. Users can now stake their Land and receive rewards, which, according to Sky Mavis, is progress toward attaining purposeful decentralisation as well as a step toward providing Land NFT holders in the game with a "engaging, beautiful, and rewarding" experience.


11,194.62 AXS will be made available for land staking each day, with the quantity of AXS given to each participant depending on the rarity of the staked land. Users may stake a total of three Land plots in a single transaction.


The company claims that the introduction of land staking expands the utility of the asset well beyond its initial description as merely a resource base for AXS (the game's governance token) capabilities. However, due to its complex structure, its initial technical endeavours demand intentional attention and development that can only be implemented gradually.


Sky Mavis has also placed a strong focus on the launch, stating that if any sort of Land gameplay is made available and simultaneously supports token incentives, Land staking rewards would then be given out via gameplay. The same holds true for Origin, AXS, and any other staking experiences in the future.


Overall, the game views the enhancement to the Land Experience as a method to reward individuals who have purchased Land plots by enabling them to grow their AXS ownership as a "temporary, gradual step toward Project K's release."

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Samsung has released the Roblox world's "Space Tycoon" Metaverse Experience

Users in Space Tycoon can create a variety of Samsung items utilizing resources they've unearthed in Roblox. Samsung Electronics has announced Samsung Space Tycoon, a brand-new Roblox experience that takes place inside the Roblox game universe. Users can develop and play games, share their experiences using Samsung devices with alien space characters, and play games in the virtual world. The "tycoon" genre of business simulation games can also provide them with design and functionality cues. According to a notice published by Samsung, Space Tycoon was built specifically to appeal to Gen Z users. Users may customize and enjoy their Samsung items thanks to the service's integrated metaverse experience. They want to provide a possibility for our Gen Z customers to use Samsung products in a way they have never done before. We'll keep showcasing material that gives our present and potential customers more enjoyable and valuable digital experiences.     The recently re...
Post a Comment
Read more

This year, hackers have already cost Web3 projects billions

Flash loans have also caused significant harm, along with phishing and vulnerabilities. In the first half of 2022, hackers and con artists were able to steal more than $2 billion from Web3 projects, surpassing the total lost in 2021. While viruses, hacks, frauds, phishing, identity theft, and other social engineering attacks are all pretty popular among threat actors, a new threat that has emerged and become quite the monster is flash loan attacks, according to a report from CertiK. A flash loan is exactly what it sounds like; it's a loan that may be obtained and paid back quickly. However, considering that people can obtain huge sums of money through flash loans, these can be abused to attack certain protocols and syphon off money. Loss of millions The Beanstalk procedure experienced a similar occurrence in April 2022. Voting rights are granted to BEAN token holders in large quantities, letting them to decide on significant decisions like money withdrawals. An attacker was able to...
Post a Comment
Read more

A Massive ETH Upgrade Is On The Way - Devs

The merger aims to address network scalability difficulties. The ETH merging is currently scheduled for September 19. The current ETH price is $1,372.57. Ethereum (ETH) developers are proposing a conditional timeframe for the brilliant agreement stage to be translated into their proof-of-stake system. Tim Beiko, the Ethereum centre creator, stated that the ETH blend is currently planned for September 19. Beiko's timeline was shared by another ETH designer, who noted that the timeframe for the consolidation isn't set in stone. The platform will eventually be capable of handling 100,000 transactions per second The anticipated event will enable Ethereum's mainnet to connect with its Beacon Chain, which is currently running a proof-of-stake system. The consolidation, which will result in Ethereum 2.0, attempts to address the organization's flexibility difficulties by paving the road for future improvements, such as sharding. According to Ethereum primary supporter Vitalik B...
Post a Comment
Read more