Sky Mavis, the corporate behind the favored play-to-earn (P2E) blockchain recreation Axie Infinity, has introduced a partnership with the Ethereum-based nonfungible token (NFT) assortment CyberKongz to create a extra complete gaming ecosystem for the Ronin blockchain.

Within the announcement, the corporate additionally teased the creation of a brand new recreation, although it solely supplied scant particulars concerning the upcoming recreation growth. Nevertheless, Kathleen Osgood, the pinnacle of enterprise growth at Sky Mavis, advised Cointelegraph in an announcement that the brand new recreation might be interoperable by integrating with current Axie Infinity experiences.

Aside from a brand new recreation, the announcement additionally highlighted that CyberKongz’s Play & Kollect recreation — a Polygon-based blockchain recreation that integrates soulbound tokens and permits gamers to gather NFTs from inside the recreation — can also be migrating to the Ronin blockchain. In keeping with the announcement, the transfer to the Ronin blockchain will enable CyberKongz to broaden its consumer base by accessing Ronin’s core gaming neighborhood.

Axie Infinity’s gross sales quantity soared in 2021 however slowed all through 2022 and 2023. Supply: CryptoSlam

Axie Infinity grew to become common in 2021 for introducing a brand new paradigm in gaming known as the “play-to-earn.” This allowed gamers to earn crypto tokens for taking part in the sport. The sport stays the highest mission by gross sales quantity, in keeping with the NFT knowledge tracker CryptoSlam. Alternatively, CryptoKongz additionally hit the headlines in 2021 for burning $4 million of Ether (ETH) in 5 hours throughout its minting occasion. 

Associated: Dota 2, Rocket League professionals ‘wish to discover’ Web3 and blockchain gaming

In comparison with the NFT craze in 2021, curiosity in blockchain gaming has been decrease lately, with some crypto-based video games like Neopets transitioning to a non-crypto method.

Earlier this yr, Aleksander Larsen, the co-founder of Sky Mavis, advised Cointelegraph that the play-to-earn mannequin “doesn’t work in its present state.” Larsen highlighted on Jan. 12 that video games should be enjoyable first and require a stable financial backing enabling gamers to earn.

Regardless of this, Osgood stays optimistic that the catalyst for the revival of the blockchain gaming house will come from a recreation or an expertise that “actually understands the underlying motivations driving customers in direction of Web3.”

In keeping with the exec, many groups inside the house have solely been attempting to repeat and paste what has labored in Web2. Nevertheless, Osgood believes this is not going to be the catalyst for explosive development. She defined:

“The potential to draw an enormous viewers lies within the modern method of leveraging Web3 as a brand new expertise whereas successfully tapping into customers who’re inherently drawn to its distinctive choices.”

Osgood additionally advised Cointelegraph that Sky Mavis has began to open up its infrastructure to the Web3 ecosystem by the Ronin blockchain. The exec stated this would possibly result in the creation of gaming communities which can be extra rewarding and longer-lasting.

Gather this text as an NFT to protect this second in historical past and present your help for unbiased journalism within the crypto house.

Web3 Gamer: Earn Bitcoin in Minecraft, BGA’s 50/50 gender break up, Oath of Peak sizzling take