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Axie Infinity Unveils Season 0 With High Expectations – Will It Pull AXS Up?

Christian Encila
Christian Encila
2 years ago
3 mins read
Axie Infinity

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The most recent roadmap of Axie Infinity states that the start of Origin Season 0 signals the entry into Phase 3.

The recent market negative heat has been felt by Axie Infinity. Following the release of the most recent news, the GameFi-based protocol has been rather active in the Twitter conversation boxes.

Sky Mavis created the play-to-earn game Axie Infinity. They recently revealed Season 0, which will last for one month. The launch will celebrate the improved gaming environment of Axie Infinity. 

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Launch Of Axie Infinity Origin Season 0

New upgrades for the revamped gaming experience on Axie will be welcomed with this launch. The fresh launch attracted traders’ attention on August 24 as AXS surged on the daily chart.

As a result, the Axie Ecosystem’s native token, AXS, had a spike on August 24, giving the news a lot of traction among traders.

Despite the optimistic activity on AXS, worries regarding the gaming sector in DeFi persist. After reaching its top in mid-2021, GameFi has still been hurt by the start of the cryptocurrency bear market.

More so, the user statistics collected by Axie for this course further reflects this. In recent weeks, the number of daily new accounts has fallen to below 100. This is a far cry from the peak it reached in July and August of 2021.

AXS Price Plunges By 9.41%

According to CoinMarketCap, AXS price nosedived by 9.41% or trading at $13.39 as of this writing.

AXS price benefited with an uptick due to the Origin Season 0 launch but it was just a short rally.

Despite a bull run in the Axie ecosystem, there remains some skepticism in the DeFi gaming industry.

After becoming active in the middle of 2021, GameFi has suffered severe blows since the start of this crypto winter. Additionally, the expansion of Axie’s user base has been hampered by this.

But with the introduction of Season 0, the ecosystem is working harder to get back on course.

Smooth Love Potion (SLP) prizes were added to the Origin playtime and completely removed from the Classic according to Axie Infinity (v2). 

In addition, the users of SLP tokens can also construct NFT Runes and Charms as well as Moon Shards on Ronin, which the players will also have access to.

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Despite Axie Infinity’s inability to attract new players, loyal players continue to support the system. After Season 0’s introduction on August 12, the protocol’s user base experienced a tremendous growth, reaching 79.5K members.

Users have great expectations of the developers as the game will introduce a new armory.

AXS, the local token, was seen ascending the cliff. But market attitudes alone are to blame for any price changes. The crypto market is currently making an effort to stabilize amidst the current turmoil.

There are now huge hopes for the new armory that Axie is attempting to construct.

With the news’s dissemination, the attitude for the token has also improved. However, the general market attitude, which is still unstable, ultimately determines token movements.

Crypto total market cap at $946 billion on the weekend chart | Source: TradingView.com

Featured image from BSC News, Chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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