Turn-based NFT monster-fighting game Axie Infinity is jumping into business with its colorful axolotl-inspired characters, releasing official merchandise and allowing owners of certain Axie NFTs to create and sell their own products.
A select 4,877 Axie NFTs holders will be able to create and monetize their own merchandise, user-generated content (UGC) and businesses using crypto and origin NFTs, Axie Infinity developer Sky Mavis announced Friday. Additional Axie NFT holders may be granted similar capabilities in the future.
“We want to lean towards ownable UGC, but we also want to do it over and over again,” said Jeffrey “Jiho” Zirlin, co-founder of SkyMavis. Decrypt In a message, when asked why the group chose to lift the ban for the two groups.
Mystic and Origin Axie owners can now use their NFT characters as mascots to start their own businesses. The Axie team suggested that for the lifted restrictions, owners could start Axie-themed cafes, comics, restaurants or toy collections.
But it is worth noting that at least for the time being, the trade bans were lifted in less than 5,000. 11.9 million Total Axie monster NFTs—that's only 0.04% of all Axie NFTs, according to Axie Marketplace data.
And just in time for the holidays, there's now an official Axie Infinity merchandise store selling Squishmallow-style plush toys, a $300 figure, branded hoodies, t-shirts and baseball caps.
Known as the “>code: axie_” collection, the apparel was inspired by the first Axie mint in 2018, where buyers purchased Axies without art attachments. Instead, their NFTs displayed code.
“We want to do more merchandise,” Sirlin said of the group's plans to expand the new store. We tested several designs and prototypes before settling on these initial launch sets, but we have some ideas for new things to try in 2024.
Buyers can pay in crypto or fiat currency, and Sky Mavis is offering the first promise. 5,000 buyers Free Axie NFT as well as entered to win one of three secret Axie NFT. Using fans in the Philippines Grab the app According to the statement, one can earn Grab Points and Axie Merch discount codes for clicking on in-app ads that redirect to the Axie Merch store.
People who pay in cryptocurrency can unlock more rewards and get specials to reach $10, $50, $100 and $1,000. Badgeplus and other rewards.
Sky Mavis allocates 20% of all profits from merchandise sales Axie Community TreasuryIt was created to encourage community-based decision-making and “progressive decentralization”. The team has also released some image files for 12 different Axies online for free.
Axie Infinity is the most successful NFT game to date, growing in popularity by 2021 with millions of active players generating more than $4 billion worth of NFT trading. The acquisition game progress has quieted down in early 2022, but Sky Mavis continues to build the Axie ecosystem while developing the Ronin Chainchain network for Ethereum.
Accie's move to free use of its IP echoes previous NFT collections, as Yuga Labs' Bored Up Yacht Club and Cryptopunks have similarly granted owners commercial exploitation rights to select NFTs they own. That approach has spawned a number of real-world monkey businesses, from “monkey water” to bagels, hot sauce and California Burger Restaurant.
Edited by Andrew Hayward.
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