Axie Infinity to Implement Ethereum Proof of Stake

Following the Ethereum Merge, Axie Infinity and Ronin Bridge will implement Ethereum Proof of Stake (ETHPoS), according to a message made on Tuesday by the Axie Infinity team. Axie Infinity will close the Ronin bridge 24 hours just before the Merge and reopen it once we have received confirmation of support for the Merge to protect the Merge’s integrity.

Additionally, ETHPoW (Ethereum Proof of Work) support won’t be offered. Customers are urged to change their Ronin WETH into Ethereum before the Ronin bridge is shut down to get exposure to ETHPoW.

Anyone can earn token rewards for playing skillfully and enhancing the ecology in the virtual pet universe known as Axie Infinity on the Ethereum blockchain. It draws inspiration from the Pokémon brand. The Vietnamese gaming studio Sky Mavis, which Trung Thanh Nguyen and Aleksander Larsen also co-founded, was released in 2018. In an open-ended customizable gaming universe, players can exchange their Axies and other tokenized in-game goods like plots of land. The platform offers several tools that users may use to customize their game experience and find new ways to contribute to the Axie Infinity universe. 

Online games based on non-fungible tokens have become increasingly popular since 2017, but their stratospheric climb has only begun. Axie Infinity enables users to acquire, breed, battle, and trade virtual beings called Axies, similar to games like CryptoKitties (the game that started the NFT gaming frenzy).

Each Axie is a distinct NFT that may be crossed to create new Axies or traded through a P2P Axie market within the game. Axie Infinity Shards (AXS) and Smooth Love Potions are two ERC-20 tokens that players may use to make money in addition to raising and trading Axies (SLP). As the primary Axie Infinity coin, AXS serves as the game’s primary governance system, allowing users to shape the direction the platform takes.