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Gaming NFT

Axie Infinity is gearing up for major updates; more details

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NFT-based gaming giant, Axie Infinity has released its January journal on 16th January 2022, which teased some major updates. For one, the team is currently focused on building out the Project K trading feature that will facilitate players to trade various resources with one another. As per the blog post, the trading system will likely take more than a month to build. Concepts and 3D modeling for various assets such as buildings and items are also in progress.

Secondly, Origin [Battles V3] development has been pushing full steam ahead, with a target alpha test launch in the upcoming months. Most importantly, Origin will introduce new economic balancing features such as vertical progression of Axies which will provide much-needed sinks for the economy. 

Lastly, the online video game giant is also launching a balancing patch for Season 20 in the coming days. It revealed that the team is planning to release this patch prior to the release of the season to ensure sufficient time for play-testing.

Axie Infinity’s gaming sidechain is bigger than many major layer 1s

According to a new research report led by blockchain analytics firm Nansen, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain. And while that figure has since fallen back, the sidechain is still processing more than popular layer one networks such as Avalanche [AVAX] and Fantom [FTM].

Axie Infinity which is undoubtedly the crown jewel of crypto’s still-nascent “play-to-earn” field has raked in 2.8 million daily active users, which is why its sidechain Ronin is processing 40% more transactions than Avalanche, one of the most popular layer 1s by transaction volume.

In addition to that, Ronin users are engaging with advanced decentralized finance or DeFi functionality by depositing into trading platform’s liquidity pools and Axie’s staking module, despite having lower account balances- a trend that has a lesser possibility to follow on most layer 1s due to fees.

Can this partnership salvage Ubisoft from its recent crisis?

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Gaming giant Ubisoft has announced a collaboration with Aleph.im, a cross-chain decentralized storage solution, to onboard decentralized storage for its dynamic NFTs on its new blockchain-powered platform Ubisoft Quartz. On 21st December 2021, Aleph.im posted via Twitter that it would join hands with the gaming entity to provide a decentralized storage solution for Ubisoft Quartz in order to further incorporate nonfungible tokens [NFTs] into Ubisoft’s AAA games.

Through the partnership, players would be able to acquire dynamic NFTs called Digits on Quartz that can be utilized in Ubisoft’s Ghost Recon: Breakpoint. Both the parties claim that the partnership would ‘challenge traditionally static NFTs and enable the creation of dynamic NFTs with metadata that evolves as they transfer from player to player.’

Further, the blog noted,

“Aleph.im’s technology enables players to see the names and achievements of previous item owners, as well as item descriptions and videos. The advantages of aleph.im’s system includes securely storing the NFT metadata on a fully decentralized storage network of over 70 nodes, allowing all NFT ownership to be tracked on the Tezos blockchain.  For the first time in a mainstream video game, players will be able to claim playable NFTs that represent in-game assets such as weapons, equipment, and more.”

Ubisoft’s ongoing troubles

Earlier on December 7, 2021, Ubisoft launched its NFT platform and began offering tokens for its Ghost Recon franchise. Didier Genevois, Technical Director, stated in a recent interview that the firm will continue its plans to work with NFTs despite the backlash from the gaming community. Ubisoft’s Quartz announcement was received with negative reactions as a trailer amassed 95% dislikes on YouTube on Dec. 8. Many speculated the energy cost of crypto mining as the reason for the backlash. That being said, others perceived it to be a cash grab.

Its trouble does not end here. The gaming platform is currently facing a severe talent crunch as many of its employees tendered resignations owing to low pay and alleged misconduct. Despite the crisis, the gaming entity does not seem to have plans to abandon its blockchain ambitions and the recent announcement is a testimony to it.