![]() The hackers were linked to Lazarus Group, funded by North Korea. In March 2022, hackers compromised the Ronin Network, stealing approximately US$620 million worth of cryptocurrency from the project. The game's associated token, SLP, crashed in February 2022 amid a wider NFT and cryptocurrency crash, losing over 99% of its peak value. Īxie Infinity is built on the Ronin Network, an Ethereum-linked sidechain developed by Sky Mavis. This arrangement has been described as " digital colonialism". They act as low-wage workers for "bosses" who rent out Axies to them so they can grind in the game on the bosses' behalf. Īs of September 2021, most Axie Infinity players are from the Philippines. Sky Mavis charges a 4.25% fee to players when they trade Axies on its marketplace. ![]() These creatures can be bred and battled with each other within the game. Players of Axie Infinity collect and mint NFTs which represent axolotl-inspired digital pets known as Axies. Axie Infinity is a non-fungible token-based online video game developed by Vietnamese studio Sky Mavis, known for its in-game economy which uses Ethereum-based cryptocurrencies.
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