Axie Infinity Announced New Controversial Update, AXS Slides 7%

Axie Infinity announced a new controversial update and this sparked some debate on social media which ended up dividing the community into two sides as we can see more in our altcoin news today.

In a recent blog post, the developers of Axie Infinity announced a new update while saying that the game is the most traded NFT collection of all time and thanked the players for their achievement. Two weeks after this announcement, the team now said that the new 1.1.0 update will bring a change to the game’s dynamics but not too many people were pleased about this.

First on the list are the traditional tech changes. The Axie Infinity team made some changes to the Ronin Block Explorer along with a few bug fixes so it is important to remember that the growth lead Jeff Zirlin revealed that the team is working on a DEX tool to facilitate the exchange of tokens inside the Axie Infinity ecosystem. The changes will make it possible for the players to invite their friends to a new battle. And last but not least, there were a few changes to the game’s economy as the developers were busy trying to change the tokenomics of the game. The players and traders were granted the ability to stake AXS and now the new update will bring even more changes to the economics.

After the update, when someone sells on Axie, the monster level will be reset to level 1. the developers announced the decision to prohibit the players with less than 800 MMR from getting a reward for participating in the adventure and the arena modes. The decision will affect new and low-ranked players as well as those that have decided to focus on the adventure mode. The reactions to the updates were mixed but the public was quite annoyed. While some claim that these changes are a low blow against the SLP Farmers and bots, a huge amount of users complained that the developers are going to hurt the novice players which is something even more apparent considering that the lead velopers stated it is too hard to start playing the game today.

AXS seems to react well overall but there was a drop in the AXS token price right after the announcement. The governance token remained above the EMA 20 and the last daily candle closed with a red and a drop of 7.88%. SLP is the token that players receive as a reward for winning the battles and its price also crashed by 7.5%.