Axie Infinity was created by a Vietnam-based startup called Sky Mavis Inc. as part of the rising play-to-earn gamer movement.

Axie Infinity's woes reflect several challenges that face the whole cryptocurrency market. This is a new and relatively untested technology that people are attempting to use for all kinds of purposes.

What happened There wasn't much memorable action in many cryptocurrencies this week, but Axie Infinity(CRYPTO: AXS) was an exception. The crypto, which anchors the non-fungible token (NFT)-based ...

‘Axie Infinity’ hack victims will only get back around a third of what they lost Sky Mavis will reimburse around $216.5 million after the price of Ethereum tumbled.

Axie Infinity’s play-to-earn model provides income opportunities, particularly in developing countries. Challenges like SLP inflation and sustainability raise concerns about its long-term ...