Sky Mavis is Investing $2.4 Million into Axie Infinity Esports in 2023
Colin Smith — September 13, 2022 — Tech
References: skymavis & venturebeat
Sky Mavis, the developer behind the successful creature-collecting NFT game 'Axie Infinity,' announced that it is investing $2.4 million USD into Axie Infinity esports through 2023. The company will host a number of tournaments and events on its latest title, 'Axie Infinity: Origins,' with each event rewarding the participants with AXS, the cryptocurrency used in game.
In total, Sky Mavis is paying out 160,000 AXS, which equals roughly to $2.4 million USD. The developer stated that this prize pool will be split amongst different regions, skill levels, and demographics, allowing all fans of the game to have a shot at winning some money, regardless of location or personal skill level.
The events will be separated into Major Tournaments, which pay upwards of $1 million USD, Minor Tournaments, which pay upwards of $200,000 USD, and local tournaments, which pay up to $9,999 USD.
Image Credit: Shutterstock
In total, Sky Mavis is paying out 160,000 AXS, which equals roughly to $2.4 million USD. The developer stated that this prize pool will be split amongst different regions, skill levels, and demographics, allowing all fans of the game to have a shot at winning some money, regardless of location or personal skill level.
The events will be separated into Major Tournaments, which pay upwards of $1 million USD, Minor Tournaments, which pay upwards of $200,000 USD, and local tournaments, which pay up to $9,999 USD.
Image Credit: Shutterstock
Trend Themes
1. NFT Gaming Tournaments - Investing in NFT game tournaments can increases player engagement and revenue while promoting the unique features of the game.
2. Cryptocurrency Prize Pools - Offering cryptocurrency as tournament prize pools helps to further establish the value and use of cryptocurrency in the gaming industry.
3. Inclusive Competition - Hosting tournaments for different regions, skill levels, and demographics can lead to a more diverse and engaged player base.
Industry Implications
1. Gaming - The growth of NFT gaming and cryptocurrency prize pools presents new opportunities for revenue and community-building in the gaming industry.
2. Cryptocurrency - Investing in NFT games and gaming tournaments can bring greater visibility and mainstream adoption of cryptocurrency, as well as creating new use cases for it in gaming.
3. Esports - The growth of NFT gaming tournaments can expand the esports industry and lead to more inclusive competition for players of different skill levels and backgrounds.
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