Long-Term Stability Projects like Axie Infinity and Pixels achieved significant early scale by distributing...Meanwhile, Axie has lost close to 90% of their userbase (2.7M MAU -> 350k DAU) with revenue dropping...The Axie hype resulted in massive capital inefficiencies leaving the Web3 gaming space plagued by poor...

...ecosystem, Pixels saw incredible user growth, surpassing 1M DAU in May by successfully re-activating many Axie...Since the Axie hype, countless teams have entered the space, further diluting the available pool of liquidity...Axie pioneered this past cycle, and now our eyes turn toward potential candidates who may lead the charge...

Axie Infinity transformed what CryptoKitties and similar early iterations had conceptualized in the years...After Axie, the market diverged into two distinct paths: Web2.5 Games: Projects explicitly attempting...

In the 4 years since Axie Infinity sparked a gaming hype cycle drawing in over $4B of investment, few...is one of the highest-earning applications in crypto, and the most successful consumer product since Axie...

...shortly after the Pixels migration, which proved Ronin’s ability to support growth beyond the core Axie...This is not necessarily bad, as the 2021 post-Axie FOMO resulted in many overfunded teams with little...this occurred: the mania in H2 2021 and an even larger explosion of wallets in H1 2024 coinciding with Axie...

So the story of Ronin really starts with Axie Infinity. And so Axie....So within six or nine months of deploying, um, Axie onto Ronin, Axie went from 19, 000 DAU to 2. 8 million...So, like, you know, Axie and Pixels both hit millions of, uh, DAU....Um, so, you know, in the early days of Axie, it was like, okay.

Established Top Networks Ronin Ronin continues to lead in player engagement, leveraging Axie Infinity...

Years after Axie Infinity first brought blockchain gaming to the broader public’s attention, the number...

GOLD does have a very high FDV (in the trillions), and high emissions, so this could play similarly to AXIE...

...and web free gaming in 21, we started to discover two communities in particular, Splinterlands and Axie...Uh, we saw a sliver of that, I believe with Axie and in the last cycle that there were individuals that...that’s the biggest lesson we learned from just observing 2021 and 2022, is there’s some games like Axie...

When I saw Axie, right, and Ronin, and let’s call it the first cycle of gaming really take off, I felt...

Through our early work and investments with teams like Axie Infinity, Yield Guild, and Immutable – we...

...that don’t know the, the thesis behind like, you know, the quote unquote Ronin effect is essentially Axie...

(a recently settled case), a handful of gaming tokens (Decentraland’s MANA, The Sandbox’s SAND, and Axie...an ecosystem, and with Ronin’s current value proposition, it is well-positioned to capture the next Axie...As demonstrated by Axie Infinity and Ronin, an empowered community has the potential to act as an effective...

What originated as a necessary piece of infrastructure to cope with Axie Infinity’s rapid scale, Ronin...Admittedly, many have stuck around Ronin for Axie, with the most recent season of Origins (season 6)...past 90 days) and ~130k daily transactions (note that this does not account for the F2P players of Axie...

...prospect for crypto, having invested in 50+ projects over the past 5 years leading all the way back to Axie...

$660M in tokens, two new token standards aim to advance NFT utility, exciting updates from Magic Eden, Axie...In more recent RON-related news, on May 17th, Sky Mavis announced that Axie Infinity: Origins would launch...As mentioned earlier in the report, Axie Infinity recently launched Origins in select Apple App Stores...

On May 17th, Axie Infinity released Origins in the Apple App Store, which caused AXS to rally 8% within...Sorare, NBA Top Shot, and Axie Infinity had combined volume of $15M USD, almost 7x smaller in comparison...Since its inception, Axie Infinity and NBA Top Shot have generated over $4B and $1B, respectively.

...design models, such as CryptoKitties in 2017, the NFT breeding game that took over Ethereum, and later Axie...

Axie Infinity Next up is AXS, one of the early pioneers in blockchain gaming and one of the first blockchain...