The post Crypto Gaming Update: Exploring Axie Infinity Developments and W-Coin’s Unique Token Burn Strategy appeared on BitcoinEthereumNews.com.

This week in crypto and NFT gaming saw significant developments, particularly from industry leaders and innovative gaming platforms. Sky Mavis, known for the popular game Axie Infinity, has undertaken a substantial workforce reduction, indicating strategic shifts aimed at long-term growth. Co-founder Nguyen Thanh Trung emphasized that the layoffs are not a reflection of the company’s financial health but rather a recalibration for future expansion. Discover the latest updates in crypto and NFT gaming this week, including major changes from Sky Mavis and emerging trends in the gaming ecosystem. Sky Mavis Reduces Workforce as Part of Strategic Shift In a surprising announcement, Sky Mavis, the creator behind the renowned Axie Infinity and the Ronin Network, confirmed it has laid off 21% of its workforce. Co-founder Nguyen Thanh Trung described this decision as challenging yet necessary for aligning the company’s future objectives. Highlighting a commitment to focus on their key development areas such as the Ronin wallet, Mavis marketplace, and a new game slated for release in Q1 2025, Sky Mavis aims to position itself for significant growth in the coming years. The strategic cuts are intended to streamline operations and enhance their focus on products that truly matter to their community. W-Coin’s Inactivity Penalty Revealed Ahead of Airdrop Recent updates regarding the W-Coin gaming ecosystem have set a new precedent for tap-to-earn games. In an effort to foster active user participation, W-Coin has introduced a stringent rule: players who remain inactive for three consecutive days will incur a daily penalty that erodes their token supply by 5%. This policy contrasts sharply with typical industry standards, where inactivity policies tend to be more lenient. Developers argue that this is a necessary measure to ensure an engaged player base ahead of its upcoming airdrop on The Open Network (TON), set to launch this…

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Filed under: News - @ December 2, 2024 12:17 am