BTCS Inc Taps Axie Infinity intto its Blockchain Infrastructure Operations
Annie Li May 12, 2022 09:25
Digital currency ecosystem company BTCS, a pioneer in the blockchain and digital currency ecosystem, announced the addition of blockchain-based game Axie Infinity to its blockchain infrastructure operations.
Digital currency ecosystem company BTCS, a pioneer in the blockchain and digital currency ecosystem, announced the addition of blockchain-based game Axie Infinity to its blockchain infrastructure operations.
Blockchain gaming enjoys popularity nowadays. According to its statement, player ownership can allow the community to reward players to earn "actual monetary value" when they reach a higher level in the game, which is different to traditional video games, fulfilling the goal of "play to earn".
The company said BTCS has completed the technical job of running Axie Infinity validator nodes, while including it in the Staking-as-a-Service platform.
BTCS pledges 28,794 AXS, allowing users to entangle a corresponding percentage of their annual income in pledged tokens, yielding compound rewards.
BTCS CEO Michael Prevoznik said: “We believe that blockchain gaming can shape the future of the entire gaming industry with Ethereum-based games like Axie Infinity leading as frontrunners. Axie Infinity changes the way people play games, going from something that is just fun, to something that has actual monetary value.”
With over 29 million searches around the world, the game recorded the most number of searches in the past six months. The average search for other games hit 1.45 million.
The Axie Infinity game is one of its kind in the blockchain world whose success since inception has continued to trail the blaze across the board. Developed by Vietnamese studio Sky Mavis, Axie Infinity lets collect players, breed, raise, battle, and trade token-based creatures known as Axies.
In 2021, Axie Infinity’s non-fungible token (“AXS”) transaction volume reached total over $3.5B, accounting for two-thirds of the total transaction volume in the blockchain gaming space.
BTCS Inc. ("BTCS") is the first "Pure Play" listed company in the United States focusing on blockchain technology. The company secures blockchain through its transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast-growing multi-billion-dollar industry.
Image source: Shutterstock