CyberKongz will launch a new non-fungible token (NFT) collection, Genkai, on Axie Infinity’s Ronin sidechain this Thursday to boost volumes amid a broader slump in the NFT market.

Axie players will receive one of 4,000 Genkai NFTs each for each Mystic Axie they own.

CyberKongz Genkai NFTs Looks to Piggyback Off Axie’s Popularity

CyberKongz will mint 4,000 Genkai tokens on Axie Infinity’s Ronin sidechain that bridges to Ethereum. The assets will be available on the Mavis Marketplace.

In addition to the Ronin mint, CyberKongz will release 16,000 additional tokens in the ape-themed collection on the Ethereum mainnet. Eventually, the company plans to develop its own Genkai game in partnership with Axie Infinity developer Sky Mavis.

The move from CyberKongz comes as volumes slumped to around $260,000 in June from a $48 million peak in October.

At the same time, Axies remain the best-selling collection of all time. This despite recent monthly sales c

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Author: David Thomas

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