- Sky Mavis, the creator of Axie Infinity, announced its partnership with the CyberKongz NFT project.
- The ecosystem was marked by a severe decline in the last year.
On 25 July, Sky Mavis, the company behind popular play-to-earn game Axie Infinity [AXS], announced its newly formed partnership with the CyberKongz NFT project to introduce a profile picture collection (PFP) to the Ronin blockchain [RON] for the first time.
According to the press release, Sky Mavin noted that CyberKongz’s Genkai NFT collection would hold its mint on 27 July at the Mavis Market, an NFT marketplace on the Ronin blockchain.
Kongz and @Ronin_Network are joining forces ⚔️
With our shared history and aligned values, this partnership will not only push us forward, but the web3 space as a whole.
More details below ↓
[1/5] pic.twitter.com/tY9aPoFZDq
— CyberKongz (@CyberKongz) July 25, 2023
The decision to bring PFP NFTs to the Ronin blockchain for the first time ever comes at a period decidedly marked by a severe decline in PFP NFTs and the Axie P2E game.
Although the launch of Genkai in Axie Infinity has received positive feedback and acceptance from the community, a closer examination of Axie Infinity’s historical decline and the overall state of the NFT market raises questions about what can be expected after Genkai’s mint.
2018 – 2021: The years of plenty
Sky Mavis commenced development on Axie Infinity in 2018, but the play-to-earn project only became pop
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Author: Abiodun Oladokun
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