Sky Mavis will shut down Axie Infinity’s Classic version after June 24, 2026, to focus resources on Axie Infinity Origin.
This change reflects the Web3 gaming sector’s volatility and could impact GameFi market dynamics, affecting token values like AXS and player engagement levels.
Axie Infinity V2 Ends Amidst Decline in Players
The decision has led to diverse reactions within the gaming community. Many players are migrating to Axie Origin for team play, signaling possible shifts in user engagement metrics and longer retention potential for Sky Mavis’ products.
Affected tokens like AXS have seen a decline of around 99% from their 2021 all-time high. With halted SLP emissions, the decision aims to disrupt bot farming and boost long-term player involvement through strategic tokenomics changes.
Diverse Reactions as Players Shift to Axie Origin
Past Web3 games like Plant vs Undead and CryptoCars illustrate the volatility in the crypto gaming sector. Both suffered significant setbacks due to hacks and eroding trust, leading to almost entire token value losses.
Relying on historical trends, experts suggest that Axie Infinity’s restructuring might stabilize its position in the evolving GameFi realm. Analysts emphasize the importance of adapting to market seasonality and addressing engagement issues for long-term survival.
Web3 Game History Highlights Sector Volatility
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