Axie Infinity Partners with CyberKongz to Launch Blockchain Game Genkai
An official announcement from Sky Mavis illustrated that the team behind the famous Axie Infinity game inked a partnership agreement with the CyberKongz, a nonfungible token (NFT) collectible. The partners plan to leverage their expertise to create an innovative gaming ecosystem for the Ronin blockchain.
The Sky Mavis and CyberKongz developers plan to debut a new game, “Genkai.” In the announcement, the partners failed to disclose more detail on the new game under development.
Sky Mavis Partners with CyberKongz
In an interview with the local newsroom Sky Mavis’ head of business development, Kathleen Osgood confessed that the new game would be compatible with the existing Axie Infinity gaming ecosystem. She affirmed that the developers will utilize the Axie Infinity gaming experiences to create the new game.
The executive believes that blockchain gaming sector will regain vitality after the launch of a Genkai that will bring more players to the Web3 sector. In the latter Osgood criticized the gaming approach adopted by most companies.
Osgood noted that the existing games are based on the “copy and paste” approach aiming at experimenting with what will work on centralized platforms. She lamented that this approach would not lead to the massive growth of Web3 industry.
The executive affirmed that the potential to onboard a larger audience to the gaming sector lies in Web3 technologies. She explained that leveraging Web3 technology in gaming provides the users with endless benefits, including unique products, and boosts user experiences.
Gaming Companies Shifts to Web3 Sector
In addition, Osgood confirmed that Sky Mavis plans to utilize the Ronin blockchain to allow its infrastructure to support the Web3 ecosystem. The executive projects that by opening up Web3 infrastructures, the Sky Mavis group will be able to create exclusive gaming communities which are more beneficial and long-standing.
Beyond this, Syk Mavis and CyberKongz plan to migrate Play and Kollet (P&K) games to the Ronin blockchain. The P&K game is a blockchain-powered game positioned on the Polygon network.
The P&K game has lately gained popularity since it allows game enthusiasts to earn NFTs. Also, the said blockchain game offers the user soulbond tokens. A soulbond coin is a digital token representing a person or company’s history.
Furthermore, the partners plan to migrate to the Ronin blockchain, enabling CyberKongz to increase its user base. The report revealed that the impending transition to Ronin blockchain will enable CyberKongz to reach a large audience.
Significance of Lauching Play-to-Earn Games
In an earlier report, the co-founder of Sky Mavis Aleksander Larsen, confirmed that the play-to-earn games fail to work in their existing gaming ecosystem. The official explained that launching P2E games requires the firms to invest heavily to allow players to earn rewards. Larsen added that games must incorporate enjoyable features to boost the gaming experience.
He recounted the Axie Infinity game has gained popularity through its P2E feature. Since 2021 the Axie Infinity game has allowed players to earn measurable tokens by playing.
According to CryptoSlam, an NFT data tracker, the Axie Infinity game remains among the best-performing games with a considerable sales volume. Besides the efforts made by Sky Mavis to dominate the gaming sector, the NFT craze overturned blockchain games in 2021. A recent study showed that interest in blockchain games has experienced slow growth compared to NFT.
In a Twitter statement, the CyberKongz artist and founder Myoo revealed that the new game will support the firm to broaden its geographical presence in Southeast Asia and Japan. He confessed that Genkai was the first “non-pixel” project he had ever created. The artist affirmed that CyberKongz will continue working with Ronin blockchain to develop Genkai’s core features.
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