• Web3 Gaming Arrives:
  • The release of 'Axie Infinity: Origins' on Apple's App Store represents a significant milestone in the acceptance of blockchain-enabled applications in mainstream digital spaces.
  • This move not only has the potential to drive growth for Axie Infinity but also marks a crucial step in advancing the broader web3 gaming sector.
  • It's important for businesses in this space to understand the implications of this shift and consider the opportunities it presents in terms of reaching wider audiences and integrating with established platforms.

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• Apple's Revenue Share Challenge:
  • Apple's 30% revenue share for in-app sales could pose challenges for the profitability of blockchain-based games like Axie Infinity.
  • While Sky Mavis acknowledges this hurdle, it also presents opportunities for negotiation and potential policy changes surrounding revenue sharing in the context of crypto/NFT-based applications. This development indicates that businesses venturing into the web3 space need to weigh these considerations carefully in their monetization strategies.
• Cross-Platform Expansion:
  • Sky Mavis' launch of Mavis Market, an NFT marketplace on their native Ronin blockchain, alongside their Apple App Store release shows a focused approach towards expansion and user retention.
  • By creating an ecosystem where users can engage with their own and third-party collectibles, Sky Mavis aims to encourage more extensive user engagement and loyalty. This strategy underscores the importance of providing value across multiple platforms and leveraging blockchain technology to promote user ownership and participation, a defining characteristic of the web3 era.

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