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Apple NFT Milestone Spurs an 8% Price Boost for Axie Infinity’s Token

NFT Evening | | May 18, 2023

Axie infinity on apple marketplace - Apple NFT Milestone Spurs an 8% Price Boost for Axie Infinity's Token

Popular play-to-earn crypto/NFT game Axie Infinity has made a major move by releasing ‘Axie Infinity: Origins’ on Apple’s App Store.

  • 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.

See:  Apple Allows In-App NFTs But Levies 30% “Apple Tax”

  • 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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NCFA Jan 2018 resize - Apple NFT Milestone Spurs an 8% Price Boost for Axie Infinity's TokenThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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