Sky Mavis, the developer behind the successful creature-collecting NFT game 'Axie Infinity,' announced that it is investing $2.4 million USD into Axie Infinity esports through 2023. The company will host a number of tournaments and events on its latest title, 'Axie Infinity: Origins,' with each event rewarding the participants with AXS, the cryptocurrency used in game.
In total, Sky Mavis is paying out 160,000 AXS, which equals roughly to $2.4 million USD. The developer stated that this prize pool will be split amongst different regions, skill levels, and demographics, allowing all fans of the game to have a shot at winning some money, regardless of location or personal skill level.
The events will be separated into Major Tournaments, which pay upwards of $1 million USD, Minor Tournaments, which pay upwards of $200,000 USD, and local tournaments, which pay up to $9,999 USD.
Image Credit: Shutterstock
Why This Trend Is Growing
- NFT Gaming Tournaments
- Investing in NFT game tournaments can increases player engagement and revenue while promoting the unique features of the game.
- Cryptocurrency Prize Pools
- Offering cryptocurrency as tournament prize pools helps to further establish the value and use of cryptocurrency in the gaming industry.
- Inclusive Competition
- Hosting tournaments for different regions, skill levels, and demographics can lead to a more diverse and engaged player base.
Industries Being Reshaped
- Gaming
- The growth of NFT gaming and cryptocurrency prize pools presents new opportunities for revenue and community-building in the gaming industry.
- Cryptocurrency
- Investing in NFT games and gaming tournaments can bring greater visibility and mainstream adoption of cryptocurrency, as well as creating new use cases for it in gaming.
- Esports
- The growth of NFT gaming tournaments can expand the esports industry and lead to more inclusive competition for players of different skill levels and backgrounds.
