🎉 Funding Secured! Sky Mavis Series A

  • Axie is a genre-defining digital nation that’s jump-starting a mass migration towards NFT gaming.

Sometimes you’re so early to a market that you feel like you’re building for yourself and a few close friends. When Axie was born 3 years ago, almost nobody cared or understood what an NFT was.

We knew most of our players by name and Axie Discord felt like an intimate chat by campfire. How things have changed!

In retrospect, this was a crucial rite of passage for us and our battle-hardened community. It was dark and cold but the scar tissue is our secret weapon and that environment can never be recreated. In the beginning, we attracted a community of missionaries more interested in changing gaming than quick money.

These are our core beliefs:

  • NFTs enable new types of games: just as mobile gaming unlocked new design space and player archetypes, so too will NFT games. These games won’t look like the games of the past and will require an entirely new perspective and skillset to build.

  • Gamers crave property rights: property rights incentivize players to act more like founders and employees rather than users. These rights include: being able to sell your game assets to anyone in the world, earning liquid tokens for playing/contributing, and being able to own a piece of the game you’re playing.

  • Play-to-earn: unlocks new types of work around digital Metaverse economies, just as Uber, AirBNB, and DoorDash created new types of jobs and professions.

A New Age

From humble beginnings, Axie has grown to be the largest NFT gaming ecosystem with the metrics to prove it:

  • Over 41,000 daily active users + 45,000+ Axie holders

  • Over 15 M USD in monthly NFT volume.

  • A fully diluted market cap of over 2 Billion USD.

  • The #1 NFT game and one of the most used applications on Ethereum.

This is just the beginning of a long and fascinating journey. The next steps involve:

  1. Lowering barriers to entry. It’s still too hard to get started with NFT games. So we’ve built  Ronin, an Ethereum sidechain tailor-made to scale Axie Infinity and other digital nations moving forward.

  2. More fun. We’ve already started hiring traditional game developers. Tesla was able to acquire the skills they lacked because their vision was huge and acted as a magnet for talent. Why wait for triple AAA game studios to catch on when we can simply hire their star talent? 

  3. Scaling play to earn. As an NFT game grows its community, advertisers and sponsors will start injecting capital into these ecosystems, making them even more attractive to gamers. This means that NFT games will benefit from network effects in a way that games have never been able to before.

🛡️ The Battle to Come

NFTs with utility and fun baked into them are an inevitable part of the future.

So far, we’ve been underfunded. We’ve been scrappy and this will always be a part of our DNA. Thankfully, this new funding round will allow us to be more aggressive with our hiring and our growth experiments. We anticipate Axie scaling to millions of users through:

  • A world class creator program that blends the best referral systems ever created and adds a touch of blockchain magic.

  • Free to play-to-earn will unlock millions of new users who will try Axie for the fun before making any economic decisions. Hundreds of thousands of users try to play Axie each month but give up due to all the steps.

  • User generated content will unleash the true potential of Axie. In the future, Sky Mavis will be one of many organizations building on top of Axie and Ronin. Axie will become a hive mind not limited by the ideas of a single central team.

Axie’s success will act as a magnet to attract more builders to NFT gaming. We’ll help these pioneers launch and scale their projects both technically using Ronin and by introducing our peerless community to their products.

This is the future we see ahead. It’s still so early, especially for NFT games which we believe require the most work but also have the largest potential.

To help summon this future we’re thrilled to share that we’ve raised 7.5 M USD through an amazing group of new community members.

We're hiring gritty, gifted, and persuasive missionaries to help us in this epic quest.

Apply Now

Here are some quotes from our awesome group of investors:

"Axie Infinity is at the intersection of gaming and NFTs, two of the fastest growing and most promising cryptocurrency use cases.  With over 30,000 daily active users, they have proven product-market fit and an incredibly passionate community.  We're excited to support Sky Mavis as they scale to the next 300,000 and then 3 million users."

- Ari Paul, CIO at Blocktower Capital

"The Sky Mavis team is pioneering community owned games. They have fostered a community of committed players because of their ability to provide true economic freedom within their ecosystem. We are thrilled to be investors in them and to be supporting their quest to showcase the power of player ownership."

- Jason Chapman, Partner at Konvoy

“Sitting at the intersection of digital play, property ownership, and the future of work—Axie Infinity is one of the most fascinating and ambitious gaming projects in the world. With over 30k DAUs and 40k Axie holders, and no signs of slowing down, we’re witnessing a powerful, community-run digital nation form in real time. We are excited to partner with Trung, Aleks, Jeff, and the rest of the stellar team at Sky Mavis as they scale Axie Infinity over the next decade.”

- Collab + Currency’s Derek Schloss and Stephen McKeon

I think Axie is an amazing platform. It's fun and engaging. It's a game you want to play for hours on end. Add the Axie economy and you have something special. I'm excited to be part of it.

- Mark Cuban

"We are excited to support the Sky Mavis team as they continue to build category defining games such as Axie Infinity and explore the intersection between gaming, social and digital ownership. Games with digital property rights and participatory economies turn users into owners and are spawning a new wave of experimentation and value creation."

- Libertus Capital

Want to write about Sky Mavis? Here’s a media kit.

👾 The Great Migration- Ronin Phase 2 is live!

ACTION REQUIRED: migrate your Axies and deposit your ETH/AXS/SLP to Ronin

  • Ronin phase 2 is live! You can now migrate your Axies to Ronin for a smooth breeding, token claiming, and marketplace experience!

  • Deposit ETH/AXS/SLP for use on Ronin here.

  • Visit our Migration FAQ if you have questions. If you need further assistance please join our Discord and use the #support-bugs channel.

Time’s up, let’s do this.

We’re proud to announce that Ronin phase 2 is live!

Ronin is bringing economic freedom to an entirely new generation of Axie players by streamlining user experience and reducing the burden of expensive gas fees. 

Building on Ethereum Mainnet is a bit like training inside the hyperbolic time chamber from Dragonball Z. We’ve had pressure weighing on us in the form of high transaction fees. This was good. In order to grow, we needed to be exceptional.

Now it’s time to see what we can do when we take our destiny into our own hands.

What this means:

You can now do up to 100 free breeds and marketplace actions each day (per address)! Each seed phrase can hold 20 addresses right now, so each seed phrase can do 2,000 transactions each day. We are working on expanding these limits.

For Scholarship Owners

  1. Make additional addresses under 1 seed phrase (the current limit is 20).

  2. Migrate each account to a separate address.

  3. If you have more than 20 scholars, please know that the limit will be increased. You have 1 month before your Ethereum Axies will stop being recognized within the battle application. For now, you can use multiple chrome profiles to have different instances of the wallet installed. Make sure to keep your seed phrase for each of these wallets safe!

Still have questions? Visit the Migration FAQ.

Read Migration FAQ

Please note that you will only be able to continue using your Ethereum Axies in-game for 1 month. After this 1 month grace period, you will not be able to use your Axies inside Axie games built by Sky Mavis such as the current Community Alpha.

👀 Key Changes

  1. The breeding fee has been changed from .005 ETH to 1 AXS. We will rebalance this aspect in the future based on market signals. The SLP requirements per breed are still the same, but we will be monitoring this closely and may adjust it after we have some new data. We discussed adjusting it to start off, but we want to gather some data first. The first adjustment might happen as soon as Tuesday.

    The AXS from the breeding fee from this point forward will be earmarked for the Community Treasury. This means that Sky Mavis no longer has centralized ownership of the breeding fee!

    There’s another breeding-related change that we’ll let you discover yourself!

  2. Axies no longer require transactions to grow from the juvenile stages. 5 days after an Axie is bred, you will click a button to morph you Axie from egg to adult. This means genes will be revealed after 5 days now. All current larvae are now eggs. All petites are now adults.

  3. Japanese Axies can no longer be bred. They are retired! 

  4. The old Axie contracts on Ethereum have been paused. This includes the marketplace contract, breeding contract, and morphing contract. The Axies you had listed for sale have been de-listed so you need to put them up again on the Ronin marketplace. The old Axie tokens are now non-transferable fossils that denote your participation in a golden age of NFT exploration. Less than 50,000 addresses will ever have these tokens serving as a badge of honor. Congrats!

    You will be able to migrate these old Axie tokens to Ronin at any time in the future, but they will stop showing up in-game on May 29th.

    If you’re a 3rd party developer and need guidance regarding tracking Ronin data or building tools please refer to this document.

  5. SLP has been re-branded to Smooth Love Potion. Turn on the Luther Vandross 😏

What’s Coming

Fiat Gateway- We’re working with a Fiat provider so you will be able to buy ETH and AXS directly through your Ronin wallet.

Mobile Migration- We’re working on a Ronin mobile application so those without access to computers can join us on Ronin!

A Ronin Dex- You need to be able to buy and sell SLP, AXS, etc on Ronin without having to send them to Ethereum or a decentralized exchange. This is one of our top priorities.

Ronin to Ethereum Bridge for Axies- You’ll be able to send your Axies back to Ethereum if you like in the future. Please note that the old Axie and marketplace contracts have been paused to prevent malicious activity. We decided to launch without this feature for now because we know our community has been hurting with the current system.

AXS Airdrop- We haven’t forgotten about this airdrop for our supporters. This reward will be sent to your Ronin wallets as we get closer to AXS staking. We always fulfill our promises.

Algorithmic Breeding Calculation- In the future we (along with governance perhaps) will use the amount of AXS and SLP required to breed to make sure that Axie population is growing at a healthy rate. The rate must be fast enough to accommodate new users but not so fast that owning a real Axie doesn’t feel special. The data gathering process for this starts now.

Expanding the 100 transaction per account limit- We are currently working on systems to allow power users to use more than this allotment of transactions. Thanks for your patience on this!

Welcome to the age of Ronin.

🌟 Join Axie Discord

🌊 Axie Infinity FAQ

📝 Want to write about Axie? Check out our media kit.

* SLP and AXS were upgraded for better tracking on 3rd party data providers and to be compatible with Ronin. The new SLP contract: 0xCC8Fa225D80b9c7D42F96e9570156c65D6cAAa25. The new AXS contract: 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b.

Ronin Wallet Upgrade!

  • In preparation for Ronin Phase 2, we've launched an upgraded Ronin Wallet!

  • The Ronin Wallet is a key part of our strategy to unlock economic freedom for an entire generation of gamers.

  • If you already have Ronin Wallet, just restart your browser to see the update.

Download Ronin Wallet

New Features

  • Hardware wallet (Trezor) compatibility.

  • AXS, SLP balances are now viewable. Axie, land, and item balances can also be viewed in your wallet!

  • You can now add additional addresses under one account (seed phrase).

Check out this tutorial for a first look!

🌟 Join Axie Discord

🌊 Axie Infinity FAQ

📝 Want to write about Axie? Check out our media kit.

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March Development Update!

Massive Growth, Battles V2, Ronin Progress

It’s finally happening! NFTS are going mainstream and it’s accelerating the growth of our blossoming nation.

  • We hit new highs across all growth metrics this month with daily active users, monthly on-chain users, and marketplace volume all skyrocketing.

  • Battles V2 is progressing nicely— we’re almost done with the initial design for starter Axies and are now ramping up internal testing.

  • We released a new website for Sky Mavis, the summoners of Axie Infinity. Check it out for an overview of our vision. We’re also hiring!

Growth

March has been one of the fastest periods of growth ever for the Axie nation.

  • Axieinfinity.com reached 250,000 unique visitors!

  • Our marketplace processed over 10 M USD in NFT volume!

  • Axie holders increased 15% to 37,000 from 32,000 last month! We also saw an acceleration in the number of players using the marketplace for the first time.

  • Our application hit 25,000 Daily active users (still in alpha and not on app stores).

Battles

Progress on our expansion and upgrade to the battle system is speeding up.

  • We’re getting close to a completed initial design for free starter Axies.

  • Sky Mavis has set an internal goal for a private Alpha with some of our top players. If you want to be considered for this you should aim to hit the top of the leaderboard and be a leader within the community. Making awesome arena content is also a huge bonus!

  • Archetypes and talents for the classes have been further defined.

  • A revamped UI for Axie and team selection is getting close to completion!

  • The connection between part upgrades, genetics, and in-game rewards is being explored.

  • We’ve made awesome progress on the art for upgraded body parts. Vertical progression will be key to taking your connection with your Axies to the next level.

Ronin

We believe that we’re on track to deploy Ronin phase 2 at some point in the coming months. This will be a seminal moment for Axie, solving many of our player’s toughest challenges. In terms of an exact deadline, it’s too early to commit a date to the outside world but understand that this is a huge priority for us.

  • We are researching decentralized exchanges so that players can access liquidity for their assets on Ronin itself.

  • We will be deploying an upgrade to the Ronin wallet soon.

  • Ronin is currently storing over 1 M USD of ETH, just the first of many milestones!

  • We’ve completed an initial design for the migration of Axies to Ronin.

The Promised Land

While Axie has grown to become the clear leader in NFT gaming, we will never be satisfied. There remain many challenges and obstacles on our path to onboarding millions of people to this amazing new technology.

Earlier this month, we tweeted out a rough product pipeline. We believe that each of these releases will be a key pillar in the construction of our pantheon of adoption.

In the end, these releases will make sure that Axie becomes increasingly fun, meaningful, and full of opportunity. We couldn’t be more excited for the future and could never have gotten this far without each and every one of you.

🌟 Join Axie Discord

🌊 Axie Infinity FAQ

📝 Want to write about Axie? Check out our media kit.

Player Spotlight: MMA fighter Olivier Aubin-Mercier

Members of the Axie nation come from all over the globe and from all professions. We even have an MMA fighter in our ranks!

We sat down with Olivier Aubin-Mercier, an MMA fighter from Québec about his eye-opening Axie experience.

1. Tell us a bit about yourself and how you got started with Axie.

Hey, my name is Olivier Aubin-Mercier. I’m an MMA fighter and was a UFC fighter for 7 years. Last year I signed with a PFL, a promotion who does a "mortal Kombat" style tournament ( without the killing... thank god ) every year.

The winner of this tournament will win 1 million dollars. PFL decided to take a pause during the pandemic. So this put me in a situation where I didn’t fight for more than 2 years.

Recently PFL announced that they will do an event on April 23. I was super exited but I had 2 problems.

  1. In Québec, it was illegal to train, even for pro athletes.

  2. I had no more liquidity to visit a foreign country to train.

I decided to borrow money from our friend, the bank, and bought a ticket for Puerto Ricco to train with the Danaher Dead Squad. In Puerto Ricco, a good friend of mine who is a crypto enthusiast introduced me to Axie. My friend told me he could lend me his Axies to try the game, so I could decide if I liked the game or not and to make a little extra money. Thats is how I learned about Axie.

2. What are you most excited about for Axie's future?

I think that if the idea of play to earn works, the gaming industry will change forever. Axie could be the first solid project to make it work. Of course i’m exited about Ronin and the free to play mode. Oh and when the is land play happening, Jiho ? Yea I’m excited about that as well.

3. Has play to earn helped you in the real world?

So like I said previously, I borrowed for my training camp and during a training camp it is impossible, if you are serious, to have a side job. So Axie will help me pay for that training camp. The money I earn from farming SLP will be a welcome addition and it’s super flexible, I can play during my free moments while I’m recovering. For example, if i’m in the ice bath recovering, how is it possible for me to earn during that time other than by playing Axie?

4. What makes Axie and the Axie community special, in your eyes?

Simply put, I feel the community believes in the project and understand that they are part of something bigger. They want it to work.

The Discord community helped me a lot when I was getting started, the beginning of the journey can be a bit complex so I think that’s been a hugely important part of the experience.

5. What did you know about Blockchain prior to Axie?

I’ve been primarily a Bitcoin enthusiast. I had some ETH but wasn’t too interested in it.

However I got introduced to NFTs and Axie ( Vitalik should thank you ) so now I’m using Ethereum. During the pandemic, 2 things got my attention:

  1. Crypto.

  1. The lack of physical sport and the rise of Esports. Now put them together and man, we have something explosive on our hands.

Questions?

🌟 Join Axie Discord

🌊 Axie Infinity FAQ

📝 Want to write about Axie? Check out our media kit.

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