In July 2024, Axie Infinity, the blockchain-based gaming platform, showed significant growth despite the broader crypto market downturn. The team has recently released it July 2024 development update outlining key advancements in Axie's ecosystem, highlighting increased community engagement and new features.

Axie Infinity Development Update July 2024

We have created a series of three articles to cover the most important points from the report. We will break down Axie Infinity's 2024 development update, featuring new game features, community engagement, and governance advancements. You will also learn how Axie has revived amidst the crypto bear market with increased player activity and innovative updates.

Here is a table of contents:

• Part One: Axie by the Numbers

• Part Two: Axie Games and Products

• Part Three: Governance Advancements

First, What is Axie Infinity?

Axie Infinity is the iconic and much loved non-fungible token (NFT) based online video game developed by Vietnamese studio Sky Mavis built on the Ronin Network. Known for its in-game economy which uses Ethereum-based cryptocurrencies. Players of Axie Infinity collect and mint NFTs which represent axolotl-inspired digital pets known as Axies. 

Axie Infinity Character Art

Part One: Axie by the Numbers

Axie Infinity has made a strong comeback in 2024, driven by initiatives such as the Bounty Board and Coinbase’s Learn and Earn campaign. These efforts have successfully re-engaged players and attracted new participants, setting new standards in the industry. Current metrics indicate increased user activity and sustained growth. Read more here.

Part Two: Axie Games and Products

Over the past six months, Axie Infinity: Origins has seen substantial development with new features like Part Evolution and competitive seasons offering AXS prize pools. Axie Classic has also been updated with new features and a competitive circuit, resulting in higher user engagement.

Avatar Mode in Homeland

Homeland continues to evolve based on player feedback, introducing events and preparing for major updates like Avatar Mode. The platform's web interface, App.Axie, has experienced increased activity due to new features such as Part Evolution and the Bounty Board, leading to higher engagement, revenue, and player activity. Read more here.

Part Three: Governance Advancements

Axie Infinity has introduced an early version of its governance system, featuring the Axie Governance Portal and Axie Score. The first Axie Improvement Proposal (AIP) has been passed, aiming to upgrade smart contracts for Axie and Land assets to enhance security and simplify asset delegation. Read more here.

Axie Infinity Cover Banner

Final Thoughts

In summary, Axie Infinity's progress in 2024 demonstrates its resilience and ability to innovate in the blockchain gaming sector. With ongoing updates, community engagement, and steps towards decentralized governance, Axie continues to lead in blockchain-based gaming. Keep an eye out for the three articles in this series, Part One (Axie by the Numbers), Part Two (Axie Games and Products), and finally Part Three (Governance Updates).