In July 2024, Axie Infinity, a blockchain-based gaming platform developed by Sky Mavis, demonstrated notable progress despite the prevailing downturn in the broader cryptocurrency market. The latest development update from the platform outlines several key advancements in Axie Infinity's ecosystem, highlighting increased community engagement and new features.

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.

Here is a table of contents:

• Part One: Axie by the Numbers

• Part Two: Axie Games and Products

• Part Three: Governance Advancements

Axie Governance

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 Character Art

Part Three: Governance Advancements

In the realm of governance, Axie Infinity has made substantial progress. Governance in web3 is often complex and evolving, and Axie Infinity has been actively working on refining its governance model.

The following highlights key advancements:

• Axie Score and Governance Portal Launch: On May 17th, Axie Infinity introduced the Axie Score and Governance Portal. This launch marked a significant step in enabling community members, referred to as Lunacians, to participate in shaping the platform's future. The Axie Score system reflects individual contributions to the ecosystem, promoting engagement beyond mere token holding.

• Introduction of Axie Score: The Axie Score is a point system designed to measure community involvement and contributions. Developed by the Axie Score committee and contributors, it aims to promote balanced participation and is still evolving.

• First Governance Vote: Axie Infinity conducted its inaugural governance vote with the introduction of AIP-001. This proposal focused on upgrading the Axie and Land contracts and tested the new governance mechanisms. The vote saw significant participation, with 14.7 billion total voting power, 4.08 million staked AXS, and involvement from 4,063 unique wallets.

• Role of Town Builders: Town Builders have played a crucial role in advancing governance initiatives. Their voluntary efforts and collaboration with the community have been essential in refining governance processes.

The Axie Governance Portal 

Upcoming Features for Future of Governance:

The Axie Governance Portal and Axie Score are expected to evolve as the community provides feedback. The platform is committed to continuously improving its governance model to better serve its members.

Final Thoughts

As Axie Infinity looks back over the past six months, it is evident that the platform has made significant strides. The game is not only a digital entertainment platform but also a pioneer in community-driven development and digital ownership. With ongoing innovations and new features, Axie Infinity is set to enhance player engagement and economic activity.

Despite the challenges posed by the crypto market downturn, Axie Infinity remains committed to building and pushing the boundaries of gaming. The future promises continued growth and exciting developments for the Axie community. This article was inspired by an original blog post, you can read the original write-up here for more information.