Axie Infinity is a blockchain-based game that runs on the Ethereum blockchain. It offers players the opportunity to collect so-called Axies, train them and use them against each other in battles. AXS is the associated altcoin that can be used to make transactions in the game.

In 2021, Axie Infinity was very successful and listed at a price of over 100 US dollars, which corresponded to a market capitalisation of around 7 billion US dollars. Since then, however, sentiment has cooled and the AXS price has fallen to around US$9, while the market capitalisation has shrunk to around US$900 million.

In order to regain momentum, the team behind Axie Infinity has announced its intention to make the project more decentralised. To this end, almost 700 active players have been selected to initiate and moderate discussions on the further development of the game in the AXS metaverse and to test models with which self-management can be implemented.

One reason for the decline in Axie Infinity’s appeal could be that there have been no major developments to the game in 2022. Although the roadmap lists new game modules that should have been integrated this year, this did not happen. The team is now hoping for ideas from the community and appeal for the idea of making the project more decentralised.