Axie Infinity is one of the most popular NFT video games with a P2E model of 2021. Its popularity has been so great that it has recorded transactions for several billion dollars, reaching levels that no other NFT game has achieved.
However, over the last few months, its reward token, the SLP or Smooth Love Potion, has been losing value considerably. Therefore, they have decided to make internal changes to make it useful and thus, make its market price recover. However, one of their most aggressive measures was removing SLP rewards in the classic game mode.
It should be noted that this is a desperate measure to provide greater utility to the SLP token. Since its maximum registered in July 2021, it has been depreciating; its depreciation has been so great that at the moment, it has fallen by 98.7% from its ATH.
To make minting the token more attractive, they decided to add it to the new Axie Infinity game mode. In addition, to give it greater utility, it can be used to make power-ups, buy runes, amulets, and much more.
A measure that was seen coming
Even though non-fungible token games have performed quite poorly in the current year, given the crypto bear market, the co-founder of Axie Infinity is hopeful that the level of activity and transaction volume can recover.
In fact, in July of the current year, the transaction volume of NFTs on Axie Infinity skyrocketed by 205%.
Still, it was to be expected that the Axie Infinity would remove SLP rewards in the classic game mode. Because in February, Adventure Mode rewards were removed, followed by the removal of Classic Mode Daily Quest incentives.
All this is in search of making the SLP more useful and reducing the sales pressure faced by the token. And certainly increase the number of investors.