Ronin hack delays Axie Infinity upgrade
Sky Mavis, the developer of the popular blockchain game Axie Infinity, delayed its highly anticipated Origin upgrade in response to the recent hack worth over US$600 million on its Ronin network.
See related article: Top NFT game Axie Infinity generated $1.3B in revenue last year
Fast facts
- The Vietnam-based developer’s new Origin upgrade will now launch on April 7, as the company shifts its focus towards investigating the hack and recovery of the lost funds.
- The hack occurred on March 23, with 173,600 Ether and 25.5 million USDC stablecoins stolen.
- Axie Infinity characters are the most sold non-fungible tokens (NFTs) of all time, and the game has over 2 million daily active players.
- Players need to purchase NFT characters known as Axies to participate in the game’s economy, but high starting fees have been an obstacle for players with lower crypto holdings.
- The new upgrade has been creating a buzz among fans, as the game aims for a free-to-play shift by offering some starting Axies for no cost.
See related article: Axie Infinity blockchain Ronin hacked for over $600M