Tag: Axie Infinity
South Korea has requested that Apple and Google delete symmetric encryption play-to-earn activities from their application store.
The South Korean considerable efforts have been made to prevent the introduction of new play-to-earn (P2E) games and have demanded that current P2E titles be removed from Google and Apple's respective app stores. P2E activities had risen to prominence in recent months as crypto acceptance has grown, allowing players to obtain exchangeable tokens that they can then sell off for a profit. To play P2E games and obtain their own in-game prizes, users must first acquire game pieces as non-exchangeable tokens (NFTs).
Players nurture, battle, and trade cute NFT creatures called Axies in Axie Infinity, a crypto-meets-Pokémon game. Axie Infinity Shards (AXS), which can be purchased and traded on exchanges like Coinbase, and Small Love Potion (SLP), which is granted to players for spending time in the game, are the two native cryptocurrencies.