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Cryptocurrency News Articles
Crypto Gaming Resurges with Pixels Leading the Pixelated Charge
Mar 24, 2024 at 06:00 am
Is Crypto Gaming Resurging, Driven by Pixels' Pixelated Allure?
As the crypto market rallies this year, familiar narratives are emerging from past cycles, including the resurgence of crypto gaming. The Ronin network, known for its Axie Infinity phenomenon, is once again stealing the show.
Pixels: The Catalyst for Ronin's Revival
What's fueling Ronin's comeback? A single game: Pixels. This unassuming farming game lets players tend to digital plots and embark on quests for digital currency. In the past month alone, DappRadar reports a staggering 1.25 million unique users flocking to Pixels.
Beneath the surface, Pixels is generating excitement reminiscent of the Axie Infinity craze. In countries like the Philippines, play-to-earn gaming is proving to be a lifeline once more, challenging previous assumptions.
Sky Mavis' Surprise: Pixels' Unconventional Success
Jeffery Zirlin, Sky Mavis' head of growth, is surprised by the unexpected popularity of crypto gaming. He notes that it doesn't require AAA-quality graphics to thrive. Despite Pixels' simplicity, it has become a force in the sector.
Pixels' Journey: From Polygon to Ronin
Unlike Axie Infinity, Pixels wasn't initially developed by Sky Mavis for Ronin. It debuted on Polygon before migrating to Ronin last October, well before the current bull run. Despite starting with a modest 3,000 daily active users, Pixels now boasts an impressive 750,000.
Ronin's Expanding User Base: A Potential NFT Goldmine
While Pixels' numbers may not match Axie Infinity's peak, Zirlin points to Ronin's massive user base of 12.7 million wallet downloads. These users could potentially drive demand for NFTs that enhance Pixels gameplay, though such involvement is not a prerequisite.
Sky Mavis' Commitment to Crypto Gaming
Despite crypto gaming's cyclical nature, Zirlin emphasizes Sky Mavis' commitment to the sector. He acknowledges the ups and downs but believes the company is well-equipped to navigate them.
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