Axie Infinity’s Smooth Love Portions (SLP) are currently in the red as they dropped to $0.004 and are now almost zero
Axie Infinity’s Smooth Love Potions (SLP) is now worthless
Crypto markets are collapsing, and every other digital asset has been in the red for a long time, including Axie Infinity‘s Smooth Love Potions (SLP), which is now worthless.
The currency’s value has been declining, owing to a glut of players pouring into the game. Unfortunately, the SLPs are now worthless and will not even round up to a penny when totaled.
Axie Infinity game developer Lars Doucet tweeted on Thursday that SLP has dropped to $0.004, giving you a reasonable estimation of $0.00.
Pioneer Of P2P NFT Games
Axie Infinity was an early adopter of the popular play-to-earn model NFT games. It is the first NFT game to gain saturation in the market as the frontrunner.
The players would breed, train, and trade these Axies in the game. Furthermore, while playing the game, users might earn SLPs.
The SLP’s value peaked at $0.35 in 2021 and has been steadily declining since then.
Smooth Love Potion’s Falls
Smooth Love Potion’s demise exemplifies the difficulties that come with P2E NFT gaming. With rules in place to raise the token value, players would need to find more methods to acquire tokens.
Axie Infinity attempted to improve SLP value by removing SLP farming from the game, specifically from the single-player adventure mode. Lately, they’ve allowed gamers to burn SLP by participating in events to boost the prize pool.
Despite these changes, the game appears to be having difficulty recovering. Axie Shards reached a high of $150 in 2021, but have since dropped to under $20.
