<ul><li>Axie Infinity emerged in 2018 as one of the pioneering play-to-earn blockchain games that allowed players to own, breed, and battle virtual pets called 'Axies'.</li><li>The game gained popularity due to its unique play-to-earn model, where players could earn in-game rewards in the form of SLP tokens that could be exchanged for real-world money.</li><li>However, Axie Infinity faced challenges such as a decline in new player growth, plummeting token values, and a major breach of security that led to a loss of confidence from players and investors.</li><li>Despite efforts to improve the platform, Axie Infinity's active player count has significantly dropped, but the lessons learned will likely influence future blockchain games in the play-to-earn space.</li></ul>

The Rise and Fall of Axie Infinity: What Happened to the Pioneering Play-to-Earn Game?

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