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Axie Infinity top NFT community in 112 countries



Axie Infinity top NFT community in 112 countries

Axie Infinity top NFT community in 112 countries Zeynep Geylan · 9 hours ago · 2 min read

A recent study by CashNetUSA revealed that Axie Infinity is the most searched NFT community in 112 countries. Montenegro emerges as the most pro-NFT country.

2 min read


Updated: June 21, 2022 at 2:43 pm

Cover art/illustration via CryptoSlate

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Axie Infinity is the most popular NFT community in 112 countries, according to a recent study by CashNetUSA.


The most NFT-loving country turned out to be Montenegro, while the country with the most NFT dislikes is Poland. Singapore, on the other hand, is the country most interested in NFTs.

The results were obtained by analyzing Google search volumes and Twitter sentiments.

Interest in Axie Infinity

Data from North America, Europe, the Middle East, Asia, Oceania, and Africa indicate that  Axie Infinity is the most searched NFT community.

In regions excluding North America and Africa, Axie Infinity is only accompanied by a slight interest in the Decentraland. Regardless, Axie emerges as the clear winner in each of these regions.

Europe, Middle East, Asia, and Oceania

In the case of North America, Decentraland emerges as the clear winner in Google search results. While it holds most of the region, Axie Infinity, Sorare, and Bored Apes are still in the picture as minorities in the southern cities.

North America

Africa is the only region without a clear winner in NFT curiosity. The countries are divided between Decentraland, Axie Infinity, Sorare, and Bored Apes. Town Star also manages to secure itself a small region within Africa.


South America, on the other hand, is the only region that’s not interested in Decentraland, Bored Apes, or others. Axie Infinity dominates the entire area, with only Chile interested in the Sandbox.

Interest in NFTs

In addition to filtering the specific NFT collections each region is interested in, the survey also analyzed the overall interest in NFTs. This section was assessed by calculating the monthly searches for “NFT” per 1 million people.

Singapore emerged as the country most interested in NFTs in general, with 18,717 searches per month. Hong Kong and Canada follow Singapore as the second and the third with 15,213 and 12,358 searches, respectively.

The U.S. ranks fifth in the list with 10.677 monthly searches for “NFT.”


Sympathy towards NFTs

The study analyzed the Twitter sentiments to understand which regions love NFTs the most.

The results showed that Poland is the most NFT-hating country, producing nearly a quarter (22.7%) of negative NFT Tweets worldwide. Nicaragua and Belize follow Poland as the second and third on the list.

Montenegro, Bosnia and Herzegovina, and Luxembourg come out as the top three countries with the most love for NFTs.

The U.S. didn’t make either of the lists. Despite the Bored Ape domination in the region, an anti-NFT protest took place in the streets of New York on June 20.

Maybe I was wrong about NFTs

— ᴅᴀʀʟɪɴɢᴛᴏɴ (@Darlington) June 20, 2022



Is move-to-earn dead? STEPN’s GST token tumbles 98% in 2 months



Is move-to-earn dead? STEPN’s GST token tumbles 98% in 2 months

Is move-to-earn dead? STEPN’s GST token tumbles 98% in 2 months Liam ‘Akiba’ Wright · 16 hours ago · 3 min read

STEPN’s governance token $GMT is down 81% from its all-time high while the reward token is down 98% in just 2 months. Is move-to-earn dead?

3 min read


Updated: June 24, 2022 at 3:27 pm

Cover art/illustration via CryptoSlate

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The popular move-to-earn app STEPN reportedly has over 3 million users, yet the price of its governance and reward tokens are in free fall.


Is this the end of move-to-earn or a return to the mean after an overinflated price point created by hype and hysteria?

What is STEPN?

STEPN is a mobile application that utilizes Solana and Binance Smart Chain networks. Users purchase NFT sneakers with varying rarity and traits in either $SOL or $BNB and then use them to earn cryptocurrency while moving.

There are several different types and rarities of sneakers. The different types of sneakers allow you to earn crypto based on whether you walk, jog or run. The rarities decide the rate you can make and how much you need to pay back to maintain your NFT and stop it from degrading.

The NFTs are bought in $SOL or $BNB, but the rewards come in the form of the Green Satoshi Token ($GST.) This token can be used to repair or breed your sneakers as part of the in-app gamification.

Users can also move their $GST into the in-app wallet and convert the tokens into other cryptocurrencies such as $USDC. STEPN’s revenue comes from taking a percentage of swaps and NFT purchases.


Why is STEPN failing?

The tokenomics of STEPN appear to be in trouble as both the governance and utility token are down over between 80% to 98% from their all-time highs earlier in the year. $GMT peaked at $4.19, and $GST hit $9.36 in April. However, both tokens have been trending downwards ever since and the situation looks dire.

Source: TradingView
Source: TradingView

At the peak of STEPN’s popularity, users could earn hundreds of dollars from simply jogging around their neighborhood while using the move-to-earn app. At a token price of $9.36, even with the most basic sneaker, NFT daily rewards of 3-4 $GST were entirely achievable. Currently, the same walk, which would have earned users up to $37 in April, only yields $0.72.

With NFTs costing around $600 on Solana, the timeframe to get a positive ROI was approximately 16 days. As of June 24, the cheapest sneaker is about $104. At a return of just $0.72 per day, it would take investors 144 days to break even at the current price point.

Move-to-earn competition

STEPN also has competition in the form of Walken and Sweatcoin as the move-to-earn bug has hit the GameFi community hard. Walken’s $WLKN token was released on June 21 and is up 750% since launch. The game has similar mechanics to STEPN, using NFTs to optimize earnings.

The Sweatcoin token, $SWEAT, is scheduled for release later in 2022, with users currently earning a non-crypto version of the token. Sweatcoin has a slightly different gamification model as the app tracks users’ steps in the background, similar to an Apple Watch or FitBit.


Walken runs on the Solana blockchain and, according to Solscan, currently has 45,000 holders. Its fully diluted market cap is reported as $277 million compared to $4.9 billion for STEPN. The circulating supply for Walken has not yet been confirmed; however, one wallet owns 92% of the supply.

The distribution indicates that the circulating supply should be $22.1 million, assuming the whale wallet is the project treasury. At this supply, $WLK would have to increase 20x to reach $22 to overtake the market cap of STEPN.

Sweatcoin reports over 90 million users and claims its token launch “can be the largest crypto distribution in history.” There are already 28 billion off-chain Sweatcoins that can be used in the app to buy products, services, and discount codes. Furthermore, over 5 million non-custodial crypto wallets were generated by Sweatcoin in May alone.

While STEPN may be on the decline, there is certainly still an opportunity for the move-to-earn industry to grow and find a place within GameFi. Issues with tokenomics and in-game economy are expected with a brand new concept. In reality, earning $1 daily walking to work seems much more sustainable than $30+.

For instance, if the population of the United Kingdom all used STEPN every day, earning $30 per day, it would create $2 billion worth of tokens per month; if 50% of the world’s population did the same, it would be $90 billion. These numbers simply don’t scale; therefore, a cooling off of the price point may be beneficial to the longevity of STEPN and the move-to-earn genre in general.


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Can May’s biggest GameFi crash victims survive the bear market? | May Monthly Report



Can May’s biggest GameFi crash victims survive the bear market? | May Monthly Report

Can May’s biggest GameFi crash victims survive the bear market? | May Monthly Report Footprint Analytics · 5 hours ago · 7 min read

Despite news of poor data performance and a plunge in cryptocurrencies, that didn’t stop the GameFi from growing slightly.

7 min read


Updated: June 18, 2022 at 5:30 am

Cover art/illustration via CryptoSlate

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There were many ups and downs in May for the GameFi sector and cryptocurrency investors. Especially in terms of GameFi financing funds, it fell from a peak of $2.4 billion to $165 million, a drop of 93.14%. This is the most significant drop since 2021, which is lower than everyone’s expectations for the GameFi market.


The former leader Axie Infinity has also been hit hard. The number of players has been reduced from more than 100,000 to less than 10,000. Is there a risk of collapse? And StepN, which broke out during the bear market in May, crashed just as quickly. Can it see a reversal and continue leading M2E in the GameFi sector?

The following is an overview of the overall GameFi market in May and an overview of the changes in each project through data analysis. 

GameFi Market Overview

GameFi project count up 1.9% MoM, showing a slowdown

After BTC, ETH, LUNA, and StepN tanked, there seems to be a consensus that a bear market is really here. 

Regarding the number of GameFi projects, there was only a 1.9% increase in May, mainly due to the growth of projects on the Polygon chain. The growth of the two main chain projects, Ethereum and BSC, has gradually slowed down.

Footprint Analytics – Number of GameFi Protocols by Chains

Ethereum’s high gas fees and network congestion issues persist, which are major factors in its failure to rapidly grow the number of projects. After notable game projects like StarSharks and Cryptomines failed to retain users, BSC also saw some problems.


On the flip side, Polygon is the blockchain with the most growth in the number of projects this month.

GameFi’s total active users and transaction volume continue to decline

As of May 31, the total number of active users was 19.83 million, including 830,000 new users and 19 million old users. Total active users fell 13.4% compared to April.

Footprint Analytics – Monthly Gamers Trend

It is mainly affected by the number of users of some game projects on the BSC chain. Both old and new users dropped by 5% to 10%. For example, StarSharks was favored by many industry insiders before April, but it encountered a “death spiral” in just over a month, and the number of users dropped from 10,000 to 100.

Footprint Analytics – GameFi Unique Users by Chain
Footprint Analytics – GameFi New Users by Chain
Footprint Analytics – StarSharks User Trend

According to Footprint Analytics data, the overall daily trading volume in May decreased compared to April. Including top GameFi projects, such as Axie Infinity’s average transaction value fell from $26.85 million in April to $7.14 million. Splinterlands’ average transaction value fell from April $4,118 to $2,724. CryptoMines’s transaction volume almost halved.

Footprint Analytics – GameFi of Volume Trend
Footprint Analytics -Top 5 Games Trading Volume Trend

GameFi raised nearly $165 million, down 93.14% MoM

Investments across the blockchain sector totaled $1.43 billion in May. The GameFi sector accounted for 11.5% of the total investment, with $165 million. Compared to April, the GameFi investment amount declined by 93.14%.

Footprint Analytics – Funding-Monthly Investment Trend

Web3 has seen the biggest drop in GameFi investment, but that doesn’t mean Web3 has lost its dominant position. According to news, on May 18, a16z launched a $600 million fund dedicated to gaming startups to increase bets on Web3 technology. So Web3 remains an essential sector of institutional focus, and it will be one of the core technologies of GameFi.

Footprint Analytics – Gaming Financing Distribution

Taking stock of the changes to GameFi in May

At present, the crypto market is experiencing a severe downturn, with the prices of most cryptocurrencies and algorithmic stablecoins falling to their lowest levels ever.

Is Axie Infinity in crisis?

After Axie Infinity was attacked, it continued to show a downward trend, and the sharp decline in its SLP and AXS was severe.

According to Footprint Analytics data, Axie Infinity’s token SLP fell to $0.0057 as of May 31, down 98.5% from its previous all-time high of $0.37. The governance token AXS also fell to $23.79, down 84.9% from its last all-time high of $157.80.

Footprint Analytics – SLP Price & AXS Price

Axie Infinity’s economic activity relies heavily on the battle and breeding functions, earning SLP and AXS through pet battles and consuming SLP and AXS through pet breeding. Therefore, these two tokens are critical to the game. Once they go to zero, Axies become worthless.


In order to avoid falling into a death spiral due to the falling price of tokens, the team has removed SLP mining from single-player adventure mode, launching the Origin Android version on May 12, and even announcing that it will allow the use of Buy Axie and other assets, etc. in Axie Infinity Market with any cryptocurrency. However, these measures did not stop its price from falling.

It’s too early to say whether Axie Infinity will collapse.

Another fast-rising game, StarSharks, also faced a drop in coin prices. SSS fell from a peak of $14.91 to $2.26.

Footprint Analytics – Token SSS Price

To sum up, for many P2E GameFi projects, the early stage is not only as simple as allowing players to earn profits but also the importance of maintaining long-term value gains for players. It is necessary to continuously introduce new players to invest new funds in the game, optimize tokenomics, and give higher security to reduce the possibility of the project falling into an economic recession.

Can StepN stabilize its currency and avoid falling to zero?

StepN is solely responsible for the rapid rise of Move-to-Earn and has launched on Solana and BSC. It’s one of the first successful mobile blockchain games.


On May 25, StepN’s GMT and GST coin prices continued to fall. The GST coin price on the BSC chain declined from $27.26 to $2.58, a drop of 90.53% in just seven days, due to the selling pressure on SOL, GST, and GMT and the official announcement of a block of mainland Chinese users. Token GMT coin prices dropped slightly.

Footprint Analytics – StepN Token Price


Despite the continued slide for many leading GameFi projects, new funding rounds persist.

Current events will make it clear whether a death spiral means the death of projects or could be seen as a stress test, allowing the project to recover even stronger.

May Events Review

NFT & GameFi

  • NFT minted on Cardano exceeds 5 million
  • Google Trend Data for ‘NFT’ Shows Global Interest Slashed by 70%
  • X2Y2 launched an automatic reinvestment tool, which can automatically purchase the WETH income obtained by users as X2Y2 tokens for re-pledge
  • NFT market enthusiasm declined, and gas fees fell to the lowest level since June
  • STEPN removes GPS in China amid regulatory concerns 

Metaverse & Web3

  • Web3 gaming platform Village Studio completes €2.1 million pre-seed financing, led by Animoca Brands
  • Metaverse Real Estate Sells for a Record $5 Million Inside TCG World
  • Footprint Analytics Grows Funding to $4.15 Million in Seed Plus Round
  • Brave Browser now Integrates with Solana Blockchain to Expand Web3 Access
  • Metaverse app BUD completes $36.8 million Series B financing, led by Sequoia Capital India

DeFi & Tokens

  • DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
  • An Anchor protocol breach led to a loss of $800,000 following the launch of the Terra chain
  • ETH profitability hits a 22-month low of 57.31%
  • The concentration area of lending and clearing on the Ethereum chain is $1459 and $1193
  • Bitcoin dominance increases to 45%, the highest level since October 2021

Network & Infrastructure

  • Ethereum L2 has been down 40% since early April
  • Ethereum has more than 81 million non-zero addresses, a record high
  • Terra gets a second life as a new blockchain goes live with LUNA 2.0 airdrop
  • LUNA founder Do Kwon faces accusations of fraud over Mirror Protocol
  • Avalanche loses $60M in the UST crash


  • Crypto Giant FTX Ready With Billions of Dollars for Acquisitions
  • Singapore crypto-focused VC raises $100m for third fund
  • Google seeks fresh talent to lead global Web3 team
  • Crypto exchange Gemini plans to suspend UST and MIR trading
  • Brazilian crypto exchange Nox Bitcoin compensates UST users with USDT 1:1


  • South Korean authorities reportedly probe staff behind Terra
  • Ukrainian Eurovision Winner Sells NFTs in Support of Ukraine’s Defense
  • Korean financial authorities Plan to Develop Regulatory Regulations Related to StableCoins and DeFi
  • New Zealand Authorities Investigate Crypto Ponzi Scheme
  • U.S. lawmakers have introduced more than 80 crypto bills this year, a record number

This piece is contributed by Footprint Analytics community.

The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you’ll find active, diverse voices supporting each other and driving the community forward.

Date & Author: Jun. 2022, Vincy

Data Source: Footprint Analytics – May 2022 Report Dashboard

What is Footprint Analytics?

Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.

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Bitcoin (BTC), Ethereum (ETH), and Altcoin Prices Crash as MetaBlaze (MBLZ) Moves to Build an Ecosystem the Crypto World Needs



Bitcoin (BTC), Ethereum (ETH), and Altcoin Prices Crash as MetaBlaze (MBLZ) Moves to Build an Ecosystem the Crypto World Needs

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›

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For months, there had been warning signs that the cryptocurrency market was due for a correction. But no one could have predicted the sheer scale of the collapse that would begin in early May 2022.

At the storm’s center was Terra, a $50bn algorithmic stable coin ecosystem that saw its flagship token, TerraUSD (UST), plunge in value. The fall of Terra’s stable coin exacerbated weakness in investor sentiment, causing bitcoin (BTC) to plunge to $25,000, its lowest level in over 14 months.


If the Turing Award was the Nobel Prize of the computer science world, then the equivalent in the cryptocurrency realm would be the Crypto Winter – a long period of stagnation and decline. And like a real winter, it could be sparked by any number of things.

For instance, the start of a global monetary tightening cycle had already caused a gradual selloff in risk assets, from equities to cryptocurrency. Terra’s debacle could be the writing on the wall for a prolonged crypto winter to come. Of course, it’s important to note that such market cycles are inevitable and even necessary for healthy growth in the long term.

The crypto market crash of 2022 continues to wipe out billions of dollars in value, sending shockwaves through the entire financial sector. Bitcoin and Ethereum are two of the most well-known cryptocurrencies on the market. Bitcoin fell below $20,000, and Ethereum dropped under $1,200 at the start of the week, marking a new 18-month low for the two digital currencies.

Both Bitcoin and Ethereum have lost more than 70% of their value since their all-time highs in December 2017. However, Bitcoin remains the largest cryptocurrency by market capitalization, with a value of around $350 billion. Ethereum is the second-largest, with a market cap of $120 billion.

It’s no secret that cryptocurrencies are subjected to volatile swings making them a risky investment. However, most of the crypto world believes that Bitcoin and Ethereum will eventually recover and reach new all-time highs.


As the blockchain industry continues to evolve, so do the opportunities for businesses to leverage its capabilities in innovative ways. MetaBlaze is a company on the cutting edge of blockchain technology, merging the best features from rapidly growing crypto sectors within its ecosystem and blockchain gaming at its core.

Digital Economies Need Diversity & MetaBlaze is Bringing it

MetaBlaze aims to create a harmonious ecosystem by converging various blockchain technologies and crypto trends. Its unique web of utility is constructed in such a way to spread ‘support pillars’ throughout its ecosystem and bolster its foundation. This even includes the integration of NFTs within its ecosystem. MetaBlaze aims to reduce the reliance on any one specific component to grow its economy.

MetaBlaze is committed to being at the forefront of this industry. Its team is working to improve the crypto user experience and put more power in the hands of holders. With various value-added utilities to continuously drive revenue to its economy, MetaBlaze is developing its ecosystem with long-term sustainability in mind.

The MetaBlaze Token (MBLZ) is intended to serve as the native currency within its multifaceted ecosystem. MetaBlaze Token (MBLZ) is a deflationary, dual reward-based cryptocurrency built on the Binance Smart Chain and Ethereum Blockchain.

One of the most anticipated products in development is its native blockchain, the BlazeChain, developed for specific metaverse gaming applications. As an MVP (Minimum Viable Product), MetaBlaze will launch its intelligent dApp (Decentralized Application), known as BlazedApp, upon initial listings on Crypto exchanges.


The BlazedApp is the heart of its robust ecosystem. The dApp will serve as a bridge between the Binance Smart Chain and Ethereum Blockchain. BlazedApp is equipped with an AI (Artificial Intelligence) driven price stabilization mechanism designed to monitor the market value and circulating supply of MBLZ. Suppose a large portion of MBLZ is sold. In that case, the AI automatically initiates a token buyback to minimize the effects of such selloffs.

BlazedApp is home to Blaziverse, a club membership to a 50-level, NFT-driven strategy game. In addition, the dApp will host the World’s first-ever NFT working grounds where holders can physically employ their NFT. MetaBlaze is also set to release a unique NFT rental system for those who may wish to take a more passive approach, renting NFTs to game players or for employment purposes.

In 2024, MetaBlazes’ major upcoming play-to-earn, MMPORG (massively multiplayer online role-playing game), will also be accessible within BlazedApp. The game integrates NFT-based virtual land parcels amongst virtual worlds. In this blockchain-powered, play-to-earn game, players take on the role of controlling NFT-based game characters. Players engage in player-vs-player battles to take control of stunning 3D worlds and sustain life for their species.

Even better, as they play, players will have the opportunity to earn rewards in the form of MBLZ cryptocurrency. So not only is the game itself entertaining and immersive, but it also gives players a chance to earn crypto for their engagement. It’s the perfect trifecta of gaming: fun, fantasy, and crypto earnings.

MetaBlaze + Certik

In the blockchain world, trust is everything. Users must trust that the blockchain companies they invest in are conducting business ethically and transparently. MetaBlaze has put its best foot forward in its commitment to earning the trust of its users. Displaying its commitment to transparency and accountability, the MetaBlaze core founding team has undergone extensive KYC (Know-Your-Customer) procedures with the World’s leading Blockchain Security company, Certik. The MBLZ smart contract has also been Audited by Certik.



MetaBlaze is one of those rare projects that offer something for everybody. The MetaBlaze team has gone above and beyond to build something unique, and they are well-positioned for explosive growth. The ongoing token presale presents an ideal time to buy in on the next rising star in the crypto world.

The ongoing presale round price is $0.000095 per MBLZ, with a 5% bonus issued per transaction. The MetaBlaze website indicates the official exchange listing price as $0.0002. Don’t miss out on this opportunity; there are only eight days left in the current crypto presale round before rolling into its final presale round with a slight price increase to $0.00015069.

Join the MetaBlaze Telegram channel and see what the +18,000 community members have to say. To learn more or participate in the crypto presale, visit MetaBlaze and click the “Buy Tokens Here” button.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.


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