Sky Mavis, the company behind Axie Infinity has partnered with CyberKongz, an Ethereum-based nonfungible token (NFT) collection, for a comprehensive gaming ecosystem on the Ronin blockchain.
During the second half of 2021 and the beginning of 2022, billions of dollars poured into play-to-earn projects. At one time, the total token capitalization of GameFi reached $20 billion. Until mid-2022, everything fell apart.
