Sky Mavis to pledge its 11,475,000 AXS holdings

10/11 16:56

Axie Infinity developer Sky Mavis tweeted that in order to strengthen its long-term commitment to the Axie Infinity ecosystem, Sky Mavis plans to pledge the 11,475,000 AXS on its balance sheet. under the original AXS vesting plan The 11,475,000 AXS have been held by Sky Mavis since allocation and have not been sold on the open market. Pledging AXS represents Sky Mavis' adherence to a new type of social contract, whereby players and developers work and build together with consistent incentives. According to The Block Research, this move could dilute the 43 million AXS currently pledged and reduce the annualised percentage rate (APR) for current AXS pledgers.
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