• Axie Infinity launches the Governance Portal, allowing community members to actively participate in game decisions.
• The Axie Score is introduced, a point system that measures user contributions and determines their voting power in governance.
• The first vote, AIP-001, will open on May 20 and seeks to approve a key update for secure asset delegation.
  

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Axie Infinity continues to deepen its decentralization with the launch of the Governance Portal. This tool allows all community members to actively participate in game decisions, inaugurating a new era of community governance in its ecosystem.

Today, alongside the portal launch, the Axie Score is introduced, a point system designed to reflect community members’ contributions. This system is fundamental for measuring participation and the value added by each user, and it will be used to calculate the voting power of participants in governance decisions.

Introducing the Axie Governance Portal

Today marks the birthday of Axie Governance and the Axie Score.

A day many years in the making.

We are excited to invite all community members to cast an inaugural vote within the alpha Axie Governance Portal to approve a key upgrade… pic.twitter.com/B4Z2CCiYta

— Axie Infinity (@AxieInfinity) May 17, 2024

The Axie Score is built on four main categories: in-game performance, contributions to the treasury, community contributions, and Axie NFT holdings. Each category is represented by badges, which are assigned specific values. Thus, a member’s total score is obtained by summing the values of all the badges they have earned. This allows for a comprehensive evaluation of each user’s participation and commitment to the Axie Infinity ecosystem.

How to Participate in Axie Voting

To participate in the voting process, users must connect their Ronin Wallet, stake their AXS in the portal, and select a topic to vote on. The first vote, known as AIP-001, seeks to approve a key update that will facilitate the secure delegation of Axie assets. This vote will open on May 20 and will be available for one week.

The design of the Governance Portal is based on several fundamental principles. First, AXS must be staked to vote, ensuring voter commitment and minimizing fraud risk. Second, a “quadratic modifier” will be implemented to moderate the influence of large token holders, valuing broader community participation more. Finally, each user’s voting power will be calculated by combining the amount of AXS staked. The effect of the quadratic modifier, and the individual Axie Score.

The development of the Score System has been a collaborative process between Axie community builders and the Sky Mavis team. An inaugural committee, composed of community leaders and senior Sky Mavis members, has worked intensively to create an initial version. This first version is considered a prototype that will serve as a foundation for future iterations and improvements, based on continuous community feedback.

The announced launches represent a milestone in building a meritocratic governance model in the web3 gaming space. This model seeks to empower players and enable more inclusive and democratic decision-making within the Axie Infinity community.

The post Axie Infinity Presents its Governance Portal: Moving Closer To Full Decentralization appeared first on Crypto Games 3D - Blockchain Games List, News and Reviews.

Tiny World, HUGE update!
We are so excited!

What's coming?
Genesis Tinymon #NFT egg event
Voting system for DAO
Equipment enhancement in Tiny Kingdom

Check out our latest medium post for full details!https://t.co/dB1YvyMQ4x#Tinyworld #BNBchain #GameFi #P2E

— Tiny World (@tinyworldgamefi) December 8, 2022

Details of the Tiny World Ecosystem Update

Tiny World introduced the ecosystem update by launching the Tiny kingdom refinement system. Following this launch, players can now upgrade the current abilities of their weapons by burning SPIRIT. The more SPIRIT they use, the higher the ability of their weapon to deal damage. However, users can only upgrade their artillery to 90 at most by refining. In addition, the chances of completing the process successfully reduce as your equipment becomes more efficient.

Meanwhile, the team is enabling players to refine their firepower by increasing the ranking rewards for ranking high in Tiny Lords. From 8:00 AM UTC on the 8th of December 2022, users will earn double the usual compensation for finishing top of the leaderboard. However, they did not state how long this new benefit would continue.

Speaking of the community, they are set to become more influential stakeholders in this ecosystem. This is because Tiny World is set to launch the TinyDAO Governance Voting Function. As mentioned in a previous update, the team created this feature to empower users with the right to manage the platform’s assets. Once this component goes live, community members will make their voices heard via their choices at the polls. Meanwhile, there was no assigned date for this release.

Genesis Tinymon Egg Presale Set for Next Week

The major highlight from this update is that the team will launch the Genesis Tinymon Eggs via a private sale in the coming week. Recall that the Tiny Pets were unveiled earlier in November, where the team also gave insights into their in-game use.

This includes:

• Use in combat
• Breeding
• Eyes, Tails, Collars, Ears, Paws, and Markings traits.

There was also a pet naming event. The team stated that further details about this merchandising event before the end of the week.

The post Tiny World Announces Ecosystem Update appeared first on Crypto Games 3D - Blockchain Games List, News and Reviews.

With the new development, community members can now participate in the Governance voting process by signing up on the platform’s space on SnapShot.org. PlayPoseidon mentioned it will launch a few Economic changes to enable its players to begin voting for these changes.

PlayPoseidon DAO Governance voting !!!

Start participating in the Governance voting process of the Game by joining our space at: https://t.co/2h8wbdw1AI

Detail on voting and changes that follow: https://t.co/odRJE9eEwB#PlayPoseidon #NFT #P2E #GameFi #Metaverse #DAO pic.twitter.com/TikaujCq0y

— PlayPoseidon NFT P2E Game (@PlayPoseidon_io) September 21, 2022

Highlights of the Proposed Economic Changes

PlayPoseidon DAO Voting System: The game platform now calculates each player’s voting power using three factors:

• Numbers of NFT Hero you own. One Hero is 100 points.
• Number of Rare Treasure you have: One Rare Treasure is 12 points
• Number of PPP you have in your on-chain BSC Wallet: One PPP is 1 point.
• Number of PPP owned in the Liquidity Pool PPP/BNB pair in Pancakeswap: One PPP is 2 points.

The total points make up each player’s voting power.

Economic Changes Proposal: There are three proposals, each having a week for every community member to vote. The details are enumerated below:

• Stops to Minting NFT Hero Tier C: According to the PlayPoseidon game platform, this change is a result of the fall in the price of PPP as playing at Tier C no longer offers adequate financial incentives to players. The game platform emphasizes that existing Hero Tier C is still upgradable, playable, and High Score Tier C is claimable. 
• Cap F2P Minimum Share Ratio to Scholar for all Heroes at 50%: This is to enable NFT Hero owners under the Poseidon’s curse to have fair incomes from their NFT. The current value of the NFT Hero is equal to 100% minus the Hero Efficiency, but Cursed Hero has a low-income ratio. 
• Boost F2P Offer Expiration Duration for all Hero Tiers: PlayPoseidon plans to increase the duration of Offer Expiration for all Tiers. Tier A will have a maximum of 21 days, Tier B 7 days, and Tier C 3 days. With this, NFT owners can spend less time renewing offers.

How to Vote in the PlayPoseidon DAO Governance

• Click on the “Connect Wallet” to sign in to the SnapShot.org platform.
• Select your preferred proposal and click on “Vote”. The platform will prompt you to sign the vote in Metamask or your preferred wallet.
• Click “Sign” to complete the voting process.

Note that the platform does not charge any transaction fee for the process.

The post PlayPoseidon Onboard Its DAO Governance Voting Project appeared first on Crypto Games 3D - Blockchain Games List, News and Reviews.