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@0xak_

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NFTs since 2018 | Founded first Axie scholarship | NFTs, DeFi, Gaming, Shitposts | @stanford alum | Validator @Ronin_Network @berachain @eigenlayer

0xak.eth
Joined March 2018
Don't wanna be here? Send us removal request.
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@0xak_
ak
2 years
Don't allow them to exist.
@delete_shitcoin
☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️
2 years
Holy shit lmao
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@0xak_
ak
2 years
1/n Let's talk about a roadmap for @AxieInfinity recovery. Clearly the current economic issues are challenging + will not be fixed overnight. These problems should have been addressed earlier for sure. But that is the past. I believe the economy is still fixable. A long thread:
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@0xak_
ak
3 years
Scholarships in @AxieInfinity turned 1 year old yesterday! It's amazing how far we've come in such a short time. I vividly remember setting up the first accounts & wondering if there was anyone crazy enough to take me up on my little experiment. Turns out there were millions. 1/8
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@0xak_
ak
1 year
@KyleLDavies I, too, think of you as an oyster: Slimy, difficult to catch, and better off at the bottom of the ocean.
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@0xak_
ak
3 years
In this @AxieInfinity house, we only use strawberries.
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@0xak_
ak
3 years
Welcome home, lost friend. $BUGS has been claimed from @NIFTEX and has a new home... in my wallet! I've always wanted a rare-class @AxieInfinity mystic, and I am thrilled I was able to complete this buyout!
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ak
3 years
Nobody puts my @AxieInfinity Piranha in a corner.
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@0xak_
ak
2 years
Please say hello to the first 6/6 Summer Axie! Only took 3 generations for @maxbrand99 and I to hit it! @AxieInfinity #LunacianSummer
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@0xak_
ak
2 years
1/n Let's talk about @AxieInfinity land, today's land update, why it was received poorly, a way forward for those who want one, and putting meat on the bones of a proposal to emit $AXS for land-owners. As always, a long thread. Let's dive in.
@AxieInfinity
Axie Infinity
2 years
1/ Thanks to everyone that tuned into our land development stream today. We’ve received and reviewed tons of early feedback on the presentation. Your voices have been heard.
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@0xak_
ak
2 years
Season 19 @AxieInfinity 3k club with a new group of weirdoes. Yes, that is watermelon on the reptile.
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@0xak_
ak
2 years
6/n Step 1: Cut PVE & Daily Quest earnings to 0. This will immediately reduce the daily minted supply, and is a drastic solution fit for a difficult time. Many players will leave -- this is OK -- skilled players and people who enjoy the game will stick around + earn more.
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@0xak_
ak
3 years
Successfully made it to 2k in a day in @AxieInfinity with my triple aquas in @Khairru_Axiegg 's budget challenge! Didn't quite beat @Indes_Axiegg winrate (his 73%, mine 70%), but this felt like a real achievement with 3x aquas while facing tons of pure aquas. 0.152 for the team!
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@0xak_
ak
2 years
26/n Finally, to those who say everything is fine or suggest blind faith: You're wrong. Things are not fine, and pretending they are does not help. Yes, the market is down, that does not matter. Axie would be here either way if things continued as they are. So let's fix it.
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@0xak_
ak
3 years
Who said beasts in @AxieInfinity were dead?!
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@0xak_
ak
2 years
Dear @AxieInfinity bots, Sell me all the axies you want at 0.008 then fuck off
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@0xak_
ak
2 years
9/n Step 2: Remove the 800 MMR earning cap. Bots primarily farm in adventure, and on average have no better than 50% winrate if PVPing other bots and clicking randomly. At low MMR, this means at most a small amount of SLP anyway. Players should be able to win+earn with any axie.
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@0xak_
ak
3 years
If your username has 'outplay' in it... More @AxieInfinity Strawberry fun.
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@0xak_
ak
25 days
Seeing @PacmanBlur hand out gold like candy to people who did nothing more than buy a memecoin when people have been burning ETH farming scammy DApps for months makes me throw up in my mouth a little.
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@0xak_
ak
2 years
In addition to whatever bidding I may be doing, I am also running a fundraiser within my scholarship to help contribute to recovery from Typhoon Odette (kickstarted with 150k SLP). We will be donating the proceeds tomorrow!
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@0xak_
ak
1 year
@HsakaTrades Relax, they issued a statement:
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@0xak_
ak
2 years
WAGMI = We're All Going (to) McDonalds Interviews
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@0xak_
ak
3 years
Bug tanks in @AxieInfinity are fun.
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@0xak_
ak
3 years
On today's episode of "How low can you go" in the @AxieInfinity budget challenge, my 0.1 ETH team hit 2k MMR. This team was hilarious to play, and beating termis mostly involved 'torturing' them with heals and squeaking out a win. Highlights in thread.
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@0xak_
ak
2 years
7/n Step 1 cont.: This will be a shock to the system, and players who are not aligned with this direction will be angry, but not everyone can be pleased. Those who stick around will be rewarded with higher asset prices and a healthier economy over time.
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@0xak_
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2 years
4/n Where does all this SLP come from? Almost 75% comes from PVE (adventure) and the Daily Quest, while 25% comes from PVP gameplay. Put another way, 75% of all SLP minted does not require interacting with another human. This is problematic, and a major source of the oversupply.
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@0xak_
ak
2 years
The first @AxieInfinity Wavy plant Axie was hiding in one of our final eggs, a lucky hit on a 3-part w/3-part instead of the hundreds of misses we had on better pairs!
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@0xak_
ak
3 years
Another @AxieInfinity budget challenge in the books for me, this time with a 0.131 ETH team in ~6-7 hours or so -- 0.001 cheaper than @Indes_Axiegg 's team too! 70% winrate again, since I lost some games doing dumb things.
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@0xak_
ak
2 years
23/n Axie can no longer be a source of Universal Basic Income for all. It is a mistaken assumption/framework I believe both the team and I have used in the past. Axie's new era must be skill-driven. It must also work to attract players who will spend in-game in the future.
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@0xak_
ak
2 years
Bridged to Solana for the first time for @okaybears . I blame @Nate_Rivers and @ArnoldPoernomo . Send it to zero or not, WAGBO anyway.
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@0xak_
ak
3 years
Like the good old days with @Elijah_MT8 @Indes_Axiegg !
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@0xak_
ak
3 years
Death to grass snake. I may be old and crotchety and semi-retired at @AxieInfinity , but I still manage decently sometimes with my 2x aqua!
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@0xak_
ak
2 years
Thanks to the @KarafuruNFT team for this lovely honorary featuring two of my favorite NFTs I've ever minted. Picked up a couple tonight during the fire-sale.
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@0xak_
ak
3 years
I am opening up my scholarship for new applications, with a focus on PVP players. If you are interested, please apply here and follow the directions in the application:
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@0xak_
ak
2 years
Just sent off this ~$12,500 donation to @YGGPilipinas on behalf of my entire @AxieInfinity scholarship -- hoping all PH-Lunacians are safe, and I know YGG will put these funds to good use in helping provide aid to communities as they recover from the typhoon.
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@YGGPilipinas
YGGPilipinas
2 years
YGG is working with community managers to raise money for #OdettePH victims. For Eth, you may send donations to yggph.eth. For Ronin, pls send to ronin:bf298227e40c55f5d5a85e5aecc61c622f4b20ac @YieldGuild @kookoocryptotv @helloluis @gabusch @Goltra @AxuSprakyYGG @Shanksplaysaxie
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@0xak_
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1 year
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@0xak_
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2 years
10/n Step 3: Rework the energy system. The current energy system heavily favors multi-accounting and scholarships. Instead, give every Axie utility by awarding 5 energy per Axie per day. Since energy in PVP is the only way to earn SLP, this leads to ~55m energy/day maximum.
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@0xak_
ak
2 years
25/n The Axie economy is not permanently dead, but it is certainly wounded. The longer it takes for these changes to happen, the longer recovery will take, but I don't expect the team to give up and let the game die. I hope to see changes in the upcoming weeks which will help.
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@0xak_
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2 years
27/n Small addition: I believe @maxbrand99 was the original person who suggested AXS rewards, and his data is also used for my stats on % from PVE/PVP. Missed the tag/credit earlier :)
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2 years
2/n Let's start with the most important & glaring problem: There is roughly a 3:1 mint:burn ratio of $SLP which has been the case for several months, leading to oversupply of $SLP. Loss of faith & lack of growth has led to stagnation that even breeding changes can no longer fix.
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@0xak_
ak
2 years
jesus jumping fuck i just bred 458 @AxieInfinity eggs, including 77 chances to hit a 6x in 5 days... someone please send thoughts and prayers for my wallet and my clicking hand...
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@0xak_
ak
2 years
Added a few more @okaybears lately. The chain doesn't need to be on for me to enjoy them.
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@0xak_
ak
1 year
@ercwl ah, inner peace
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@0xak_
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2 years
It's a triple shiny! Definitely the highlight of my @AxieInfinity hatching stream today, as usual, hiding in one of the last eggs that we hatched!
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@0xak_
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2 years
@DegenSpartan JAN: CNY Selling FEB: Spring Cleaning Selling MAR: Early Tax Selling APR: Tax Selling MAY: Post-Tax Selling JUN: Post-Post-Tax Selling JUL: Summer Selling AUG: Early Ghost Month Selling SEP: Ghost Month Selling OCT: Early Holiday Selling NOV: Holiday Selling DEC:Early CNY Selling
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@0xak_
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2 years
15/n Step 4 cont.: We can now jump-start the economy through a breeding event with limited-time collectible skins. The catch? In addition to requiring AXS and SLP, breeding Axies for this event requires 'Mutant Axie Serum' which can only be gotten by burning an Axie.
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@0xak_
ak
2 years
Web3+Play & Earn gaming shouldn't give a fuck whether you're 13 or 75: All should be welcome, and all should have a chance to contribute to, learn about, or earn from the space. Scholarships & 'asset rentals' are not employment, and replicating shitty IRL policies is regressive.
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@0xak_
ak
2 years
3/n Many solutions to this problem have been proposed in isolation, but each is a small band-aid on a wound that demands a tourniquet. If this bleeding out continues, it is not hard to imagine where Axie is headed. So it cannot continue.
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@0xak_
ak
3 years
@AxieInfinity market cycles are surprisingly untethered from the broader crypto and NFT markets. 'Yield' from scholarships is steady and reliable, the Ronin marketplace is on fire, and land/collectible axies are moving along nicely. It feels good to be free.
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@0xak_
ak
2 years
Save the date: My final hatchathon will be September 1st at 8pm Eastern. Over 600 eggs, of which 182 are 6x6. During the stream on Sept 1 I will be giving away a couple wavy Axies, a shiny, and a few other summer Axies to celebrate as well.
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@0xak_
ak
2 years
12/n Step 3 cont.: This gives real utility to each marginal Axie, and encourages casual players to hoard. It also encourages scholarship managers to reward their best players. It encourages people to purchase Axies to increase their earnings, and rewards skill-based gameplay.
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@0xak_
ak
2 years
Send help, @Nate_Rivers and @ArnoldPoernomo keep making me buy @okaybears . The Lofi is #4 for me, and even if my wallet balance is not okay, this bear definitely is Okay.
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@0xak_
ak
3 years
My Japanese @AxieInfinity collection is starting to take shape -- Exciting to discover some of my breeding accidents are now super collectible gems, including 9 4x Japanese beauties! Named 'em all tonight.
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@0xak_
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2 years
13/n Step 3 cont.: With these changes, we have now cut SLP emission drastically, shifted earnings to skilled gameplay, and reduced SLP emission to scale with the number of Axies in the economy. Long-term, SLP emissions should scale with the burn rate, I believe.
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@0xak_
ak
3 years
Coming soon to a strawberry farm in @AxieInfinity near you.
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@0xak_
ak
2 years
Easily my @AxieInfinity summer morph of the day: 3x Summer Parts on a Dawn Wet-dog!
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@0xak_
ak
3 years
Yesterday a scholar of mine bought a fridge for their family. The day before, one bought an oxygen tank for his parents recovering from COVID. The day before that, a baptism was paid via a scholar's $SLP earnings, and the day before that, school tuition. These stories matter too.
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@0xak_
ak
4 months
A bit more color on my views about the terrible misstep @SkyMavisHQ and @AxieInfinity are making: - Land staking is and has been a way for land owners to slowly gain value and ownership in Axie over time - The fact that many land staking rewards are sold stems from the fact
@0xak_
ak
4 months
Asking the @AxieInfinity community to please stand up to the core team about these land reward changes and help them see that they are running the game into the ground if they follow thru with it. I have been dealing with some health issues that make me unable to deal with
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@0xak_
ak
2 years
Made it to challenger in @AxieInfinity Origin!
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@0xak_
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2 years
@atozy Hope he likes having it written to the Ethereum blockchain forever that he is a scamming shitbag.
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@0xak_
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1 year
***Support Community-Run Validators*** First things first, I have lowered my @Ronin_Network commission rate to 5% to be in line with other community-run validators. Secondly and more importantly, TheRonin .Tech, InfiniteNode, and Ronin Catalyst are run by Sky Mavis employees
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2 years
19/n Long-term, SLP issuance can reward players from a fixed daily pool based on average burn rates over the previous two weeks. Rather than earning SLP directly, players earn 'Points' and the daily pool of SLP is split proportionally across all 'Points'-earners that day.
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@0xak_
ak
11 months
@Christianeth fuck you're gonna have to work like 20-30 years to get that back
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@0xak_
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2 years
11/n Step 3 cont.: Realistically, probably only ~25-30m of energy/day will be used. Considering each game has a winner and loser, this is now 12.5-15m energy worth of wins/day, where a win yields ~4-5 SLP on average. This means SLP production is 50-60m/day, maybe lower.
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@0xak_
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2 years
8/n Step 1 cont.: This change will make 40-50% of the Axie population which is not well-suited for PVP (chop-suey Axies, as they are known) lag in value, as their current utility is primarily farming adventure. We address this problem with the next steps.
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@0xak_
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2 years
5/n There is also a glut of 30 Billion SLP, even if we halted production entirely today. We will burn through this gradually once the mint rate is less than the burn rate. Turning the economy around is a multi-step process, and requires using these solutions in tandem:
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@0xak_
ak
16 days
I had my wallet maliciously included in at least one of the @LayerZero_Labs third-party Sybil reports. I'm sure it won't be the last, despite being the furthest possible thing from a Sybil user (10k+ Stargate LP for 1 year+, years of onchain history including thousands of non-L0
@ymittal_NFT
bholu.eth
16 days
Bro just mass reported ens of @underground members in a @LayerZero_Labs sybil cause he knows if he somehow bypasses this, he's cooking 👨‍🍳 Reasons? 1. Large transfers in/out = same entity 2. All had a L0 txs Very thorough analysis, should publish a paper or something.
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@0xak_
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2 years
All aboard the @AxieInfinity Chopsuey Express, choo choo! Next stop: not my wallet.
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@0xak_
ak
2 years
18/n Please note that this is still a temporary solution -- long term, the economy must be balanced using more reflexive mechanisms that adjust minting and inflation rates to match growth and burning rates. This should happen with Origin and beyond.
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@0xak_
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2 years
16/n At this point, we have now balanced mint/burn ratio and stopped the bleeding, we have added some utility for all Axies, and we have created a catalyst to reverse the death spiral, and instead have burn rates > mint rates.
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@0xak_
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2 years
24/n These big-spenders will be essential for Axie. Most F2P games are supported by a small number of whales/big spenders, and I believe Axie's play-and-earn economy will be similar. Attracting these players is for another thread, probably tomorrow :)
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@0xak_
ak
2 years
Yes, of course I logged into my vault @AxieInfinity account first. The new art looks great!
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@0xak_
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2 years
22/n The above can also be supplemented by dipping into the P2E allocation for $AXS to reward top performers partially in $AXS instead, further reducing SLP mint while giving skilled players meaningful ownership of the game (credit to @JDHyper on this!)
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ak
2 years
It is time!
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2 years
17/n This creates demand for Axies and SLP too, as players buy Axies from the market once the economy is balanced and faith is restored. Skilled players now earn more and are incentivized to hold Axies. Over time, the excess 30B SLP is burned as burn > mint.
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@0xak_
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2 years
21/n Solutions I see often discussed barely make a dent in the problem or don't solve it at all (e.g. buybacks, burn-for-emojis, gambling, pricing in SLP). They are especially ineffective when the firehose is still on. Every day 150-200m in excess SLP is minted, ~$1.5-2 million!
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@0xak_
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2 years
20/n But even before Origin, the steps I discussed here should be taken to set up the new release for success. Launching in the current environment would lead to substantial baggage and dead-weight to shed before Origin could shine.
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@0xak_
ak
1 year
Happy to share that together with @maxbrand99 , we will be running a validator node for @Ronin_Network . I'll be adding an additional $RON stake to the node in the coming days, and would appreciate any delegators who join us to help ensure we can take a top-10 spot!
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@0xak_
ak
4 months
Asking the @AxieInfinity community to please stand up to the core team about these land reward changes and help them see that they are running the game into the ground if they follow thru with it. I have been dealing with some health issues that make me unable to deal with
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@0xak_
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3 years
It's my hope in the year to come that scholarships continue to grow, that we do not lose sight of the model's origins and intentions, and that the model continues to improve & evolve over time, just as I am sure @AxieInfinity will. 8/8
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@0xak_
ak
2 years
This @CyberKongz crew of mine is a force to be reckoned with. Max-level and max-aesthetic!
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@0xak_
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2 years
@0xfoobar I always regretted not buying the Napoleonic War dip, excited to get a second chance.
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@0xak_
ak
2 years
Let's talk about the buzzword of the day: "Free-to-own" In the context of @gabrielleydon and @DigiDaigaku this is the idea of an NFT collection that's free to mint and generates future NFTs by owning the 'Genesis' NFT over time. This needs context within NFTs & gaming. 1/many👇
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@0xak_
ak
3 years
Did you or your @AxieInfinity -focused guild raise too much money? Are you still going to be homeless in the Metaverse? Consider picking up this 39-plot arctic estate I just listed for 600 ETH: The largest estate on the market in a killer location.
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@0xak_
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1 year
Look out, @OpenAI just invented NFTs
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@0xak_
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2 years
14/n Step 4: At this point, we have a stagnant economy that is no longer bleeding out millions a day in oversupply. But not a healthy one. Some Axies' value will still be lower, as not every Axie will have found utility and there is a limit to # of energy usable per day.
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@0xak_
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2 years
This is the first piece of really good news to come out of @AxieInfinity in awhile, and I have to admit -- I missed it. Looking forward to seeing this ASAP and getting everyone up to speed on the first Metaverse land *with* earning utility. PS. This also helps w/ governance :)
@AxieInfinity
Axie Infinity
2 years
We've put together a post detailing the progress we've made on Land Staking. Enjoy 🤝 ⤵️
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@0xak_
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10 months
@NinjaBoffin @WatcherGuru @nypost I hate myself for it, but I did laugh
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@0xak_
ak
2 years
Happy 1st Birthday @CyberKongz ! What started as a fun pixel-art PFP experiment of 1000 OS-Storefront JPEGs for 0.01 has matured into a thriving ecosystem of VX+Baby+Gens & community of many of the smartest+ kindest people pushing the boundaries of NFTs. Here's to many more!
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@0xak_
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3 months
thanks for the mute @Psycheout86 glad you hate your @AxieInfinity users so much that when they beg for better wallet security and not to get screwed by your greed, you retaliate with a timeout
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@0xak_
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2 years
Today's @AxieInfinity morphs came out nicely: Added 13 new 6/6 Wavy Axies to the collection (bringing us to 16 total lifetime)!
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@0xak_
ak
3 years
The only thing that will truly fix this is having enough @AxieInfinity for 1B+ people. One of the reasons exploitative programs exist is simply because honest and legitimate programs like mine and @gabusch 's cannot keep up w/demand, and too many people desperately want accounts.
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@0xak_
ak
3 years
And to be clear, yes, we fucking care. We care that 200,000+ people are empowered to safely earn a respectable income playing @AxieInfinity from anywhere, we care that bad actors are removed and put out of business, and we care about creating a positive and impactful community.
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@0xak_
ak
1 year
Friendly reminder than the $AXS unlock contains no 'Investor' portion (they are fully vested), only 'staking rewards'. Even the next unlock in 3 months has no investors, only advisors & @SkyMavisHQ who has yet to sell/circulate any of their $AXS or $RON.
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@0xak_
ak
3 years
no
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@0xak_
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2 years
I came, I Klawed, I conquered... #OOH ! Look at the NFT I won from #TheKlaw , @cyberkongz newest experience in Play & Kollect! --> Pretty awesome first Klaw run!
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@0xak_
ak
9 days
If you have a valid & well-researched Sybil report but do not have 0.5 ETH to bond, I may be willing to perform the bond for you in exchange for a portion of the resulting reward. Please reach out at sybilbounty @gmail .com if so. I will not open attachments, plaintext please.
@LayerZero_Labs
LayerZero Labs
9 days
Sybil bounty submissions are re-opening shortly under a new process on Commonwealth that will require a bond. Submission Criteria We are implementing a bonding mechanism into sybil bounty reporting, which means only addresses that post a bond are eligible to submit a report on
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@0xak_
ak
2 years
We hatched the first @AxieInfinity Wavy Dawn on stream tonight! Love the golden color, easily my favorite. Thanks everyone for coming to hang out, will do it again for my next hatching session in a few days once I get these ones bred out!
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@0xak_
ak
10 months
Happy to see the first open NFT mint on @Ronin_Network went well. There is clearly demand on the Ronin side (beyond the good mint UI/UX) that should encourage projects to consider RON over Polygon/others. The 0xak validator even validated a few mint blocks!
@Ronin_Network
Ronin
10 months
That’s a wrap! All 3000 Ronin Genkai have been minted. Welcome to the family, @Cyberkongz 🩸🤝
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@0xak_
ak
2 years
Let the fun begin! My final hatchathon starts now: I'll be scattering ~10 @AxieInfinity giveaways throughout the stream, as well as hatching over 600 summer eggs. Come hang out!
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@0xak_
ak
2 years
In times like these, I believe in a flight to quality. Welcome to the family, #7526 .
@cryptopunksbot
CryptoPunks Bot
2 years
Punk 7526 bought for 72 ETH ($171,893.51 USD) by 0x00bc5b from 0x6b6ae8. #cryptopunks #ethereum
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@0xak_
ak
25 days
why on earth am I trying to guess the results of a roulette wheel for insane amounts of gold instead of being rewarded for actually putting in time, effort, and capital toward projects that have a chance to survive post-farming period? terrible, broken incentive mechanism
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