Axie Infinity Developer Sky Mavis to Stake over 11 Million $AXS

Axie Infinity developer Sky Mavis said the company will stake the 11,475,000 $AXS on its balance sheet to reinforce its long-term commitment to the Axie Infinity ecosystem. Per the original $AXS vesting plan, Sky Mavis, Ltd. has been receiving scheduled allocations of $AXS. The remaining 11,475,000 $AXS has been held by the organization since they were acquired, and none have been sold on the open market. Staking this $AXS represents Sky Mavis's strong alignment with a new type of social contract, one where players and developers work and build together through aligned incentives.