Hi, Travelers!
Axes Metaverse Q2 Update (1/2)
You may have noticed that in recent months, we have been in a state of inactivity, not releasing any updates or making any statements regarding partnerships. We have some news to share about the project and our future plans.
Initially we had the strategy to acquire traditional gamers and convert them into Web3 gamers alongside having already crypto-oriented Web3 gamers and gaming guilds. We see that on the current market Axes Metaverse has failed to fulfill this strategy.
Traditional gamers happened to see no interest in Web3 products. We have spent several months improving the basic metrics of the product and price of the user. Still we see that current data is still nowhere close to the industry benchmarks. The game initially had 12% D1 retention which we managed to improve to 26%. Still the price of the install is around $5. Paired with the low conversion into Web3 user rate (around 3-5%) it makes it impossible to scale the project and make profit.
