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Hot Five: Axie Infinity Currency Crashes, Apex Legends iOS Downloads | Pocket Gamer.biz

To keep you up to date with the biggest news in mobile gaming, we round up the five most-read stories on PocketGamer.biz each week.

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Developer Axie Infinity Sky Mavis’ utility currency Smooth Love Potion (SLP) dropped to $0.004 on May 12 as the developer strives to ensure the sustainability of in-game ecosystems, player businesses and profitability players in tier three countries.

Respawn Entertainment has plenty to celebrate, following the release of Apex Legends Mobile on May 17, the title becoming the most downloaded game on the App Store in 60 countries, including Germany, India, Japan, the UK and US, according to an initial snapshot from Sensor Tower.

Mobile games studio Product Madness has announced that it is establishing a new development center in Barcelona, ​​Spain, with the intention of continuing its growth, as the company has tripled in size over the past three years. The new Barcelona studio is its fifth internationally, having opened offices in the UK, Ukraine, Israel and Poland.

The newly formed pnkfrg studios – pronounced pink frog studios – founded by former King team leaders, has raised $3 million in seed funding to create mobile gaming experiences via the blockchain network, although the the studio’s intention to bring Bitcoin to user-generated video content. remains ambiguous.

Eric Seufert, a mobile game marketing analyst, has launched a $10 million investment fund to back advertising and mobile game startups with backing from 38 investors, including Supercell and Gamejam’s Christian Calderon.