AXIS AXS/USDthe native token behind it ax infinity, has rallied over 20% as the Play-to-Earn blockchain platform explains the project’s decentralization.

What happened: Axie said Monday that a group of over 700 influential community members have come together to shape the future of Axie Infinity.

At the time of writing, AXS was trading at $8.36, making it the 50th largest cryptocurrency with a market cap of nearly $812 million, according to CoinMarketCap.

See more: Best Crypto Apps

The team at A blog entry stated that they strive to achieve a situation where “invested” community participants have the opportunity to choose how to resource the Axie Infinity ecosystem.

The project is still in the early stages of decentralization. “As progress is made on the decentralization continuum, actions such as forming councils, resource allocation, in-chain voting, and activating the Treasury unlock,” the blog post reads.

The primary goal is to charge the collective with the promotion of self-government. Therefore, in May, a team of core members of the Axie Infinity community, the “City Builders”, was formed.

Price promotion: Apex Crypto Bitcoin BTC/USD was trading lower at $17,043.42 on Monday night, down 1.19%. ether ETH/USD was $1,265, down 1.11% and Dogecoins DOGE/USD down 2% in the last 24 hours.

Continue reading: Bitcoin, Ethereum, Dogecoin Battle Rate Hike Scares: Analyst Says Crypto Relief Rally Is “Not Over Yet”