Crypto:
29856
Bitcoin:
$67.851
% 2.13
BTC Dominance:
%52.9
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
Bitcoin:
$ 67.851
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

What Is Axie Infinity (AXS) ?

Axie Infinity is an online video game that was created by Sky Mavis and built on NFT (non-fungible token) technology. It draws inspiration from the Pokémon game series.

The popular Pokémon video game series served as inspiration for the blockchain game Axie Infinity. During the game, players can acquire tokens through various means. Since 2017, online games based on NFTs have gained increasing popularity. Axie Infinity enables players to acquire, breed, combat, and trade digital creatures called Axies in a manner reminiscent of games like CryptoKitties. 

You might like it: What Are Cryptocurrency ETFs?

Axie Infinity features unique Axies, which are NFTs that players can breed to produce offspring or trade on the in-game Axie marketplace. In addition to breeding and trading Axies in Axie Infinity, players can also earn income in the form of two ERC-20 tokens: Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). 

AXS serves as the primary governance mechanism of Axie Infinity, allowing players to have an impact on the platform’s development. 

What is axie infinity

On the other hand, SLP is earned by playing Axie Infinity and can be used to breed new Axies, which can then be traded in-game for AXS. In this manner, investors who do not wish to play Axie Infinity also can buy and sell both tokens on decentralized cryptocurrency exchanges (DEX). 

In addition to these core functionalities, the developers of Axie Infinity have created new game areas by opening up certain aspects of the Axie universe to community developers. 

With this intention in mind, they aim to foster communities of players who actively contribute to the game universe. This also includes not only earning tokens but also actively participating in shaping the future development of Axie Infinity.

What Makes the Axie Infinity Unique?

Axie Infinity places a significant emphasis on fostering a player community, so this commitment is a key feature of the game. Players actively contribute to shaping the player-driven universe by engaging in the game’s governance and generating their own content.

Through the “play-to-earn” functionality, which is based on the AXS token, so this involvement is becoming more and more included in the game.

Within this decentralized framework, also a Community Treasury accumulates revenue from Axie Infinity and staking rewards players earn. 

Once game governance fully decentralizes, players will actively influence the utilization of Community Treasury funds.

Axie Infinity Team

Trung Thanh Nguyen – CEO 

Aleksander Leonard Larsen – COO 

Tu Doan – Art Director and Game Designer 

Andy Ho – CTO 

Jeffrey ZirlinGrowth Lead  

Roadmap of Axie Infinity (AXS) 

  • The first quarter of 2020: Land and Items migrated to Ronin ✔️
  • Q1 2020: Land and Items migrated to Ronin ✔️
  • Q2 2021: Axies migrated to Ronin ✔️
  • Q2 2021: Axie: Origin Alpha ✔️
  • Q3 2021: $AXS staking ✔️
  •  2022: Land Gameplay Community Alpha✔️
  •  2022: Land gameplay✔️
  •  2022: Lunacia SDK Alpha (N/A, converted to builder’s program cookbook for now)✔️
  •  2023: Axie Part Upgrades

Market Data of Axie Infinity (AXS) 

The total supply of Axie Infinity is 270,000,000, and also the current circulating supply is 119,284,894, which accounts for approximately 44% of the total supply

Where and How Can You Buy Axie Infinity Coin? 

Moreover, the AXS coin is currently listed on several major cryptocurrency exchanges, including Binance, KuCoin, Coinbase, and Bitfinex. Also the easiest way to purchase AXS coins is through the Binance Exchange. 


You can share your opinions in the comments about the topic. Also, follow us on TelegramTwitter, and YouTube for more content like this.

Leave a Reply

Your email address will not be published. Required fields are marked *