Axie Infinity is an Ethereum blockchain-based game where players own, breed, and sell creatures called Axies. Axies are little monsters consisting of six randomly chosen body parts. Besides collecting Axies, players can also assemble a team of three creatures and fight against other players’ teams to gain experience and SLP (Small Love Potion), a token that is used to breed Axies.
Based on the success of other creature collecting games like Pokemon, Jade Cocoon, and others, Axie Infinity gives it a new twist: each Axie is a non-fungible token that can be bought and sold, allowing players to profit from their hobby. The pool with parts for creature creation is enormous: it provides an infinite amount of possible combinations making every Axie unique. However, creatures with rare and powerful parts are not easy to obtain, so players are encouraged to trade with each other. They also breed their Axies with other players’ creatures purposefully, since each Axie can only be bred seven times.
However, the main token of the Axie Infinity game is AXS (Axie Infinity Shard), an ERC-20 governance token. Players can use this crypto on the Axie Infinity NFT marketplace to buy Axies, eggs, or pieces of in-game furniture, as well as use it to influence the future development of the game by voting for fund distribution. There are also plans to introduce staking with AXS tokens in Q3 2021 according to the project’s roadmap. Last, but not least, AXS holders will receive dividends from the community treasury in the future.
Axie Infinity was created by the Vietnamese developer Sky Mavis in 2018. The project’s founders are a programming and start-up prodigy Trung Thanh Nguyen, an avid and passionate gamer Aleksander Leonard Larsen, and a Yale graduate and once professional World of Warcraft player Jeffrey Zirlin.
They met each other through CryptoKitties, another Ethereum based game, and agreed that the project was far from being sustainable. This is how the idea for Axie Infinity was born: a game targeted at a specific niche of the cryptocurrency market, with a sustainable economic model and well-thought-out development plan. If you look at Axie Infinity’s white paper now, you will see that Sky Mavis has been bringing their ideas to life for 2.5 years.
The game has gained the love of thousands of people and continues to surprise the world, the most expensive creature so far was sold for 300 ETH in 2020, while a plot of land was sold for 888 ETH (around $1.5 million at the time).
If you wish to become a happy Axie parent and get AXS, start by using the widget below or go to the SimpleSwap homepage and follow the instructions:
We hope this article helps you get acquainted with AXS. Make sure to check out articles about other cryptocurrencies!