The trading elements and gameplay of Axie Infinity are proving an attractive combination. Players can also use tokens to breed new Axies, which can then be sold on. This allows frequent users to reap profits as engaging in battles levels up the Axies, which increases their worth on the marketplace. Each Axie and every piece of equipment is an NFT, which can be traded on the marketplace. SLP is more common and has lower worth, while AXS has a higher price and is a rarer asset.Įvery Axie is unique, from its body parts to attack moves, giving them individual worth that is utilised through the blockchain. There are two different crypto tokens up for grabs: the Small Love Potion (SLP) and AXS. The gameplay uses a turn-based strategy where the players’ Axies attack each other using different cards. By battling with other players, users can gain rewards in the form of the game’s tokens. There are two main ways players can earn through Axie Infinity. This means that players are given crypto rewards for their time and investments. Its first round of funding reached $7.5m with a contribution from American entrepreneur Mark Cuban.Īxie Infinity has created a videogame phenomenon by combining the Ethereum blockchain with a play-to-earn model. It’s not the only time Sky Mavis has attracted substantial investment. Trung Nguyen founded the game studio, which has a valuation just below $3bn since it raised $152m from crypto investors in Series B funding last month. Many of the original Sky Mavis team met playing CryptoKitties, another NFT game. The Pokémon-inspired NFT game was created by Sky Mavis, a game studio based in Vietnam. Read on to have everything you need to know about Axie Infinity explained… What is Axie Infinity?Īxie Infinity started off as a fun and educational way to introduce the world to blockchain technology, but it has since attracted worldwide investors, and its AXS token is currently sitting at number 27 on CoinMarketCap. This has allowed users to make a stable income just from playing the game. The AXS price has shot up this year, from $1 to above $100. Players can also trade their monsters on the non-fungible token (NFT) marketplace using the game’s cryptocurrency, Axie Infinity Shards (AXS). But there is much more to the Axie universe than meets the eye.Īxie Infinity is a play-to-earn game, which rewards players with crypto tokens when their vibrant cartoon monsters win a battle. Watching the colourful digital pets attacking and flailing at each other, Axie Infinity may not look much like a lucrative investment.
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