Axie Infinity is a blockchain-based game in which players buy NFTs of cute monsters and can use them to compete against each other. The popular game Pokémon inspired the creators of Axie Infinity in its development. The cryptocurrency Axie Infinity Shard (AXS) is Axie Infinity's native governance token. This is a type of token that, for example, gives you the right to vote on decisions in the future of the coin.
Axie Infinity is a play-to-earn game, meaning you can earn money by playing it. For example, as you develop your Axie you can raise NFT to a higher value or by winning battles you can earn SLP (Smooth Love Potion). This is a cryptocurrency token that you can trade to other crypto or Fiat currencies. You can play with your Axies against the computer or compete live against people over the Internet. Axie Infinity itself runs on the Ethereum blockchain with help from Ronin, a sidechain that ensures costs and transaction delays are minimized. All in-game items are also on this blockchain and are traded as NFTs (Non-fungible tokens) in a marketplace on the platform.
But how can you go about playing Axie Infinity? The game itself you play on PC, Mac, Android or iOS. To get started with Axie Infinity, you first need three Axie NFTs to assemble a team. You can purchase these via a Ronin wallet. Through Anycoin Direct it is therefore not (yet) possible to play the game, but you can buy investment tokens AXS. As the game grows, it is likely that the price of AXS will also rise. Investors in this token therefore have hope in the future of the game Axie Infinity.
In 2018, Axie Infinity was launched by Sky Mavis, a technology-focused game developer founded by Trung Nguyen and Aleksander Larsen.
The maximum number of AXS tokens is 270 million of which as many as 102 million will be in circulation by October 2022. The current expectation is that by 2026 all AXS tokens will be in circulation. AXS also gives you the right to determine the future of the coin.
Axie Infinity is inspired by Pokémon. Namely, with AXS you can buy Axies with which you can play against other users. The Axies each have their own characteristics and therefore have different values.
Axie Infinity statistics from the last 24 hours
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A Liquidity Event for Axie Infinity took place in October 2020, during which 29,700,000 AXS tokens were distributed at a price of $0.10. After that, Axie Infinity took about six months to rise above the value of $10 per AXS. But when Axie Infinity averaged 450,000 visitors per day in 2021, the price went up fast. It finally reached its all-time high of $164.90 in November 2021.
In recent years, there have been a number of adjustments within Axie Infinity's network. Not all of them directly impacted the course, but would certainly have had an impact here.
For example, in February 2021, the Ronin Wallet was launched by the game developer. It was designed so the network would have a higher transaction speed and lower transaction costs. The Ronin Wallet not only had an impact on Axie Infinity, but it also allowed other dApps to improve their transaction speed and cost. This through the Rhonin sidechain.
Later, in September 2021, it became possible for AXS holders to stake it. In doing so, you stake a certain amount of your AXS for a time, receiving more AXS in return. Because AXS can be staked, it gave Axie Infinity the ability to gain AXS with battles against others.