Markets->Axie Infinity

Axie InfinityAxie Infinity PriceAXS


Market Statistics

Market Cap$1.00B
24h Volume$68.12M
Circulating Amount$270.00M
Price Change (1h)-2.77%
Price Change (24h)-4.91%
Price Change (7 days)-2.41%

About Axie Infinity(AXS)

Axie Infinity is a round card printing game based on Ethereum network, which allows players to breed, breed, fight and trade Axie creatures. Axie Infinity describes itself as a game inspired by Pokemon and Tamagotchi, using non-fungible tokens (NFTs) to represent unique creatures, abilities, plots and other assets in the game.

Players can obtain two kinds of tokens by playing Aksai infinite in adventure or arena mode, namely Aksai infinite fragment (AXS) and small love potion (SLP). AXS, as a management token, allows token holders to vote on the future development of the game experience. SLP is a token used to breed axes in the game.

For regular updates from the Axie Infinity team, you can bookmark their blog, including updates to the game. To play this game, you can visit the Axie Infinity website and start breeding and fighting your Axie.


Who is the Founder of Axie Infinity?

Axie Infinity was launched by Vietnam game studio sky Mavis in 2018 and co founded by Trung Thanh Nguyen and Aleksander Larsen. The 40 person team full-time engaged in Axie Infinity is led by Trung, who is the current CEO of the platform. Before co founding Axie Infinity, he worked in software engineering. Larsen, another co-founder and current chief operating officer of the game, used to be a competitive game player, participated in Warcraft 3 and dota on behalf of the Norwegian national team, and was also an experienced commercial developer.

Since its first launch, Axie Infinity has undergone several important updates and added more features. Land games will also be launched in 2022, which are still under internal testing, and AXS bet will be launched soon.


What Makes Axie Infinity Different?

A key feature of Axie Infinity is that game developers are committed to building a player community to contribute to the universe in the game by participating in game management and providing player generated content. Through the game revenue function centered on AXS token, this participation is gradually established in the game. Part of this decentralized structure will be a community finance department, which will collect the revenue generated by Axie Infinity and some of the rewards players receive from the bet. Once game management becomes sufficiently decentralized, players will have a say in the use of community revenue.

The mechanisms in some games also make Axie Infinity different from other similar blockchain games. One of them is the built-in population control, which means that each Axie can only be bred seven times in total. Developers realize that controlling the population and its growth rate is a fine balancing act. The slow population growth pushes the price beyond the price range of most people or the rapid population growth leads to unhealthy inflation.

In addition to the controlled NFTs population, axes has its own attributes that make it infinitely diverse. This creates additional demand among players, especially when it comes to the rarest Axie types, which have become coveted collectibles.

The sky Mavis team announced with great interest a new feature of the game, that is, AXS token will soon become a mortgageable asset. Game players will be able to accumulate regular rewards by betting their tokens, but they will also be expected to continue playing and participate in game governance to do so.


What Gives Axie Infinity Value?

In the Axie universe, Axie Infinity tokens (AXS) and smooth love position (SLP) are used to breed and trade axes in the game, and axes can generate more of these tokens through trading and games. In addition, the limited supply of AXS makes it a scarce asset, so it may be a good store of value in the long run, because the token will not depreciate due to unlimited inflation.


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