Axie Infinity (AXS)

Axie Infinity is a blockchain-based game inspired by Pokémon, built on the Ethereum platform. It was launched in 2018 by Sky Mavis, a developer from Vietnam.

The game centers around players breeding, raising, and battling adorable creatures known as Axies. Players can create a land-based kingdom for their Axies. If you don’t own any Axies, you can join the game by purchasing them from other players through the Axie Infinity Marketplace.

Both Axies and virtual real estate are available for sale in the form of NFTs via an in-game marketplace. A significant distinction between Axie Infinity and traditional games is that players receive crypto tokens as rewards for their contributions to the ecosystem.

This innovative gaming model is referred to as “play to earn.” As a “play to earn” game, players can sell items—including Axies, in-game real estate, and accessories like lamps, barrels, and flowers—through the Axie Infinity Marketplace, while also collecting tokens generated by the game.

Most transactions occur on a sidechain called Ronin, which was designed by Sky Mavis to offer lower fees compared to the main Ethereum blockchain.

There are two crypto tokens utilized in the game:

• Axie Infinity Shards (AXS)
• Small Love Potion (SLP)

The primary token, Axie Infinity Shards (AXS), is an ERC-20 utility token essential for playing the game. Its total supply is capped at 270,000,000 AXS. Players can earn AXS by participating in various games within the Axie Infinity Universe and achieving high ranks on leaderboards.

AXS also functions as a governance token, enabling holders to influence future changes to the game. Additionally, AXS can be traded like bitcoin, ether, Cardano, or any other cryptocurrency.

The second token, Small Love Potion (SLP), is awarded to players for their time spent in the game. Players can earn SLP by defeating an opponent’s Axie or by completing in-game quests. The more you engage with the game, the more SLP you can accumulate.