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Axie Infinity

AXSUSD
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1.020

-0.080-7.27%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-7.27%

5 Days

+13.33%

1 Month

+3.03%

6 Months

-6.42%

Year to Date

+27.50%

1 Year

-53.00%

Key Data Points

Opening Price

1.100

Previous Closing Price

1.100
Price Range of the Day
1.0201.150
52-Week Price Range
0.7802.950
More news coming soon, stay tuned...

Axie Infinity Technical Analysis

1m
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30m
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2h
4h
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1m
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Technical Indicators

Sell

Summary

Neutral

Moving Average

Buy

About Axie Infinity

Axie Infinity is a blockchain-based game that allows players to collect, breed, raise, battle, and trade unique digital creatures called Axies. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity offers a compelling gaming experience where each Axie is a non-fungible token (NFT) with its own distinct attributes and strengths. The core gameplay revolves around building a team of Axies and engaging in 3v3 battles. Players can earn experience points (exp) by winning battles, which can be used to level up their Axies' stats or evolve their body parts. The game features over 500 different body parts, each with its own unique battle moves, allowing for an incredible amount of Axie variation and customization. A unique aspect of Axie Infinity is its player-owned economy. Players can breed their Axies to produce new and unique offspring, which can then be traded on the Axie marketplace. The game also has its own governance token, Axie Infinity Shards (AXS), which allows holders to participate in key decisions about the game's development and the allocation of funds in the Axie Community Treasury. Axie Infinity was created in 2018 by Sky Mavis, a technology-focused game development company based primarily in Vietnam. The co-founders, Trung Nguyen and Aleksander Larsen, have a strong background in software engineering and blockchain technology, which has helped shape the game's innovative design and implementation. One of the game's defining features is its focus on community engagement. Axie Infinity encourages players to contribute, participate in governance, and generate content, fostering a vibrant and active ecosystem. The game also introduces various mechanics, such as the ability to stake AXS tokens to receive rewards, that further incentivize player participation and involvement.

How does Axie Infinity work?

The gameplay of Axie Infinity is centered around fighting and breeding Axies. Players first need to acquire Axies, either by purchasing them on the marketplace or breeding their own. They can then participate in battles, choosing either the Adventure Mode (PvE) or Arena Mode (PvP). Winning battles earns players experience points that can be used to level up their Axies' stats or evolve their body parts. Players can also breed their Axies, but each Axie can only be bred a maximum of seven times. The resulting offspring can then be traded on the Axie Infinity marketplace. The game also features a metaverse-like environment called Lunacia, where players can search for resources and upgrade their land plots.

What makes Axie Infinity unique?

Axie Infinity has a few unique features that differentiate it from other blockchain-based games. Firstly, each Axie possesses six out of hundreds of potential body parts, each with its own battle move, resulting in essentially endless variety among Axies. Additionally, Axies can only be bred a total of seven times, helping to control the overall population of Axies. Axie Infinity also has its own mating hub to help players find suitable breeding matches. Unlike some other stakeable assets, AXS holders need to both vote and play the game to claim their rewards.

How does Axie Infinity address the scalability issue?

To address the scalability challenges associated with running the game on the Ethereum blockchain, Axie Infinity has created its own sidechain called the Ronin Network. The Ronin Network ensures instant transactions without involving the Ethereum blockchain. Users can safely store their AXS tokens and Axie NFTs in Ethereum and Ronin wallets, and seamlessly transfer tokens between the two networks using the Ronin Bridge.

Axie Infinity

1.020
-0.080-7.27%
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