Axie Infinity is a game in which you can collect virtual pets known as Axies. You can battle, breed, and raise them. The game is different than other games because it uses blockchain technology. This means that players can own their virtual assets and the game will reward players who are skilled at playing.
- Axie Infinity is a game that you can play online where you collect creatures called Axies.
- Axie Infinity is different than other online games because it uses blockchain technology.
- Axie Infinity is a gaming company that is well-known for their play-to-earn games.
To start playing, you need to go through a multi-step process to connect your digital wallet with your Axie Infinity account. This is all explained in the game’s onboarding guide.
Once your accounts are connected, you can start playing the game. In order to play, you will need 3 Axies. You can get Axies by buying, trading, or breeding them. The average price for an Axie varies depending on things like rarity, experience, and other factors.
Axies that are less expensive cost around $30. These Axies are not as strong in battle and will not make as much money for their owners. Players can expect to pay a few hundred U.S. dollars for a team of Axies that are usable and upwards of $1,000 for a rare Mystic Axie.
Non Fungible Tokens (NFTs)
Axie Infinity is a popular game that uses digital assets called “Axies.” These Axies can be traded for money on the game’s marketplace.
Axie Infinity is a popular project on the NFT market. It has generated over $4 billion in sales, making it one of the most successful projects on this market.
Play-to-Earn Business Model (P2E)
The play-to-earn business model is relatively new to the gaming industry, and it rewards gamers who offer value to the game’s ecosystem in some way. Play-to-earn is built on the freemium concept, which means that it is free to begin and then allows users to pay for extra features, content, gear, or simply to go faster through the game.
Prior to February 2022, the free-to-play model employed by Axie Infinity was not standard. Players must start with three Axies, according to decrypt.co, however the firm is reported to be developing a free in-game starter monster package to attract new players who are unwilling or unable to pay current premium costs. Granted, starter monsters won’t be able to offer much in the way of reward tokens, but the change might bring the game even more people.
Governance Tokens – Axie Infinity Shards ($AXS)
ERC-20 is one of the most important Ethereum tokens. This standard was created to serve as a technical specification for all Ethereum smart contracts. It’s interesting because Axie Infinity Shards (AXS) are an ERC-20 governance token for the Axie Universe, and it can be compared to the game’s native currency.
As of February 27, 2022, the AXS has increased by over 3,000% in value when compared to the U.S. dollar.
Axie Infinity’s AXS tokens are meant to decentralize the ownership and governance of the game so that it better aligns the interests of developers and the community of players.
Reward Tokens – Smooth Love Potion (SLP)
Lunacia is the homeland for Axies. Players can buy, rent, and be developed by other players on tokenized plots of virtual land called Terra. The gameplay is still being actively developed, but the idea is that players will be able to control their own territory.
People who own virtual land will be able to find AXS tokens on their plots. These tokens can be used to upgrade things on the land, like the Axies that live there. The concept is still in early stages, but this will have a big impact on the future of the game.
The Bottom Line
Axie Infinity is a game that uses blockchain technology. This means that the game is based on a digital ledger. This makes the game very interesting because it is one of the first games to use this technology. For many people, this will be their first experience with a blockchain-based game.
Blockchain-based experiences still have some challenges and uncertainties, but it is worth noting that this project exists. It is likely to have an impact on future trends. With the development of land-based gameplay on Lunacia, or the continued breeding of unique Axies, the future of Axie Infinity will be interesting to see.