Why buy Axie Infinity (AXS)
One of the main reasons to buy AXS, the token of Axie Infinity, is that it’s the cryptocurrency of one of the most famous play-to-earn games ever created. This crypto, built on the Ethereum blockchain following the ERC-20 standard, is unique among its peers. It serves as both a utility and governance token, essential for playing Axie Infinity and for participating in decisions about the game’s future. Moreover, it can also be staked to earn rewards.
If you’re deciding whether to buy Axie Infinity or not, you’ll also want to know that the maximum supply of this play-to-earn token is capped at 270 million units, with the last AXS being issued in 2026. Therefore, if you believe in the bright future of blockchain gaming, buying AXS could be a wise choice. Currently, very few video games can compete with the one developed by Sky Mavis.
What is Axie Infinity (AXS) and How Did It Start?
Based on the “play-to-earn” model, Axie Infinity is among the most popular decentralised video games in the crypto market. Its gameplay involves finding, enhancing, and trading fantastical creatures that inhabit its colourful world. The characters have interchangeable body parts, and players are encouraged to collect them based on their “class.” How does the economic system of Axie Infinity work? It is based on two tokens: SLP and AXS, Axie Infinity Shards, the governance token. Additionally, each Axie – the name for the collectable creatures – corresponds to an NFT.
The entire game development is managed by the software house Sky Mavis. Based in Vietnam, it was founded by Trung Nguyen and Aleksander Larsen. The idea originated from their passion for gaming. In particular, Nguyen was inspired by the famous Cryptokitties and decided to develop his own play-to-earn blockchain game. Currently, the game boasts prestigious partners like Ubisoft, Maker, Samsung, Binance, and AAVE.
Buying Axie Infinity (AXS) might make sense if you believe these illustrious partners will contribute to the future developments of the game.
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