What is Axie Infinity?
Based on a play-to-earn model, Axie Infinity is among the most popular decentralised video games on the crypto market. Its gameplay consists of finding, upgrading and trading fantasy creatures, which populate the colourful world of Axie Infinity. Characters have interchangeable body parts and players are encouraged to collect them according to 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. In addition, each Axie – as the collectible creatures are called – corresponds to an NFT.
Why follow the Axie Infinity price?
Through the AXS token, the Axie Infinity universe remains decentralised and allows users to participate in the project. Axie Infinity Shard is an ERC-20 token, based on the Ethereum blockchain. The maximum supply is 270 million, which guarantees price deflation for this crypto. The token is now dispensed through staking and play-to-earn rewards. By 2026, the last AXS will be issued into circulation.
How was it created?
The entire development of the game is in the hands of the software house Sky Mavis. The company is based in Vietnam and was founded by Trung Nguyen and Aleksander Larsen. The idea was born out of their passion for gaming. In particular, Nguyen was struck by the famous Cryptokitties and decided to develop his own blockchain-based play-to-earn game. It currently boasts prestigious partners such as Ubisoft, Maker, Kyber netword, Samsung, Binance and AAVE.
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