Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as “Axies” (characters based on axolotl), which are digitized as NFTs. New players need to purchase at least three axies to begin playing. Eighteen months after launch, Sky Mavis estimated that the average player has 1-2 Axies each worth about $100.
The game is available on the Apple App Store, Google Play Store, Facebook Gameroom, Steam and web browsers. It was released in March 2019.
Axies are bought or bred using Ethereum -based cryptocurrencies Axie Infinity Shards (AXS)and Smooth Love Potion (SLP).
Axie Infinity is developed by Vietnamese studio Sky Mavis. As of October 2021, it has 2 million daily active users. The company has plans to add new features, including a player-vs-player (PvP) arena and a “dungeons and dragons” style game mode.
Axie Infinity has a “pay-to-earn” model where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency
The Philippines has been a hotbed for cryptocurrency activity, and not just because of the pandemic lockdown. In June 2021 during that time period many people were playing Axie Infinity as their main source of income according to CNBC report. The Department Of Finance clarification on tax treatment also hints at what they may class these coins under: either currency or security (which would mean different things depending upon where you live). As it stands now majority playerbase is based out there which suggests how lucrative this game really could be!
Sky Mavis is an exciting new company that raised $1.5M in funding just last month to help them accelerate their work on Axie Infinity! The round was led by Animoca Brands, with participants including Hashed Pangea Blockchain Fund ConsenSys 500 Startups and others.
Axie Infinity is a game that uses the Ethereum blockchain to create and trade digital assets called non-fungible tokens or NFTs. In the game, players can earn these tokens by playing or breeding their axies. The tokens can then be traded on exchanges for other cryptocurrencies or used in the game itself.
One of the things that makes Axie Infinity so unique is that users can cash out their tokens every fourteen days. This means that they can receive real-world value for their in-game assets, which is a huge draw for many players.
Axie Infinity is still in beta, but it has already garnered a large following. The game has been described as a form of gambling, with one user suggesting that it should be regulated on a federal level.
In the Axie Infinity Digital World, you collect and grow your collection of Axies with the help of others and explore all there is to offer! Battle friends and foes in epic battles and rank high in our community leader boards to find out who truly is the best captain in this world!
In 2021, Sky Mavis raised a $152M Series B at an unprecedented valuation for the gaming industry. The lead investor was A16z with close partners Alexis Ohanian and Mark Cuban – all three are world renowned individuals in their respective fields!
They’ve recently partnered with HTC and will be holding an exclusive launch party, making Axie Infinity the first blockchain game to have a physical location!
After creating your account. You are allowed to buy three starter axies for any value of ETH you wish at market price. You can also use one of your shares or the amount in your wallet if you have it. After this, there are no fees for breeding, raising, collecting or playing in battles until you want to cashing out.
At certain points in the game you’re able to breed two axies together which creates a new generation that is more powerful than either of its parents. If this goes well then that’s about it really – enjoy spending time levelling up
It is clear that Axie Infinity has a lot of innovation and strategies behind the game, but do they have competitors in this space? Well it seems like there are not many games with such high-quality graphics out there. If you’re looking for more than just playing battles against other players then you will be happy to know that Axie Infinity also offers RPG dungeon quests, which may prove even more popular when released into the beta version of the game. With all these features and competitive pricing (the developers offer three starter axies at any value), what’s stopping you from getting involved today? Let us know how we can help make your experience on Axie Infinity an enjoyable one by contacting our team!