What is Axie Infinity?
Axie Infinity is a turn-based card battler centered around characters known as Axies.
Background
Nguyen Thanh Trung, Tu Doan, Aleksander Larsen, Jeffrey Sirlin, and Andy Ho founded Axie Infinity in 2019 under the company Sky Mavis.
How Does It Work
There are thousands of variations of Axies, each represented as an NFT with unique body parts and special abilities. Players who battle using Axie NFTs and complete missions can earn in-game resources. These resources are fungible tokens that have real monetary value and can be used to enrich the Axie universe. The game is built on Ronin, a specialized blockchain, requiring players to hold any tokens in a Ronin wallet.
AXS is the utility and governance token of Axie Infinity. Players need AXS tokens to breed more Axies. They can stake AXS to earn additional rewards. The highest-ranked players earn AXS rewards for winning battles and other gameplay actions. Players expect AXS to give holders the ability to propose and vote on changes to the protocol.
Key Takeaways
- The core gameplay loop of Axie Infinity revolves around Axie’s battle.
- Axie Infinity runs on its blockchain called Ronin.
- $AXS is the governance token for the game, while $SLP is the utility token for the game.
