Have you played Axie Infinity?
Apurva Rajkotia
Agentic & Vertical AI: Sports Tech CEO/CTO @ LootMogul | Founder, Wharton
Long before NFT collectibles like artwork and videos came into the picture, many crypto-based games were already built in the crypto-space. When NFTs finally started picking up traction, Axie Infinity, a game developed by indie studio Sky Mavis, took off. And it has grown bigger ever since. In fact, it recently passed $4 billion in NFT sales, which is a whopping 29,000 crores in Indian Rupees.?
And given how NFTs and the Metaverse are gaining pace, Axie Infinity’s popularity is sure to grow manifolds.?
Here’s What The Game Is All About
Inspired by the widely beloved PokemonGo, Axie Infinity allows you to collect and raise cartoonish monsters (called Axies) and pit them against one another. You also get to customize their shape, size, and characteristics to your liking. Plus, you can even breed them.?
?How Does It Work?
As for the gameplay, Axies has four vital stats: skills, health, morale, and speed. And each Axie is represented by an ERC 721 token, which makes it unique and, hence, valuable in the NFT marketplace.
It runs on the Ethereum blockchain with a little assistance from Ronin, which is a sidechain that minimizes transaction delays.? The core of the game is its turn-based combat, which you engage in either against live opponents or computer-controlled Axies.
At its heart, it’s a play-to-earn game, where players have to go through an extensive, multi-step onboarding process. New users must also link their digital wallets with their Axie Infinity account, and borrow or buy Axies to play the game.?
In total, there are two native tokens that the game uses:
(AXS) - Axie Infinity Shards
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(SLP) - Smooth Love Potion
Both these Tokens are tradeable on the Ethereum network.
Once you begin playing the game, you start earning AXS and SLP. Where AXS is what the Axie Infinity Ecosystem runs on, SLP is the currency you must spend on breeding.?
Therefore, an AXS holder ensures the longevity of the decentralized gaming platform, while SLP holders can trade the currency for real money.
In a nutshell, the more you play, the more you earn.
In fact, many people have quit their jobs and become full-time Axie Infinity players, earning an impressive, sustainable income with it. Plus, somewhere down the line, the game is poised to become a DAO (Decentralized Autonomous Organization), thereby reducing the stake of creators, and transferring the majority of control to the community.
It’s quite a fascinating approach to creating something valuable for the entire community. A place where people who play it are responsible for its success by becoming an integral part of it and leading from the last.?
Have you tried the game yet?
Let me know your thoughts in the comments.