The protocol’s revenue has similarly exploded from around $670,000 in May to now more than $250,000,000 in July 2021. In the 12 months from July 2020 to August 2021, Axie’s daily active users (DAU) grew from 500 to more than 1 million. All other tokens (such as Axie pets and in-game NFTs) currently live only in the exclusively-Axie Ronin network. This means that they are the only Axie assets that can be readily sent back to the base Ethereum network for trading in the broader world of decentralized finance (Defi) such as the Uniswap exchange. SLPs and AXS are Axie’s only ERC-20 tokens (eg, Ethereum-native tokens). This $AXS token is a key differentiator in that it makes Axie a leader in an emerging type of video games called “play to earn.” The $AXS token can also be used to purchase land, SLPs, or Axies. Similar to equity stock, the $AXS token gives its holders voting and revenue-sharing rights.
Users can earn by playing the game, staking tokens, or participating in governance. This is a newly-introduced governance token. The most important token is the Axie Infinity Shards ( $AXS) token. “Some of the games are created by us and some of the games in the future will be created by other developers ,” said COO/Co-founder Aleksander Larsen. Sky Mavis plans to create more games within the ecosystem and as well as make the game open-source. Thus, Axie’s gameplay options are expected to expand.
#Axie infinity logo code
The community using Lunacia’s open-source computer code will create these games. The long-term plan is for Lunacia to be a world of many games. But, it’s worth noting that 9 premium land plots recently sold for $1.5 million. Land plots are not fully operational right now, nor the main focus of this article. This real estate is located in “the Axie homeland” called “ Lunacia.” There are about 90,000 land plots but only 17,000 of them will ever be player-owned. More details about how the game is played are outside the purpose of this article but you can read about it here.īesides Axie pets, the other most important in-game NFTs are plots of virtual land. Each Axie is the result of real time spent in the game.” As Jiho puts it, “The creation of an Axie is kind of like a proof-of-work system. Users earn SLPs through completing daily challenges and player-versus-player battles. Users cannot control exact traits of new Axies. However, each Axie is the result of random chance and virtual genetics. Newborn Axies share the traits of their parents. Axie creatures can breed a maximum of only seven times (#scarcity). This is done by paying a fee in the game’s native Axie ($AXS) token and burning – we are not kidding – Smooth Love Potion ($SLP) tokens.īreeding Axies is similar to real-life pets.
In order to create a new Axie, you must breed two Axies together. These tokens can, in turn, be sold for other cryptoassets and ultimately real-world assets.Įach Axie pet is a NFT unique in its form, body parts, characteristics, and experience points.Īxie pets. Users can earn native tokens by completing daily challenges and competing in player-vs-player battles. Axie Infinity pets face-off in a player-versus-player battle.Īxie Infinity is a first-mover in the “play-to-earn” category of video games. Users can own, trade, breed, play, and battle with animated creatures called Axies. You gotta love it.Īxie Infinity is a Pokémon-inspired video game built on its own Ethereum sidechain. “ We don’t look at Axie as just one game - we see it as the entire universe,” said Axie Infinity co-founder and Growth Lead Jeff “Jiho” Zirlin in a recent interview with Bankless. But its core developers at Sky Mavis Labs are on a serious mission. Let’s dive into the Axie Infinity universe (and maybe soon, metaverse?). Is it just a fad? Or the dawn of a new global financial system? Some people are even quitting their jobs to play Axie full-time.Īxie’s revenue, user growth, and future possibilities are breathtaking. It’s a video game where people fight with animated creatures & NFTs. Axie Infinity might be the weirdest and yet most incredible cryptoasset.
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