axie infinity

Axie Infinity is a blockchain-based game where anyone can earn tokens through playing games and contributing to the ecosystem. The game aims to align the motives of players and developers in new and fascinating ways.  

• Founder: Sky Mavis
• Founded: 2018

Key Features:

• Allows players to raise, collect, battle, and build a land-based kingdom for their pets.
• Players get rewarded with crypto tokens when their vibrant cartoon monsters win a battle.
• Players can also trade their monsters on the NFT marketplace using the game's cryptocurrency. 
• Players can purchase virtual lands in the game's universe, Lunacia and this land can be used to host Axies and generate resources.

While it is a fun game, it's also taken on characteristics of a social network and jobs platform due to the strong community and play-to-earn opportunities that have come from its early success. Although it is still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. It has generated over 6,400 ETH in revenue (2M+ USD) so far.

FAQs

1. What is the in-game currency?

The primary in-game currency that players earn by completing tasks and winning battles is Smooth Love Portion (SLP) and the other currency used for governance and staking is Axie Infinity Shard (AXS).

2. Where are Axies and tokens stored?

Axies and tokens can be stored in cryptocurrency wallets that support Ethereum-based assets like MetaMask.