Axie Infinity (AXS)
Overview of Axie Infinity
Axie Infinity, established in 2018, is a play-to-earn NFT game developed by Sky Mavis. Originally built on the Ethereum blockchain, it now operates on Ronin, an Ethereum sidechain tailored for the Axie Infinity community. This sidechain enhances scalability and provides a smoother gameplay experience. Players participate by collecting creatures called Axies, battling other players to earn SLP tokens, which can then be traded.
Evolution of Axie Infinity
In April 2021, Axie Infinity transitioned to the Ronin sidechain. This move aimed to enable faster transaction confirmations and reduce gas fees, benefiting the game's scalability. Ronin was developed to mitigate Ethereum network congestion issues and improve the overall user experience.
| Ticker | AXS |
| Category | Gaming (GameFi) |
| Website | https://axieinfinity.com/ |
| @axieinfinity | |
| Telegram | axieinfinity |
| Contract Addresses | |
|---|---|
| ethereum | 0xbb...8b Copied! |
| ronin | 0x97...ceCopied! |
| binance-smart-chain | 0x71...a0Copied! |
| energi | 0x7c...fbCopied! |
| harmony-shard-0 | 0x14...deCopied! |
Sky Mavis
Founding and Vision
Sky Mavis is a tech-focused game studio founded in 2018 by Aleksander Leonard Larsen, Jeffrey Zirlin, and Trung Nguyen. Based in Ho Chi Minh City, Vietnam, the company developed Axie Infinity with a vision to create a sustainable digital ecosystem that is enjoyable and inclusive.
Leadership and Growth
Sky Mavis is led by CEO Trung Thanh Nguyen, COO Aleksander Leonard Larsen, Art Director Tu Doan, CTO Andy Ho, and Growth Lead Jeffrey Zirlin. From 2019 to 2022, the company secured significant funding and support from major entities like Samsung and Binance.
Gameplay in Axie Infinity
Game mechanics
Axie Infinity is a turn-based card game where players use their Axies to battle opponents. Players can participate in different modes, such as Adventure Mode and Arena Mode, each offering unique challenges and rewards. Players start each turn with a set of cards and energy, aiming to reduce their opponent's Axies' health to zero.
Adventure mode
In Adventure Mode, players engage in PvE battles against Chimera, leveling up their Axies and gathering rewards. The storyline is divided into chapters, each with stages that players complete by achieving specific goals.
Arena mode
Arena Mode allows players to face off against each other in PvP battles. Success in this mode requires a strategic combination of Axies, cards, runes, and charms.
Axies
Characteristics and breeding
Axies are collectible creatures with six body parts that determine their abilities. Players can breed Axies to create new combinations, each possessing unique traits. Breeding is limited to control the Axie population, with each Axie having three genetic traits that influence its offspring.
Types of Axies
Players can collect two main types of Axies: Starter Axies and Personal Axies. Starter Axies are free in-game characters for new players, while Personal Axies are NFTs that can be bought, sold, and traded.
Classes and power-ups
Axies are categorized into nine classes, each with strengths and weaknesses. Players can enhance their Axies using runes and charms, which provide bonus effects and passive abilities.
Lunacia
Land ownership and gameplay
Lunacia, the Axie homeland, is divided into tokenized land plots that serve as bases for Axies. These plots can be customized and upgraded using resources gathered in the game. Landowners may also find AXS tokens and other resources on their plots.
Community treasury
The community treasury, launched in 2021, receives distributions from game products and staking rewards. It collects fees from marketplace transactions and breeding, ensuring a sustainable ecosystem.
Axie Infinity tokens
Axie Infinity Shards (AXS)
AXS is a governance token within the Axie Infinity ecosystem, launched in November 2020. Players can earn AXS through gameplay and use it for staking, governance, and as a payment method in the marketplace.
AXS use cases
AXS holders can participate in staking to earn rewards, influence governance decisions, and use AXS for payments within the Axie NFT market.
Smooth Love Potions (SLP)
SLP is another native token earned through gameplay in Axie Infinity. It is used primarily for breeding Axies and is listed on various exchanges.
Funding and marketplace
Funding rounds
Axie Infinity has attracted significant investment, including a $150 million funding round led by Binance in April 2022. This funding aims to support the game's development and user compensation.
Marketplace
The Axie Marketplace is where players buy and sell Axies. Transactions involve a Dutch auction process, with Axie Infinity collecting a commission on each sale.
Partnerships and collaborations
Collaborations with industry leaders
Axie Infinity has partnered with several prominent entities, including MakerDAO, Samsung, Kyber Network, Binance, Aave, and Chainlink. These partnerships have integrated various technologies into the game, enhancing its features and user experience.