What is Axie Infinity?

Axie Infinity is a game on the blockchain.

It features economic incentives in order to encourage players to play for longer.

You may have heard the term ‘play-to-earn’ when referring to a new category of video games where players receive rewards during their gaming experience.

Axie Inifinity is one of the most famous and successful examples.

The game is centred on ‘axies’, creatures with six body parts for which 500 options are available.

Each axie is therefore very unique and has strengths and weaknesses when it comes to battling with other axies.

Players can breed, raise, trade and battle the creatures. Each axie is digitized as an NFT using the Ethereum blockchain. Since April 2021, Sky Mavis (the company behind the game) has developed the Ronin blockchain, an ethereum side-chain specifically dedicated to supporting this game.

Winning battles allows players to win SLP (Smooth Love Potion), a crypto-currency token.

Players can then convert SLP in other cryptocurrency outside of the game.

SLP is needed to breed axies in increasing amounts with each iteration of breeding.

SLP also allows players to buy digital items within the game.

Breeding also requires AXS (Axie Infinity Shards), another crypto-currency token used as a governance token.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s