HomeBlockchainWhat is Axie Infinity? Understanding the Basics

What is Axie Infinity? Understanding the Basics

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Sky Mavis’ Axie Infinity is a non-fungible token-based online video game with an in-game economy based on Ethereum-based currency.

Axie Infinity is based on the classic Nintendo game series. Axies, which are Pokémon-like creatures, are involved. Axies are virtual creatures that users may own and utilize to fight, breed, collect, develop, and build kingdoms. Axie Infinity stands apart from other online games because of the link it has established between traditional online gaming and blockchain. The Ethereum-based game features a premise that allows players to own their virtual assets while also rewarding high-level players.

How do you play with NFTs?

Axie Infinity is the most powerful player in the world of NFT gaming. The Axie creatures are represented by NFTs, which are in-game digital assets. In this game, you may breed Axies, allowing you to build potentially stronger teams and earn more NFTs to sell on the market. As previously indicated, these cryptographically unique tokens serve as a means of transferring ownership and allowing users to trade axies for real money on the game’s market.

Furthermore, Axie Infinity has the third-highest sales of all time in the field of NFT projects. As of March 2022, Axie Infinity has $4.17 billion in total NFT revenues, which was less than Opensea’s $23.21 billion and LooksRare’s $18 billion.

What is the AXS token?

Axis Infinity Shard (AXS) is Axie Infinity’s native governance token. AXS may now be used to pay for raising expenses. AXS token holders will be able to vote on game choices and development in the future, as well as stake AXS tokens to gain prizes inside the game.

The price of the Axie Infinity tokens, known as Axie Infinity Shards (AXS), and the in-game money Smooth Love Potion determine the cost of minting and breeding Axies (SLP). AXS may be purchased on cryptocurrency exchanges like Binance, FTX, and Huobi Global, while it is not presently accessible on Coinbase or Binance. However, decentralized exchanges such as Uniswap and SushiSwap provide it. 

Connect your wallet to Uniswap, pick AXS from the drop-down menu, and then select the asset you want to exchange it for. Enter the amount you wish to exchange, and Uniswap will calculate how much AXS you’ll get back. If the numbers match up, click “Swap,” and the transaction will be completed.

What to expect?

Sky Mavis’ objective, is to build a fight system that is more entertaining, attractive, and engaging, as well as to bring the Axie ecosystem to a wider audience.

In the alpha version, players may expect to see the following gameplay changes:

  • Power-ups: In Origin, there are two new power-ups: runes and charms. Players’ Axies outfit them, and they grant different bonuses. Runes grant Axies additional passive skills, while charms are wearables that boost an Axie’s natural talents
  • Sequential turns: Axies in Origin will now perform their attacks immediately after playing cards. Rather than picking their cards all at once at the start of a round, opposing trainers will take turns utilizing them. Trainers will now be in continual action by either playing their cards or closely studying their opponent’s actions
  • Card changes: While most cards will transfer over to Origin, they will now play differently because most cards only have one of two values – attack or defense. Additionally, new cards relating to an Axie’s sight and ears will dramatically expand the meta options. Instead of simply four, each Axie now has six cards attached to it
  • Free starter Axies: Each player will receive three non-NFT starter Axies, allowing them to begin playing the game right away without having to pay anything

These additions make the game livelier, more enjoyable, and more skill-based, as well as more appealing to a broad audience.

What does the future look like for Axie Infinity?

Many individuals are getting their first taste of blockchain-based games or experiences with such gameplay.  While there are still many questions and ambiguities around blockchain-based experiences, the fact that such a platform exists is significant, and it will undoubtedly affect future trends. It will be interesting to see what the future holds for Axie Infinity, with newer features and many players in the crypto world coming for it.

Smriti Rajan
Smriti Rajan
Smriti Rajan comes from a political science and literature background, having an immense passion for writing across varied topics. She has written several articles and blogs for diverse audiences worldwide. She has produced several research publications, policy frameworks, and opinion pieces for think tanks, government institutions and corporates. Alongside this, she writes for a large Fortune 500 clientele and is a key contributing writer for Wikistrat on their EMEA desk. Currently, she resides in India.

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