Axie Infinity is a player-owned blockchain-based commerce and battle game.
Axie Infinity lets players acquire, breed, grow, combat, and trade token-based Axies.
These Axies come in over 500 distinct body parts, including aquatic, beast, bird, bug, plant, and reptile parts. Axies can have any combination of bodily parts, making them exceedingly varied, unusual, and distinctive.
Each Axie has unique qualities and strengths, and may be utilized in 3v3 combat to gain experience points that can be used to level up an Axie's stats or evolve its body parts. Breeding Axies together creates new and unique offspring that may be utilized or sold in the Axie market.
Axie Infinity features its own governance token, called Shards (AXS). These allow holders to vote on crucial governance issues and determine how Axie Community Treasury monies are used.
Sky Mavis, a technology-focused game developer headquartered in Vietnam, produced Axie Infinity in 2018. Trung Nguyen and Aleksander Larsen co-founded it.
Trung Nguyen is the current CEO. Nguyen earned a BS in computer software engineering before creating Axie Infinity.
Aleksander Larsen, a former competitive player, is listed as co-founder and COO. Larsen began blockchain gaming in 2017. He was formerly the executive security officer for the Norwegian Government Security Organization and is still the Blockchain Game Alliance's Secretary of the Board.
25 full-time Axie Infinity workers have game development expertise.
Axie Infinity uses two tokens: AXS and SLP (previously Small Love Potion) (SLP). AXS holders are members of Axie's decentralized structure and may help influence the platform's future by determining how to spend treasury money or the ecosystem fund. SLP, gained during gameplay, may be used to breed young Axies.
AXS and SLP are both ERC-20 tokens traded on Ethereum.
Axie Infinity's last token sale raised $2.97 million on Binance Launchpad. Sky Mavis, a technology-focused gaming company, is developing it. It's helmed by Trung Nguyen, an established entrepreneur and engineer, Aleksander Larsen (COO), and Viet Anh Ho, Sky Mavis' CTO and a Google and PayPal engineer.
Axie Infinity helped create the play-to-earn gaming genre, which lets players to earn AXS, SLP, and goods by playing.
To play, new players must buy or borrow three Axies. Currently, the cheapest Axies range from $70 to $250. Axies with desired body parts, talents, or abilities will cost extra. This might hinder new players.
Axie Infinity is unique in that it has its own thriving micro-economy. Thousands of gamers grind for AXS and SLP, breed and battle Axies, and purchase and trade rare goods to make money.
The play-to-earn nature of Axie Infinity has evolved to the Axie Infinity scholarship economy, in which well-off players, called Managers, lend a team of three Axies to employees, called Scholars.
These Scholars utilize their Axies to mill SLP and other rare goods for the Managers. The Manager may provide the Scholar educational tools and mentorship to increase their daily production.
Axie Infinity prohibits multi-accounts. Scholarships let Managers deploy more than three Axies without being suspended. Multi-account users risk having their Axies blocked, restricting their access of the site momentarily.
Managers must ensure their Scholars don't breach the rules or risk having their Axies prohibited from playing.
Axie Infinity: Origins made its debut on the Apple App Store, generating a surge in AXS token transactions. Additionally, we explore the significance of NFT trading volume.
The locked value of the dollar in the open AXS futures contracts has skyrocketed to its highest level since February, indicating a significant influx of fresh capital into the market.
As part of its ongoing global expansion, the popular card-based strategy game Axie Infinity: Origins is extending its availability to Apple users in Latin America and Asia.
Only 12 designs were chosen from 2,000 applicants for the Axie Infinity Builders Program.
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has announced its first-ever penalties against a crypto mixer. According to the Treasury Department, Lazarus Group used the mixing service to process criminal earnings from the $620 million crypto theft of the online game Axie Infinity.
There was an attack on the Ronin Network that led to the theft of $615 million. Hackers have already moved over $114 million worth of Ethereum.
It has been reported that an Ethereum wallet with more than 100,000 stolen cash has been blocked by US authorities.
While StarSharks has been a huge hit on BSC, the token price has been negatively affected by its popularity.
The United States Treasury Department has sanctioned an ethereum (ETH) address that it says received coins stolen in the Ronin Validator hack – and the FBI has claimed that the North Korean Lazarus group of hackers was behind the security breach.