Axie Infinity (axs) Price Index

The live price of Axie Infinity is $17.70 per (Axie Infinity / USD) today with a current market cap of $1.55B USD. 24-hour trading volume is $0.13B USD.Axie Infinity to USD price is updated in real-time. Axie Infinity is 3.87% in the last 24 hours. It has changed a market cap of $0.06B USD.

Axie Infinity
DAY 3.87%
WEEK 4.83%
MONTH 18.17%
   
High 24H 18.04 USD
Low 24H 17.00 USD
Last Price 17.70 USD
   
Cap 1.55 B
Change 24h 0.06 B
Vol 24H 0.13 B

Live Axie Infinity Price Chart

Overview: What is Axie Infinity?

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.

Axie Infinity's founders

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.

SLP and AXS

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.

How Does Play-to-Earn Work?

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 Scholarships

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.

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