All the Axie community members together are bound by Axie Infinity Shards (AXS). If all the AXS holders should stake their tokens, play the game, and participate in important governance votes, they will be able to claim rewards.

When players play different games within the Axie Infinity Universe and through user-generated content initiatives, they will also be able to earn $AXS.

Axie Infinity can be described as a type of card game developed on the Ethereum network for players to breed, raise, battle, and trade Axie creatures.

By self-description, Axie Infinity is a Tamagotchi and Pokemon inspired game that makes use of Non-Fungible Tokens (NFTs) to represent unique creatures, abilities, land plots, and other in-game assets.

By playing Axie Infinity in either Adventure or Arena modes, players are able to earn two tokens including Axie Infinity Shards (AXS) and Small Love Potions (SLP).

AXS is a governance token in that it allows token holders to vote on the future development of the gaming experience. But for SLP, it’s used as an in-game token required for breeding Axies.

In this article, we are going to talk about AXIE INFINITY (AXS), the meaning, and some other facts about the token.
How does Axie Infinity work?

Axie Infinity’s core gameplay focuses on battling and breeding Axies, the unique creatures at the heart of the Axie Infinity experience.
Axies are defined by a specific set of characteristics, such as class and body parts, used to differentiate them from other Axies and to determine their level of scarcity.

Axie Infinity Marketplace

Axie Infinity Marketplace is the best place to find and access Axies that are available for sale. Players can then view the Axies that have been listed for sale or sold to other players most recently.

Players can also make use of the filters within the marketplace to narrow in on Axies that match their desired class, body parts, price, statistics, etc.

Players can use their Ronin Wallet (the Sky Mavis cryptocurrency wallet Sky Mavis created purposely for Axie Infinity) to purchase Axies. Players may look for their wallet with ETH that they can obtain from an exchange like kraken.

Who Created Axie Infinity?

It was a Vietnamese game developer company known as Sky Mavis that created Axie Infinity. Sky Mavis is specialized in producing games with real player-owned economics running on blockchains.

Sky Mavis released the first game in February 2018, which became successful from the on-set. In November 2019, the company raised $1.46 million in an investment round, which was led by Animoca Brands.

Sky Mavis raised an extra $7.5 million in May 2021 to further develop Axie Infinity. Investors include billionaire investor and Dallas Mavericks owner Mark Cuban as well as the crypto asset investment company, BlockTower Capital.

Another $150 million was raised in October 2021 in a Series B funding round, placing Sky Mavis at a $3 billion valuation. Samsung Next, FTX, and a16z were some of the investors.

Sky Mavis and its investors still own the majority of Axie Infinity as of today. The company has built a roadmap that will change Axie Infinity into a Decentralized Autonomous Organization (DAO).

How to Store AXS

AXIS is an ERC-20 token that can be stored in any ERC-20 compatible software wallet such as Exodus, Binance Chain Wallet, and Trust Wallet. Hardware wallets include Ledger Nano X or Trezor One.

AXS Use Cases

Axie Infinity provides a fun gaming experience for fans of Final Fantasy or Pokémon, reaching one million daily active players in August 2021. The number reached close to the two million mark two months later.
Players can earn both SLP tokens and AXS by playing Axie Infinity. One may decide to exchange the tokens for other cryptocurrencies. A lot of game lovers are making money from playing Axie Infinity.

How to download Axie Infinity

You can download Axie Infinity on iOS, Android, macOS, or Windows. The Axie Infinity is downloadable on the company’s website homepage. Just tap the PLAY NOW button on the top right side of the website. A client will automatically be downloaded for your laptop computer or desktop.

Remember that you will need to have TestFlight enabled on your device if you choose the iOS version for your iPhone. You can thus gain access to installing applications that are still in development. You will be required to install the .apk file downloaded from the splash screen for Android.

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