SLP, in contrast, can be earned in-game, and used to breed Axie. You can buy and sell AXS via exchanges like Coinbase. (While this asset is not currently available on Coinbase, you can buy and sell SLP via DEXs like Uniswap or SushiSwap.) Axie Infinity has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. As of 2022 October 02, Sunday current price of AXS is 12.708 and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). The more you play, the more SLP you can rack up. About the Axie Infinity cryptocurrency forecast. You can win some for beating an opponent’s Axie or for completing in-game quests. AXS will also serve as a governance token, which allows holders to have a say in the future of the game.Ī second token, called Small Love Potion (SLP), is awarded to players for spending time in the game. You need some AXS to play the game, but you can also trade AXS like Bitcoin or Dogecoin or any other major crypto. ![]() The main token, Axie Infinity Shards (AXS), can be bought and sold on exchanges like Coinbase. There are two special cryptocurrencies used in the game: You can earn SLP by successfully battling other players and completing quests.Īxie Infinity describes itself as a “play to earn” game, where players can sell items (including the Axies they breed, in-game real estate, and accessories like flowers or barrels) via the game’s NFT marketplace while also collecting tokens the game generates. Players can also “breed” new Axies, which costs some of the game’s two native cryptocurrencies: Axie Infinity Shards (AXS) and Small Love Potion (SLP). “Rare” Axies with desirable traits cost more. Sky Mavis takes a 4.25% cut of all the Axies, virtual real-estate, and other items users sell each other. To start playing, you need to buy at least three Axies from the game’s marketplace. (You can also download this Chrome extension to connect Coinbase Wallet to a web browser if you’d rather play on a computer.) You can buy some ETH from an exchange like Coinbase and send it to Coinbase Wallet (which is separate from the main Coinbase app you can download it via Apple’s App Store or Google Play) or Metamask. To play, you’ll need an Ethereum-compatible crypto wallet and some ETH. Most transactions happen on a speedy, bespoke sidechain called Ronin, which developer Sky Mavis designed to have lower fees than the main Ethereum blockchain. Axies and virtual real estate are sold via an in-game marketplace in the form of NFTs. As of August 2021, the game had around 1 million daily players, and in the summer of 2021, Axie Infinity became the biggest crypto app on the Ethereum blockchain.Īxie Infinity revolves around breeding, raising, and battling cute creatures called Axies. Vietnamese developer Sky Mavis launched Axie Infinity in 2018. It features two native cryptocurrencies: Axie Infinity Shards (AXS), which can be bought and sold on exchanges like Coinbase, and Small Love Potion (SLP), which is awarded to players for spending time in the game. While Evans hasn’t directly lost any money as a result of the hack (he still holds the same amount of in-game currency as he did before the breach), he and other players cannot withdraw cryptocurrency from the game while Axie Infinity and law enforcement investigate the hack and determine that its network is stable.Įvans said he was frustrated with what he saw as a slow reaction from the company, which first acknowledged the breach six days after the theft.Axie Infinity is a crypto-meets-Pokémon game in which players raise, battle, and trade cute NFT pets called Axies. The company vowed to reimburse lost funds, and Sky Mavis said Wednesday that it had raised $150 million from investors to help pay back its players. ![]() Axie Infinity's website boasts that its marketplace has facilitated $3.6 billion in transactions, and the game has drawn in around 2 million users per day.īut that economy was rocked in late March when unidentified hackers managed to steal assets worth around $625 million from a subsidiary of Vietnamese gaming studio Sky Mavis, the company that runs Axie Infinity. But what might sound like a relatively simple game has emerged as one of the most popular and lucrative of what are called play-to-earn games. Evans has spent the past eight months building up his squad of Axies, animated monsters that many (including Evans) compare to the popular Nintendo Pokémon franchise, wherein players pit their candy-colored monsters against one another.
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