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Table of contents
1.
Introduction
2.
What is Axie Infinity?
3.
How does it work?
4.
How do you start playing Axie Infinity?
4.1.
What are some risks related to Axie Infinity?
5.
Non-fungible Tokens
6.
Frequently Asked Questions
7.
Conclusion
Last Updated: Mar 27, 2024

Axie Infinity

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Introduction

Our world has come a long way from the first game released in 2000, which allowed its players to interact with each other in the gaming environment, to people living an alternate version of themselves in the virtual world, buying digital dresses, trading in cryptocurrencies as a genuine form of money and collecting digital art in NFTs(Non-fungible tokens). This blog will cover all about Axie Infinity, a digital pet community where you buy creatures called Axies and use them to battle, explore, and breed with other Axies. 

What is Axie Infinity?

Axie Infinity is an online gaming universe revolving around Pokémon-Esque creatures known as Axies. Players can buy virtual pets called Axies with aspirations to battle, breed, and raise kingdoms for their Axies. What makes Axie Infinity different from other online games is its connection between classic online gaming and blockchain. The game is based on Ethereum, and it has a design that allows players to own their virtual assets. The game rewards players who can reach an advanced level of 6.

To get started, users need to work through a multi-step setup process to connect digital wallets and their Axie Infinity account, which is all detailed in the game’s onboarding guide7. 

Image courtesy of Axie Infinity

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How does it work?

Axie Infinity is a play-and-earn game that rewards players with money and assets. A few animated characters are called Axies, which players treat as pets. Buying and breeding Axies, selling them back on the Marketplace, PVP battles, and a collection of rare, unique Axies are all great ways to earn. For breeding Axies, smooth love potions are required. SLPs are highly volatile, just like all other cryptocurrencies.

AXS tokens are earned by playing the game, which results in a Ready Player One-style quest where players gain access to a part of the universe. Players are rewarded for their talent and effort instead of their winnings. Since the Axies themselves are a currency, players can breed creatures and trade or sell them for other crypto or real-world money. As a result, many gamers have turned it into a second job, using their in-game tokens to fund their rent and other expenses.

How do you start playing Axie Infinity?

You will need an Ethereum-compatible crypto wallet and some ETH, which can be bought from an exchange(suppose coinbase) and sent to Coinbase Wallet or Metamask.

  • You need to buy at least three axies from the game’s marketplace to start playing. Sky Mavis takes a 4.25% cut of all the Axies, virtual real estate, and other items users sell each other. “Rare” Axies with desirable traits cost more. 
  • Players can even “breed” new Axies, which costs some AXS (Axie Infinity Shards and SLP(Small Love Potion).  
  • You can earn SLP by successfully battling other players and completing quests.

What are some risks related to Axie Infinity?

Axie Infinity represents a new model for crypto-based gaming. Since the prices of AXS and SLP may be correlated to the game's popularity, they may fall if the players migrate to a competitor or lose interest.

Non-fungible Tokens

NFTs represent in-game digital assets such as the Axie creatures. These cryptographically unique tokens, as discussed, confer ownership and allows the player to trade axies on the game’s Marketplace for real money. Axie Infinity is the leader in NFT gaming.

In the realm of NFT projects, Axie Infinity holds the record for the third-highest all-time sales. As of March 2022, Axie Infinity generated $4.17 billion in all-time NFT sales below Opensea’s $23.21 billion and LooksRare’s reported $18 billion. 

Frequently Asked Questions

  1. What is Axis Infinity?
    Axie Infinity is an online gaming universe revolving around Pokémon-Esque creatures known as Axies. Players can buy virtual pets called Axies with aspirations to battle, breed, and raise kingdoms for their Axies.
  2. How can you get an axie in axie infinity?
    You can buy Axies from other players using the Marketplace, or you can purchase eggs from the Axie Lab if it is open. You can also create new Axie eggs through breeding.

Conclusion

In this article, we have extensively discussed Axie Infinity game and its features in detail.We hope that this blog has helped you enhance your knowledge, and if you wish to learn more, you can read about Snake Snack game, check out our Coding Ninjas Blog site and visit our Library. Do upvote our blog to help other ninjas grow.

Happy Learning! 

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