Axie Infinity is a blockchain-based play-to-earn (P2E) game developed by Sky Mavis, launched in 2018. The game revolves around collecting, breeding, and battling digital creatures called Axies. These creatures are non-fungible tokens (NFTs) on the Ethereum blockchain, meaning players have full ownership of their Axies and can trade, sell, or breed them for profit.
Axie Infinity operates on its own sidechain called Ronin, which significantly reduces transaction costs and allows for faster transactions. Players earn Smooth Love Potion (SLP), an in-game currency, by battling and breeding Axies. Another key token is Axie Infinity Shards (AXS), which serves as the governance token and is used for staking and decision-making within the ecosystem.
The game’s success lies in its combination of blockchain technology and gaming, allowing players to earn real-world income. Its play-to-earn model has been widely adopted, particularly in regions like the Philippines, where many players earn a living through Axie Infinity.
As of 2024, Axie Infinity continues to evolve as one of the leading blockchain-based play-to-earn (P2E) gaming platforms. Its core gameplay revolves around collecting, breeding, and battling creatures called Axies, where players can earn in-game rewards like SLP (Smooth Love Potion) and AXS tokens. In a major update, the platform introduced Axie Infinity: Origins, a revamped version featuring new game mechanics, enhanced graphics, and a more engaging user interface. It also allows players to get started with free non-NFT Axies, making the game more accessible to new users without the need to purchase NFTs upfront.
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Axie Infinity is a blockchain-based game that has recently been in the spotlight for several notable developments. Here's a comprehensive overview:
1. Latest Introduction (as of late 2023): Axie Infinity's sixth season, named Origins, began on October 4, 2023. This season introduced updates and changes to card and game mechanics, along with improvements and bug fixes. The Axie Infinity token (AXS) has a projected maximum value of $14.79, an average price of $10.44, and a minimum value of $6.09 by the end of 2023.
2. Launch on Apple App Store: Axie Infinity recently launched its card-based strategy game, Axie Infinity: Origins, on the Apple App Store in key markets across Asia and Latin America. This launch led to a brief increase in the value of its native AXS token. Previously, the game was available in limited regions on the Google Play Store and through the company's Mavis Hub.
3. Gameplay and Popularity: Axie Infinity allows players to start with free non-NFT "starter" characters. The game has achieved significant popularity, with 1.5 million installs across all platforms. This popularity is reflected in its active user base, with the original Axie Classic game reportedly attracting 100,000 weekly users within just four days of its return.
4. Market Position and Value: The current price of Axie Infinity is approximately $6.80, ranking it at No. 57 in the entire crypto ecosystem. The circulation supply of Axie Infinity is valued at $897,276,722.63, with a market cap of 132,040,367 AXS. In the past 24 hours from the time of the data, the crypto value increased by $0.15.
5. Development Focus: Axie Infinity's development team is working at a rapid pace. Notable recent developments include the launch of the Axie Infinity Homeland Alpha, upgrades to Origins with Season 2, and the introduction of accessories as part of Axie Core.
In summary, Axie Infinity stands out as a blockchain-based game that combines strategy and collectible aspects, engaging a wide audience in the crypto and gaming communities. Its recent launch on the Apple App Store and continuous updates highlight its dynamic nature and growing popularity in the gaming world.
Axie Infinity, as a part of the GameFi sector, is situated in a dynamic and evolving industry. GameFi, short for 'gaming finance', is a fusion of blockchain-based gaming and financial elements, often incorporating Play-to-Earn (P2E) models. This sector has experienced various developments and challenges, impacting its current state and future prospects.
In conclusion, while the GameFi sector, including platforms like Axie Infinity, faces challenges, it is poised for significant growth and evolution. The sector's potential is underscored by its increasing dominance in blockchain applications, the evolving nature of its economic models, and the continued interest from both investors and traditional gaming studios. The future of GameFi appears promising, with a focus on enhancing user experiences and the introduction of innovative gaming models.
I have found detailed information regarding the tokenomics of Axie Infinity, including its allocation and supply schedule, but I wasn't able to find specific details on how new tokens are created or the overall supply mechanism beyond the initial allocation and release schedule. Here's what I can provide based on the information available:
1. Token Allocation:
* Play and Earn: 54,000,000 AXS (20%)
* Staking Rewards: 78,300,000 AXS (29%)
* Ecosystem Fund: 21,600,000 AXS (8%)
* Sky Mavis (Developer): 56,700,000 AXS (21%)
* Advisors: 18,900,000 AXS (7%)
* Public Sale: 29,700,000 AXS (11%)
* Private Sale: 10,800,000 AXS (4%)
1. Supply Schedule:
Unfortunately, due to time constraints, I couldn't gather specific details on the creation mechanism for new tokens or the intricacies of the overall supply management beyond this initial allocation and release schedule. For a more comprehensive understanding of how new AXS tokens are created and the complete supply mechanism, I recommend consulting the official Axie Infinity documentation or resources provided by the development team.
Axie Infinity, a non-fungible token-based online video game, was developed by the Vietnamese studio Sky Mavis. The key individuals behind its development and management include co-founder and CEO Nguyen Thanh Trung, alongside Tu Doan and Aleksander Larsen. Trung Nguyen, holding a bachelor's degree in computer software engineering, has been crucial in shaping the platform's direction. Aleksander Larsen, serving as the COO, is responsible for all business-related aspects of Axie Infinity and also plays a significant role in the Blockchain Game Alliance.
Regarding its funding history, Axie Infinity has undergone several funding rounds to support its development and expansion. In a significant Series B funding round, Axie Infinity raised about $150 million at a $3 billion valuation, with venture giant Andreessen Horowitz leading the round. This round followed a $7.5 million Series A funding round in May, led by Libertus Capital, and included investors such as Reddit co-founder Alexis Ohanian, Dallas Mavericks owner Mark Cuban, the Collaborative Fund, and 500 Startups Vietnam. Prior to this, in 2019, Axie Infinity raised $1.5 million in a seed funding round led by mobile game publisher Animoca Brands.
Additionally, Sky Mavis, the parent company of Axie Infinity, closed a fundraising round of $1,465,000, with Animoca Brands leading the round and participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups. The total funding raised by Axie Infinity amounts to $9.1 million over 10 rounds, with Upchain Capital and UTA.VC being the most recent investors.
These funding rounds have significantly contributed to the growth and development of Axie Infinity, making it a prominent player in the blockchain gaming industry.
List all important events and milestones in the development process of Axie Infinity. The development of Axie Infinity, a prominent blockchain-based game, has been marked by several significant milestones and events since its inception:
1. Initial Development (2017): Development of Axie Infinity began in 2017, led by Nguyen Thanh Trung, Tu Doan, Aleksander Larsen, Jeffrey Zirlin, and Andy Ho.
2. First Battle System Release (October 2018): The first battle system of Axie Infinity was launched, followed by the development and alpha release of the real-time card battle system in 2019.
3. Ronin Wallet Launch (February 2021): Sky Mavis, the company behind Axie Infinity, launched the Ronin wallet to facilitate faster transactions and reduce gas fees. This wallet also supported Axie Infinity and other decentralized applications (dApps) on the Ronin sidechain.
4. Substantial Revenue Increase (July-August 2021): Axie Infinity experienced a dramatic increase in revenue, raising $485 million during these two months, a significant jump from the $21 million generated in the first two to three years.
5. Ronin Network Hack (March 2022): The Ronin Network, integral to Axie Infinity, suffered a major hack with approximately $620 million stolen in Ether and USDC. This was the largest breach in the cryptocurrency sector by dollar value at that time.
6. Price Decline and Player Drop (April 2023): The cryptocurrency token of Axie Infinity fell by 99% from its all-time high in February 2022. This decline coincided with the broader 2021–2023 cryptocurrency crash, leading to a drop in average daily players from 2.7 million to about 250,000.
7. Economic Design Criticism and Season Six (October 2023): Axie Infinity's economic design has faced criticism, with some referring to it as a speculative bubble or a pyramid scheme. Despite these critiques, the game entered its sixth season in October 2023.
As for the future roadmap of Axie Infinity, the focus is on several key areas for 2023 and beyond:
1. Axie Part Upgrades (2023): Planned enhancements to individual Axie characters.
2. Axie Merch Store (2023): Introduction of a merchandise store for Axie Infinity.
3. Long-term Vision: The overarching goal is to create a unified application offering a wide range of gaming experiences within the Axie Infinity universe. This includes a social network, a marketplace, progression and modification for each Axie, breeding games, player versus player (PvP) and player versus environment (PvE) modes, land gameplay, and development tools for game creation using Axie Infinity assets.
It's important to note that this roadmap is subject to changes based on various factors like community feedback, technological breakthroughs, and the experimental nature of the technology Axie Infinity is built upon.
Here are some important links related to Axie Infinity:
https://support.axieinfinity.com/hc/en-us/articles/4405373226779-Getting-Started-with-Axie-Infinity
These links provide access to essential aspects of the Axie Infinity experience, from starting out to engaging in the marketplace and game.
The valuation and future prospects of Axie Infinity (AXS) have been a subject of extensive analysis by various experts and platforms. Here's a comprehensive overview:
Current Valuation and Performance: As of the latest data, Axie Infinity's live price is around $6.48, with a market capitalization ranking it No. 60 in the crypto ecosystem. In the last 7 days, AXS has shown an upward trend, increasing by 13.07%.
In summary, while the future prospects of Axie Infinity and its token AXS appear promising based on current data and expert analyses, it is important to remember that the cryptocurrency market is volatile and subject to rapid changes. Therefore, these predictions should be considered with caution and not as definitive financial advice.
Axie Infinity is a blockchain-based play-to-earn (P2E) game developed by Sky Mavis, launched in 2018. The game revolves around collecting, breeding, and battling digital creatures called Axies. These creatures are non-fungible tokens (NFTs) on the Ethereum blockchain, meaning players have full ownership of their Axies and can trade, sell, or breed them for profit.
Axie Infinity operates on its own sidechain called Ronin, which significantly reduces transaction costs and allows for faster transactions. Players earn Smooth Love Potion (SLP), an in-game currency, by battling and breeding Axies. Another key token is Axie Infinity Shards (AXS), which serves as the governance token and is used for staking and decision-making within the ecosystem.
The game’s success lies in its combination of blockchain technology and gaming, allowing players to earn real-world income. Its play-to-earn model has been widely adopted, particularly in regions like the Philippines, where many players earn a living through Axie Infinity.
As of 2024, Axie Infinity continues to evolve as one of the leading blockchain-based play-to-earn (P2E) gaming platforms. Its core gameplay revolves around collecting, breeding, and battling creatures called Axies, where players can earn in-game rewards like SLP (Smooth Love Potion) and AXS tokens. In a major update, the platform introduced Axie Infinity: Origins, a revamped version featuring new game mechanics, enhanced graphics, and a more engaging user interface. It also allows players to get started with free non-NFT Axies, making the game more accessible to new users without the need to purchase NFTs upfront.