Axie Infinity price

What is the price of Axie Infinity today? AXS price in USD

The current price of Axie Infinity is $ 4.63 USD and the AXS volume today is $ 107,350,215 USD. Axie Infinity’s price changed 7.15% in 24 hours. MarketCap AXS is $ 605,840,194. The current CoinGecko #63 ranking.

What is Axie Infinity?

Axie Infinity is a blockchain-based trading game and combat system which is partly controlled by its users. Inspired by popular games including Tamagotchi and Pokémon players can collect token characters called axines, breed, raise, battle or market them. Each Axie token has non fungible attributes and different strengths and can be entered in 3v3 fights. There are nearly 500 bodies available, including aquatic birds, plants, beast and reptile parts. Axies can be bred together to develop new individual offspring which can be used or sold at the Axie marketplace.

Who is the founder of Axie Infinity game?

Axie Infinity was created in 2018 by Sky Mavis — a technology focused game-developer with a team predominantly from Vietnam. The company was cofounded by Trung Nguyen and Aleksander Larsen. Trung Nguyen graduated with a BS in computer software engineering, worked as an engineering manager at Anduin Transactions. Larsen has worked in blockchain gaming since 2017 where he still sits on blockchain gaming board. In total, the company employs 25 full-time employees, most of who have experience in game development, including those involved with the development of platform games.

Play-to-earn business model

In Axie Infinity, fans buy/breed monsters – called aliques. The most expensive monsters were sold to investors in 2020 for 300 ether or $30,000. Each Axie is a non-fungible token (NFT) can be sourced or sold via exchanges outside the game. On average, players possess a minimum of 3 axies which sell for more than $200 each. The cheapest Axies have currently sold for $200; the most expensive one is 400 ether in 2020 then $60,000.

What makes Axie Infinity unique?

Axie Infinity has its own mating hub which helps players find the best partner. It costs 0.05 ETH a day along with a small amount of love token tokens. Each Axie can be bred seven times to help regulate her population. Most Axies have relatively weak stats while those with the strongest combination of body features can have incredible stats. All the holders of AXS tokens can also stake their tokens in order to receive frequent rewards in the future. The asset owners of AXS may have to play and vote if they want to reap rewards of the bonus.

How secure is the Axie Infinity network?

Axie Infinity (AXS) token is an ERC-20 token that is released on the Ethereum blockchain. It is secured through a proof-of-work (POW) consensus mechanism. The NFT gaming system plans to migrate its NFT tokens by 2020 to a custom-designed sidechain called Ronin. Ronin is developing by Sky Mavis the development firm behind the main gameplay. It will support almost instant verification of transactions, lower gas fees and be able to help Axie Ins. In-game tokens including axies, land and other in-game item tokens will move from the Loom Network.