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Axie Infinity is a blockchain-based online game that lets players collect, breed, and battle fantasy creatures called Axies moreAxie Infinity is a blockchain-based online game that lets players collect, breed, and battle fantasy creatures called Axies. The game's ecosystem is powered by two tokens: AXS and SLP. AXS is a native cryptocurrency that serves as the governance token for the game's ecosystem, while SLP is an in-game token that players can earn by playing the game.
Possible benefits of Axie Infinity include:
1. Play-to-earn model: Axie Infinity offers players the opportunity to earn real money by playing the game. Players can earn SLP by winning battles and completing quests, which they can then exchange for cryptocurrencies like Ethereum (ETH).
2. Decentralized ownership: Axie Infinity is built on the Ethereum blockchain, which means that ownership of Axies, items, and tokens is decentralized and cannot be taken away by the game's developers or anyone else.
3. Community-driven development: As an open-source project, Axie Infinity is driven by the community of players and developers who contribute to its development. The governance system, powered by the AXS token, allows players to vote on proposals and guide the direction of the game's development.
4. Educational value: Axie Infinity has educational potential as it teaches players about blockchain technology and cryptocurrency. This can help increase awareness and adoption of these technologies among the wider population.
5. Potential for growth: As of August 2021, Axie Infinity had over 1 million daily active users and had generated over $1 billion in sales volume. With continued development and expansion, Axie Infinity could potentially attract even more players and become a significant player in the gaming industry.
- Axie Infinity website: https://axieinfinity.com/
- "What is Axie Infinity? A beginner's guide to the hit blockchain game": https://www.cnet.com/news/what-is-axie-infinity-a-beginners-guide-to-the-hit-blockchain-game/
- "Axie Infinity hits $1B in all-time NFT sales as AXS price rebounds": https://cointelegraph.com/news/axie-infinity-hits-1b-in-all-time-nft-sales-as-axs-price-rebounds (AI generated summary)
Axie creatures are tradable NFTs
Axies can be multiplied with Small Love Motion (SLP)
Axie Infinity Shards (AXS) are used as governance tokens, for payment and for staking
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