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They failed to apply economic incentives for long-term growth. Roadmap and development historyĬryptokitties brought Ethereum to a standstill during a massive bullish trend in the last leg of 2017 and revealed the unsustainability of crypto games. Or else, you can buy it on Binance or Uniswap. However, the distributed rewards are locked for one year. The number of tokens rewarded depends on your expertise in the game and involvement in community events. $AXS is distributed as rewards on Axie Infinity for playing, staking, and participation in voting. Staking will incentivize users to hold the tokens and support the growth of the gaming ecosystem. Players can stake $AXS on the Axie Infinity protocol to reap weekly rewards and participate in governance voting. The number of tokens held will determine your eligibility for these events. Interestingly, it will also get you into certain sales/auctions conducted by the team. Axie NFT marketplace accepts it as currency. $AXS enables users to facilitate payments for in-game purchases. Once the network is decentralized, $AXS stakers will govern the Treasury. This way, the Treasury will act as a binding force that brings sustainability to the platform for the long run. It also has a program called ‘The Community Treasury’ in the pipeline that promises to accrue value from the Axie community and distribute it back to $AXS stakers. Data shows that Axie Infinity was the highest-earning protocol than Bitcoin and Ethereum in July 2021. More than 90,000 ETH has been traded on the Axie Infinity in-house marketplace! In May 2021, Sky Mavis raised $7.5 million for the platform with support from investors like Mark Cuban. The shockingly high earning potential of the platform drives the price of the NFTs and the in-game tokens.

Marketplace: Axie Infinity hosts a decentralized marketplace where the NFTs can be traded with other users.Īxies are sold for anywhere from $200 to 300 ETH today.You can purchase lands for your Axies and refurbish them over time using the resources available on the platform. However, they are in the virtual universe. Land: Like humans, Axis have land and homes too.

Breeding: Axies are bred to create new offspring with unique capabilities and weaknesses based on the gene combinations.

Battle: You can train your Axies to battle against each other for rewards.

Then, you can freshen up and resume! Highlights of Axie Infinity Axie Infinity Marketplace: Official website You can create an endless number of combinations to conquer your enemies and tweak your strategies till the game wears you out. Each Axie, the cute little pet with more than 500 customizable body parts, is unique enough to give you hours of fun.