Axie Infinity is a blockchain-based investment and battle game owned and operated by players. Inspired by popular games like Pokemon and Tamagotchi, it allows players to collect, raise, battle, and trade creatures called Axies. Axies are token-based assets.
The game has its own governance token called Axie Infinity Shards (AXS), which allows players to participate in key governance votes on how funds should be spent. Each Axie is a unique token with different attributes and powers (NFT). The winning team earns experience points used to improve Axies’ statistics or evolve their body parts.
Axies have thousands of potential body parts for battle, creating almost infinite variety among Axies. While most Axies have relatively weak statistics, those with combinations of the strongest body parts can have incredible statistics.
AXS token holders can earn regular rewards by staking their tokens. However, unlike other similar assets, AXS holders must vote and play the game to claim their rewards.
Axie Infinity was created in 2018 by a team based in Vietnam and has a team of 25 experienced full-time developers. At the time of writing, AXS Coin has a price of $0.9441 and ranks 346th in terms of market value. It is also traded at 0.00002759 BTC against Bitcoin.