About Axie Infinity

What is the Axie Infinity price today?

The AXS price is currently $6.64. The price of Axie Infinity is -9.74% over the last 30 days. You can use the live Axie Infinity chart to track the AXS/USD price in real time above, or compare the Axie Infinity value today to its past performance using the Axie Infinity price history tab at the top of this page.

What is the total supply of AXS?

The circulating supply is 116,956,639.85 AXS, out of a total maximum supply of 270,000,000.00 AXS.

What is the price prediction for Axie Infinity?

The average Axie Infinity price prediction values the coin at $55 by the end of 2023. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Axie Infinity?

Axie Infinity is an online game where players battle monsters and can earn cryptocurrency as a reward for their efforts. Axie Infinity Shards, or AXS, is the platform’s native token used to pay those rewards and comes with voting rights that give players a stake in the game’s development.

Based on Pokemon, Axie lets players create their cute monsters and battle either the computer or other players online. The game was launched in 2017 – the token followed in 2020 – but it hit real popularity in 2021 as it launched some new features and by the middle of the year, it boasted more than half a million active players every day.

Its success has been as a result of combining the ability to build unique monsters with cryptocurrency in a ‘play-to-earn’ model. Those unique monsters can also be sold through the Axie marketplace as non-fungible tokens (NFTs). The game is already one of the largest revenue-generating projects in the cryptocurrency space.

How does Axie Infinity work?

The game is built on the blockchain, which tracks the movement of money between players and where the rules that govern the game are stored in pieces of code known as ‘smart contracts’. You have to have a cryptocurrency wallet to play the game.

Every monster – ‘Axie’ – in the game is an NFT that can be bought, sold, or even loaned to other players. Along with a wallet, you have to deposit Ethereum into your account and buy three monsters to get started, an up-front cost that can run into many hundreds of pounds.

You can then do all sorts of things with the monsters: battle them in teams or individually, create new ones, or simply raise the ones you have. The more you play, the more you can earn AXS tokens and, as these carry voting rights, over time, control of the platform’s future will be spread out among its players.

How is the Axie Infinity network secured?

The network is secured by the blockchain that it runs on. AXS is an ERC-20 token that launched on the Ethereum network and runs on a proof of stake consensus model.

This means that other users on the network, known as validators, secure and verify all transactions. For their work in securing the network, validators are rewarded with tokens.

What is Axie Infinity used for?

Axie Infinity is a play-to-earn game that utilises non-fungible tokens (NFTs). Each monster, known as an “Axie,” in the game is a unique NFT that can be bought, sold, or loaned to other players.

Players can participate in battles, breed Axies, and explore a virtual world to increase their collection and earn rewards. With Axie Infinity, players can make money by participating in the game’s ecosystem and owning valuable NFTs.

Why does AXS have value?

Its value comes from its game and the ability for players to build their collection of one-of-a-kind NFT monsters, known as Axies. Each Axie boasts six body parts, each with its own special battle move, leading to an endless array of possible combinations and strengths.

Each Axie can only be bred a maximum of seven times. To find a suitable mate for their Axie, players can visit the game’s mating hub. Breeding requires both a small fee of 0.005 ETH and Small Love Potion (SLP) tokens.

Online gaming is an increasingly popular endeavour, and Axie Infinity is well-positioned to capitalise on upcoming growth. A play-to-earn gaming model is a new approach which may pay off in the future.

Who created Axie Infinity?

The creation of Axie Infinity in 2018 resulted from a collaboration between Sky Mavis, a tech-savvy game developer, and co-founders Trung Nguyen and Aleksander Larsen.

Led by Nguyen, who holds a Bachelor’s degree in Computer Software Engineering and has prior experience as a software engineer at Anduin Transactions, the development team behind Axie Infinity primarily operates out of Vietnam. Today, Nguyen serves as the CEO of the platform.

Where can I buy Axie Infinity?

You can buy Axie Infinity on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited.

Are there any other ways to invest in Axie Infinity?

The simplest way to invest in Axie Infinity is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Axie Infinity alternatives?

Axie is a blockchain-based game and there are many different projects offering something similar. Here’s a selection of a few Axie Infinity alternatives for you to consider.

• The Sandbox. Sandbox operates on the Ethereum blockchain and is a gaming coin.
• Cardano. Cardano is a ‘third gen’ blockchain.
• Decentraland. Decentraland is a metaverse coin based on gaming.

More crypto guides

• Best alt coins
• OKB staking calculator
• Best gaming coins