Axie Infinity: The CRAZIEST Crypto Game EVER!!
⌛Axie Infinity History⌛
Axie Infinity was founded by Trung Nguyen, Aleksandr Larsen, and Jeffrey Zirlin in early 2018. The trio met in 2017 because of Cryptokitties, the popular NFT game on Ethereum They came up with the idea for Axie Infinity in December 2017 after realizing how unsustainable Cryptokitties and other blockchain games were at the time
👨🏫What Is Axie Infinity?👨🏫
Axie Infinity is an NFT game inspired by Pokemon and Tamagotchi. It consists of millions of ‘adorable fantasy creatures’ called Axies which can be bred, raised, battled In terms of back end, Axie Infinity was originally built on the Ethereum blockchain with Axies as ERC-721 tokens. Naturally, SLP and AXS are ERC-20s As of April this year, Axie Infinity exists almost exclusively on the Ethereum compatible Ronin side chain which was created by Sky Mavis for the sole purpose of hosting Axie
🤑How To Make Money Playing Axie Infinity🤑
Axie Infinity’s core philosophy is ‘play to earn’ and it practices this philosophy by rewarding its users for their time and effort instead of sucking them dry of every dollar they have like most video games As you might have guessed, these rewards come in the form of the SLP tokens you earn from playing the game, and from selling any extra Axies you breed that you don’t want 💱Axie Infinity Economics💱 For starters, it’s not possible to create an Axie out of thin air. To get started, you need to buy 3 Axies from the Axie Infinity Marketplace. While there are no limits on how much SLP you can earn from battling against other players, there is a daily limit on the amount of SLP you can earn If you’re concerned about SLP inflation, that’s been accounted for too. I mentioned earlier that SLP is used to breed Axies. This SLP is burned
AXS is an ERC-20 token used for governance of the Axie Infinity NFT game. AXS is short for Axie Infinity Shards, and AXS can be either bought on a cryptocurrency exchange or earned by playing Axie Infinity
📊AXS And SLP Price Analysis📊
AXS has had a pretty good run over the last month, and it makes me wonder just how much higher it could have gone if the crypto market hadn’t been crashing SLP has no initial allocation of any kind. It was minted from zero by Axie Infinity players, which technically means it’s a fair launch cryptocurrency. Because of this, it likely has a lot of potential
🌆Axie Infinity Land🌆
Axie Infinity is still in the process of rolling out Luncia, though the first ever land sale took place way back in January 2019 Similarly to Decentraland, Lunacia consists of over 90 thousand plots of customizable tokenized land called Terra.
📅Axie Infinity Roadmap📅
Land features in Lunacia will be fully implemented by the end of 2022, and these include a Lunacia SDK which will essentially serve as a map editor to facilitate the creation of in-game content The next thing coming up for Axie Infinity is AXS staking, which will add another dimension of demand for the AXS token
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.