Axie Infinity Shards (AXS) are governance tokens within the popular blockchain game Axie Infinity. These tokens are essential for players earning rewards within the Axie Infinity Universe. They are built on the Ethereum blockchain as ERC-20 tokens, enabling a play-to-earn experience within the Axie Infinity ecosystem. AXS holders can accumulate rewards by engaging in various in-game activities such as playing games, completing quests, leveling up, and accessing user-generated content.
Axie Infinity stands out as one of the most renowned blockchain-based games globally, providing an enticing avenue for gamers to monetize their time playing. It also attracts crypto investors, traders, newcomers to the crypto space, and gaming enthusiasts due to its potential for generating passive income.
These Axie Infinity Shards were developed in collaboration with Delphi Digital, an established company in the blockchain space. Delphi Digital's involvement extends to AXS staking, designed to enhance the game's future potential by encouraging more players to hold and stake this cryptocurrency.
Participating in AXS staking and the Axie Infinity ecosystem allows players and investors to participate in a dynamic and rewarding blockchain gaming community, contributing to the growing intersection of blockchain technology and gaming.
The Axie Infinity network provides an immersive gaming experience where players collect and engage with pet creatures known as Axies. These Axies are ERC-721 NFTs (Non-Fungible Tokens) and can be used for various in-game activities, including collecting, battling, breeding, and building kingdoms within the Axie Infinity Universe.
This decentralized blockchain game allows players to have ownership of their Axies. It provides opportunities to buy, sell, or trade NFTs, crucial for progressing in the game and earning rewards. The more players develop their Axies, the higher their potential earnings become within the game's ecosystem.
Axie Infinity employs a dual-token structure. The Axie Infinity coin is the staking and governance token, enabling players to participate in the platform’s governance. Smooth Love Potion (SLP) is the token in which players earn rewards while playing the game.
To buy and develop NFTs within the game and increase their value, players need to use both AXS and SLP tokens. These tokens are also essential for breeding Axies, allowing players to create new NFTs. Breeding can commence five days after acquiring Axies, enabling players to expand their collection and engage more deeply with the game.
This structure fosters an engaging and dynamic gaming environment within the Axie Infinity metaverse, where players can explore various aspects of blockchain technology while enjoying the game's unique features and opportunities for growth and rewards.
Axie Infinity, created by Sky Mavis, began its development journey in December 2017. The project is led by Trung Thanh Nguyen as CEO and Aleksander Larsen as COO. Here's a brief history:
The development of Axie Infinity began in December 2017, led by Sky Mavis. It was created as a fun and educational way to introduce blockchain technology to a broader audience.
In February 2018, Axie Infinity conducted its first presale round, raising 900 ETH in funding. This marked the initial step in the project's journey.
A year later, in January 2019, Axie Infinity expanded by selling virtual land as NFTs, raising an additional 3200 ETH.
December 2019 was a pivotal month. The project launched the Axie Infinity marketplace, allowing users to buy Axies and Land NFTs. Simultaneously, the play-to-earn component of the game was introduced, setting the stage for its unique gaming ecosystem.
To address scalability and high gas fees on the Ethereum blockchain, Axie Infinity introduced the Ronin testnet in July 2020, providing a more efficient environment for the game.
In October 2020, the project conducted a public token sale, distributing 29.7 million AXS tokens and raising $2.7 million in funding.
The project addressed high gas fees by migrating non-Axie NFTs to the Ronin sidechain in March 2021, followed by Axie NFTs in June 2021.
AXS staking started in September 2021, incentivizing community participation. Finally, in January 2022, the Axie Infinity ecosystem went live, offering complete play-to-earn capabilities and decentralized governance.
Investing in Axie Infinity Shards (AXS) can be a promising choice, and several factors contribute to its attractiveness:
Axie Infinity is a widely recognized blockchain-based game with a growing player base. The popularity of the game can positively impact AXS's value.
The continuous development of the Axie Infinity ecosystem, including updates and innovations in the game, can enhance the utility and demand for AXS.
Some investors view AXS as a good long-term investment due to its association with the evolving Metaverse and the GameFi space. Increased investor interest in these market sectors could support the value of Axie Infinity coin.
The value of Axie Infinity Shards (AXS) experiences dynamic fluctuations due to several fundamental factors related to the game and broader market sentiment. As a result, we cannot provide an accurate AXS price prediction. However, the following factors could influence the price of Axie Infinity token:
The number of gamers actively participating in the game significantly impacts the price of AXS crypto. An expanding player base tends to support the AXS to USD price, while a decline may exert downward pressure.
Upgrades and new features introduced in the game contribute to increased activity within the Axie Infinity ecosystem. These enhancements can positively influence the value of AXS.
Positive sentiment towards cryptocurrencies and a generally favorable environment in global financial markets can be catalysts for driving the price of the Axie Infinity token.
AXS is one of two native tokens of the game and serves multiple purposes within the Axie Infinity ecosystem:
AXS is the governance token of the Axie Infinity gaming universe. Holders of AXS have the power to vote on the direction and development of the game. Players can actively participate in shaping the future of Axie Infinity by signaling their support for specific proposals or changes.
AXS is used as an in-game utility token. Players can use AXS for various in-game purchases, including acquiring Axies (the creatures in the game), items, and assets. It plays a crucial role in the game's virtual economy.
By staking AXS tokens, players can earn rewards. Staking AXS allows you to earn additional tokens and gives you a say in the game’s governance.
AXS tokens are primarily used for breeding new Axies, a significant aspect of gameplay. Breeding Axies can result in unique combinations and traits, making them valuable in the Axie Infinity universe.
You can buy, sell, and trade AXS on leading exchanges, including KuCoin. Review the Axie Infinity price, market cap, and trading volume, and perform technical, sentiment, and fundamental analysis before trading AXS.
You can earn money on Axie Infinity in various ways, such as:
One of the most popular ways to earn on Axie Infinity is by actively playing the game. You can earn rewards by defeating computer-controlled monsters in Adventure mode, competing in battles, and progressing in the game.
You can breed and raise Axies, the creatures within the game, and sell them to other players in the Axie marketplace.
Stake AXS tokens to earn passive income. This involves holding and locking AXS tokens in a smart contract, which rewards you with additional tokens over time.
Within the game, you can invest in virtual land plots in Lunacia, the game's virtual world. These land plots can appreciate in value and generate income.
Engaging in battles within the game can also yield rewards, especially if you perform well in competitive gameplay.
Players can earn daily rewards by logging in and participating in daily activities within Axie Infinity.
Here’s how you can stake Axie Infinity Shards on the Axie Infinity game to earn rewards:
1. Start by downloading the Ronin wallet, which is the official wallet for the Axie Infinity game. Set up an account on it.
2. Head to the Axie Marketplace and register for an account using your email address. Connect your Ronin wallet to the marketplace.
3. Buy AXS tokens from a supported exchange like KuCoin. After purchasing, withdraw the funds to your Ronin wallet.
4. Go to the AXS Staking section within the game. Enter the number of AXS tokens you want to stake and confirm the transaction.
5. Sit back and start earning AXS staking rewards. You also have the option to either restake your rewards or claim them.
Here's how to get started as a player on Axie Infinity:
1. Begin by installing the Ronin Wallet, the official digital wallet for the Ronin blockchain. Create an account on it.
2. Buy ETH on platforms like KuCoin or other supported options. Withdraw your coins into your Ronin Wallet to fund it.
3. Connect your Ronin Wallet to the Axie Infinity app for a seamless gaming experience.
4. Explore the game's official marketplace to collect Axie NFTs. You can also borrow Axies from players willing to lend their NFTs.
5. To access other players' NFTs, apply for an Axie Infinity scholarship.
6. Set up your Axie Infinity account on your desktop or smartphone.
7. We recommend starting with Adventure Mode and progressing to Arena Mode as you gain expertise.