What is Axie Infinity (AXS)? The Play-to-Earn NFT Game

Axie Infinity

You’re probably familiar with cryptocurrencies and non-fungible tokens (NFTs), but have you heard of earning while playing an NFT game? This is made possible with Axie Infinity, where players can collect, raise, breed, battle, and trade token-based creatures known as Axies. Axie Infinity is a battling and trading game built on blockchain created by Sky Mavis in early 2018 and co-founded by Trung Nguyen and Aleksander Larsen. Pokemon and Tamagotchi inspire the game.

Axie Infinity is a play-to-earn NFT game where individuals can earn money while playing the game. Players can raise, breed, and trade Axies in the marketplace. Axies have over 500 different body parts and can have a combination of body parts, making them rare and unique. Each Axie is a Non-Fungible Token (NFT) with different strengths and attributes which players can use to enter into 3v3 battles. The winning team earns experience (EXP) points used to level up an Axie.

Players can breed an Axie to produce new and unique offspring. Each Axie has six out of the hundreds of different potential body parts, making endless varieties among the Axies. Unlike other blockchain-based trading and battling games, each Axie can be bred only seven times to control the Axies population. Axie Infinity’s mating hub allows players to find a suitable match and breed their Axies for producing rare or powerful offspring, which costs 0.005 ETH and some Smooth Love Potion (SLP) tokens. Smooth Love Potion (SLP) is like any other cryptocurrency you can purchase on Uniswap or Binance.

Axie Infinity (AXS) is an ERC-20 token on the Ethereum blockchain with a total supply of 270 million tokens. AXS is secured by Ethereum Proof-of-Work (POW) consensus mechanism. Axie Infinity Shards (AXS) is a unique governance token on the Axie Infinity ecosystem. AXS holders can participate in crucial governance votes. 11% of the total supply of AXS provided to Binance Launchpad participants, 4% were sold privately, 29% for staking rewards, 20% to the play to earn pool, 21% to the team, 7% to advisors, and 8% to the ecosystem fund. Axie Infinity token holders can stake their AXS tokens but need to play and vote to receive regular rewards.

You need at least 3 Axies to play the game. The Meta Axies is one Plant Axie that acts as a tank, a Fish Axie for debuffing, and a Beast Axie for DPS. The problem that keeps players from investing in Meta Axies is the price. A basic Axie can cost up to 0.15 ETH, bringing the total cost to around 0.5 ETH. Scholarship programs are an exciting way for new players to have fun and earn money. Due to the current demand and higher prices, many players are looking for a cheaper way to play the game.

Axie Scholarship Program or Axie Lending Program is where a scholarship manager gives out an Axie to a scholar to play the game and earn Smooth Love Potions. The scholar will play the game to earn Smooth Love Potions (SLP) on behalf of the scholarship manager. Individuals who can lend Axies to people are called Managers, and those who receive the Axies are called Scholars. The Axie Scholarship program allows new players to try out the game without spending money. One of the main reasons people play this game is to make money. But like any other investment, there are risks. This is real money, so it’s best to use the amount you’re ready to lose.