Axie Infinity Metaverse: What Is Axie Infinity Metaverse And What Is Axie Infinity Crypto?

One of the most talked-about topics lately is the Metaverse. Most of the public is fascinated with it. For that reason, it’s not surprising to learn that there are new projects trying to build a Metaverse-like platform. So far, we've seen Metaverse platforms like The Sandbox and Decentraland flourish. Axie Infinity Metaverse is a similar project that has been gaining traction recently. 

We’re here to tell you all about Axie Infinity and its crypto. Keep reading!

What is Axie Infinity Metaverse?

Axie Infinity is an NFT-based play-to-earn game developed by Vietnamese studio Sky Mavis. This pokemon inspired game is built on the Ethereum blockchain.

Axie Infinity Metaverse is filled with fascinating NFT creatures called Axies. The idea behind the game is to collect Axies, breed & raise them, and use them in battles to earn in-game currency.

In the Axie Infinity Metaverse, players can truly own, buy, sell, and trade resources they earn in the game. The company aims to create an ecosystem of amazing gaming experiences with player-owned economies as foundational pillars.

Lunacia, the Axie homeland, consists of 90,601 plots of virtual land. The land acts as homes and bases of operation for the Axies. These land plots are represented as Non-Fungible Tokens (NFTs) and can be freely traded by players.

Besides, players will be able to create games on the land they own using the Lunacia SDK. Once a game has been created it is saved as a Non-Fungible Token and can be traded. Moreover, other players will be able to click on these NFTs from the map to enter the game inside.

Read More: The Sandbox Vs Decentraland: Which Metaverse Is The Best?

What is Axie Infinity Crypto?

The Axie Infinity ecosystem has two tokens: Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). AXS coin is the native currency that is used for rewarding the players and governing the platform. As of right now, Axie Infinity Shards (AXS) is one of the top Metaverse coins.

Players will be able to earn AXS coins when they play various games within the Axie Infinity Metaverse and through user-generated content initiatives. In addition, AXS coin holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes.

SLP token is used to breed Axies to create new offspring. Axie Infinity does not sell SLP tokens to players directly. SLP tokens are earned by playing the game in PvE Adventure mode as well as the PvP Arena. On the contrary, AXS coins can be bought from various exchanges.

The AXS coin price is $61.05 USD with a 24-hour trading volume of $409,012,801 USD. Axie Infinity is down 4.64% in the last 24 hours. The current CoinMarketCap ranking is #41, with a live market cap of $3,718,501,123 USD. Furthermore, it has a circulating supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.

This Article's Topics

Explore new topics and discover content that's right for you!

Have an opinion on this article? We'd love to hear it!