Axie Infinity, inspired by Pokémon and Tamagotchi, is one of the largest decentralized play-to-earn (P2E) games on the Ethereum blockchain. Developed by Vietnamese game studio Sky Mavis and launched in March 2018, it features virtual pets called Axies that players collect, breed, and battle.
Key Features of Axie Infinity
NFT-Based Game Assets
- Axies, land plots, and abilities exist as non-fungible tokens (NFTs), tradable in the in-game marketplace.
- Each Axie adheres to Ethereum’s ERC-721 standard, ensuring uniqueness and ownership.
Gameplay Mechanics
- Engage in real-time battles using ability cards unique to each Axie.
- Defeat Chimeras (NPCs) to earn Smooth Love Potion (SLP) and AXS tokens.
Ecosystem Tokens
AXS (Axie Infinity Shards)
- Used for governance, staking, and purchasing in-game assets.
- Stake AXS to earn rewards and voting rights via Axie DAO.
SLP (Smooth Love Potion)
- Primary utility: breeding Axies.
- Tradable on crypto exchanges.
Ronin Network: Solving Ethereum Scalability
Originally on Ethereum, Axie Infinity migrated to Ronin Network, a custom Ethereum sidechain, to address:
- High gas fees.
- Slow transaction speeds.
- Full compatibility with Ethereum for seamless asset transfers.
The Ronin Hack & Recovery
- March 2022: Exploit stole $625M in ETH/USDC (attributed to Lazarus Group).
Response:
- Reimbursed users within 3 months.
- Conducted 3 security audits (Verichains, Certik).
- Raised $150M from Binance for victim compensation.
AXS Tokenomics
| Allocation | Percentage | Purpose |
|---|---|---|
| Player Rewards | 20% | In-game incentives |
| Staking Rewards | 29% | Holder dividends |
| Ecosystem Fund | 8% | Development & grants |
| Sky Mavis | 21% | Team/operational costs |
| Public Sale | 11% | Initial distribution |
- Total Supply: 270M AXS (fully minted at launch).
- Release Schedule: 65-month unlock period.
Founders & Funding
- Sky Mavis (founded by Trung Nguyen) created Axie Infinity to demystify blockchain through gaming.
- 2021 Series B: Raised $152M** at a **$3B valuation (led by a16z).
- Milestone: 2.8M daily active players, $3.5B+ in marketplace volume.
Why Axie Infinity Dominates P2E
- Passive Income: Earn via staking, trading, and gameplay.
- Community: 1M+ Discord members, 400K+ Facebook followers.
- Smart Contracts: $800M+ locked in-game.
👉 Discover how to start earning with Axie Infinity
FAQ Section
Q: How do I start playing Axie Infinity?
A: Purchase 3 Axies (NFTs), connect a wallet (e.g., MetaMask), and download the Ronin Wallet.
Q: What’s the ROI for AXS staking?
A: Varies by market conditions; check official staking dashboard for APY.
Q: Is SLP inflationary?
A: Yes, but burns (via breeding) help balance supply.
Q: Can I transfer Axies to Ethereum?
A: Yes, via the Ronin-Ethereum bridge.
Q: Who owns Axie Infinity?
A: Sky Mavis, with governance progressively decentralized via AXS holders.