Axie Infinity (AXS) – Earn Rewards in This Blockchain Game

Axie Infinity (AXS) - A blockchain-based game where players can earn rewards by

Axie Infinity is a blockchain game. Players earn rewards by breeding, battling, and trading digital pets called Axies.1 The ecosystem uses two tokens: Smooth Love Potions (SLP) and Axie Infinity Shards (AXS).1

It champions the play-to-earn model. Players are rewarded for playing and own in-game characters/items as NFTs.1 Players pit trios of NFT creatures against each other, earning SLP by winning battles.1

Axie Infinity surpassed $1 Billion in sales, the first NFT game to do so. 60% of its total volume occurred in the last 30 days.1

Key Takeaways

  • Axie Infinity is a blockchain-based game where players can earn rewards by breeding, battling, and trading digital pet monsters called Axies.
  • The game utilizes two tokens in its ecosystem: Smooth Love Potions (SLP) and Axie Infinity Shards (AXS).
  • Axie Infinity champions the play-to-earn gameplay model, where players are rewarded by simply spending time playing the game and fully own their in-game characters or items as NFTs.
  • The gameplay revolves around players pitting a trio of NFT collectible creatures against each other, and players earn SLP by winning battles.
  • Axie Infinity has become the first NFT game to surpass $1 Billion in sales, with 60% of the game’s total volume taking place within the last 30 days.

Understanding the Axie Infinity Ecosystem

Axie Infinity is a blockchain-based game with an ecosystem leveraging blockchain technology and non-fungible tokens (NFTs).1 It launched in April 2019, powered by its cryptocurrency, Axie Infinity Shards (AXS).1

Blockchain Technology and Non-Fungible Tokens (NFTs)

The ecosystem utilizes blockchain technology and NFTs.1 Each Axie, the digital pet monsters, is a unique NFT with traits determining battle performance.1

Players collect and battle with their unique Axies, which cannot be counterfeited or altered.1

Breeding and Battling Mechanics

Gameplay revolves around breeding and battling Axies strategically.1 Players combine Axies to create powerful teams for battles, earning Smooth Love Potions (SLP) cryptocurrency.

The Role of In-Game Cryptocurrency

Two cryptocurrencies power Axie Infinity’s ecosystem: Smooth Love Potions (SLP) and Axie Infinity Shards (AXS).1 SLP is earned through battles and used for in-game activities like breeding.1

AXS is the governance token, allowing holders to participate in decision-making and share revenue.2 With a fixed 270 million token supply, AXS holders earn rewards through staking and governance rights.2

Traders analyze AXS token for investment opportunities based on its performance and fundamentals.2

Axie Infinity Metrics Value
Founder(s) Trung Nguyen1
Launch Date April 20191
In-game Cryptocurrency AXS1
AXS 24h Volume €46.3 million1
AXS Market Cap €947.1 million1
AXS in Circulation 145.8 million1
All-time High AXS Price €142.751
AXS Returns 6 months: ▼2.71%
1 year: ▲42.92%
3 years: ▲95.48%1
Projected AXS Price Minimal price in 2026: €20.42
Minimal price in 2031: €67.681
Total AXS Supply 270 million tokens2

Earning Opportunities in Axie Infinity

Axie Infinity’s play-to-earn model has revolutionized gaming.3 With 1.3 million users owning 11.8 billion Axies, the ecosystem offers various earning avenues.3

The Rise of Play-to-Earn Gaming

The play-to-earn concept allows players to monetize gameplay.3 Users can earn in-game currency, Smooth Love Potions (SLP), by participating in battles and quests.4

The Axie Infinity Scholarship Model

The scholarship model enables new players to join.4 Managers provide Axies to “scholars,” who earn SLP, sharing rewards with managers.3 This lowers the barrier to entry, making the game more accessible worldwide.

Staking and Liquidity Pools

Players can earn by staking Axie Infinity Shards (AXS) tokens in liquidity pools.4 As of October 2023, AXS market capitalization stood at $606.6 million, with $4.29 per token.3

Investing in Rare Axies

Savvy players invest in rare, valuable Axies.4 These unique NFT collectibles can be sold for profit in the in-game marketplace.3 In March 2021, an Axie named Angel sold for 300 ETH (around $500,000).

Despite challenges like technical issues and security breaches, Axie Infinity’s innovative play-to-earn model continues attracting players and investors.4

Axie Infinity earning opportunities


Axie Infinity showcases how blockchain-based games could transform gaming. Its play-to-earn model uses non-fungible tokens (NFTs).2 The ecosystem runs on two cryptocurrencies, Smooth Love Potions (SLP) and Axie Infinity Shards (AXS). Stakeholders earn rewards by holding and staking AXS.

Future Potential and Challenges

However, Axie Infinity faces hurdles like complex game mechanics and high participation costs.5 Daily active users dropped 90% from peak, and AXS token price fell 99%.5 New features aim to address issues like deflation through token burning and Free-to-Play model.

Axie Infinity’s Impact on the Gaming Industry

Axie Infinity could significantly impact gaming by ushering in player-owned, decentralized ecosystems.2 Its blockchain and NFT use inspired over 100 games utilizing its IP.5 Its pioneering play-to-earn approach may model future blockchain-based gaming projects.

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What is Axie Infinity?

Axie Infinity is a blockchain game. Players earn rewards through breeding, battling, trading digital pet Axies.

What tokens are used in the Axie Infinity ecosystem?

Two tokens are utilized: Smooth Love Potions (SLP) and Axie Infinity Shards (AXS).

What is the play-to-earn model in Axie Infinity?

The play-to-earn model rewards players. They fully own in-game Axies as NFTs.

How does the gameplay work in Axie Infinity?

Players pit NFT Axie trios against each other. Winning battles earns SLP tokens.

What is the significance of blockchain technology and NFTs in Axie Infinity?

Blockchain ensures Axie ownership can’t be altered. NFTs prevent Axie counterfeiting.

How do the breeding and battling mechanics work in Axie Infinity?

Breeding and battling are core gameplay. Players strategically combine Axies for powerful teams.

What is the role of the in-game cryptocurrencies in Axie Infinity?

SLP and AXS serve different functions. They power the in-game economy.

How can players earn rewards in Axie Infinity?

Players earn by playing battles. They can also earn via scholarships, staking, investing.Axie Infinity faces accessibility challenges. Yet, it pioneers decentralized player-owned gaming.

What are the challenges and potential of Axie Infinity?

Complex mechanics and high costs limit access. However, it could transform gaming industry.

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Dortha Denesik

About Dortha Denesik

I'm Dortha, the voice and heart behind this kaleidoscope of words you've stumbled upon. While some may call me a writer, I see myself as a perpetual learner, using my keyboard to journey through a myriad of topics and ideas, capturing the essence of what I uncover. This blog is a reflection of my diverse interests, ranging from the intricacies of daily life to the broader strokes of culture, society, and the wonders of our world. Each post is a fragment of my curiosity, meticulously researched, and penned with a blend of personal anecdotes and insights.

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