Today we will talk about Axie Infinity (AXS)!
OVERVIEW
In the last review, I talked about another crypto of the metaverse world. I’m talking about The Sandbox (SAND). If you missed my last review, you Axie Infinity is currently one of the most popular Play2earn games in the world, played by thousands of users and with a colossal volume of asset transactions within it. Players who decide to register and play the game, have the possibility to obtain prizes and rewards for the game played. We have been a concrete reference point in the cryptocurrency sector for years and we are now proposing a game that integrates the well-known blockchain technology (used directly in many sectors). Being fully inserted in the crypto world and in the Metaverse, Axie Infinity has several tokenized assets within its ecosystem. One example is the Axie Infinity AXS governance asset, which is only tradable on major online platforms.
It is a Pokémon-inspired universe where players can unlock, improve and customize their creatures known as Axies in many different ways. What's more, you can collect resources and items to upgrade your land lots and, consequently, train your Axies even more efficiently. Land plots, in fact, can be upgraded over time using resources and crafting elements that can be obtained by playing. In addition, landowners could find AXS tokens on their plots of land or use Axies found within their land to explore the map and obtain other resources.
It's like a real estate market. Just as in a physical real estate strategy, if someone builds or improves the land next to ours, it becomes more valuable. When you've played so hard that you've improved your plot of land enough, in fact, you can resell it as an NFT, which is a unique virtual object that doesn't have any kind of copy in another object on the network.
Axie Infinity is being developed by Sky Mavis which is a technology-focused game studio founded in early 2018. The team consists of 40 full-time employees and has its headquarters in Ho Chi Minh City, Vietnam. The founding team consists of the following individuals:
Although the project is very young, Axie Infinity can boast several important partnerships such as: Samsung, Ubisoft, Binance, Maker, Aave and Kyber Network.
They have already completed a lot of milestones. Now, for 2022, they have the following goals to achieve for the roadmap:
If you want to check all the previous milestones, you can check them here: https://whitepaper.axieinfinity.com/roadmap
DEEPENING
In the OVERVIEW section I introduced you Axie Infinity (AXS) and I said that is currently one of the most popular Play2earn games in the world, played by thousands of users and with a colossal volume of asset transactions within it. Players who decide to register and play the game, have the possibility to obtain prizes and rewards for the game played. We have been a concrete reference point in the cryptocurrency sector for years and we are now proposing a game that integrates the well-known blockchain technology (used directly in many sectors).
Let’s start to talk about the token AXS!
AXS Tokens
Players who participate in activities on Axie Infinity can obtain assets and tokens based on missions and objectives completed. The two assets present within Axie are:
For AXS, the total offer established by the whitepaper amounts to 270,000,000 coins, with a progressive issue, to be completed by 2026. Axie Infinity (AXS) belongs to the category of ERC tokens - 20 (recalling the presence of Ethereum building technology).
Beyond its relevance within the game and ecosystem, the Axie Infinity (AXS) cryptocurrency has its own value and listing on the crypto market. It can therefore be traded and traded through the methodologies available in the cryptocurrency industry to date.
Axie Infinity Marketplace
Objects, game structures, as well as Axie itself, can be bought in the Axie Infinity Marketplace. This is a real online store, in which all the possible tokenized assets present in the game are put on sale. The countervalue can be calculated based on the selling price (which is shown in cryptocurrency) based on the exchange rate at that moment.
What are the assets and instruments that can be purchased within the Axie Infinity Marketplace? Following are the available sections:
What are the risks?
Potential risks of the project include competitive games with better gaming experience and stronger earning features. Thanks to its strong community, AXS largely avoids this risk, as many players have already invested a lot of time in the game. It's also prone to security issues that updates might introduce, but that's unlikely. Continued mismanagement and broken game mechanics can also lead to user exodus. However, the track record of game designers suggests this is unlikely to happen.
Axie Infinity saw an uptick in June 2021 after switching to the Ronin sidechain to avoid gas fees on the Ethereum chain. Axie still has room to grow, as play2earn games are increasingly played in the "traditional" gaming community and among console players. Income keeps increasing. Axie Infinity's protocol revenue has exceeded $800 million as of the beginning of the fourth quarter of 2021. With a market cap that places Axie Infinity in the top 5 gaming companies in the world and a still small user base compared to traditional video games, future growth is nearly limitless.
Next Sunday I’ll introduce to you a new cryptocurrency.
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