In our previous blogs, we had a brief introduction of what Metaverse is. In this one we are going to start with one of the most popular Metaverse platforms that have been online for almost 4 years, to be precise, it is officially released in March 2018. So, what is Axie Infinity, what kind of stuff can we find there, and what is so interesting about it that made the game’s token AXS with $27,468,049,976 fully diluted Market Cap by the time of writing?
Axie Infinity is founded and developed by Sky Mavis, a game studio founded the same year with headquarters in Ho Chi Minh City, Vietnam. The platform describes itself as a structured open-ended digital pet universe. So, does that mean you can grow a pet in there and take care of it like it is real?
Of course, yes. You can even improve it and we are going to see how.
Plot twist: I’m not going to mention everything about the game, I do not want to ruin the fun he he
The pets in the Axie Infinity world are obliviously called Axies. In order Axies to exist on the platform, they have obtained real-world pets' behavior. To produce one Axie, you need a pair of Axies to breed them to obtain an egg. But what is an egg good for when you need Axie to play the game?
Well, that is the most fun part of it. Since the game’s idea comes from biological principles, you need to wait 5 days in order Axies to reach maturity and be full-grown developed Axies(pets). Each Axie has 6 body parts, and for each body part, an Axie poses 3 genes, Dominant (D), Recessive(R1), Minor Recessive (R2). When breeding, you can use a platforms calculator about the probabilities from the upcoming Axie! Sounds sick, right?
Well, that is not the best part of it yet. The land, as described on the platform, Lunacia, is the homeland of the Axies. The land, Lunacia, is divided into tokenized plots of land which act as bases and homes of operations that Axies do in the game. Well, if you are asking yourself who owns these plots, it is the investors and the players themselves. Yup, if you read that wrong, you can buy a virtual piece of property on the platform, and it will belong 100% to you!
There are 90,601 plots of Land and they represent NFTs, and the best part is, you can trade them whenever you want!
There is plenty of stuff you can do there, resource gathering and crafting, real-time PvE battles, explore the world, anything!
That is great, but where does that money come from, as we mentioned before? And why is it so popular?
Well, it is one of the first play-to-earn games developed using blockchain technology. And although you can earn while playing that game, you are not able to enter the game without an investment, for you to be able to earn and complete the tasks given, you need 3 Axies and each of them has a price which you need to pay if you do not obtain any Axie on your wallet of course.
You look interested, but you do not have funds to invest and start playing and earning?
Well, you could look up already in-game players and investors and ask them for you to be their Scholar. This way you could lend their Axies and provide them with a good percentage of your earnings for using their Axies for your own purposes. But please be gentle and polite when asking, remember that it is a great favor they are doing!
Little Tokenomics:
Axie Infinity is built on the Ethereum blockchain and its native token Axie Infinity Shards (AXS) is an ERC-20 governance token for the platform. According to the blockchain explorer, the maximum total supply of the current token should be 270,000,000 AXS. The value of 1 AXS by the time of writing is 103$ approx. With an all-time high of $165.37, AXS looks like a promising investment, although I must mention this is far from anything like investment advice.
Stay tuned for more!
