Axie Infinity Price | axs Live Chart and Price Index

What Is Axie Infinity (AXS)?

Axie Infinity is a blockchain-based video game in which players collect, breed, and fight with fantasy creatures called Axies. This goes into the play-to-earn gaming ecosystem where the player literally earns money while playing the game.

What Does Axie Infinity (AXS) Solve?

Axie Infinity addresses:

Ownership: Offers gamers true ownership of in-game items.
Earnings: This enables the users to earn an amount with real value simply by playing games.
Decentralization: Based on a decentralized network, it provides transparency and security.

Why the Crypto Market Needs Axie Infinity (AXS)

The crypto market gains from Axie Infinity by:

P2E Gaming Promotion: Encourages the adaptation of P2E gaming models.
Community Building: Creates a vibrant and active community.
NFT Integration: Applying the potential NFT upgrade value of a game asset.

History & Achievements

Axie Infinity was launched in 2018 by Sky Mavis, a Vietnamese game developer. It gained significant popularity in 2021 and is hailed as one of the most successful blockchain-based games because of the large user base it has amassed, leading to unusually high volumes in trading.

Who Founded Axie Infinity (AXS)?

Axie Infinity is a creation of the company Sky Mavis, founded by Trung Nguyen, Aleksander Larsen, and Jeffrey Zirlin, with experienced team members from the world of gaming and blockchain.

What Kind of Technology Does Axie Infinity (AXS) Use and How Does It Work?

To protect and authenticate using:

Ethereum Blockchain: To ensure that the operations are secure and transparent.
Ronin Sidechain: Reducing transaction costs and enabling high scalability.
NFTs: Represent Axies and other in-game assets.

What Determines the Price of Axie Infinity (AXS)?

Factors Influencing AXS:

Market Sentiment: News and developments.
Player Activity: User engagement and growth of activity in the Axie ecosystem.
NFT Market Trends: Trends of the NFT and gaming markets.
Regulatory Changes: Cryptocurrency regulatory environment.

How Many Tokens of Axie Infinity (AXS) Are There?

There are about 148,580,390 AXS tokens in circulation out of the total supply of 270,000,000 tokens.

What Is the Max Supply of Axie Infinity (AXS)?

A maximum of 270,000,000 AXS tokens will be minted.

What Is Axie Infinity (AXS) Utility?

AXS tokens serve:

Governance: Voting for key decisions and protocol upgrades.
Staking: Rewards and governance.
In-Game Purchases: Buying Axies as well as other assets necessary to breed these digital pets.

Axie Infinity (AXS) Tokenomics

Tokenomics for Axie Infinity include:

Staking and Rewards: Rewards for holding AXS.
In-Game Utility: To be used for the Axie Infinity in-game marketplace.
Supply Cap: 270,000,000 tokens will ensure scarcity and value.

What Is Axie Infinity's All-Time High and All-Time Low?

All-Time High: $164.90 on November 6, 2021
All-Time Low: $0.1237 on November 6, 2020

Where to Buy Axie Infinity (AXS)?

AXS tokens are available for purchase from a number of large cryptocurrency exchanges, including:

Binance
Coinbase
Kraken
Gemini
Uniswap

Who Invested in Axie Infinity (AXS) Early On?

Axie Infinity is one of the very few blockchain-based projects that has seen early investments from some of the biggest venture capital firms, such as Andreessen Horowitz, Paradigm, and Accel.

What Are Axie Infinity (AXS) Revenue Streams?

Axie Infinity operates on the following revenue model:

Transaction Fees: From in-game transactions and the sales of items in the marketplace.
Breeding Fees: Charged to breed new Axies.
Staking Rewards: This pertains to the staking of the AXS tokens.