Axie Infinity is a digital pet community in which you buy creatures – called Axies – and use them to battle, explore and breed with other Axies.
Axie Infinity is a blockchain gaming platform based on Ethereum blockchain. Axie Infinity is a product of the Vietnamese company Sky Mavis, which was first launched in 2018. The game consists of Axies, each of which is a unique genetic code (NFT) that is stored on the ethereum blockchain. The Axie Infinity game has an 18+ age rating, however there is no age-verification process. When you sign up to Axie you do so via your crypto wallet, and the recommended wallet, MetaMask, does allow users under 18 if they have parental permission. To play, you first need to buy three Axies with Ethereum.
Play-to-Earn game: How Does It Work?
Play-to-earn games rely on blockchain technology, as you can earn items while playing the games in the form of crypto tokens, non-fungible tokens (NFTs). Many of metaverse games will reward by offering you one of the digital assets above.
What are AXS token and SLP token?
Axie Infinity Shards (AXS) and Smooth Love Potions (formerly Small Love Potion) (SLP).
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a head start. A second token, called Small Love Potion (SLP), is awarded to players for spending time in the game. You can win some for beating an opponent’s Axie or for completing in-game quests. The more you play, the more SLP you can rack up.
Axies and NFTs
An Axie is a non-fungible token (NFT). Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. If you buy an NFT, you own the unique URL describing it. Even if someone were to screen-shot the image of the NFT you own, they wouldn’t be able to replace its unique data identifier.
Axie Infinity lets you – as the owner of the NFT – own that character, even when you’re not playing.
How can I play Axie Infinity?
To start playing, you need to buy at least three Axies from the game’s NFT marketplace. Rare Axies with desirable traits cost more.
Players can also breed new Axies, which costs some of the game’s two native cryptocurrencies: Axie Infinity Shards (AXS) and Small Love Potion (SLP).
You can earn SLP by successfully battling other players and completing quests.
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