Axie Infinity has its own marketplace for Axies and, according to their website, the most expensive Axie ever sold in late 2020 for 300 ETH. Source: IGNĪs mentioned before, there are millions of Axies on the Axie Infinity virtual world, however, not all of them are available for sale. Since Axie Infinity started its journey on the Ethereum blockchain, Axies are ERC-721 tokens. These NFTs are fantasy creatures that can be bred, raised, and used to battle with other Axies. Axie Infinity is blockchain-powered and is built around millions of Axie NFTs. This game is considered to be a Play-to-Earn game, the very first of its kind. What are Axies?ĭuring Summer 2021, Axie Infinity attracted more than 250,000 users each day, making it one of the biggest DApps out there. Their market capitalization is $144 million, putting them in 295th place on CoinMarketCap. Unlike AXS, SLP has an uncapped supply, meaning that an infinite number of SLP tokens can be issued.Īt the time of writing, SLP has a trading value of $0.067 and a trading volume of $126 million. One of the main use cases for SLP is to breed Axies with one another. Moreover, SLP tokens can also be traded for other ERC-20 tokens on Ethereum DEXs such as Uniswap. This token can be either won by successfully beating enemies in-game or bought in various exchanges such as Binance, FTX, Gate.io, CoinEx, and many others. Now, let us move on to the Smooth Love Potion (SLP) token. They have a market capitalization of $3.8 billion, giving them a market rank of #39 on CoinMarketCap. Source: Axie InfinityĪt the time of writing, Axie Infinity Shard (AXS) has a price of $63.27 with a trading volume of over $279 million. Around 50% of the maximum supply will either be distributed as in-game rewards or through staking 8% will be allocated to community growth and development 20% will be given to Sky Mavis and the team of Axie Infinity 7% to Axie Infinity advisors and around 15% to public and private sale. Now, let us break down the distribution of these tokens.
The AXS has a maximum supply of around 270 million tokens while only 60.9 million Axie Infinity Shards are in circulation. Lastly, you can use your AXS to make all sorts of payments on the Axie Infinity virtual world.
Moreover, you can stake your AXS to help with liquidity and get rewarded for it.
So, you can use AXS for governing purposes in the Axie Infinity NFT game. The use cases for AXS include governance, staking, and payment. The Axie Infinity ecosystem is made up of two native tokens: AXS and SLP. As of right now, Ronin is not a decentralized blockchain, meaning that Sky Mavis has control over it. This sidechain was created by the creators of Axie Infinity for the sole purpose of hosting their game. Nguyen was the co-founder of a multi-million dollar company when he was just 19 years old Larson is a competitive Dota 2 player and has founded numerous gaming communities in Norway last but not least, Zirlin has a history degree from one of the Ivy League Universities – Yale.Īxie Infinity was built on top of the Ethereum blockchain, however, earlier this year, they announced that they have migrated to an Ethereum-Compatible sidechain known as Ronin. All three of these have solid backgrounds, and when they are combined, they form the perfect team for building a game like Axie Infinity. Axie Infinity (AXS) Fundamental Analysisįirst off, Axie Infinity was created in early 2018 by Sky Mavis, a video game developer company that was founded by Trung Nguyen, Alexander Larson, and Jeffrey Zirlin. Furthermore, we will touch upon their native token, Axie Infinity Shards (AXS), and present our price prediction for it. This DApp introduced an innovative concept which allows you to generate crypto assets such as NFTs while playing on their platform. In today’s article, we will talk about one of the biggest, if not the biggest, DApp out there – and that is Axie Infinity. To better portray the size of this industry, we must note that there are numerous DApps worth billions and most of them have been around for only 1-2 years. Some DApps have created their own ecosystem using native cryptocurrencies, some have created a metaverse using NFTs, while some have done both. There are thousands of DApps out there, but only some of them are worth a try. Another major part of the growth that DeFi is experiencing is its Decentralized Application (DApp) sector. By July 2021, the Ethereum ecosystem alone had more than 3 million users – and this was before Non-Fungible Tokens (NFTs) got mainstream attention. The Decentralized Finance (DeFi) ecosystem has been growing rapidly this year, with Ethereum and Cardano announcing new innovations.
0 kommentar(er)
