Apart from Axies, the game features virtual land and items, which are also ERC-721 tokens. You can store them in your crypto wallet, transfer them to other Ethereum addresses, or trade with other players using a blockchain-based marketplace. They are non-fungible tokens (NFT) you own and control. In the Axie Infinity ecosystem, the game characters are called Axies. SLP has famously become part of the play-to-earn movement, letting gamers earn a fairly steady income simply by playing Axie Infinity. Other Axie Infinity tokens include game assets (your Axies) in the form of ERC-721 tokens and Smooth Love Potion (SLP), an ERC-20 token. AXS rewards are given out to the top-ranking players after each season. AXS tokens can be purchased, traded, or earned through playing the game. AXS is an ERC-20 governance token launched in November 2020. The game is the brainchild of Vietnam-based startup Sky Mavis, starting as a passion project before becoming a popular Ethereum game.Īxie Infinity Shard (AXS) is the token of the Axie Infinity ecosystem. You can also use the Ronin Bridge to send tokens from an Ethereum wallet to a Ronin Wallet.įollowing on the concept pioneered by CryptoKitties, Axie Infinity is an Ethereum -based collectible game that’s been growing since 2018. Both AXS and SLP are available to purchase on Binance and transferable to your Ronin wallet. In the future, you’ll also be able to purchase Land NFTs. The Ronin sidechain allows for nearly instant transactions and allows players to transact tokens and Axies without using the Ethereum blockchain, which reduces transaction costs. You can store your tokens and NFTs in either an Ethereum wallet or Ronin wallet. To play, you’ll need a team of Axies that can be either purchased or provided by another player. AXS is also available as BEP-20 tokens on the BNB Smart Chain (BSC).Įach Axie creature has a different class and is made up of various body parts, stats, and other attributes. AXS is a governance token, and SLP is used for breeding new Axies. Its native cryptocurrencies are the ERC-20 tokens Axie Infinity Shard (AXS) and Smooth Love Potion (SLP). More specifically, Axie Infinity is an NFT game and ecosystem built on the Ethereum blockchain. An easy way to think of Axie Infinity is to imagine a blockchain game that combines Pokémon, CryptoKitties, and card game elements. It’s 2021, and that means you can earn money by playing games and breeding virtual pets.
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