{"id":1845,"date":"2023-08-11T13:00:13","date_gmt":"2023-08-11T13:00:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=1845"},"modified":"2023-08-11T08:29:46","modified_gmt":"2023-08-11T08:29:46","slug":"what-is-axie-infinity-axs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-axie-infinity-axs\/","title":{"rendered":"What Is Axie Infinity (AXS) ?"},"content":{"rendered":"

Axie Infinity<\/strong> is an online video game that was created by Sky Mavis<\/strong> and built on NFT (non-fungible token) technology. It draws inspiration from the Pok\u00e9mon game series.<\/p>\n

The popular Pok\u00e9mon video game series served as inspiration for the blockchain game Axie Infinity. During the game, players can acquire tokens through various means.<\/span> Since 2017, online games based on NFTs have gained increasing popularity. Axie Infinity enables players to acquire, breed, combat, and trade digital creatures called Axies<\/strong> in a manner reminiscent of games like CryptoKitties<\/strong>.<\/span>\u00a0<\/span><\/p>\n

You might like it:\u00a0What Are Cryptocurrency ETFs?<\/a><\/strong><\/p><\/blockquote>\n

Axie Infinity<\/strong> features unique Axies, which are NFTs that players can breed to produce offspring or trade on the in-game Axie marketplace. In addition to breeding and trading Axies in Axie Infinity, players can also earn income in the form of two ERC-20 tokens<\/strong>: Axie Infinity Shards (AXS) and Smooth Love Potions<\/strong> (SLP).<\/span>\u00a0<\/span><\/p>\n

AXS serves as the primary governance mechanism of Axie Infinity, allowing players to have an impact on the platform’s development.<\/span>\u00a0<\/span><\/p>\n

\"What<\/p>\n

On the other hand, SLP<\/strong> is earned by playing Axie Infinity and can be used to breed new Axies, which can then be traded in-game for AXS. In this manner, investors who do not wish to play Axie Infinity also can buy and sell both tokens on decentralized cryptocurrency exchanges (DEX).<\/span>\u00a0<\/span><\/p>\n

In addition to these core functionalities, the developers of Axie Infinity have created new game areas by opening up certain aspects of the Axie universe to community developers.<\/span>\u00a0<\/span><\/p>\n

With this intention in mind, they aim to foster communities of players who actively contribute to the game universe. This also includes not only earning tokens but also actively participating in shaping the future development of Axie Infinity.<\/p>\n

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