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Axie Infinity

Axie Infinity

Axie Infinity is an NFT gaming platform and marketplace.

OverviewStructured DataIssuesContributorsActivity

Contents

axieinfinity.com
Is a
Company
Company
Organization
Organization
Cryptocurrency
Cryptocurrency

Company attributes

Industry
ERC-20 Token
ERC-20 Token
Non-fungible token (NFT)
Non-fungible token (NFT)
Video game
Video game
Online marketplace
Online marketplace
Blockchain
Blockchain
Metaverse
Metaverse
Cryptocurrency
Cryptocurrency
Decentralized application (dApp)
Decentralized application (dApp)
...
Location
Ho Chi Minh City
Ho Chi Minh City
B2X
Marketplace
Marketplace
0
CEO
Trung Nguyen
Trung Nguyen
Founder
Aleksander Leonard Larsen
Aleksander Leonard Larsen
Trung Nguyen
Trung Nguyen
Jeff Zirlin
Jeff Zirlin
0
Sky Mavis
Sky Mavis
Pitchbook URL
pitchbook.com/profiles...327465-28
Legal Name
Axie Infinity Ltd
Parent Organization
Sky Mavis
Sky Mavis
Subsidiary
ASVA Labs
ASVA Labs
Date Incorporated
2018
Number of Employees (Ranges)
11 – 50
Email Address
hello@axieinfinity.com
Phone Number
+13257323823
Number of Employees
6040
Full Address
155 Duong Ben Van Don Ho Chi Minh City Vietnam
Investors
Coinbase Ventures
Coinbase Ventures
0
Dialectic
Dialectic
0
Fabric Ventures
Fabric Ventures
0
‌
Hashedin
0
Paradigm
Paradigm
0
Yield Guild Games
Yield Guild Games
0
Digital Strategies
Digital Strategies
0
...
Founded Date
2018
Total Funding Amount (USD)
9,000,000
Latest Funding Round Date
May 2021
Competitors
Prometheus
Prometheus
Kryxivia
Kryxivia
Mines of Dalarnia
Mines of Dalarnia
Crypto Unicorns Rainbow
Crypto Unicorns Rainbow
TaleCraft
TaleCraft
0
Mones
Mones
Sensorium
Sensorium
...
Business Model
Commerce
Transaction processing / marketplace
Stock Symbol
AXS0
Exchange
HitBTC
HitBTC
Binance
Binance
0
Gate.io
Gate.io
0
PancakeSwap
PancakeSwap
Poloniex
Poloniex
CoinList
CoinList
BitPay
BitPay
Crypto.com
Crypto.com
0
...
CTO
‌
Viet Anh Ho
0
Key People
Trung Nguyen
Trung Nguyen
Aleksander Leonard Larsen
Aleksander Leonard Larsen
Latest Funding Type
Series A
Series A
COO
Aleksander Leonard Larsen
Aleksander Leonard Larsen
Technologies Used
SEMrush
SEMrush
BuiltWith
BuiltWith

Cryptocurrency attributes

Ticker Symbol
AXS
SLP
Maximum Supply
270,000,0000
Block Explorer URL
bscscan.com/token/0x7...7ed4d2f8a0
etherscan.io/token/0x...5D6cAAa25
solscan.io/account/H...WRqS7zcPK5
explorer.harmony.one/addr...865de
solscan.io/token/4hp...SGag9ND8Q4
bscscan.com/token/0x5...68dD4d81B3
etherscan.io/token/0x...40327b28b
explorer.roninchain.com
Announcement URL
t.me/axieinfinity

Other attributes

Blog
medium.com/@AxieInfinity
Circulating Supply
80,079,3190
CoinGecko ID
axie-infinity0
Company Operating Status
Active
Strategic Partnerships
Play It Forward DAO
Play It Forward DAO
Biswap
Biswap
Battle Arena Games Guild
Battle Arena Games Guild
0
PancakeSwap
PancakeSwap
MetaGoons
MetaGoons
Binance
Binance
LootRush
LootRush
Cryptocurrency Symbol
AXS
Funding Price per Share
0.1
Funding Type
Series A
Series A
ICO Amount Raised
1,500,000
ICO Date
May 2019
Invested in
Merit Circle
Merit Circle
Layer 1 Technology
Ethereum
Ethereum
Market Capitalization
1,817,613,4850
Partner Organizations
Dropstab
Dropstab
0
CoinW
CoinW
Binance
Binance
Kyber Network
Kyber Network
Ubisoft
Ubisoft
Community Gaming
Community Gaming
...
Source Code
explorer.roninchain.com/tok...bece
bscscan.com/token/0x7...7ed4d2f8a0
etherscan.io/token/0x...40327b28b
explorer.harmony.one/addr...865de
solscan.io/account/H...WRqS7zcPK5
TikTok URL
tiktok.com/@axieinfinityhq
Token Standard
HRC200
SPL0
BEP-200
AXS
ERC-200
Total Supply
270,000,0000
Wallet
trezor.io
atomicwallet.io/ru
argent.xyz
ledger.com
coinbase.com/wallet/
crypto.com/defi-wallet/
metamask.io
metamask.io
...
Overview

Axie Infinity is an online gaming platform built on blockchain by Sky Mavis. The company was founded by Aleksander Leonard Larsen and Trung Nguyen in 2018. The game allows players to collect different digital pets called Axies, which can be raised, battled, and traded to other players in the Axie world. The game was originally inspired by the well-known game Pokemon.

There are two primary tokens used within the game: Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). AXS is the game's native governance token, and holders of AXS are part of Axie's decentralized community and can help shape and govern the platform's development. Both AXS and SLP are ERC-20 tokens that can be traded on the Ethereum network; however, the AXS token is most commonly used for breeding new Axies.

According to data from Token Terminal, in early 2021, Axie Infinity was able to generate near USD $90 million in revenue in 30 days. On Token Terminal's list of other apps, this was more than the next ten apps revenue, which, combined, equaled USD $41 million in the same time period. Of this revenue, 95 percent remained with the players as the players owned the NFTs and relevant tokens.

The Game

Axie is a play-to-earn game and offers an NFT-based economy. In the game, players battle Axies and complete quests, with gameplay similar to other games such as Pokemon Go or Hearthstone. As in these games, the players trade and battle the Axies, in-game creatures which players collect, breed, raise, battle and trade, and which are digitized NFTs. The in-game currencies can be used to breed Axies, which can in turn be sold, or buy land in the game, with each plot of land also being an NFT and able to be sold.

Other than the Axies, the game also revolves around the SLPs, which are obtained through completing challenges and battling in the game. The SLPs are used to breed new Axies which can be used to further battle, or be sold to other players or new players. SLPs can be sold on their own in the game, as they are often priced against the USD, and top players are able to earn around 1,500 SLPs per day, which in mid 2021 represented roughly USD $435.

An intro to Axie Infinity

In-game economy

The game has over a million players who have grown during the COVID-19 pandemic and related economic concerns and lockdowns, especially in the Philippines and Venezuela, where the game has proved especially popular, accounting for 45 to 50 percent of the game's player base. The popularity is in part expressed in the Axie tokens climb in value. While the token sat around zero USD, it has since grown to be valued at over USD $60.

Another part of the popularity comes from the ability for players to earn a good income from the game, around USD $2,000 a month, which for some players from regions such as the Philippines or Venezuela can be as much as double the income more traditional jobs have offered. For these players, they often are sponsored by managers or guilds. These managers or guilds help players enter the game, which can cost as much as USD $1,500.

The ability to earn an income comes from breeding Axies, which can be traded in-game or in real life in the Axie Marketplace as NFTs. As well, other in-game items, such as real estate, flowers, barrels, and lamps are all tradable as NFTs, and can be bought and sold using Ethereum. For players to purchase and sell these digital assets, especially any of the tokens, the player has to have two wallets. The first can be a preferred wallet, which is then connected with a Ronin wallet. Ronin is Axie Infinity's Ethereum-compatible sidechain. The Ronin wallet allows users to access the network and earn SLP and AXS and interact in the in-game economy.

New players

New players to the game are required to have three Axies in order to play. To get these Axies, players need to buy or borrow these Axies. Most are available for at least USD $190, although the average in mid 2021 was USD $350. Furthermore, the higher level, rarer, or mystic Axies sell for a lot more, as they are considered to be more desirable in game. As of late 2020, the most expensive Axie sold, called Angel, was sold for 300 Ethereum, which at the time of the sale was around USD $120,000. Whereas, around early 2021, a chunk of in-game real estate was sold for the equivalence of USD $1.5 million, with a monthly trading volume of around USD$170 million in 2021.

Managers and scholars

For their sponsorship, these guilds and managers take a cut from the earnings, earnings which are made by cultivating the in-game creatures called Axies, which can be battled with or sold at profit to other players. Often, the guilds are made of hundreds of players, each managing various accounts in order to develop Axie characters and increase the value of the Axies Infinity Shard token.

In the game there are the managers, previously mentioned, which are owners of teams or guilds and invest money to buy Axies. The scholars are players who are paid to play the game on behalf of the manager. This agreement often sees the managers and scholars split the profit either sixty-forty, or sixty-five-thirty-five, depending on the agreement, and often in favor of the scholar.

The Axies

Each Axie is intended to be a unique creature which players can breed, develop, and trade or sell. This is as each Axies is an ERC-721 non-fungible token (NFT) and is intended to be unique. The creature has four different statistics, which include health, morale, and speed. And each statistic plays a role in the Axie's battle mechanics, including how much damage a creature can do, which creature attacks first, and how much damage the creature can take.

Further, each Axie is comprised of six body parts, which include back, ears, eyes, horns, mouth, and tail. Other than the eyes and ears, each of these parts have associated abilities which influence the Axie's capabilities in battle. Further, each body part has three genes associated with it, one dominant, one recessive, and one minor recessive gene. These gene distributions influence the type of Axie's which can be bred from existing Axies.

Classes

The Axies come in one of six normal classes, being aquatic, beast, bird, bug, plant, or reptile. Or they can be one of three secret classes, which include dawn, dusk, or mech. These classes each have strengths and weaknesses, which affect the Axie's overall stats, and affects how effective an Axie of one class is against an Axie of another class. For example, aquatic Axie's are strong against Axie's of the beast, bug, and mech classes, while the aquatic Axie is weak against reptile, plant, and dusk Axie classes.

Breeding

The genes associate with an Axie will determine the type of creature capable of being bred. Breeding is an important part of the game, as this allows players to create new creatures. And these new creatures can be potentially rare and more powerful than their predecessors, and fetch a higher price. With some of the rarest types of Axies being considered Mystic Axies, or having mystic parts, with an Axie having more mystic parts being more valuable and sold at higher prices. The Axies can be bred a total of seven times. This is in order to limit the total Axie population and maintain the scarcity necessary for the in-game economy to thrive. Furthermore, each breeding costs 4 AXS and a variable number of SLPs, with the first breeding cycle costing 150 SLP which increases to 3,150 SLP by the final and seventh breeding.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

💎 AXIE INFINITY - Как начать ИГРАТЬ и сколько можно ЗАРАБОТАТЬ НА ИГРЕ? Полная инструкция.

https://www.youtube.com/watch?v=0-oqbJYg0bM

Web

September 2, 2021

📉 Axie Infinity Coin Alert!!! AXS Coin Market Crash?

https://youtu.be/pjfuMq0cAM4

Web

January 1, 2022

🟢⚠️ AXS COIN EXPLODES! AXIE INFINITY CRYPTO PRICE PREDICTION! Gaming & NFT News 🟢⚠️

https://youtu.be/PDTyFuLgr5c

Web

July 10, 2021

8 Things to Know Before You Buy Axie Infinity (AXS)

Emma Newbery

https://www.fool.com/the-ascent/cryptocurrency/articles/8-things-to-know-before-you-buy-axie-infinity-axs/

Web

July 24, 2021

Axie Infinity

https://t.me/axieinfinity

Web

...

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