![]() Just one year later – during October 2021, after the project boomed in popularity and the token price skyrocketed, each ticket was worth roughly around $250,000, representing an increase of almost 125,000% in just one year. Each winning lottery ticket received 2,000 AXS at the price of $0.1 per token. But it wasn’t until October 2020 that the AXS token called the attention of the crypto community when Binance hosted the AXS initial exchange offering (IEO) on its Launchpad. Axie Infinity’s Project LaunchĪxie Infinity debuted in March 2018, hoarding capital from notable investors such as Mark Cuban, Blocktower Capital, and Libertus. In 2021, the company raised $152 million – giving Sky Mavis a valuation of $3 billion, becoming one of the top gaming companies worldwide. Witnessing the success of P2E games, the team decided to create a Pokemon-style game using the Ethereum blockchain. Nguyen co-leads Sky Mavis, a tech-focused gaming studio. Nguyen wanted to take advantage of all the benefits of blockchain technology and implement it into video games, giving players true ownership of the in-game items they collected. The history of Axie Infinity spans back to 2017 and has to do with Trung Nguyen, a Vietnamese software developer who was thrilled with the success of the famous CryptoKitties, collectible NFT kittens stored on the Ethereum network. ![]() ![]() Screenshot Who is the Team Behind Axie Infinity? Their price can range between a few dollars to hundreds of thousands of dollars. These creatures can be collected, bred, and sold at a price that depends on their rareness. What is Breeding Axies and How to Earn Money From it?Īxie Infinity is a popular Pokemon-inspired, blockchain-based P2E game where players collect virtual creatures in the form of NFTs called Axies.Quick NavigationĪxie Infinity’s Tokens: AXS and SLP Explained In this guide, we’ll learn step by step what Axie Infinity is, its history, and how to play it. One of the leading and most popular games in the field is Axie Infinity. The combination of blockchain technology and non-fungible tokens (NFTs) implemented in video games is giving crypto enthusiasts and gamers alike the opportunity to earn money by beating other players or just playing versus the environment. However, things move fast in the field of cryptocurrencies, and the above is now becoming possible thanks to the P2E (Play to Earn) business model. Earning money through playing video games is a dream of every gamer, but in the traditional industry, it’s something that only professionals achieve.
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