Axie Infinity is a play to earn NFT based online video game developed by Vietnamese studio Sky Mavis. It’s a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as “Axies” (characters based on axolotl), which are digitized as NFTs. New players need to have at least three Axies to play.
The game makes use of two unique Ethereum based cryptocurrency coins. Which are Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). Axies and eggs in themselves can also be sold to other people with Ethereum as its trade of currency. Players can view the current value of AXS and SLP on Coingecko.com. The majority of transactions take place on Ronin, a sidechain built by developer Sky Mavis with the intent to have lower fees than the main Ethereum blockchain.
As of January 2019, virtual land (in the form of non-fungible tokens) can also be purchased in the game.
In November 2019, Sky Mavis raised around $1,500,000 USD to accelerate the development of Axie Infinity. The round was led by Animoca Brands with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.
Protocol revenue on Axie Infinity yielded $305 million over 30 days in July and August of 2021.
Axies are fantastical monsters that can be fought, collected, and raised by players. Each Axie has unique characteristics that influence it in battle. Each Axie has 4 notable stats to be looked into. These include Health, Morale, Skill, and Speed. These stats along with other aspects are important to know whether an Axie can be deployed to fight into the arena competitively.
- Morale: Morale raises the chance of a critical strike. It also increases the chance of entering last stand and adds extra last stand ticks.
- Speed: Turn order is determined by speed. Axies with greater speed attack first. Speed also reduces an Axie’s chances of getting hit by a critical attack.
- Skill: When an Axie plays numerous cards at once, Skill increases the damage (combo).
- Health: The maximum amount of damage your Axie can take before being knocked out.
Similar to one of the most popular game series called Pokemon, Axie Infinity also has a class traits system that implements advantages against one class over another. There are currently 9 axie types that have been introduced in the game. Within these classes are three special classes that can only be bred using special combinations of axies. Mech results as an offspring of a purebred Beast Axie and a purebred Bug Axie. Dawn results as an offspring of a purebred Plant Axie and a purebred Bird Axie. Finally, Dusk Axies are born of purebred Reptile Axie and purebred Aquatic Axie parents.
Axies have six body parts: eyes, ears, a horn, a mouth, a back, and a tail. The body parts that are responsible for the Axie’s skill cards are its Mouth, Tail, Horn, and Back. Each body part also contributes different additional stats depending on which class the part belongs to.
- Aqua: 3 Speed + 1 HP
- Beast: 3 Morale+1 Speed
- Bird: 3 Speed + 1 Morale
- Bug: 3 Morale + 1 HP
- Plant: 3 HP + 1 Morale
- Reptile: 3 HP + 1 Speed