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What is AXS Axie Infinity?
AXS stands for Axie Infinity Shard. It is an ERC-20 token built on the Ethereum Blockchain, and has a maximum supply of 270,000,000 AXS coins. Inspired by Pokémon, this Axie Infinity is a fighting game where players can breed and train their Axies to fight against others.
What is Axie Infinity Crypto?
Definition. Axie Infinity is a crypto-meets-Pokémon game in which players raise, battle, and trade cute NFT pets called Axies.
Is Axie Infinity legit?
Is it legit or all hype? To answer the question above: Yes! Axie Infinity is legit.
What is AXS value in Axie Infinity?
AXS Price Statistics
| Axie Infinity Price | $95.30 |
|---|---|
| 24h Low / 24h High | $93.19 / $97.88 |
| Trading Volume24h | $278,636,009.79 29.07\% |
| Volume / Market Cap | 0.048 |
| Market Dominance | 0.27\% |
How does Axie Infinity work?
How does it work? Axie Infinity is a play-to-earn game that rewards players. There are animated characters called Axies, which players treat as pets. PVP battles, as well as breeding Axies, selling them on the Marketplace, and collecting rare Axies, are all great ways to earn.
What is AXIE used for?
The play-to-earn business model In Axie Infinity, players buy, breed, and pit monsters called Axies against each other to win in-game currency—called small love potions—that can be exchanged for fiat cash. This business model is known as play-to-earn, where players earn crypto rewards for playing a game.
Does Axie Infinity will last?
Axie Infinity will not last due to the necessity of onboarding new players at an exponential rate to keep the play-to-earn model profitable enough.
Why is Axie Infinity popular?
Monster-battle NFT game Axie Infinity soars in popularity among developing nations. One way to earn money on the platform is to breed in-game creatures called Axies using crypto, mint them as NFTs, and sell them to other players. An estimated 40\% of players are based in the Philippines, alone.
Is Axie Infinity a gamble?
Axie Infinity allows users to cash-out their tokens every fourteen days. This model has been described as a form of gambling.
Does Axie Infinity last?
Why Axie Infinity Might Fail Players spend hours on this game to accrue as much SLP and AXS as possible. However, breeding Axies consumes SLP, while AXS can be sold through crypto exchanges for US dollars.
How does Axie Infinity make money?
Selling SLP or Smooth Love Potions The most common way to earn money in the Axie Infinity universe is to farm and sell an in-game item called Smooth Love Potions. As one of the required elements to breed Axies, SLP has found a great demand in the market.
Is Axie Infinity in trouble?
The crypto game , Axie Infinity , was all the rage in 2021, but its returns are slowly diminishing. According to analytics firm Naavik, Axie Infinity has an inflation problem on its hands with players cashing out rather than putting their money back into the game.
For storing the Axie Infinity NFTs,a user needs to have a compatible wallet.
How to play Axie Infinity?
MetaMask wallet. Download the MetaMask cryptocurrency wallet and deposit some Ether (ETH) into it.
What is Axie Infinity?
It’s one of the top gaming cryptos by market capitalization.