What is Axie Infinity? A beginner’s guide

Definition

Axie Infinity is a crypto-Pokémon game in which players raise, battle, and trade cute NFT pets called Axies. The game is called Axie Infinity. In addition to Axie Infinity Shards (AXS), the game has Small Love Potion (SLP), which can be bought and sold on Coinbase.

For a long time in the summer of 2021, Axie Infinity has been the most popular cryptocurrency app on the Ethereum blockchain. It's a crypto-Pokémon game in which players raise, battle, and trade cute NFT pets called "Axies."

Axie Infinity is a game about breeding, raising, and fighting cute animals called Axies. There is an in-game market where axies and virtual real estate are sold in the form of NFTs. Find out more about NFTs. Most transactions happen on a sidechain called Ronin, which was built by Sky Mavis. It has a lower fee than the main Ethereum blockchain.

How does Axie Infinity work?

As a "play to earn" game, Axie Infinity lets players sell items like the Axies they breed, in-game real estate, and accessories like flowers or barrels. At the same time, they can also get tokens the game gives them. There are two special currencies that are used in the game: XRP and DLC.

Exchanges like Coinbase let people buy and sell Axie Infinity Shards (AXS), the main token, which can be bought or sold for money. For the game, you'll need some AXS. You can also trade AXS for Bitcoin or Dogecoin. AXS will also be used as a "governance token," which lets people who own it have a say in how the game is made.

A second token, called a Small Love Potion (SLP), is given to players who spend a lot of time in the game. You can get some if you beat an opponent's Axie or if you finish in-game tasks. The more you play, the more SLP you will earn. As of right now, Coinbase doesn't have this asset. You can buy and sell SLP on DEXs like Uniswap or SushiSwap.

When Sky Mavis made Axie Infinity in 2018, it was in Vietnamese. A million people played the game every day in August 2021.

In Axie Infinity, how do you start to play it?

When you want to play, you'll need an Ethereum-compatible wallet and some ETH, or "Ethereum." It's possible to buy some ETH from an exchange like Coinbase and send it to Coinbase Wallet or Metamask. Coinbase Wallet is a separate app that you can download from Apple's App Store or Google Play. This Chrome extension lets you connect your Coinbase Wallet to a web browser so that you can play on a computer instead of your phone.

If you want to start playing, you'll need to buy at least three Axies from the game's store. All of the Axies, virtual real estate, and other things users sell each other are sold by Sky Mavis. She takes 4.25 percent of each sale. It costs more for "extremely rare" Axies that have good things that make them more valuable.

In the game, Axies can also be "bred." This process costs some of the game's two currencies, Axie Infinity Shards (AXS) and Small Love Potion (SLP).

You can get SLP by beating other players and completing quests.

Axie Infinity has some risks, but what are some of them?

Axie Infinity is a new way to play crypto-based games. Because the prices of AXS and SLP may be linked to the popularity of the game, they could fall if people move to another game or lose interest.

Do you need to play Axie Infinity to buy AXS?

The answer is no. You can buy and sell AXS.