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Axie Infinity

Launched by Vietnamese studio Sky Mavis in March 2018, Axie Infinity had a mission to create an ecosystem of gaming experiences integrated into the community and for player-owned economies to run the ecosystem. They wanted to create a digital nation of Axies owned globally to play, earn and live.

Axie Infinity is a trading and battling game universe Lunacia (think Pokémon) partially owned and operated by the players on the NFT blockchain. It allows players to collect, breed, raise, battle, and trade creatures known as ‘Axies’, that are the NFTs, on their own marketplace. The key focus and utility for gamers is to play well for the chance to earn tokens or breed monster NFTs, which they can sell and earn real money from.

To enter the game, you need to buy 3 Axies on the in-built marketplace of the game. These can be bought using ETH. Upon entering the game universe, there are two cryptocurrency tokens used – AXS: Axie infinity shards, and SLP: Small Love Portion. AXS tokens can be bought on currency exchanges such as Coinbase and these can also be traded. Additionally, these tokens serve as ERC-20 governance tokens that allow players to determine the future of the game such as breeding the Axies. While the SLP is gained primarily through playing the game: spending time on it, fighting and winning against other Axies, or completing in-game quests.

To maintain the long-term utility of the game, the introduction of new experiences such as Axie Land, Mini-games, Battle updates, the release of new types of Axies, and improved onboarding through free Starter Axies. On top of the player-to-player economic activities, they also provide an additional platform for increasing capital through advertising & sponsorships, Physical/digital merchandise, and offline events. They also keep their players updated with the development, shares, and revenues of this game through their newsletter – Whitepaper, and also share games guides for the new players.
For future development, they plan to completely evolve this into a community-owned Decentralized Organization. For this, they plan to implement Lunacia SDK –where players can create games & other experiences through the assets earned while playing the game. This would be a sort of mini-game within the main game, and each of these creations would save as an NFT so they can be traded between players. Also, any future governance of the ecosystem will be done through the AXS tokens, through staking them and getting revenue/rewards between the game, the players, and the community treasury.