Axie Infinity Price (AXS)

Axie Infinity is a blockchain-based online multiplayer game developed by Sky Mavis. It combines elements of gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs) on the Ethereum blockchain.

AXS (Axie Infinity Shards) is the utility and governance token of the Axie Infinity game. Holders of AXS have certain privileges, such as voting on governance proposals and participating in key decisions related to the development of the game. Additionally, players can stake AXS in the game to earn additional staking rewards.

Axie Infinity gained significant popularity due to its play-to-earn model, which allows players to generate income by breeding Axies and actively playing the game. Axie Infinity even holds the world record for the most NFT volume of all time.

Many players, particularly in countries with lower average incomes, have been able to earn a living or supplement their income by playing Axie Infinity and trading Axies and in-game currency for items.

The battling game has gained a dedicated community, complete with a secondary Axie marketplace and a competitive Esports scene. Its success has sparked interest in the broader concept of play-to-earn gaming and has brought attention to the potential of blockchain technology in the gaming industry.

Axie Infinity price history

2020

AXS was first launched in November 2020 at a price of $0.11. The Axie Infinity price remained relatively stable for the first few months, but it began to increase in value in April 2021. This was due to a number of factors, including the growing popularity of Axie Infinity, the release of new features in the game, and the increasing demand for NFTs in general.

Further, since the Axie marketplace was already up and running in 2018, the game had a head start to amass confidence from the community.

2021

The price of the AXS coin continued to rise in 2021, reaching an all-time high of $165.37 on November 6, almost one year to the day from its initial release. This was a massive increase from its price from November 2020, and it made Axie Infinity one of the most valuable cryptocurrencies on the market.

2022

The AXS price declined in 2022. This was due to a number of factors, including the overall decline in the greater cryptocurrency market cap, as well as other global economic factors.

2023

After climbing from $6 to $12.47 in January, the AXS price declined steadily over the next few months. The Axie Infinity price reached a low of $4.77 before hovering back around $5 for most of the year.

How does Axie Infinity work? 

In Axie Infinity, players collect, breed, raise, battle, and trade virtual creatures called Axies. Each Axie is an NFT, representing a unique and tradable digital asset with its own characteristics, skills, and appearance.

Players can earn in-game rewards and cryptocurrency by participating in battles, completing quests, and winning tournaments. These rewards include a cryptocurrency called Smooth Love Potion (SLP), which can be used to breed new pets called Axies, as well as the game's native cryptocurrency, Axie Infinity Shards (AXS).

Here are some of the key features of Axie Infinity:

• Collectible NFTs: Axies are unique, non-fungible collectibles.

• Breeding: Players can breed Axies to create new and unique creatures.

• Battles: Players can battle other players to earn rewards.

• Quests: Players can complete quests to earn rewards.

• Governance: AXS holders can participate in governance and help shape the future of the game.

Staking: AXS holders can stake AXS tokens to earn rewards.

Who are the founders of Axie Infinity?

The core team of Axie Infinity consists of:

• Trung Nguyen (CEO)

• Aleksander Larsen (COO)

• Jeffrey Zirlin (Game Director)

• Tu Doan (Art Director)

• Andy Ho (CTO)

Trung Nguyen is a Vietnamese-American entrepreneur who founded Sky Mavis, the company that developed Axie Infinity. He is a graduate of the University of California, Berkeley, and he has worked in the technology industry for over 10 years.

Aleksander Larsen is a Danish-Vietnamese entrepreneur who is the COO of Sky Mavis.

Jeffrey Zirlin is an American entrepreneur who is the Game Director of Axie Infinity.

Tu Doan is a Vietnamese artist who is the Art Director of the Axie Infinity team.

Andy Ho is a Vietnamese engineer who is the CTO of Sky Mavis.

What is Axie Infinity used for?

Here are some of the things that Axie Infinity can be used for:

• Gaming: Axie Infinity is a fun and engaging game that can be enjoyed by players of all ages.

• Earning cryptocurrency: Players can earn SLP tokens by playing the game, which can then be traded for other cryptocurrencies or used to purchase in-game items.

• Community involvement: Axie Infinity has a large and active community of players who are passionate about the game.

Axie Infinity has become popular in developing countries, where it has been used as a way for users to earn income. In the Philippines, for example, some players have been able to earn enough money from playing Axie Infinity to support their families.

What makes Axie Infinity unique?

Axie Infinity popularized the concept of play-to-earn gaming, allowing players to generate income just by playing. This innovative model has attracted a large player base, particularly in countries where traditional job opportunities and income levels may be limited. 

By providing a means for players to earn real-world value through gameplay, the Axie Infinity network has tapped into a new form of economic empowerment within the gaming industry.

The game utilizes blockchain technology and non-fungible tokens (NFTs) to create a decentralized and player-driven ecosystem. 

Each Axie is an NFT, representing a unique digital asset that players truly own and can trade on the open market. The transparency, security, and ownership provided by blockchain technology ensure that players have full control over their assets and can freely participate in the game's economy. 

This integration of blockchain and NFTs has opened up possibilities for new forms of ownership, value creation and exchange, and player-driven economies within the gaming space.

How can I mine or stake Axie Infinity?

Axie Infinity does not involve traditional mining like Bitcoin. However, you can participate in staking within the Axie Infinity ecosystem.

0. Obtain AXS tokens: First you'll need to acquire AXS tokens. MoonPay lets you buy AXS using your credit card or debit card.

1. Choose a staking platform: Axie Infinity has its own staking platform called "Ronin" where you can stake AXS tokens. Visit the Ronin website and set up your Ronin wallet.

2. Transfer AXS to Ronin wallet: Enter your Ronin wallet address when you are checking out on MoonPay, and your AXS tokens will be transferred within a few minutes.

3. Connect wallet and stake: Once your AXS tokens are in your Ronin wallet, connect your wallet to the Ronin staking platform. Follow the on-screen instructions to complete the staking process.

4. Select staking option: Choose the staking option that suits your preference. Axie Infinity typically offers different staking periods with varying rewards and lock-up periods. Select the desired staking duration and confirm the transaction.

5. Stake and earn rewards: After completing the staking process, your AXS tokens will be locked up for the chosen staking period. During this time, you will earn staking rewards based on the duration and amount of AXS you have staked. These rewards can be claimed once the staking period ends.