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Axie Infinity

Collect different types of NFTs – Land, Axie and Items. Earn through battling your Axies in the PVP arena.

  • Ronin
AXS
Price $21.26
Market Cap $1,294,644,807
Fully Diluted Market Cap $5,739,097,778
Volume(24h) 279,468,016
24h % Change 5.37
Circulating Supply 60,907,500.00 AXS
Max Supply 270,000,000
Total Supply 270,000,000


What is Axie Infinity?

Created by the Vietnam-based company and game developer, Sky Mavis, the Axie Infinity game offers a play-to-earn business model for gamers, where they can battle other players, go through adventure mode, and immerse themselves in the gaming world all while earning money.

Play-to-earn games have spiked in popularity with the growth of crypto gaming, and Axie Infinity is comfortably on top of that world. With Axie Infinity, Sky Mavis raised the bar for all crypto games as it has slowly grown into one of the most popular NFT games that you can play today.

A Game That Runs on the Blockchain and Powered by NFTs

The game Axie Infinity runs on the Ethereum blockchain. This blockchain was made for smart contracts and decentralized apps, and Axie Infinity is proof that the blockchain can run a game and offer a way for players to earn money while playing.

The game offers familiar yet unique gameplay wherein you use your creatures called Axies to battle with other players and computers. What sets this apart from other games is the vast player base and Axie Infinity ecosystem that has helped players fill up their crypto wallet while playing a game.
To start playing the game, you need at least three Axies or characters. These three Axies form a team, which is what you use to battle other players with their own teams.

You can play either in adventure mode against the computer or in arena mode against other players, where you are rewarded with a smooth love potion or SLP. SLP is the main currency in the Axie Infinity business model and can be traded for other crypto coins through a decentralized exchange or even for fiat currency.

Each of the Axies in the game is NFTs or non-fungible tokens. That means that the Axies are completely unique and can be sold on a decentralized exchange or NFT marketplace.

Players can also breed different Axies using another currency called Axie Infinity Shards (AXS), which you can also earn by playing the game.

The Currencies of Axie Infinity

The play-to-earn model of the Axie Infinity game is based on players playing the game and getting rewarded with different currencies.

The game runs with two main currencies: SLP and AXS. Each of these tokens has its own uses within the blockchain game. The tokens can also be traded for real money through different exchanges, giving players a way to earn income while playing games.

Here are the two main currencies you’ll end up using when playing Axie Infinity;

Smooth Love Potion (SLP)

SLP is the game’s main currency. You earn these tokens by battling or completing your daily quests. Axie gaming features a couple of different game modes.
You can finish the daily quests, go through the adventure mode, or battle it out against other players in the arena. Axie Infinity is a very popular game, mostly because players can earn SLP when playing.
For most Axie Infinity Players, SLP is the most important token in the game.

Axie Infinity Shards (AXS)

The other main currency in the Axie Infinity game is Axie Infinity Shards or AXS.
When you earn AXS, Axie Infinity allows you to use the currency for breeding or even as a cryptocurrency on a decentralized exchange. Axie Infinity features the largest marketplace among other crypto projects, which makes AXS tokens incredibly important.

You can earn AXS tokens by playing a wide variety of different games within the Axie Infinity universe, which is one of the main goals of the game developer, Sky Mavis.

Axie Infinity: A Quick History

Axie Infinity was early to the play to earn the game. In fact, the Sky Mavis game is considered one of the first of its kind, as it found an efficient way to allow players to become token holders of tokens with actual value.

And here’s how Axie Infinity began.

Axie Infinity saw fairly quick growth, but players who were early to the game were able to reap the biggest benefits. In fact, in just three rounds of fundraising, the game was able to raise over $9 million in venture capital.

Sky Mavis built Axie Infinity to run on the Ethereum blockchain. So, all transactions within the game are actually reflected on the Ethereum blockchain, which works especially well with decentralized apps such as Axie Infinity.

Sky Mavis originally developed Axie Infinity to educate people on blockchain technology. The blockchain game alliance between Axie and Ethereum is cemented into the game’s foundations. It ran on the play-to-earn model, which quickly grew in popularity, especially find developing nations like the Philippines, Venezuela, and India.

The game skyrocketed in popularity because it offered economic opportunities that weren’t regularly available before. When the game developer Sky Mavis originally launched Axie Infinity, it had a market cap of just over $8 million.

However, not too long after, in November of 2021, Axie Infinity had a market cap of over $9 billion. That is huge growth, but it’s not surprising considering the fact all the opportunities the game offered developing nations.

And nowadays, Axie Infinity is considered the biggest NFT battling game out there. People from developing countries especially have benefited from the play-to-earn business model and the financial incentives that come with joining and expanding the community.

While Axie Infinity only exists in the virtual world, it has helped an incredible number of people in the real world.

How to Start Playing Axie Infinity

If you’ve read any of the recent Axie Infinity news, you probably know that the game is still growing up to this day. Most Axies on the marketplace are very new, and AXS holders are constantly using their AXS Axi Infinity tokens to breed new Axies to get more people into the game.

While the game is supposed to be “free to play,” the reality is very different. To start playing the game, you need to buy new or partially owned Axies to create your team. In Axie Infinity, you need a minimum of three Axies to create a team.
Depending on the current performance of SLP, AXS, Axie Infinity, and cryptocurrency in general, the rates per Axie may vary. The cryptocurrency market can be very volatile, so prices may change regularly, which is why it’s always emphasized that players invest at their own risk.

There are many ways to find teams. There are some players who advertise teams and Axie Infinity monsters for sale on their favorite social network, while there are other people who market their services on different forums and message boards. Once you find someone selling a competent team, you can buy the Axies and start playing.

In the beginning, the progress will be a bit slow. This is because it takes a while to fully level up your Axies to a point where they will have an easier time beating opponents with weak statistics. The starting process is similar to just about all battling games out there, where players need to grind significantly before the game actually becomes easy.

Earning On Axie Infinity

As mentioned earlier, you get certain rewards for battling different players and accomplishing the daily quests on Axie Infinity. However, the amount you can earn depends on a lot of things, such as the market cap, total circulating supply of coins, total trading volume, and a bunch of other factors.

Remember, the SLP and AXS you earn on Axie are cryptocurrencies, which are notoriously volatile. Axie Infinity tokens can vary greatly in price. For example, when Sky Mavis originally launched Axie Infinity, the Axie Infinity coin price (SLP) was $0.091 per for each of the tokens you have. However, less than a year later in May of 2021, the Axie Infinity Coin price was at $0.36 per token.

So, depending on the price of the coin, total supply, and other factors that affect the crypto world, you can earn different amounts when playing Axie Infinity. This volatility is something you need to understand when getting into the game, which is why it’s highly recommended to listen to professional financial advice before investing in Axie Infinity.

Again, Sky Mavis highly stressed the importance of the play-to-earn model on Axie Infinity. That means to earn AXS tokens and SLIP on Axie Infinity, you have to put in the time and play. On top of that, the Axie Infinity gameplay requires a fair amount of strategy.

For each win against another player, you get a certain amount of SLP, depending on your rank. You can also earn SLP by finishing the daily quests religiously.

Play-to-Earn Wherever you Are

One of the premier features of Axie Infinity is that it’s available on multiple platforms. Once you have a team, you can head to the different app stores to download it and play the game on your phone wherever you are. However, if you prefer gaming with a more robust setup, you can also install the game on your computer or laptop.

Cost of an Axie Infinity Team

One of the major reasons many people can’t play Axie Infinity even if they want to is the initial cost of investment. Buying an Axie Infinity team is a personal investment, so you won’t be able to find that many people to give you venture capital. Instead, players usually have to save up their own money to play the Sky Mavis game.

Each Axie Infinity NFT costs a different price. Depending on the stats, type, and breed of the Axie Infinity NFT, you can pay a different price. For example, Axies with weak stats can go as cheap as 0.035 ETH, but they can also cost as much as 300ETH, which is a whole lot of money. The reason for this is that stronger Axies can give you a higher chance of winning.

On top of that, players need to invest in at least three Axies to start playing the game. While the potential rewards of investing in Axie Infinity can be huge, especially if you follow the right financial advice, it can still be hard for regular gamers to afford the initial investment and find venture capital.

However, there is a different way you can play the Sky Mavis game and start earning AXS tokens, SLP, and even start breeding and selling Axies to other players without having to spend.

Play Axie Infinity Through Balthazar

At Balthazar, we believe that everyone deserves the opportunity to tap into the Sky Mavis game and start earning significant money. This is possible through the Balthazar scholarship program, which is available to anyone, regardless of your location.

Through our Axie Infinity scholarship program, we can give you a team to start playing the game and start earning SLP and AXS. Axie Infinity offers hours of fun and engaging gameplay while also giving players a way to earn money. So, in exchange for the team, all we ask is for a percentage of the earnings.

Currently, we are currently sponsoring over 1,500 scholars and have over 5,000 people on our waiting list. While we are breeding these teams and giving them to people at our own risk, we truly believe in the potential of AXS, Axie infinity, and other crypto games in general.

If you’re interested in trying out Axie Infinity for yourself without spending money upfront, you can apply on our website today. Once you apply, our team reviews your application, and when you’re approved, you’re automatically on the waiting list. And once there’s an available Axie team for you, we’ll give you the details, and you can start playing!

Stay Up to Date By Following Our Socials

Since we are dedicated to creating a gaming community where people from all around the world can become Axie token holders and play other crypto games, our socials are alive and constantly growing.

Join our Discord server and follow us on your favourite social media pages to learn more.

FAQs

What is Axie Infinity?

Axie Infinity is a crypto game developed by Sky Mavis. The game on the Ethereum blockchain, which was designed for smart contracts and decentralized apps such as Axie Infinity. In the game, players can battle other teams, go through the daily quests, and breed Axies, all while earning different tokens that can be traded or used for different purchases. The game offers a couple of different tokens that players can hold and trade, which are all earned through playing the game.

How Does Axie Infinity Work?

Sky Mavis and the development of Axie Infinity were heavily inspired by Pokemon. So, the gameplay is very similar in which your team of Axies battles is another team. Strategies are very important in Axie Infinity, as you need to play the right moves in a certain sequence to successfully beat your opponent. Whenever you win in the game, you are awarded tokens, usually in the form of SLP. From there, you can trade the tokens or store them to wait for the value of the coin to go up.

What Is An Axie Infinity Guild?

An Axie Infinity guild is a team of different gaming experts who are versed in Axie, among other games, who use teamwork to maximize their profits while gaming. Axie Infinity guilds are made of two general divisions, a managing partner division and the scholar division. Managers are the ones who make the initial investment to buy the team, while scholars are the people who are actually gaming and earning coins. Managers and scholars usually handle and play multiple accounts to maximize the amount of AXS and SLP you can earn. Players and guilds who have AXS holders also breed different Axies to sell them to other players.

How Much Does Axie Infinity Cost to Play?

Depending on the time you buy your Axies and the type of Axies you buy, it will cost you anywhere between $350 and $2000 to start playing Axie. While the game is supposed to be free to play, you need to buy a team to be able to start. Axies with lower stats are generally cheaper, while those with higher stats are more expensive since they have a higher chance of beating the competition.