Axie Infinity is a popular blockchain game that was inspired by the massively successful Pokemon game series. It features an open-ended, massively flexible gameplay that allows players to collect different digital pets known as Axies, which can be raised, battled, and traded throughout the ever-expanding Axie ecosystem. As of August 2021, Axie Infinity is currently the number one Ethereum-based gaming DApp by weekly on-chain volume. It is also one of the top three most popular gaming DApps by user counts — with over 100,000 unique weekly users.
The platform is designed to provide a fun, accessible, and educational way to gain exposure to the capabilities of blockchain technology. It has already been successful in executing this vision, as Axie Infinity is now a prominent on-ramp to the blockchain industry in many developing countries.
NFT-based online video games aren’t anything new. They have been around since at least 2017 with the launch of the ever-popular CryptoKitties, and many can be considered moderately successful. However, Axie Infinity is arguably different from anything that has come before it. With a market capitalization of more than $2 billion (as of writing) and projected revenues of more than $1 billion this year, it is safe to say that Axie Infinity has achieved staggering success. Here, we take a look at everything you need to know about what many agree is the most popular blockchain game of 2021.
Axie Infinity is a game you can play on Android telephones, iPhones, and the PC. Its center ongoing interaction draws vigorously from Pokémon: you have a group of 3 animals called Axies with different abilities, which you fight with, against either PC controlled adversaries or other genuine players.
What makes it not the same as conventional games?
Axie Infinity joins non-fungible tokens or NFTs into the recipe. A NFT, basically, is an accreditation that a specific advanced resource is the solitary, unique duplicate.
One illustration of a well known computerized resource that was stamped as a NFT is the “Charlie Bit My Finger” YouTube video, which sold for more than $760,000.
NFTs reproduce shortage in the advanced world, prompting the apparent expansion in worth of a computerized object, which by its inclination could be promptly duplicated by basic duplicate sticking.
The beasts or the Axies in the game are NFTs. This implies an Axie you make through the game’s reproducing mechanics will be, by being printed as a NFT, an extraordinary and unique computerized object.
So my in-game animal is a NFT – so what?
The game makes an economy rotating around these Axies or beast NFTs.
It takes true time and work to raise a beast NFT.