Axie Infinity, the play-to-earn crypto game in which players collect digital pets known as “Axies,” announced that the Ronin Crypto Network that helps power the game, was the victim of a hack of $625 million.
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More about Axie Infinity
Axie Infinity is a game universe filled with fascinating creatures, Axies, that players can collect as pets. Players aim to battle, breed, collect, raise, and build kingdoms for their Axies. The universe has a player-owned economy where players can truly own, buy, sell, and trade resources they earn in the game through skilled-gameplay and contributions to the ecosystem.
There are and will be many varied games experiences for Axies. Many of them will have players compete with each other using complex strategies and tactics to attain top rankings or be rewarded with coveted resources. Others will have them complete quests, defeat bosses, and unlock in-depth storylines.
There are countless unique Axies that players can collect with varying body parts and appearances. Body parts will unlock abilities for Axies that vary across games, they will have completely different values, benefits, and skills from one game to another. Body parts also have their own unique card art for players to collect.
All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe. While still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. Players have spent over 1M ETH (3B+ USD) so far to progress in the game.
While Axie is a fun game, it’s also taken on characteristics of a social network and earning platform due to the strong community and opportunity to truly own resources earned within the games.
A key difference between Axie and a traditional game is that Blockchain economic design unlocks the ability to have complex player-owned economies and reward players who are able to reach advanced levels of skill. Players are able to have fun and work towards ambitious goals while simultaneously earning potential resources that will have real monetary value due to an open economic system and demand from other players – “Play-and-Earn”.
Currently, players can gain more resources to advance in the game by taking actions such as:
Competing in Battles to win leaderboard prizes as well as Smooth Love Potions (SLP)
Breeding Axies to produce new ones with particular Body Part combinations
Collecting and speculating on rare Axies such as Mystics and Origins
Axie Infinity is structured as an open-ended digital pet universe. Axie NFT assets can be seen as tickets that grant access to all current and future experiences build on top of the Axie IP. In this way, Axies serve as base layer for a world of infinite experiences.
The Axie core team will build functionality for the game assets associated with the Axie brand in concurrence with the community. The Axie universe must be fun above all else; only by having an immersive gaming experience can the ecosystem attract enough participants to accrue value to the network.
In October 2018, the Axie core team released the first battle system built on top of the Axie game assets. The battle system was structured as an “idle battle” system with inspiration from games like “Final Fantasy Tactics” and “Idle Heroes”.
The Axie team started development on the real-time card battle system and application in March 2019 and released an Alpha in December 2019. As of March 2022, there are over 2.5 M Axie holders and over 1.5 M daily active players.
Much like Pokemon has gone through numerous iterations and types of battle systems, we also expect Axie to have many variations of battles over the years to come.
Axie Infinity Shards(AXS) are an ERC-20 governance token for the Axie Universe. AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives.
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Music:
Bossa Antigua by Kevin MacLeod
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#PlayToEarn #AxieInfinity #NFT
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