What is Axie Infinity?
Axie Infinity Shards (AXS) are ERC-20 tokens used for Governance, Staking, and Payment within the Axie Infinity game universe.
Each Axie is a completely unique non-fungible token (NFT) with different attributes and strengths that can be bred together to produce new offspring for battling, collecting or trading on the Axie marketplace. Over 750,000 Axies have been sold and traded within a single month.
Play to earn
Axie distinguishes itself from other Blockchain games - apart from being the #1 Ethereum game by daily, weekly, and monthly active users - in its design, rewarding players for contributions to the ecosystem.
Axie Infinity has developed their own scaling solution - the titular Ronin - designed as an Ethereum sidechain to reduce network congestion. Ronin Validators currently include the likes of Animoca Brands, Sparq, and even Ubisoft and Binance.
AXS token holders will soon be able to stake their tokens to receive regular rewards. In contrast to other stakable assets, AXS holders will also need to vote and play to lay claim to their rewards.