Tags in this story
axie infinity, Axie Infinity player, axies, blockchain game, ERC20, ether, Ethereum, Ethereum Game, game, metamask, nft, NFTs, Non-fungible Token, PVP battle, Sky Mavis, SLP, Smooth Love Potion, Tokens
Although the value of most digital currency markets is falling, a token called axie infinity, a native token associated with the blockchain-based trading and battle game of the same name, has reached a new price high and jumped to 21.55 USD. In recent days, the Axie Infinity platform has been in strong demand, and other tokens in the game economy such as “love potions” have also seen huge buying pressure.
Last week, Bitcoin.com News reported on the booming Axie Infinity economy as the value of the project’s non-fungible token (NFT) assets and its native tokens soared. The project is basically an Ethereum-based game, and it also provides a digital market and governance protocol.
The token axie infinity (AXS) is used for governance and other operations in the game. The game involves battles between token-based creatures called “Axies”, where players can collect items, nurture creatures, and train them like Pokemon or Hearthstone game characters.
On Tuesday morning (EDT), axie infinity (AXS) hit a record high at $21.55. In recent weeks, the token has been rampant in the market, surpassing tokens such as BTC and ETH in terms of percentage returns. Seven-day statistics show that the exchange rate of AXS against the US dollar has risen by 86.72% and has risen by 410.11% in the past 30 days.
Coingecko statistics and nomics.com data show that the market value of AXS is about 1.3 billion U.S. dollars, and the 24-hour trading volume on Tuesday was 1.2 billion U.S. dollars. At 0.00062 BTC per AXS, axie unlimited tokens rose 18.11% against Bitcoin (BTC) on Tuesday. Among the thousands of existing cryptocurrencies, Coingecko showed that AXS ranked 74th on July 13.
Recent attention is not only focused on AXS, because other tokens of the Axie Infinity economy have also seen demand. A specific token called Smoothing Love Potion (SLP) is one of the Axie Infinity tokens that sees buying pressure. Axie Infinity players can get SLP as a reward when fighting in the adventure mode of the game.
SLP also hit an all-time high (ATH) on Tuesday morning, reaching $0.39 per unit on Binance. In addition to earning and collecting SLP and AXS, the tokens of the Axie Infinity economy can also be bought and sold on exchanges such as Uniswap, Binance, Bkex, Digifinex and Huobi.
The Axie Infinity universe is developed by a game studio called Sky Mavis created in 2018. The game adopts the structure of playing games to make money. Players can collect rare Axies and breed them by using SLP. Axie Infinity players gain more resources by participating in PVP battles in the adventure mode of the game.
Players need to download the game, Ronin Wallet and Ronin Bridge to get started, and use web3 ETH wallet Metamask to connect to the game. In addition to all these steps, users must also sell at least three Axies on the Axie Marketplace to start the game.
NFT Games will change the rules of the game, understand? get it? ? ?
Similar games #AxieInfinity Bring finance into the game and gamify finance.
The boundaries of gamified Ponzi schemes will also become blurred, but 🤷♂️
— Holger🌈 (@rohmeo_de) July 9, 2021
Recently, blockchain-based games have become very popular, especially with the emergence of NFTs. By playing the money-making structure, people can earn money in the Axie Infinity economy, but they still need to pay some Ether to start.
for this reason, some people Axie Infinity has begun to be regarded as a fringe Ponzi scheme. “Is it me or [does] Axie Infinity feels like a Ponzi scheme/pyramid scheme? ” A person Say On Twitter on Tuesday.Twitter is Full of comments Say the same thing from other people.
What do you think of the Axie Infinity blockchain game world and the value expansion of the related tokens of the project? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Axie Infinity, nomics.com data, Twitter,
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.