What Is Axie Infinity (AXS)?

It’s 2021, and that means you can earn money by playing games and breeding virtual pets. An easy way to think of Axie Infinity is to imagine a blockchain game that combines Pokémon, CryptoKitties, and card game elements. More specifically, Axie Infinity is an NFT game and ecosystem built on the Ethereum blockchain. Its native cryptocurrencies are the ERC-20 tokens Axie Infinity Shard (AXS) and Smooth Love Potion (SLP). AXS is a governance token, and SLP is used for breeding new Axies. AXS is also available as BEP-20 tokens on the Binance Smart Chain (BSC). Each Axie creature has a different class and is made up of various body parts, stats, and other attributes. To play, you’ll need a team of Axies that can be either purchased or provided by another player. You can store your tokens and NFTs in either an Ethereum wallet or Ronin wallet. The Ronin sidechain allows for nearly instant transactions and allows players to transact tokens and Axies without using the Ethereum blockchain, which reduces transaction costs. In the future, you’ll also be able to purchase Land NFTs. Both AXS and SLP are available to purchase on Binance and transferable to your Ronin wallet. You can also use the Ronin Bridge to send tokens from an Ethereum wallet to a Ronin Wallet.