Axie Infinity
Blockchain game with play-to-earn model and NFT axolotl pets.
Last updated
Players collect and mint non-fungible tokens (NFTs) representing axolotl-inspired digital pets called Axies, which can be bred and battled.[1] Sky Mavis, a Vietnamese studio, created the blockchain game Axie Infinity, which features an economy built on Ethereum-based cryptocurrencies.[2]
Making and release
Nguyen had previously spent money on CryptoKitties and then started developing his own blockchain game, mixing aspects of CryptoKitties with gameplay from Pokémon or Neopets.[3] The first battle system for Axie Infinity was made available by the development team in October 2018.[4] Sky Mavis introduced the Ronin wallet in February 2021, which accelerates transactions and removes costly gas fees for players, and also enables access to Axie Infinity and other dApps on the Ronin sidechain.[5] When players trade Axies on the Sky Mavis marketplace, the company takes a 4.25% fee.[1]
What the cited sources add
A Vice Motherboard report describes Axie Infinity as "arguably the industry standard-bearer for play-to-earn games".[6] The same source notes that players can loan their Axies to others unable to afford their own in exchange for a cut of profits, which can run from 20 to 50 percent.[6] A Fortune article states that Axie Infinity's daily active users swelled from 30,000 in April 2021 to more than 1 million in August 2021.[7] The Fortune article also reports that Axie Infinity generated just $21 million in revenue from its 2018 inception through July 1, 2021, then brought in $485 million afterward.[7]
A Kotaku article describes the arrangement of managers and scholars as "digital colonialism".[8]
References
- Wikipedia, "Axie Infinity" (CC BY-SA 4.0), which cites: "What does Axie Infinity's meteoric rise tell us about the play-to-earn game industry?", KrASIA, 10 August 2021; Delic, "Profiling the Potential Risks and Benefits of Emerging "Play to Earn" Games: a Qualitative Analysis of Players' Experiences with Axie Infinity", International Journal of Mental Health and Addiction, 2022; "What does Axie Infinity's meteoric rise tell us about the play-to-earn game industry?", KrASIA, 10 August 2021; Takahashi, "Sky Mavis raises $7.5 million for NFT-based Axie Infinity game with backers like Mark Cuban", en.wikipedia.org
- Wikipedia, "Axie Infinity" (CC BY-SA 4.0), which cites: Huong Le, "Meet the Vietnamese developer behind blockchain game Axie Infinity", Tech in Asia, 21 February 2020; Kruppa, "Crypto's hottest game is facing an economic maelstrom", Financial Times, 26 November 2021; Gonzales, "What is 'Axie Infinity' and how is it different from traditional video games?", Rappler, 23 August 2021; Gach, "Crypto Gaming 'Landlords' Upset They Can't Keep Exploiting All The Players Quitting", Kotaku, 16 April 2022 (we also read that source) en.wikipedia.org
- Wikipedia, "Axie Infinity" (CC BY-SA 4.0), which cites: "Team – Axie Infinity", Axie Infinity, 9 December 2021; Brustein, "A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster", Bloomberg, 10 June 2022; Brustein, "A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster", Bloomberg, 10 June 2022; "This Vietnamese developer is behind one of the world's most popular blockchain games: Profiles in Tech", KrASIA, 20 February 2020 (original not read by us) en.wikipedia.org
- Wikipedia, "Axie Infinity" (CC BY-SA 4.0), which cites: "Roadmap and completed milestones – Axie Infinity", Axie Infinity (original not read by us) en.wikipedia.org
- Wikipedia, "Axie Infinity" (CC BY-SA 4.0), which cites: "Ronin Wallet Your Digital Passport – What is it and How Does it Work", cryptogames3d, 13 September 2021; Nguyen, "Share of Axie Infinity players, by major country of origin in 2022", Statista, 14 June 2022 (original not read by us) en.wikipedia.org
- Ongweso Jr., "The Metaverse Has Bosses Too. Meet the 'Managers' of Axie Infinity", Vice Motherboard, 4 April 2022. facts only, no text reused. vice.com
- Servando, "The jobless turn to crypto video game for financial relief", Fortune, 25 August 2021. facts only, no text reused. fortune.com
- Gach, "Crypto Gaming 'Landlords' Upset They Can't Keep Exploiting All The Players Quitting", Kotaku, 16 April 2022. facts only, no text reused. kotaku.com
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Axie Infinity (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
More in Monster-taming games
Sources
Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.
- Wikipedia: Axie Infinity (CC BY-SA 4.0).
Spotted an error? Know more?
Reader corrections go straight into our review queue. Suggest an edit · How this site is sourced