What cryptocurrencies does Axie infinity have?

It features two native cryptocurrencies: Axie Infinity Shards (AXS), which can be bought and sold on exchanges like Coinbase, and Small Love Potion (SLP), which is awarded to players for spending time in the game. Who created Axie Infinity? Vietnamese developer Sky Mavis launched Axie Infinity in 2018.

What are Axie Infinity tokens?

In the Axie Infinity ecosystem, the game characters are called Axies. They are non-fungible tokens (NFT) you own and control. You can store them in your crypto wallet, transfer them to other Ethereum addresses, or trade with other players using a blockchain-based marketplace.

What are CryptoKitties & NFTS?

Cryptokitties not only took crypto games to new heights, but also NFTs. It is one of the pioneering blockchain games. The concept is quite similar to Axie Infinity, as it allows users to breed and collect virtual pets. The game has often been cited as a cause of network congestion on the Ethereum blockchain.

Is Axie a 'get-rich-quick' platform?

But the Axie frenzy has also bred criticism that the platform is propped up by new money drawn to a get-rich-quick premise. Vanessa Cao, founder of venture-capital firm BTX Capital, said the Axie model is "fundamentally unhealthy and unsustainable." "Players need to spend hundreds of dollars upfront just to play," she said.