How much is Axie Infinity (AXS) worth?

One example is the Ethereum Axie Infinity blockchain-based gaming ecosystem Axie Infinity, and its AXS token. At the time of writing, the token is trading at $148.45, with a supply of 60,907,500 AXS. As recently as a week ago, its value was hovering around $140. Let's take a closer look at AXS and examine what has led to these unprecedented costs.

How does Axie Infinity shard work?

Axie Infinity Shard doesn’t differ from Axie Infinity, since the incentive is a part of the game and offers a way other than NFT creation for the players to earn rewards. Players can make AXS through “user-generated content initiatives” and by playing games in Axie Infinity.

Are axies fungible in Axie Infinity?

Every Axie — the in-game digital pets in the Axie Infinity game — are NFTs with unique characteristics and build. Since no two Axies are the same, they are non-fungible. According to Axie Infinity’s website, players can build Axie teams and conquer enemies. Depending on their genetic makeup, each Axie has unique strengths and weaknesses.

What is $AXS (AXS)?

$AXS is the ERC-20 governance token on Axie Infinity. It has a total token supply of 270,000,000 and is distributed as follows. 15% for the AXS private and public sales, which took place at the end of 2020. The initial token supply of $AXS was 59,985,000 (22.22%). During the debut, it was sold on Binance Launchpad for 0.10 USD.