Lastly, you can use your AXS to make all sorts of payments on the Axie Infinity virtual world. Moreover, you can stake your AXS to help with liquidity and get rewarded for it. So, you can use AXS for governing purposes in the Axie Infinity NFT game. The use cases for AXS include governance, staking, and payment. The Axie Infinity ecosystem is made up of two native tokens: AXS and SLP. As of right now, Ronin is not a decentralized blockchain, meaning that Sky Mavis has control over it. This sidechain was created by the creators of Axie Infinity for the sole purpose of hosting their game. Nguyen was the co-founder of a multi-million dollar company when he was just 19 years old Larson is a competitive Dota 2 player and has founded numerous gaming communities in Norway last but not least, Zirlin has a history degree from one of the Ivy League Universities – Yale.Īxie Infinity was built on top of the Ethereum blockchain, however, earlier this year, they announced that they have migrated to an Ethereum-Compatible sidechain known as Ronin. All three of these have solid backgrounds, and when they are combined, they form the perfect team for building a game like Axie Infinity. Furthermore, we will touch upon their native token, Axie Infinity Shards (AXS), and present our price prediction for it.įirst off, Axie Infinity was created in early 2018 by Sky Mavis, a video game developer company that was founded by Trung Nguyen, Alexander Larson, and Jeffrey Zirlin. This DApp introduced an innovative concept which allows you to generate crypto assets such as NFTs while playing on their platform. In today’s article, we will talk about one of the biggest, if not the biggest, DApp out there – and that is Axie Infinity. To better portray the size of this industry, we must note that there are numerous DApps worth billions and most of them have been around for only 1-2 years. Some DApps have created their own ecosystem using native cryptocurrencies, some have created a metaverse using NFTs, while some have done both. There are thousands of DApps out there, but only some of them are worth a try. Another major part of the growth that DeFi is experiencing is its Decentralized Application (DApp) sector. By July 2021, the Ethereum ecosystem alone had more than 3 million users – and this was before Non-Fungible Tokens (NFTs) got mainstream attention. The Decentralized Finance (DeFi) ecosystem has been growing rapidly this year, with Ethereum and Cardano announcing new innovations.
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