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Axie Infinity is an online game developed and owned by Sky Mavis, a blockchain development company specializing in creating games with player-owned economies.
The game features many of the card-based components we have come to love in Pokemon, with the key difference being that it integrates the concept of NFTs such that players have complete ownership over and can monetize their in-game assets.
Prior to the launch of the free-to-play version, players were required to purchase three Axies to begin the game from the in-house marketplace. This is where existing players could sell their leveled-up Axies to others and try and make a profit. One Axie – a triple mystic-trait Axie called “Angel” – sold for 300 ETH in late 2020. At today’s prices that equates to more than $930,000.
Axies are NFT-based monsters with unique traits and fighting capabilities. Players must choose their starter Axies carefully if they’re to stand the best chance of beating others.
Players pit their monsters against each other for the chance of winning coins that can be exchanged for other cryptocurrencies and, ultimately, fiat currencies.
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