Within the Axie Infinity universe, players can battle with their Axies either in Adventure Mode (player vs. Axie Infinity runs on the Ethereum sidechain Ronin, which allows for nearly instant transactions and low fees.
Each Axie is represented as an NFT on a blockchain and can be stored in the owner’s wallet. Due to the game’s success and the large number of players entering the universe, prices for Axies can be relatively high, posing an entry barrier for new players. To play the game and battle, players need a team of at least 3 Axies.Īxies can either be purchased on the official marketplace or get transferred from another player. There are countless unique Axies with varying body parts, appearances, and stats that players can collect and level up. Players can breed virtual pets, called Axies, which they can use to battle other players. Only decisions like the token supply will not be up for debate as they are already iron-clad in smart contracts.Īxie Infinity works similar to Pokémon and has card-game elements. At the latest in 2023, AXS holders will have a major say in the development of the game and the community treasury. Estimates are that Sky Mavis will no longer have a majority vote by October 2023.Ĭurrently, AXS holders can participate in governance by staking their tokens and voting on proposals brought forward by Sky Mavis. Currently, only about 25% of the AXS tokens are in circulation, with the remaining 75% being released over the next 4 years.
The distribution schedule ensures that Sky Mavis’ ownership is becoming less concentrated over time. This process occurs as AXS is distributed among players and stakers. Through their token, AXS, Axie Infinity will gradually evolve into a community-owned Decentralized Autonomous Organization. But in the spirit of blockchain philosophy, Sky Mavis has laid out a road map that will transform Axie Infinity into a Decentralized Autonomous Organization (DAO). As of today, the majority of Axie Infinity is still owned by Sky Mavis and its investors.
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