What Is Axie Infinity?

Axie Infinity (ticker AXS) is a blockchain-based game in which players collect, breed, raise, and battle fantasy creatures called Axies. Each Axie is a non-fungible token (NFT) that the player truly owns and can trade. Axie Infinity is the project that popularized the "play-to-earn" model, in which players earn tradable crypto tokens through gameplay rather than just spending money on a game.

The game was created by Sky Mavis, a studio founded in Vietnam and led by CEO Trung Nguyen, with co-founders including Aleksander Larsen and Jeffrey "Jihoz" Zirlin. Axie Infinity launched in 2018 and reached enormous popularity in 2021, especially in countries like the Philippines, where players earned meaningful income during the pandemic. At its peak it had millions of active players and generated some of the highest revenue of any crypto application.

Axie Infinity uses two main tokens. AXS, short for Axie Infinity Shards, is the governance and staking token; holders can stake AXS to earn rewards and to participate in decisions about the game's ecosystem and treasury. SLP, short for Smooth Love Potion, is an in-game token earned through play and spent, alongside AXS, to breed new Axies. AXS has a capped maximum supply of 270 million tokens, released on a multi-year schedule.

To handle the game's huge transaction volume cheaply, Sky Mavis built Ronin, an Ethereum-linked network optimized for gaming. Ronin lets players trade Axies and tokens with near-instant, very low-cost transactions, which was essential when Ethereum mainnet fees were too high for frequent in-game actions. Ronin has since grown into a broader gaming network hosting other titles beyond Axie Infinity.

In March 2022, the Ronin network suffered one of the largest crypto hacks ever, when attackers later attributed to the North Korea-linked Lazarus Group drained over 600 million dollars from the Ronin bridge. Sky Mavis reimbursed affected users, rebuilt the bridge with stronger security and more validators, and Ronin has operated steadily since, rebuilding trust over the following years.

Sky Mavis has worked to evolve Axie Infinity beyond the original play-to-earn loop, which proved hard to sustain economically, toward a model that emphasizes fun gameplay first. This includes reforms to the SLP economy, new game modes, and the development of Atia's Legacy, a more traditional massively multiplayer game set in the Axie universe.

Getting Started With Axie Infinity

Getting started with Axie Infinity means setting up a wallet on Ronin and acquiring an Axie team or the AXS token:

  1. Step 1: Set up the Ronin Wallet, the dedicated wallet for the Ronin network that hosts Axie Infinity.
  2. Step 2: Fund it by bridging assets to Ronin or buying AXS and acquiring Axies in the marketplace.
  3. Step 3: Download Axie Infinity, assemble a team of Axies, and start playing.
  4. Step 4: To take part in governance and earn rewards, stake AXS on the official staking dashboard.

How to Get an Axie Infinity Wallet?

Axie Infinity runs on the Ronin network, so the Ronin Wallet is the primary way to hold AXS, SLP, and your Axies.

Ronin Wallet

Ronin Wallet is the official wallet for the Ronin network, available as a browser extension and mobile app. It is required to play Axie Infinity, hold Axies, and manage AXS and SLP.

MetaMask

MetaMask can be connected to the Ronin network and is useful if you hold AXS as an Ethereum-bridged asset or want to interact with Ronin alongside other EVM chains.

Hardware Wallets

A Ledger device can be paired with a compatible wallet to keep your private keys offline, which is recommended for valuable Axies and larger AXS holdings.

Axie Infinity Resources

How to Buy Axie Infinity?

AXS can be bought on both centralized and decentralized exchanges.

Centralized Exchanges

AXS is widely listed on exchanges including Binance, Coinbase, Kraken, Bybit, and Gate, typically traded against USD or USDT.

Decentralized Exchanges

AXS can be traded on the Ronin network's decentralized exchange (Katana) and, as a bridged token, on Ethereum DEXes such as Uniswap. You can move AXS between Ethereum and Ronin using the official Ronin bridge.

Latest Axie Infinity News

Sky Mavis has continued to broaden the Axie and Ronin ecosystems. Ronin opened up to third-party games and has grown into a general gaming network, while Sky Mavis announced Atia's Legacy, a more conventional MMO set in the Axie universe, as part of a push toward gameplay-first experiences rather than pure play-to-earn. The team has also reformed the SLP token economy to make it more sustainable.

AXS remains the governance and staking token at the center of this ecosystem. Because player counts, game economics, and tokenomics change over time, the official website, whitepaper, and Axie Infinity's X account are the best sources for the current state of the game.