It is inspired by popular games like Pokemon Go or Tamagotchi. The main objective is to collect, raise and evolve virtual creatures called Axis.
Axie have a scale of rarity: common, rare, ultra rare and legendary. Each player can modify their own Axi in different ways and can breed two different Axis.
Each Axie is essentially a non-fungible token (NFT), a unique collectible item in digital form that can be bought or sold on exchanges outside of the game itself.
One Axie was recently sold for 300 ETH, which is a record.
Axie Infinity introduced the so-called ”play-to-earn” model, which means players can profit from playing video games.
The Axie Infinity game has two native tokens, the Axie Infinity Shards (AXS) and the Smooth Love Potion (SLP).
They can be used to purchase in-game add-ons, and can also be used as a means of staking and a means of voting for changes within the game (if you are a holder).