The crypto industry is evolving, meeting new interesting and promising projects and their coins, among which the concept of p2e games is gaining traction. Axie Infinity is a blockchain game project that has become incredibly popular among players, and its Axie infinity coin price was recorded once at $165.37. In this article, we will tell you about this platform and some history of the AXS cryptocurrency price changes.
What is Axie Infinity?
Taking the famous Pokémon and Tamagotchi games as an example, the developers created the Axie Infinity play-to-earn game. That means, while playing the game and making progress, players receive real tokens that can be converted to other crypto assets or fiat and withdrawn. The play-to-earn concept created a buzz when it first appeared. When people massively lost their jobs during the pandemic, many switched to play-to-earn games and Axie Infinity in particular.
Axie tokens are NTFs in the form of small cute creatures. Every creature is unique. Participants can gather them, collect, make battles, breed them, and place them in the marketplace. Besides, players may exchange NFTs for other in-game objects. The more players create and breed NFTs, the more the platform expands, thus, the higher the price of one token.
As of mid-November 2022, the AXS cryptocurrency is traded at $7.23. During the last 12 months, the asset has lived through a price decline from $140 in November 2021 to today’s level.
Where Can I Buy Crypto?
The AXS coin is traded on all popular exchanges:
- Coinbase
- WhiteBIT crypto exchange
- Huobi Global
- Kraken.
You can buy these coins on any listed platforms and start playing the game, earning more tokens and rewards. The play-to-earn concept is at its early development stage, so Axie Infinity will likely expand its player base and reach new heights in the future.