![]() In March 2022, hackers compromised the Ronin Network, stealing approximately US$620 million worth of cryptocurrency from the project. The game's secondary token, SLP, crashed in February 2022 amid a wider NFT and cryptocurrency crash, losing over 99% of its peak value. The game's official Cryptocurrency is "Axie Infinity Shards/Token" or AXS for short. Īxie Infinity is built on the Ronin Network, an Ethereum-linked sidechain developed by Sky Mavis. In September 2021, most Axie Infinity players were from the Philippines. ![]() Sky Mavis charges a 4.25% fee to players when they trade Axies on its marketplace. ![]() These creatures can be bred and battled with each other within the game. Players of Axie Infinity collect and mint NFTs which represent axolotl-inspired digital pets known as Axies. It has been called 'a pyramid scheme that relies on cheap labor from countries like the Philippines to fuel its growth.' Axie Infinity is a non-fungible token-based online video game developed by Vietnamese studio Sky Mavis, known for its in-game economy which uses Ethereum-based cryptocurrencies.
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