Grow in the uptrend, survive in the downtrend. Although there are many gamefi play-to-earn released, still no gamefi can beat Axie Infinity both revenue as well as the number of players involved. So what is so attractive about AXS that attracts a large number of users as well as the FOMO. In this report, let’s analyze the operating model and how AXS connects with users. From there evaluate whether AXS can continue to stand in this gamefi market.
When it comes to play-to-earn, Axie Infinity will be the first name mentioned, Axie Infinity’s revenue was sometimes up to millions of dollars per day. Highest price ever reached $166 it x16600 compared to the launchpad binance price: $0.01. At axie Infinity, you can enjoy monster-battling game where you pit teams of cute monsters called Axies against each other in battles. The game runs on the Ethereum blockchain with the help of Ronin, a sidechain that helps minimize fees and transaction delays. It’s focused on turn-based battles, either against computer-controlled Axie teams or live opponents over the Internet. And Axie Infinity developed by a Vietnamese team.
Axie Infinity is a game universe filled with fascinating creatures, Axies, that players can collect as pets, taking inspiration from games like “Final Fantasy Tactics” and “Idle Heroes”. Players aim to battle, breed, collect, raise, and build kingdoms for their axies. The universe has a player-owned economy where players can truly own, buy, sell, and trade resources they earn in the game through skilled gameplay and contributions to the ecosystem.
Some of the main functions in the game:
Battling: Each player must have their own Axies (pets) to join a battle. They can choose from 2 game modes::
Axes can be bred like real-world pets to create new offspring. To avoid hyperinflation of axes, there is a maximum of seven times an axie can be bred before it is sterile. Breeding an axe costs AXS and some Smooth Love Potions depending on how many times the axe has been bred. The AXS portion is variable and subject to adjustment based on various economic factors.
Lunacia, the Axie homeland, is divided into tokenized plots of land which act as homes and bases of operation for their Axies. Plots can be upgraded over time using a variety of resources and crafting ingredients that can be found when playing the game. Currently, you can stake land. In addition, land-owners might find AXS tokens on their land plots, or use the axes that occupy the land plot to explore resource nodes on the map. When interacting with resource nodes, Axies can find AXS and potentially other resources.
Resource Gathering and Crafting
Marketplace: Decentralized market, where players can trade their valuable items (Axie, land,..) created from the games.
Axie Infinity has all the basic and necessary pieces of a play-to-earn game. Players can play games for fun, to earn money, can trade in-game items. And ecosystem is created for players.
Axie population growth is a major factor within the Axie ecosystem. Too slow, and Axie prices are too high for everyday people to join; exceptionally competitive Axies. Too fast, and you get unhealthy inflation. AXS / SLP tokens face similar economic forces that need to be managed.
Long-term the economy will be sustained by adding:
In the beginning to maximize growth, by design, Axie economy will be dependent on new entrants. New players require Axies to get started and it is important to ensure there are enough Axies being bred to make obtaining them accessible.
Although many Axie players have earned significant returns on their efforts and purchases, many have also played just for the fun and social community. They are excited to devise unique Axie battle strategies to climb the leaderboard or just hang out with new friends in the community. They value these experiences more than any potential earnings. These players make the economy stronger in the long run and Sky Mavis strives to help more players gain this value in the long-term.
With the above information hopefully you will have a more useful overview of Axie Infinity. In the next part we will go to analyze the Business Modle game. See the flow money in the ecosystem.
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Alan
Coincu Ventures
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