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  • Tokens
  • Axie Infinity (AXS)

    8/29/2025 23:00 UTC

    $2.25

    % Today
    -6.11%

    Price Chart

    24H: -4.62% |
    7D: -9.99% |
    30D: -4.89%
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    Axie Infinity News

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    Frequently Asked Questions

    • Gaming and Play-to-Earn

      Axie Infinity lets players collect, breed, and battle creatures called Axies. Players can earn tokens by playing, which can be used in the game or traded.

      Breeding and NFTs

      Tokens are used to breed new Axies, which are unique digital pets represented as NFTs. Each Axie has different traits and can be traded or used in battles.

      Governance and Staking

      The Axie Infinity Shard (AXS) token allows holders to participate in voting on game decisions and stake tokens to earn rewards.

      In-Game Purchases and Economy

      Tokens can be used to buy in-game items, upgrade Axies, and participate in events or competitions within the Axie Infinity ecosystem.

      Last Updated: 6/1/2025 02:05 UTC
    • Pros

      • Axie Infinity offers a fun play-to-earn game where players can collect, breed, and battle digital pets called Axies.
      • It has a player-owned economy, allowing users to buy, sell, and trade Axies and in-game resources as NFTs.
      • The game uses blockchain technology and smart contracts, providing transparency and true ownership of digital assets.
      • Axie Infinity has a strong community and backing from notable companies like Ubisoft and Samsung.
      • The Ronin sidechain reduces transaction fees compared to Ethereum mainnet, making gameplay smoother.
      • The token (AXS) has shown potential for steady growth and is popular among NFT games.

      Cons

      • The initial cost to start playing can be high because you need to buy Axies to participate.
      • Some players feel the gameplay can be repetitive and that leveling up doesn’t always give a big advantage.
      • Updates have sometimes made older Axies less useful, requiring players to buy new ones.
      • The game’s economy and token price can be volatile, influenced by market trends.
      • Energy consumption related to blockchain technology is a concern for some.
      • Some users report that the game favors players with better cards or connections, making competition uneven.
      Last Updated: 6/1/2025 02:05 UTC
    • Founders of Axie Infinity

      • Nguyen Thanh Trung (also known as Trung Nguyen) is the CEO and one of the main founders.
      • Aleksander Leonard Larsen is a co-founder involved from the early stages.
      • Jeffrey Zirlin (also called Jeff "The Jiho" Zirlin) is another co-founder.
      • Tu Doan and Andy Ho are also listed as co-founders who helped develop the project.

      The team started Axie Infinity in 2017-2018 under the company Sky Mavis.

      Last Updated: 6/1/2025 02:05 UTC
    • Institutional Investors

      Axie Infinity has 22 institutional investors including well-known names like Liberty Global, Samsung NEXT, and CMT Digital.

      Venture Capital Firms

      Major venture capital firms that invested in Axie Infinity's developer, Sky Mavis, include Andreessen Horowitz, Accel, Paradigm, Standard Crypto, and Fabric Ventures.

      Notable Individual Investors

      Billionaire investor Mark Cuban is among the backers, along with other investors like Blocktower Capital, Konvoy Ventures, Libertus, and Collab + Currency.

      Funding Highlights

      Sky Mavis raised $152 million in a Series B funding round with participation from FTX and other crypto-focused investors. Earlier rounds included $7.5 million raised with support from various venture capitalists and individual investors.

      For more details, visit the official project website or funding profiles on platforms like Crunchbase and Tracxn.

      Last Updated: 6/1/2025 02:05 UTC
    • Halal Status of Axie Infinity

      Yes, Axie Infinity is considered halal by most scholars. This is because it is a skill-based game, not a game of chance or gambling. The game’s content and tokens like AXS and SLP do not conflict with Islamic principles. However, some scholars do not encourage it as a primary source of income.

      Reasoning

      • The game requires strategy and effort, not luck.
      • There are no prize fees or gambling elements.
      • The tokens are viewed as halal cryptocurrencies.
      • Playing or earning through scholarships is permissible if it does not involve anything haram.
      Last Updated: 6/1/2025 02:05 UTC

    Description

    #213

    Axie Infinity is a decentralized game platform that features adorable digital pets called Axies. Axies are NFTs that can be owned, customized, and used to play different games and earn rewards on the blockchain.

    Sector: Gaming
    Blockchain: Ronin

    Market Data

    Rank: 213
    Volume: 29M
    Marketcap: 400M
    Fully Diluted Value: 608M
    Circulating Supply: 62%
    3M 73K/97K
    3M 5.9K/15K
    1.1M 281K/117K
    419K 23K/40K
    266K 206K/204K
    248K 69K/123K
    181K 24K/57K
    126K 74K/57K
    120K 6.8K/6.7K
    106K 43K/77K
    75K 58K/92K
    49K 10K/32K
    20K 26K/31K
    6.2K 8.8K/17K
    4K 1.6K/1.6K
    3.5K 17K/31K
    2K 17K/29K
    2K 910/907
    1.1K 315/314
    658 12K/15K
    445 2.6K/6.5K