We present a complete guide to understanding Axie Infinity (AXS) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Axie Infinity (AXS) Cryptocurrency
Axie Infinity is an Ethereum based blockchain game that allows players to breed, raise, and battle fantasy creatures called Axies.
In Axie Infinity, players can collect and trade Axies using non-fungible tokens (NFTs), which are unique digital assets that represent ownership of a specific Axie. Each Axie has its own set of attributes and abilities, and players can breed Axies to create new, genetically unique offspring.
Players can also use their Axies to participate in battles against other players. The outcome of these battles is determined by the attributes and abilities of the Axies, as well as the strategies and tactics used by the players.
In addition to breeding and battling Axies, players can also explore a virtual world called Lunacia, where they can complete quests, discover hidden treasures, and interact with other players.
Blockchain Gameplay
Axie Infinity aims to provide an immersive and engaging gaming experience while also leveraging the benefits of blockchain technology, such as decentralized ownership and the ability to trade and monetize digital assets.
Key Points of Axie Infinity
- Blockchain Based Video game
- Built on the Ethereum Network
- An NFT-based DeFi Marketplace & Ecosystem
- Notably hacked for$620 Million in 2021
See Axie Infinity Official Website
See Axie Infinity Official Whitepaper
Axie Infinity (AXS) Price Chart
Axie Infinity (AXS) Historical Price Chart
History of Axie Infinity
Axie Infinity was created by a team of game developers and blockchain enthusiasts at Sky Mavis, a game studio based in Ho Chi Minh City, Vietnam. The game was launched in 2018 and has since gained a large and dedicated community of players.
The team at Sky Mavis has continued to update and expand the game since its launch, adding new features and content to keep players engaged and provide new challenges and opportunities for growth.
Axie Infinity Hack of 2021
Axie Infinity’s blockchain, named Ronin Network, was hacked and drained of $620 Million by North Korean Hacker group Lazarus. They campaigned a spear-phishing attack in which they had provided a fake job offer to a Senior Axie Developer.
Upon opening the PDF for the job offer, the Senior Developer had unintentionally downloaded a virus that allowed hackers to infiltrate the administrative level of their blockchain. Immediately after, Axie Infinity offered various Bug bounties to fix vulnerabilities and even recover stolen funds.
Axie Infinity FAQ
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