Should You Invest In Axie Infinity?

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351,315 Axie Infinity positions opened on eToro

Axie Infinity is a “play to earn” online game and virtual world built on the Ethereum blockchain. Axie Infinity Shards (AXS) function as the game’s native token and can be earned by completing tasks within the game, which allows players to collect, breed, battle and trade in-game pets known as Axies. The game was launched in 2018 by Trung Nguyen, who is also the co-founder of the game development company, Sky Mavis. AXS can also be traded as an independent cryptoasset on various exchanges. Axie Infinity is not unique. Other “play to earn” games with unique cryptoassets incorporated into them exist. However, Axie Infinity is one of the largest and fastest growing, with more than 2 million daily users as of October 2021. The company’s Series A funding round raised $7.5mn, with investors such as Mark Cuban and reddit co-founder Alexis Ohan getting in on the game. Track the price of AXS on eToro today.

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