Yes, Axie Infinity is built on Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Axie Infinity is a game about collecting and raising fantasy creatures called Axies. It’s like digital Tamagotchi meets Pokemon meets CryptoKitties.
The game is currently in closed Beta but is already receiving a lot of attention from the blockchain community.
NOTE: This is a warning note to inform readers that Axie Infinity is built on Ethereum. Ethereum is a blockchain-based platform, and as such, it carries certain risks. Before participating in the Axie Infinity game or any other Ethereum-based platform, it is important to understand the risks associated with blockchain technology.
It is important to note that Ethereum transactions and interactions are irreversible, and there is no guarantee of success when using the Ethereum network. Additionally, you should be aware that there are potential security risks associated with using a blockchain-based platform such as Axie Infinity. It is important to do your own research and ensure that you fully understand how the technology works before getting involved.
The game was built by Sky Mavis, a studio based in Vietnam. The team behind Axie Infinity has a strong background in game development and has worked on mobile games that have been downloaded millions of times.
The game uses Ethereum’s ERC-721 token standard, which is also used by CryptoKitties. This means that each Axie is a unique, non-fungible token (NFT) with its own characteristics and attributes.
Players can buy, sell, or trade Axies on the open market using Ethereum’s decentralized exchange, EtherDelta. The prices of Axies vary depending on their rarity and attributes, but some have sold for over $1000 worth of ETH.
So far, the response to Axie Infinity has been overwhelmingly positive and the team is hard at work on adding new features and content to the game. With its captivating gameplay and cutting-edge technology, Axie Infinity is poised to become one of the most popular games on the Ethereum blockchain.
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