Axie Infinity IPO: Should You Invest?

Axie Infinity is a blockchain-based Play to Earn game in which players breed, raise, and battle monsters that are called Axies.

Developed by Sky Mavis

P2E: reward players for time spent and value added

Every Axie is distinct, unique
- Breedable: 2 axis brought together
- Costs to breed
- Traits good for battle, not good for other games
- Class: look, bonuses for battle
- Stage: There are 2 stages for Axies, eggs and adults. Adults are battle-ready Axies. eggs are just eggs.
- Breed Count: This tells how many times an Axie have bred. All Axies can breed a maximum of 7 times
- Mystic: have some of the rarest traits an Axie can have. The higher number of mystic parts within an Axie, the rarer it becomes.
- Pureness:

Axie Infinity makes money by charging a 4.25 percent fee for transactions taking place in its own marketplace.
Players either engage in battles against other players or computer-controlled teams.

Purchase or earn crypto (SLP, in-game currency). The items that a player collects are non-fungible tokens (NFTs), which are linked to the characters and land plots a player can own. (These are called SLPs or Smooth Love Potions)

Axies can then be traded on the platform’s very own marketplace by exchanging in Ether, the currency behind the Ethereum blockchain.

Axie Infinity itself runs on the Ethereum blockchain, which is supported by Ronin (Virtual Wallet), its own sidechain. The sidechain allows it to minimize trading fees while speeding transaction speed.

0:00 Introduction
01:04 The Axie Infinity
13:17 Numbies
17:28 Comps Section
18:05 Meme Factor
20:39 Bull vs Bear