Once the player has three Axies, they can download the application and start playing. There is a lot of nuance around the cost of an Axie since the average price fluctuates based on factors such as rarity, experience, attributes, and type. At the time of writing, the least expensive Axies...
Axie Infinity. This is a Play-To-Earn NFT concept game generalized in the blockchain. Players complete gaming tasks to breed charming NFT animals called Axies. NBA Top Shot. This is an NFT project where basketball fans can collect “NBA moments.” An NBA Moment is a package of NBA highli...
What is an NFT? You might recognize NFT as an acronym for “non-fungible token,” but understanding it involves more than just a bit of crypto trivia. Let’s break it down, starting with the “token” part. Tokens vs. cryptocurrencies ...
What is an Avatar? An avatar is explained as a personalized graphical illustration, character, or alter ego that represents a computer user. An avatar can be represented either in three-dimensional form, for example, in games or virtual worlds, or in two-dimensional form as a profile picture...
AXS is an ERC-20 utility token that is rewarded to the players who show an excellent performance throughout the 19 seasons of the game. The users can also swap their SLP tokens for AXS or they can sell their axies for AXS tokens in the Axie Infinity Marketplace. The AXS holders ca...
Restakingis an emerging concept that could significantly enhance the security and scalability of a cross-chain world. Originally associated with Ethereum’sproof-of-stake (PoS)ecosystem, restaking allows users to use their staked assets to secure multiple protocols or chains simultaneously, effective...
This is where things can get confusing, because some of them are called “coins” for the sake of convenience. But technically they’re “tokens.” What is a token? A token is a cryptocurrency or crypto asset that runs on another cryptocurrency’s blockchain. An example of a cryptocurrency...
What this means is that a stablecoin pegged to, say, the U.S. dollar on a one-to-one basis should always be equal to $1. That’s the goal, at least. Key Points Stablecoins play an important role in the crypto economy, namely to facilitate transactions and purchases. Some stablecoins...
Instead of “play-to-earn,” where the value of those earnings varies wildly based on market conditions, it’s time to shift our thinking toward “play-and-earn.” Play-to-earn games like Axie Infinity and other blockchain offerings prioritize earning over playing. Basically, the goal is th...
The owner of the sire earns the breeding fee each time it is used in an auction. Siring becomes especially profitable if the male cat possesses rareCattributes or low-generation genes, as players are willing to pay more for these qualities to increase the value of their offspring. ...