Unknown Speaker 0:01
Welcome to the New To Crypto podcast designed to guide you through the crypto landscape with pinpoint accuracy created for the new and intermediate crypto investor. Join your host Crypto Travels Michael as he takes you through the different facets of getting started and succeeding in your crypto journey. New to crypto podcast brings you new episodes daily Monday through Friday with surprise bonus episodes sometimes on the weekend. Let me ask you, are you new to crypto don’t know where to start? Are you more experienced but have questions? Then you’re in the right place. This podcast is designed for you, coming at you from the training center in the lifestyle design studio. Here’s your host Crypto Travels Michael.
Unknown Speaker 0:51
Hey, welcome to today’s show. I’ll tell you, the industry is exploding, and this episode is all about Axie Infinity and crypto gaming. This is the first one in the crypto gaming series that I’m going to be doing. And I’ll tell you crypto gaming is exploding. So if you have a background in gaming, if you have a background in crypto or if you’re just curious, you’re definitely going to want to hold on your seat belt and buckle up. Because let’s jump into it.
Unknown Speaker 1:20
So what is Axie infinity? Well, it’s a Pokemon inspired game where anyone can earn tokens through skill, gameplay, and contributions to the ecosystem. So players can battle collect, raise and build land based kingdoms for their pets. All art assets and Axie genetic data can be easily accessed by third parties allowing community developers to build their own tools and experiences in the Axie Infinity universe. So why it’s still in its early access in its earlier phase right now, Axie is ranked number one in Ethereum game by daily, weekly and monthly active users it has generated about $2 billion so far. And while Axie is a fun game, it also takes on characteristics of social network, and almost like a jobs platform with a very strong community and a play to earn opportunities. So the key difference between Axie and traditional games is that blockchain economic design is used to reward the players for their contributions to the ecosystem.
Unknown Speaker 2:35
So this new model of gaming has been dubbed play to earn, if you will, Axie has attracted 1000s of players from all kinds of countries around the world. And many of these players are grandparents, aunts, fathers, mothers, children, and who have never experienced blockchain technology before. So it’s an exciting time in crypto. And let’s break down and unpack some of the benefits and features. So in the gameplay with Axie infinity, it’s structured as an open ended digital pet universe. The Axie core team built functionality for the game assets associated with the Axie brand, in concurrence with the community. So the Axie universe is fun above everything else. And you can also have an immense gaming experience. And they have an entire ecosystem that you can bring value from the network. There’s battling, there’s a battling system, which was structured as an idle battle system with inspiration from games like Final Fantasy Tactics, and idle heroes.
Unknown Speaker 3:41
So the Axie team started development on real time battle card system, basically around March of 2019. And they release an alpha in December of 2019. And by October of 2020, the application had amassed over 15,000 downloads, and 7000 weekly active users. So now they have tournaments in eSports. There’s breeding like real world pets Axies can be bred to create new offspring to avoid hyperinflation of Axies, there is a maximum amount of time and actually can be bred before it is sterile. So they’ve really put a lot of thought into it. There’s also land there’s Lunacia, the Axie homeland, and it’s divided into tokenized plots of land, which acts as homes and bases of operations. For their Axies, plots can be upgraded over time using a variety of resources, crafting ingredients that can be found when the game is played. In addition, land owners might find the AXS tokens on their land plots, and those can be used at later times. Lunacia consists of over 90,000 plots of land and these plots of land are represented as NFT are non-fungible tokens and can be freely traded by players.
Unknown Speaker 5:04
They also have Lunacia SDK, and it’s mainly a map editor, where players can use Axie infinity art assets to create games and other experiences. Once a game has been created, it is saved as an NFT and can be traded, these NFT’s can be placed on land, and players will be able to click on them to enter the game inside. So as you can tell, it’s really an exciting in depth process that they have created. There’s also scholarship that actually community has grown in response to the game success, and as a result, the Axie infinity scholarship was established. And this is a program in which people who don’t have the time or skill to play the game can delegate the duty to what they call scholars, it’s essentially the same way as forming a business partnership, owners invest the initial capital, while players invest their time in the game. Whatever profits they make from the game are divided according to the predetermined ratio. So who created this project? Well, the founders and team Axie infinity was developed by Skye Mavis, which is a technology focused game studio that was actually founded in early 2018.
Unknown Speaker 6:22
In Vietnam, so its headquarters and team is headquartered in Vietnam. Let’s break down and unpack the token Axie infinity shards, or the AXS token. It’s an ERC 20 governance token for the Axie universe and AXS holders will be able to claim rewards if they stake their tokens, play the game and participate in key governance votes. Players will also be able to earn AXS when they play various games within the Axie infinity universe. So Axie infinity basically gradually evolved into community owned, decentralized organization. And this process occurs as a accesses distributed among players and stakers. With the sky Mavis ownership becoming less concentrated over time. So as time went on, Axie basically moved into the community owned and community more run. And so now actually, infinity will be run using a game as a service model, where new features will be introduced over time, Axie can potentially earn revenue from selling Axies, land, cosmetics, and in game consumables, etc.
Unknown Speaker 7:41
So it’s a really exciting project. And I hope that this has just provided an overview for you today. And this will be the first one in the crypto gaming series, I’ll be having many more of a lot of projects I’ve been getting requests to do shows about. So if you like today’s episode, definitely like and subscribe to the podcast. My team and I are working hard on bringing you valuable resources and content. Definitely jump over to new to crypto.io we’re creating how to guide step by steps videos, a course coming up to help guide you through your crypto journey and understand and navigate the landscape throughout crypto land. So until tomorrow, make it a great day. I’m out.
Unknown Speaker 8:25
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