Axie Infinity is a highly popular play-to-earn (P2E) game that allows players to earn blockchain-based tokens through gameplay. Axie Infinity Shards, or AXS, are a settlement token used within the Axie Infinity ecosystem to purchase in-game NFT assets. Axie Infinity price is updated live on Binance.
Axie Infinity gameplay focuses on collecting Axies, NFT-based digital pets that can be used to battle other players. Different gameplay elements offer users different tokens — battle gameplay provides players with Smooth Love Potion (SLP) tokens, while tournament gameplay provides players with AXS.
Axie Infinity players can stake AXS within the Axie Infinity ecosystem to earn rewards, participate in decentralized governance, or trade Axie Infinity assets on the Axie NFT marketplace.
AXS is a critical element of the Axie Infinity gameplay loop that can be used to breed new Axies, which can be used in battles to collect both AXS and SLP tokens. Collected tokens are then used to create additional Axies, which can be sold or traded.