🦈Axie Infinity

As the most successful P2E game in Crypto, Axie Infinity and its economic model is what we've studied to build MetaGo. Here's a surface-level description of how it works.

Overview

Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets. All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe. While still in early access, Axie is ranked as the #1 Ethereum game by daily, weekly, and monthly active users. It has generated over 13,000 ETH in revenue (16M+ USD) so far. While Axie is a fun game, it's also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.

P2E: A revolution

The key difference between Axie and a traditional game is that Blockchain economic design is used to reward our players for their contributions to the ecosystem. This new model of gaming has been dubbed "play to earn". Axie has attracted thousands of players from developing countries in the pursuit of a new income stream during the Covid pandemic. Many of these players are fathers, aunts, and even grandparents who have never used Blockchain technology before! Players can earn by: - Competing in PVP battles to win leaderboard prizes. - Breeding Axies and selling them on the marketplace. - Collecting and speculating on rare Axies such as Mystics and Origins. - Farming for the love potions that are needed to breed Axies. These can be sold on exchanges such as Uniswap and Binance. - Starting in 2021 players can earn a governance token, AXS, which represents a real slice of the game universe as it has governance rights and fee sharing built into it. Since players can earn this token by playing, a Ready Player one type quest emerges where players can actually earn part of the universe. However, these quests are not winner takes all and rewards each player based on their effort and skill.