Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
Governance token for the Axie Infinity game, AXS lets holders (as opposed to developers) shape the game’s direction and help populate its Pokémon-inspired universe of cartoon creatures. AXS is earned and staked along the way.
An Ethereum-run ERC-20 token, AXS has risen up quickly just like the Axie project with which it is connected. Axie can be considered a non-fungible token (NFT) sales machine. Its play-to-earn model exploded in popularity during the summer of 2021, garnering one million daily users and generating more than $2 billion worth of NFT transaction volume.
Entry into this digital domain does not cheap, as Decrypt has noted. "An NFT acts like a deed of ownership to a digital item, or, in this case, an interactive creature, or a chunk of customizable terrain." To play, you need three NFTs each costing at least $150 worth of ETH, "a sizable upfront investment that hasn’t deterred the project’s exponential growth of late," Decrypt said.
Building a hearty platoon of Axies and conquering all comers requires an even larger investment; and players can create their own kingdoms, build empires, looping in allies, raising the potential to earn that much more.
This NFT-based video game was developed three years ago by Vietnamese game developer Sky Mavis. In May of 2021, the startup raised $7.5 million from a group of backers that included entrepreneur/Dallas Mavericks owner Mark Cuban and Blocktower, one of the first crypto hedge funds.
How to buy AXS (AXIE)
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
Get more coin for your coin
0% deposit fees 0% withdrawal fees