When it comes to cryptocurrencies, there’s always a lot of talk surrounding the likes of Bitcoin and Ethereum. However, many newer and smaller cryptocurrencies have come up as well, and have provided platforms to millennials to earn incredibly high returns. One of the best examples of this is the cryptocurrency that goes by the name of Axie Infinity. The digital gaming token was launched back in November 2020 and its gains have been mammoth – a whopping 25,000% in a 9-month period.
While the cryptocurrency industry was shaken up by the downturn in May 2021, there were some exceptions that made it through without sustaining much damage. Axie Infinity happens to be one of them. The volatility of the crypto market seems to have had little or no effect on Axie Infinity, which has soared on 75 occasions so far in 2021.
According to the co-founder and CEO of Giottus, a crypto exchange, Axie Infinity (AXS) is not just a cryptocurrency for gamers – it’s something much more than that. That’s why Axie Infinity survived the crypto crash of May 2021 and continues to be an attractive proposition, particularly for people living in growing economies such as Indonesia and the Philippines.
Axie Infinity is an Ethereum-based token that allows gamers to earn in-game tokens in multiple ways. The same tokens can be used across a variety of games, which enhances its appeal to gamers. In the past, many experts in the gaming and tech world have suggested that in-game money earned and spent by gamers can only be spent within one game, which is an issue. However, Axie Infinity changes that for good and you’ll be sure to hear a lot more about this cryptocurrency in the days to come.