Axie Infinity Report by Jesse

Another fork and to no one's surprise, this week's Bitcoin Cash split was met with almost no interest from the markets. With everyone watching Bitcoin continue to hold above 16k USD, some altcoins are quietly gaining traction in the background. One of those projects continuing to go up in price since its release is an open-ended digital pet universe called Axie Infinity.

Introduction

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 accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe. Although Axie is still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. Generating over 6,400 ETH in revenue ($2M+ 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. Where the Axie universe goal is to be fun, above all else. Only by having this immersive gaming experience can the ecosystem attract enough participants to add value in the network.

The Axie battle system is a turn-based card game where the goal is to use your 3 Axie to eliminate the enemy team with a minimum deck of 24 cards. Each turn, a player strategically plays cards that maximize their chance of victory. Axie’s stats are dependent on two variables: class and body parts. Each Axie has 6 distinct body parts. The horns, mouth,