Axie Infinity is a good example of combining DeFi with NFT. Developed on Ethereum and running on Ronin's Ethereum side chain, the game is a decentralized turn-based strategy game where players breed, fight, and trade NFT fantasy creatures called Axies.

Work and play become one, empowering players and providing them with economic opportunities. Combine Pokemon gameplay with CryptoKitties NFT ownership and breeding gameplay.

The launch of The Ethereum Cat game attracted great interest, causing congestion on the Ethereum network and high gas charges. But the gameplay is too simple and not rich enough.

The launch of Axie Infinity's Ethereum side-chain Ronin, which reduces the cost of user usage by several orders of magnitude by shifting the primary operation from Ethereum to the app chain; Faster response speed; And Ronin's wallet integrates with a payment gateway, significantly lowering the barrier to entry. Significantly reduce Gas costs. Also, Gas fees can be retained by the community and used for things like tournaments and bounties, as opposed to payments to Ethereum miners. Simplifies the process of new user boot through a custom wallet solution. A block browser for transparency and data accessibility. Axie Infinity has become a digital pet community integrating collection, training, raising, fighting and social play, thus solving the problem of simple and not rich enough play.

AXS is AN Axie Infinity system ERC-20 token, which is Staking, governance, and payment usage scenarios. AXS holders can also earn AXS tokens by playing games and participating in key governance votes. Both player vs. Machine (PVE) and player vs. Player (PVP) will be rewarded with small Love portion (SLP token). SLPS acquired by players in the game are mainly used to breed a new generation of Axie NFT or to extract and sell them directly

The game ecosystem of Axie Infinity is relatively complex. It is based on NFT with different rarity and utility generated by genetic algorithm. Each Axie is an ERC20 token with unique characteristics that affect its rarity and utility in the game. Axie Infinity Ecology has two practical tokens: In-game currency (LPT) and governance Token (AXS). SLP is the fuel for Axie Infinity's internal economy, used to breed new Axies that can be earned through play, combat, and note that SLP is an unlimited practical token. AXS is Axie Ecology's ERC20 governance token, and its maximum supply is limited to 27 million.

With blockchain, Axis operates a new kind of game: play-to-earn. Unlike traditional "free-to-pay" games, where developers sell items to players to earn money, or Roblox models, where other developers can make money by publishing games, Axie Infinity is player-to-player. Play-to-earn is a new model that "rewards players for the time and effort they spend playing games and growing the gaming ecosystem." Axis has a real currency economy that is 100% player-owned. Instead of selling game items or copies, game developers focus on developing economies between players and charging a small fee to make money. Axies are created by players using in-game resources (SLP & AXS tokens) and selling them to new players/other players. Holders of AXS tokens are like governments that receive tax revenue. Game resources and items are tokenized, which means these tokens can be sold to anyone in an open P2P market.

The NFT of Axie's primary market and secondary market mainly uses ETH as the transaction currency, and AXS tokens may only be used as backup tokens in market transactions, rather than the main transaction currency. Therefore, the token function of AXS is mainly used for liquidity mining drainage and treatment, and the release amount is large in recent years. Liquidity mining can consolidate existing players, but the diversion is based on high profitability. In other words, liquidity mining is not an advantage of the game itself, and the users brought by drainage can be lost at any time.

For years, crypto games were not accessible to a mass audience, and the niche nature of the experience was thought to be reserved for a very small number of early adopters. In theory, applying The values and ethos of Web3 -- taking power and wealth from platforms that "extract user value" and redistributing it to the people who actually participate in those ecosystems -- makes a lot of sense for the games industry. Scalability problems in practice, however, block chain has brought some challenges, after all, as a new technology, block chain speed and cost issues, it seems, are still unable to meet the development of the game application, not to mention the high volatility of encryption cycle, so in a long time in the past, it is difficult for us to build a let more people to participate in the game of decentralization. What's remarkable about the Sky Mavis team (the company behind Axie Infinity) is their ability to build fun, engaging consumer experiences, while also having the ability to scale the infrastructure in ways that support extraordinary growth. Axie Infinity, the product of the team's painstaking efforts, has experienced phenomenal growth this year, and like many people building cryptocurrencies, even during a time when this new thing is deeply unpopular, The Sky Mavis team remains committed to the vision of bringing economic freedom to people around the world in a way that is fun, accessible and empowering for ordinary people. They also realized that in order to introduce blockchain games to millions of people, they needed to develop more usable technology solutions to support large-scale growth, so the Sky Mavis team successfully developed Ronin side chains. Traditionally, the crypto industry has tended to favor users who know a little about the technology, and participating in the experience can be "very scary" if you're not familiar with the space. Compared To other blockchain services and products, Axie Infinity introduces a new experience that allows anyone To turn time into money through Play To Earn (P2E) (" Play To Earn "), This mechanism allows game players to convert their skills and time into tokenized in-game item revenue and distribution rights. Axie Infinity is a digital pet-world and player-owned economy that includes breeding games, combat games, and tribal conflict-style land-based games. The consistent, unifying thread of the game is its NFT character, Axie, which can be used not only in the game, but also traded on the secondary market. Players earn SLP tokens by winning battles in the Axie Infinity game, and they use a combination of SLP and AXS governance tokens to breed new Axies NFT. Thanks to the perseverance, hard work, innovation and unwavering commitment of the Sky Mavis team, Axie Infinity is now one of the fastest growing games in the world. It's no exaggeration To say that Sky Mavis and Axie Infinity have pushed the Play To Earn (P2E) model of gaming into the mainstream, and in the process, games -- the traditional industry category -- have been completely redefined. Axie's growth story shows the power of the P2E gaming revolution that has resonated with many people around the world, beyond the native environment of cryptocurrencies. To put it bluntly, Axie has grown into the largest NFT gaming ecosystem, with over 1.8 million daily active players worldwide, and $33 million daily transactions at Axie Infinity, with over $2 billion in transactions. These numbers are all the more impressive given that Axie is not yet available in the Apple App Store or Google App Store. In the Web2 era of the Internet, game economics didn't flow to gamers, despite the time spent building their characters, acquiring assets, creating the game world -- but at the end of the day, there was nothing to be gained except that you felt like you had a good time. Axie Infinity solves this problem by not only allowing users to play their favorite games and have fun, but also participating in the community and earning money. "Make money while you play" is a powerful idea: meaning that games are no longer just entertainment, but a way to make money, Axie Infinity is transforming gaming communities around the world, potentially replacing traditional forms of employment, and changing lives as gamers help each other. Axie Infinity fully embodies the potential of a new generation of games. Game creators don't have to worry about being suppressed by monopolies. As an open and free market economy, they develop games that allow players to enter and exit freely. As blockchain games become more successful and popular, the new model of "earn while you play" allows gamers to truly own every aspect of the game and benefit from their contributions. As Axie Infinity has proven -- giving players freedom and ownership in their gaming experience can lead to huge loyalty, which has huge implications for the future of the gaming industry as a whole and opens up the imagination of the Internet as we know it.