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Cryptocurrencies/Coins/Axie Infinity (AXS)
Axie Infinity price, market cap on Coin360 heatmap

Axie Infinity(AXS)

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$8.9975
(-1.82%)
0.00031867 BTC
Market Cap (Rank#55)
$1,040,156,271
36,839 BTC
Vol 24h
$29,262,344
1,036 BTC
Circulating Supply
115,605,572.61
Max Supply
270,000,000
3 days ago coindesk
Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group
The Lazarus Group was behind the $625 million exploit of Axie Infinity’s Ronin network in March 2022.
3 days ago cryptodaily
ThunderCore and YGG SEA Launch Web3 Gaming Developer Program for Southeast Asia
March 16th, 2023 – Coinscribble / ThunderCore has partnered with Yield Guild Games Southeast Asia (YGG SEA), Southeast Asia's largest blockchain gaming guild, to launch a developer program that will tap into the growing demand for blockchain-based games and virtual worlds. The partnership is a manifesto of our commitments to bridge the South East Asia developer talent into Web3 and attract global Web3 talent into the region. It’s going to be a game-changer in the Web3 world of Southeast Asia. Partnership to boost SEA Web3 gaming development ThunderCore is a blockchain platform that provides a scalable and fast infrastructure for decentralized applications (DApps). YGG SEA, on the other hand, is a gaming guild that has evolved into a community driven ecosystem player, establishing strong grass roots presence, connecting and engaging a deep relationship with their community members in the SEA market. For developers, YGG SEA’s massive reach in the region and ThunderCore’s strong user retention skills offer the perfect tools to enter the SEA market as effectively as possible. The developer program is expected to help YGG SEA open opportunities beyond ‘just playing’ games to its community of gamers & creators within the metaverse; and at the same time, provide go-to-market access for ThunderCore and Blockchain game developers into the region. As YGG SEA continues to grow its user base in Southeast Asia, YGG SEA has partnered with over 80 games and has more than 175 K community members and deployed more than 20,000 scholarships to date. In line with YGG SEA efforts to be the friendly gateway into the metaverse for ANYONE, YGG SEA provides language specific support on its platform. It has a stellar track record of helping games establish market presence in SEA and features some of the biggest success stories in blockchain gaming to date. South East Asia is a key market for global economic growth and will be a key driver for Web3 community growth as pioneered in 2021/2022 by Axie Infinity, the region’s home-grown blockchain game. Thanks to its battle-tested fast and secure infrastructure, ThunderCore is perfectly positioned to support the development of high-performance Dapps required for blockchain gaming. It excels at acquiring and retaining new users, frequently clocking over 100,000 daily active users (DAU) according to DappRadar due to its entertainment-first approach to growing its ecosystem. This proven ecosystem retention mechanism will help developers retain users and build a strong community around their projects in the long term. Future Plans With its mission to create the biggest and most sustainable play-to-own (P2O) virtual economy focused on Southeast Asia, the partnership between ThunderCore and YGG SEA is expected to create a more diverse and vibrant game ecosystem in the region. Roger Hsu, CEO of ThunderCore, had the following to say: "Our YGG SEA partnership is an important step for ThunderCore as we expand our presence in the SEA market to help grow the blockchain gaming industry and create new opportunities for ourselves as well as developers, investors, and gamers in the region.” About ThunderCore ThunderCore is the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse. Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000+ TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent. ThunderCore Token (TT), the chain’s popular native asset, can be stored in the feature-rich TT Wallet, together with other supported ecosystem assets. About YGG SEA YGG SEA is a gaming guild with a strong community presence in SouthEast Asia. The DAO (Decentralised Autonomous Organization) is YGG’s first guild partner (previously called as SubDAO) and its aim is to become the friendly face in onboarding anyone into the metaverse through gaming, education and providing access to yield earning opportunities in the metaverse. We believe blockchain technology is here to disrupt many aspects of lives and the biggest challenge for the entire ecosystem is ease of access. s part of the ecosystem, YGG SEA believes that gamification is the way to onboard the next billion users and that “playing” is everyone’s birthright. T YGG SEA alongside our ecosystem partners like Thundercore and game developers within this program wants to create opportunities for our communities to have a real job and impact within the metaverse. - Irene Umar, Co Founder of YGG SEA. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
7 days ago cryptodaily
Orbeon Protocol (ORBN) Gets Ready To Launch, Neo (NEO) and Axie Infinity (AXS) Holders Remain Optimistic
It's an exciting time for crypto and blockchain enthusiasts as Orbeon Protocol (ORBN) is getting ready to launch after this phase of the presale, following an astounding 987%. But while some cryptos are seeing success, others are holding relatively steady. Neo (NEO) and Axie Infinity (AXS) holders have renewed confidence in their holdings as the duo have remained stable in the face of the bear market. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Neo (NEO) NEO is a blockchain-based platform that enables the development of decentralized applications and smart contracts. The ultimate goal of NEO is to create a &ldquo;smart economy&rdquo; where digital assets, digital identities, and smart contracts are all seamlessly connected via the NEO blockchain. However, China's stance on blockchain, crypto, and related technologies has made the future of NEO uncertain. Once dubbed the "Ethereum of China", the project has had to struggle for survival in recent years. This, coupled with a bear market, has made it difficult for NEO holders to remain optimistic about the future of the platform. Orbeon Protocol (ORBN) may very well be the lifeline NEO holders have been waiting for. With its revolutionary approach to crowdfunding, getting in early could allow NEO holders to turn their fortunes around. Axie Infinity (AXS) Axie Infinity (AXS) is a blockchain-based virtual world where players can breed, collect, and battle with fantasy creatures known as Axies. Axie Infinity (AXS) is one of the most played games in the blockchain industry since the Axie Infinity (AXS) launch in late 2021. However, despite its popularity, Axie Infinity (AXS) may not be the best option for those looking to make long-term investments. The Web3 gaming market is still relatively new and unproven, so there&rsquo;s no telling if Axie Infinity (AXS) will be able to maintain its success. Axie Infinity (AXS) is having a tough time in the market, with prices down 96% from their all-time high of $165.37. It may be a fun game, but it&rsquo;s not yet clear if Axie Infinity (AXS) has what it takes to stay relevant in the long term. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days ago coindesk
Tornado Cash Fork, Privacy Pools, Deployed on Optimism Testnet
Privacy Pools uses zero-knowledge proofs to prove that funds in anonymous transactions are not linked to criminal activity, such as North Korea’s $625 million hack on Axie Infinity.
27 days ago cryptodaily
a16z and DWF Labs lead $13.8m YGG funding round
DWF Labs, the investment arm of cryptocurrency trading platform Digital Wave Finance (DWF), has taken the lead along with Andreessen Horowitz&rsquo;s a16z Crypto fund in a $13.8m token purchase from the treasury of blockchain gaming guild Yield Guild Games (YGG). Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and angel investor David Lee also participated in the round. YGG did not disclose how many tokens it sold but they are estimated to account for at least 35% of the total $25mn asset value held in its treasury as of November 2022. Founded in 2018 by gaming industry veteran Gabby Dizon and fintech entrepreneur Beryl Li, YGG coordinates players of blockchain-based play-to-earn (P2E) games around the world to help each other onboard and earn cryptocurrency-based rewards. YGG also invests in gaming non-fungible tokens (NFTs), such as in-game items and virtual land, that it rents to members to use in their gameplay to generate profits or yield. Dizon co-founded YGG after he started lending his own Axie Infinity NFTs to other players who could not afford to buy their own to enter the game. YGG has since become the biggest in-game asset manager and investor in the popular P2E game. YGG incorporated in Switzerland in 2022 to adopt a flexible, non-profit legal structure as part of its move towards decentralization, providing validity for YGG token holders as members of the association with the power to vote on governance. &ldquo;The token purchase signals the confidence of our partners in YGG&rsquo;s mission of empowering gamers through web3 gaming,&rdquo; said YGG co-founder Gabby Dizon. &ldquo;The purchase will support the progress of the guild&rsquo;s initiatives as it aims to provide the web3 community with valuable products and experiences. YGG will use the funds to develop its soulbound reputation token (SBT), which will become a major part of its ecosystem platform. SBT tokens are linked to a user&rsquo;s crypto wallet permanently. YGG carried out a test launch of the tokens last year as in-game rewards and plans to launch an upgraded version of its web app in March. Creators will receive SBT tokens as rewards for completing certain tasks or quests. &ldquo;We have committed to support YGG as part of our vision towards a blockchain-based economy through web3,&rdquo; said Andrei Grachev, Managing Partner at DWF Labs. As a multi-stage web3 multi-product ecosystem, DWF Labs provides arrange of services including consulting, cybersecurity, smart contract audit process, debt financing, and treasury management. It also provides trading solutions such as token listing, over the counter (OTC) trading, and liquidity support for clients through its partners in different verticals. DWF Labs has supported more than 50 web3 projects and collaborates with top cryptocurrency exchanges such as Binance and ByBit. &ldquo;We believe that blockchain has the potential to transform the gaming industry by enabling players to own their own assets and earn rewards,&rdquo; Grachev added. &ldquo;Through YGG&rsquo;s partnerships with NFT games and ecosystems like Axie Infinity, The Sandbox and League of Kingdoms, the guild is at the forefront of blockchain-based game economies. Our goal is to support YGG and help the guild expand its offerings such as the Guild Advancement Program to connect even more players and provide them with an opportunity to participate in a decentralized gaming ecosystem and get rewarded from their gaming activities.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
28 days ago cryptodaily
Norway Seizes $5.8 Million in Crypto Stolen by North Korea
Norwegian authorities announced they had seized a record $5.8 million worth of cryptocurrencies stolen by North Korean hackers in 2022. Reuters reports the Norwegian police said in a statement on Thursday it seized million worth of crypto stolen by North Korean hackers last year. In March 2020, North Korean hackers stole $625 million from the Ronin Network, a blockchain linked to Axie Infinity &ndash; one of the largest heists on record. The United States linked the Ronin hack to an infamous North Korean hacking group dubbed &ldquo;Lazarus.&rdquo; Norway&rsquo;s senior public prosecutor, Marianne Bender, said in a statement: This is money that can be used to finance the North Korean regime and their nuclear weapons programme. North Korea continues to deny allegations of its involvement in hacking and other cybercrime. 2022 The Worst Year on Record for Crypto Hacks According to blockchain analytics firm Chainalysis, last year was the worst year on record for cryptocurrency heists, with hackers making off with over $3.8 billion. The hacks were led by attackers linked to North Korea. 1/ After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go. So far this month, $718 million has been stolen from #DeFi protocols across 11 different hacks. pic.twitter.com/emz36f6gpK &mdash; Chainalysis (@chainalysis) October 12, 2022 Okokrim, Norway&rsquo;s national economic crime unit, said it seized 60 million Norwegian crown, or $5.84 million, in &ldquo;one of the largest seizures of money ever made in Norway&rdquo; and a record amount for a crypto seizure. Okokrim said it collaborated with the Federal Bureau of Investigation&rsquo;s crypto-tracking specialists to execute the seizure. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days ago zycrypto
Norway Recovers $5.9 Million Out of Axie Infinity Loot From Notorious ‘Lazarus Group’
Norwegian Police, on Thursday, broke history after successfully recovering over NOK 60 million from the hands of Axie Infinity hackers.
31 day ago cryptopotato
Norway Confiscates $6 Million Worth of Crypto Stolen in Axie Infinity Hack
Norway completed its record-high crypto seizure, confiscating approximately $5.9 million worth of digital assets.
31 day ago cointelegraph
Norwegian police recover $5.9M stolen from Axie Infinity Ronin hack
The seized funds will be used to reimburse affected users, and prevent it from funding North Korea's nuclear weapons program.
31 day ago coindesk
Norwegian Authorities Seize $5.9M From Crypto Game Axie Infinity Hack
The National Authority for Investigation and Prosecution of Economic and Environmental Crime – known in Norwegian as Økokrim – said it is the biggest crypto seizure ever made by the country's police.
36 days ago nulltx
PancakeSwap’s (CAKE) Lunar New Year Lottery Ends, Axie Infinity’s (AXS) Numbers Decline While Orbeon Protocol (ORBN) Continues To Rise
Let’s dive into the crypto realm and learn about the buzz related to PancakeSwap (CAKE), Axie Infinity (AXS), and Orbeon Protocol (ORBN), a new decentralized investment platform set for 6000% gains once it hits exchanges. >>BUY ORBEON TOKENS HERE<< PancakeSwap’s (CAKE) Lunar New Year Lottery has concluded On January 24th, PancakeSwap (CAKE) launched a special […]
53 days ago coindesk
Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High
Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat.
54 days ago nulltx
Axie Infinity Price Analysis & Prediction (Jan 25th) – AXS Charts 45% Overnight to Catch The Top-Gainer Spot
Axie Infinity continues to paint a lot of greens and starts the week in a bullish mode after breaking several resistances. The buying momentum looks so strong at the moment as it charges to conquer more highs. After establishing a local bottom at $6, Axie Infinity recovered slightly and began to show signs of strength […]
55 days ago cointelegraph
3 signs Axie Infinity price risks giving up its 135% gains in January
AXS price has formed a "gravestone" doji on its daily chart that coupled with its recent token unlock event hint at a potential bearish reversal ahead.
55 days ago coindesk
First Mover Americas: AXS Gains 40% Ahead of Token Unlock
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
55 days ago cryptopotato
Market Watch: AXS Soars 40% Overnight, Bitcoin Sits Close to $23K
Axie Infinity's native cryptocurrency has skyrocketed by double digits in the past 24 hours.
56 days ago coindesk
Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token Unlock
Some 4.8 million AXS tokens, the equivalent of 1.8% of the cryptocurrency's total supply, will be freed up later Monday.
60 days ago cryptodaily
BlockchainSpace Makes An Exceptional Move for Web3 Community Support with Metasports Acquisition
Manila, Philippines, 19th January, 2023, ChainwireBlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years. BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, is confident that 2023 will be a banner year following the majority acquisition of Intellectual Property (IP) House, Metasports. Peter Ing, Chief Executive Officer and Founder of BSPC, believes the synergistic partnership with Metasports will bring more value to the partner guilds under BSPC&rsquo;s flagship product, Guild Hub, and give Metasports an unbridled springboard to high-impact Web3 communities. &ldquo;BlockchainSpace is looking to scale faster this year. It doesn't matter if it's a bull market or a bear market &ndash; innovation doesn&rsquo;t stop. We&rsquo;ve always been focused on strengthening our resources to support our mission, with a more consolidated approach through Guild Hub,&rdquo; stressed Ing. Launched in late 2022, Guild Hub is BSPC&rsquo;s initiative to help create legitimacy among Web3 communities by delivering an effective way of policing the community and providing a venue to create impactful and valuable partnerships. The Metasports acquisition will be instrumental in fostering further business growth, allowing BSPC to continue supporting the community. &ldquo;Esports and guilds are not going away as they are integral to Web3 gaming,&rdquo; added Ing. &ldquo;Metasports will be essential in serving these guilds." The acquisition of Metasports, with its proven capabilities in the gaming and content creator space, will further expand the opportunities for $GUILD token integration, solidifying BSPC&rsquo;s position as a leader in providing comprehensive and user-friendly solutions for guilds and Web3 projects. Metasports, which launched in December 2021, focuses on Web3 and Web2 gaming IPs across esports, creator networks, and news and media verticals. It has quickly proven its value in the Web3 space through the Lunacian Sports League (LSL), the first professionally organized and longest-running esports league for Axie Infinity, and the establishment of its Creator Business Management with renowned content creator KookooTV as the first partner. While many veer away from high-risk decisions given the market conditions, the two companies view the acquisition as a strategic move based on a thorough understanding of the market, thanks to BSPC&rsquo;s readily available and growing data sets through Guild Hub. Joe Josue, CEO and Co-Founder of Metasports, is confident they can strengthen their commitment to enhance experiences around gaming and will bring value to their stakeholders through this acquisition. &ldquo;We saw an incredible opportunity to grow and invest in more IPs, and that's when we started to seek venture. In BlockchainSpace, we found a partner that would be the backbone which we could build on Web3. By tapping BlockchainSpace&rsquo;s infrastructure, we will finally be able to build technology-backed IPs, which is a powerful next step for us,&rdquo; Josue shared. With BSPC&rsquo;s and Metasports&rsquo; sights set on scalability this year, both companies look forward to bringing in major changes that will not only impact their business development but contribute to the success and longevity of the growing global Web3 community. About BlockchainSpace BlockchainSpace is the one-stop-shop for all guild needs that provides essential, scalable infrastructure, digital tools, financing solutions, and networking opportunities. To date, BSPC enables over 24,000 Guilds and 2 million players to scale in the Metaverse, successfully managing and growing their communities. For more information about the $GUILD token, head over to blockchainspace.asia/guild-token-page About Metasports Metasports is an IP House centered on Web3 gaming and esports across three verticals: Esports Experiences, Creator Networks, and News & Media. ContactMedia Relations OfficerRafael Rex BoteroALPAS [email protected]
61 day ago coindesk
First Mover Asia: Bitcoin Hangs Tough Over $21K for Another Day
ALSO: Sam Reynolds writes about the unlikely rally of metaverse majors, including Axie Infinity and Decentraland, even as they struggle to keep users engaged.
73 days ago cointelegraph
CME Group to launch 3 metaverse reference rates
Axie Infinity, Chiliz and Decentraland will be represented in CME's new reference rates and real-time indices.
77 days ago cryptodaily
More than $3 billion in crypto hacks in 2022 - mostly in DeFi
Crypto suffered its worst ever year for hacks in 2022. Most of these hacks were on DeFi platforms which saw a third of all such activity in the last year. While certain crypto and DeFi platforms have contributed the most disruptive technology to finance and other industrial sectors, platforms have been exploited due to the nascent state of the code that they have deployed. Many would argue that given that crypto is basically a testing ground for what might prove to be the most innovative technology, the scale of which could compare with the internet and the dotcom era that began on top of it. However, 2022 has been a particularly tough year for this technology, and fraudulent activity and hacks have abounded. According to an article on Forbes, more than $3 billion in value was misappropriated. The following are 8 of the biggest hacks: Ronin Network: $625 million - Hackers stole over $625 million worth of ether and USD coin from the Ronin Network, a blockchain for the Axie Infinity video game. The U.S. Treasury Department later linked the heist to North Korean state-backed hacking group Lazarus Group. Wormhole Network: $325 million - On February 2, an unknown hacker exploited a vulnerability in the Wormhole Network, a protocol that allows users to move cryptocurrencies and NFTs between different blockchains. The attacker created 120,000 wETH (worth around $325 million) without putting up the necessary collateral. Jump Crypto, the parent company of Wormhole, later replaced the stolen funds. Nomad: $190 million - A hacker exploited a weakness in Nomad's code to steal approximately $190 million in tokens on August 1. Dozens of copycats joined the heist. Nomad was able to recover over $20 million after pleading with users to return the funds. Beanstalk Farms: $182 million - In April, an attacker drained over $150 million in crypto from Beanstalk Farms, a stablecoin project based on Ethereum. The hacker used a flash loan from the Aave protocol to borrow nearly $1 billion in crypto and gain a 67% voting stake in Beanstalk. With this supermajority, the hacker was able to transfer the Beanstalk tokens to their own wallet. Wintermute: $160 million - The London-based crypto market maker lost $160 million in a September 20 hack. It is believed that hackers used brute-force computing to generate all the possible passwords to a company vanity address. Mango Markets: $112 million - Avraham Eisenberg held $112 million worth of tokens in ransom to force Mango Markets, a decentralised crypto exchange, to finance bad debt. Eisenberg used two accounts on the platform to take large positions in perpetual futures on the dollar-pegged USD coin, causing its price to spike tenfold on other decentralised exchanges. He then used the profit to borrow and withdraw a number of tokens from Mango. BNB Smart Chain XCN2: $110 million - Hackers stole an estimated $110 million from the Binance-affiliated BSC Token Hub on October 6. Binance blamed the hack on a "flash loan exploit" and later recovered the stolen funds. Harmony Horizon Bridge: $100 million - There were concerns about the bridge even before it was hacked for $100 million in various cryptocurrencies in June of 2022, given that the small number of validators for its multi-sig wallet left it vulnerable to attack. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
80 days ago cryptodaily
Encryptus CEO Uses IIT Bombay TechFest to Advocate Crypto Education
INTERNET CITY, DUBAI, 27th December, 2022, Chainwire On December 16-17 2022, the International Blockchain Summit was held at TechFest at the Indian Institute of Technology Bombay (IIT Bombay). Encryptus CEO Shantnoo Saxsena used the platform to encourage crypto users to educate themselves before investing in digital assets. The summit in Mumbai, India, brought together over 10,000 industry leaders, experts, and enthusiasts to exchange ideas about the crypto and blockchain ecosystem. Speakers included Shiv Kumar Bhasin, COO and CTO of the National Stock Exchange; Shantnoo Saxsena, Founder and CEO of Encryptus; and Mru Patel from My Tokenized Capital. These experts shared their thoughts on crypto, the metaverse, and NFTs. During the summit, Encryptus and other attendees discussed pain points in the industry and collaboratively explored solutions to improve the digital asset space and promote crypto adoption. The International Blockchain Summit also focused on emerging trends in different industries such as Defence, Technology, and Machine Learning. Mr. Shiv Kumar spoke about the implementation of a CBDC in India. He highlighted the challenges, government plans, and the future of the E-Rupee. Mr. Patel discussed NFTs and the metaverse and how they can play an active role in driving web3 adoption. Shantnoo Saxsena had a house full of students as he spoke about the basics of cryptocurrency: its adoption, scams, and how to stay safe at all times. He commented: &ldquo;Users must educate themselves before investing their hard-earned money. There are over 20,000 projects out there and not all the projects are legit. Buying cryptos is not tricky, but buying the right cryptos, clean cryptos, with proper storage is more critical.&rdquo; TechFest was attended by the likes of Mahindra, Netradyne, Kebbi, and BrahMos. There were also representatives from LBank, Google, TATA Consultancy Services, Jio Mobile, and Boeing at the two-day event. About Encryptus Encryptus started out as a crypto advisory company in London back in 2020, and since then got approvals from a couple of countries for buying and selling crypto assets. Encryptus is operated by an experienced team of experts who thoroughly understand the risks, compliances, and opportunities in the crypto space. We have made it our mission to empower licensed financial services companies in crypto adoption! Contact Abhinav Mehta Encryptus [email protected]
80 days ago cryptodaily
Encryptus CEO Uses IIT Bombay TechFest to Advocate Crypto Education
INTERNET CITY, DUBAI, 27th December, 2022, Chainwire On December 16-17 2022, the International Blockchain Summit was held at TechFest at the Indian Institute of Technology Bombay (IIT Bombay). Encryptus CEO Shantnoo Saxsena used the platform to encourage crypto users to educate themselves before investing in digital assets. The summit in Mumbai, India, brought together over 10,000 industry leaders, experts, and enthusiasts to exchange ideas about the crypto and blockchain ecosystem. Speakers included Shiv Kumar Bhasin, COO and CTO of the National Stock Exchange; Shantnoo Saxsena, Founder and CEO of Encryptus; and Mru Patel from My Tokenized Capital. These experts shared their thoughts on crypto, the metaverse, and NFTs. During the summit, Encryptus and other attendees discussed pain points in the industry and collaboratively explored solutions to improve the digital asset space and promote crypto adoption. The International Blockchain Summit also focused on emerging trends in different industries such as Defence, Technology, and Machine Learning. Mr. Shiv Kumar spoke about the implementation of a CBDC in India. He highlighted the challenges, government plans, and the future of the E-Rupee. Mr. Patel discussed NFTs and the metaverse and how they can play an active role in driving web3 adoption. Shantnoo Saxsena had a house full of students as he spoke about the basics of cryptocurrency: its adoption, scams, and how to stay safe at all times. He commented: &ldquo;Users must educate themselves before investing their hard-earned money. There are over 20,000 projects out there and not all the projects are legit. Buying cryptos is not tricky, but buying the right cryptos, clean cryptos, with proper storage is more critical.&rdquo; TechFest was attended by the likes of Mahindra, Netradyne, Kebbi, and BrahMos. There were also representatives from LBank, Google, TATA Consultancy Services, Jio Mobile, and Boeing at the two-day event. About Encryptus Encryptus started out as a crypto advisory company in London back in 2020, and since then got approvals from a couple of countries for buying and selling crypto assets. Encryptus is operated by an experienced team of experts who thoroughly understand the risks, compliances, and opportunities in the crypto space. We have made it our mission to empower licensed financial services companies in crypto adoption! Contact Abhinav Mehta Encryptus [email protected]
80 days ago cryptodaily
Encryptus CEO Uses IIT Bombay TechFest to Advocate Crypto Education
INTERNET CITY, DUBAI, 27th December, 2022, Chainwire On December 16-17 2022, the International Blockchain Summit was held at TechFest at the Indian Institute of Technology Bombay (IIT Bombay). Encryptus CEO Shantnoo Saxsena used the platform to encourage crypto users to educate themselves before investing in digital assets. The summit in Mumbai, India, brought together over 10,000 industry leaders, experts, and enthusiasts to exchange ideas about the crypto and blockchain ecosystem. Speakers included Shiv Kumar Bhasin, COO and CTO of the National Stock Exchange; Shantnoo Saxsena, Founder and CEO of Encryptus; and Mru Patel from My Tokenized Capital. These experts shared their thoughts on crypto, the metaverse, and NFTs. During the summit, Encryptus and other attendees discussed pain points in the industry and collaboratively explored solutions to improve the digital asset space and promote crypto adoption. The International Blockchain Summit also focused on emerging trends in different industries such as Defence, Technology, and Machine Learning. Mr. Shiv Kumar spoke about the implementation of a CBDC in India. He highlighted the challenges, government plans, and the future of the E-Rupee. Mr. Patel discussed NFTs and the metaverse and how they can play an active role in driving web3 adoption. Shantnoo Saxsena had a house full of students as he spoke about the basics of cryptocurrency: its adoption, scams, and how to stay safe at all times. He commented: &ldquo;Users must educate themselves before investing their hard-earned money. There are over 20,000 projects out there and not all the projects are legit. Buying cryptos is not tricky, but buying the right cryptos, clean cryptos, with proper storage is more critical.&rdquo; TechFest was attended by the likes of Mahindra, Netradyne, Kebbi, and BrahMos. There were also representatives from LBank, Google, TATA Consultancy Services, Jio Mobile, and Boeing at the two-day event. About Encryptus Encryptus started out as a crypto advisory company in London back in 2020, and since then got approvals from a couple of countries for buying and selling crypto assets. Encryptus is operated by an experienced team of experts who thoroughly understand the risks, compliances, and opportunities in the crypto space. We have made it our mission to empower licensed financial services companies in crypto adoption! Contact Abhinav Mehta Encryptus [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Axie Infinity?

The live price of Axie Infinity (AXS) today is 8.9975 USD, and with the current circulating supply of Axie Infinity at 115,605,572.61 AXS, its market capitalization stands at 1,040,156,271 USD. In the last 24 hours AXS price has moved 0.2968 USD or 0.03% while 43,411,113 USD worth of AXS has been traded on various exchanges. The current valuation of AXS puts it at #55 in cryptocurrency rankings based on market capitalization.

Learn more about the Axie Infinity blockchain network and how it works or follow the price of its native cryptocurrency AXS and the broader market with our unique COIN360 cryptocurrency heatmap.

Developed in 2018 by Sky Mavis, a Vietnamese video game development company, Axie Infinity features amongst the most popular blockchain-based play-to-earn (P2E) online video games. Created on the Ethereum blockchain, it is inspired by popular gaming titles like Tamagotchi and Pokemon. Players collect, breed, manage, battle as well as trade NFT-based creatures called Axies. The game’s ecosystem is based on two ERC-20 tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), both of which currently exist on the Ronin side-chain.

While the global gaming market has an extensive variety of NFT-based video games today, only a few have achieved the kind of staggering success that Axie Infinity has. It features over 2.5 million daily players and billions worth of gaming assets traded on its native marketplace.

Furthermore, with over 500 million in total value locked (TVL) in its smart contract, playing Axie Infinity has become the primary source of income for players in many developing countries.

AXS price

Although the Axie Infinity game was created in 2018, the AXS coin was launched in October 2020 through a public token sale, with AXS price set at $0.10 per unit. A total of 29.7 million AXS were sold out of a maximum supply of 270 million, raising close to $3 million for the project. 

Buoyed up by the wider crypto market bull run and the Ronin sidechain launch in February 2021, AXS price rallied to breach $10 in April 2021. However, it soon retraced to a low of $1.8 by May 19, 2021. AXS price stayed below $5 for the next two months and registered another remarkable rally starting July 2021, which culminated in its all-time high of about $166 on Nov. 6, 2021. AXS’s fully diluted valuation reached almost $45 billion at that point.

AXS coin has been in a corrective phase since its November 2021 high. According to our AXS live price chart, AXS price closed 2021 at under $100 and dipped further below $50 in Q1, 2022. That said, with ongoing ecosystem developments and the continuously growing interest in the P2E games, AXS’s next price surge may be just around the corner. 

How AXS works

While Axie Infinity is deployed on the Ethereum blockchain, Sky Mavis launched its own sidechain called Ronin, in February 2021, to avoid congestion issues on Ethereum, and to offer a seamless and cost-effective transaction experience to its players.

Ronin uses a Proof-of-Authority (PoA) consensus mechanism to secure its network and to process transactions occurring in the Axie Infinity ecosystem. It is a reputation-based consensus mechanism that facilitates quicker transactions owing to its limited number of validators, and hence features a largely centralized model. Unlike Proof-of-Stake systems, wherein validators are required to stake a certain quantity of tokens, in Proof-of-Authority, they stake their reputation, and are handpicked based on their credibility, in this case by the Axie Infinity team. Some of these validators are well-known brands like Ubisoft, Binance, Delphi Digital, Animoca Brands, Stable Node and Nansen.

AXS is the main governance token of the Axie Infinity network. It is also actively used for incentivizing players, buying in-game NFT assets, paying fees for breeding Axies and staking purposes. In addition, holding AXS makes players eligible to participate in certain auctions, sales and events held by the Axie Inifinity team.

AXS news, updates and highlights

AXS price action is largely governed by multiple forces, including ecosystem advancements, market-wide sentiment, regulatory developments and security breaches.

In 2021, Axie Infinity network underwent multiple improvements like the launch of Ronin sidechain, subsequent migration of native assets to Ronin, AXS staking launch and the November launch of Katana, a decentralized exchange for Ronin. In other noteworthy AXS news, in November 2021, a plot of land in the Axie Infinity metaverse sold for a whopping 550 ETH (worth $2.5 million at that time).

A few months down the line, in late March 2022, Axie Infinity’s Ronin blockchain suffered a major exploit, dubbed as the largest in the history of DeFi, leading to a loss of $625 million worth of players’ funds. However, helped by Binance and its own balance sheet, Sky Mavis has proven its commitment to reimburse all the affected users.

Frequently asked questions about AXS

  • Is it possible to mine or stake AXS?

No, you cannot mine AXS. However, it’s possible to stake your AXS tokens to earn staking rewards.

  • Which are the best AXS wallets available in the market?

The Axie Infinity team encourages using the native Ronin wallet available in both desktop and mobile versions, to store your AXS coins, SLPs, as well as in-game NFT assets. You can also use any other crypto wallet compatible with the ERC-20 tokens, such as Atomic Wallet. Trust Wallet, Trezor and Ledger Wallets.

  • What can I do with my AXS coins?

You can use your AXS coins to earn staking rewards, participate in Axie Infinity’s governance, buy in-game assets, breed your Axies and also participate in special sales/auctions held from time to time, by the Axie Infinity team.

  • What’s the best way to buy AXS coins?

The ideal way to buy AXS is through established crypto exchanges like OKX, Binance, Coinbase, Huobi Global and others. You can also use the Ronin network’s native DEX Katana, for AXS purchases.

Axie Infinity Price8.9975 USD
Market Rank#55
Market Cap1,040,156,271 USD
24h Volume29,262,344 USD
Circulating Supply115,605,572.61 AXS
Max Supply270,000,000 AXS
Yesterday's Market Cap1,039,823,707.03 USD
Yesterday's Open / Close8.6978 USD / 8.9946 USD
Yesterday's High / Low9.6965 USD / 8.6978 USD
Yesterday's Change
0.03% ( 0.2968 USD )
Yesterday's Volume43,411,113.32 USD
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