Axie Infinity, developed by the Vietnamese studio Sky Mavis, is known for its in-game economic system, which uses Ethereum-based cryptocurrency. Players collect and forge digital pets represented by non-fungible tokens (NFTs), which can breed and battle in the game. Sky Mavis charges a 4.25% fee on player transactions.
Since 2018, Axie Infinity has undergone more than 4 years of development. Including the time and research spent on Cryptokitties by the founders, the project's history should have exceeded 5 years. The emergence of Axie Infinity marks the beginning of a new era, representing a significant turning point in the blockchain gaming industry.