Axie Infinity

What Axie Infinity does

Axie Infinity is a blockchain-based gaming ecosystem developed and operated by Sky Mavis, a Vietnamese studio headquartered in Ho Chi Minh City. Launched in 2018, the platform enables players to collect, breed, battle, and trade NFT fantasy creatures called Axies within a play-to-earn economic model. The platform serves primarily individual consumers and gaming guilds, with historical concentration in Southeast Asia (notably the Philippines) and an expanding global footprint through pre-registrations and PC/mobile distribution.

The product portfolio spans six interconnected games — Atia's Legacy (an upcoming real-time MMO with 17.2M+ pre-registrations), Origins (card battles), Classic (original gameplay), Terrariums (passive land management launched June 2026), Axie Quest, and Den of Mysteries — all built on the Ronin blockchain, which Sky Mavis migrated from an independent Ethereum sidechain to a full Ethereum Layer 2 on the OP Stack in May 2026. The dual-token architecture comprises AXS (governance and staking, with 13-29% APR) and SLP (utility token for breeding), supplemented by bAXS (bonded AXS) for expanded in-game spending utility. Technical infrastructure includes partnerships with Optimism, Conduit, Boundless, and EigenDA for the L2 stack, with the migration reducing RON emissions by 89% and increasing marketplace treasury fees 2.5x.

Axie Infinity's business model is grounded in marketplace transaction fees, breeding fees paid in SLP, and AXS staking economics, all running through the app.axieinfinity.com marketplace and mobile applications. The platform has facilitated $1.26B in cumulative sales across 9.3M+ transactions involving 5.5M+ Axies held by 575,000+ owners. Go-to-market is community-led, leveraging Discord, X, YouTube, TikTok, and gaming guild scholarship programs. Following the catastrophic March 2022 Ronin Bridge hack ($625M stolen) and a DAU collapse from 2.7M to ~5,500, Sky Mavis secured $152M in 2025 funding and is executing a multi-product turnaround centered on Atia's Legacy and the L2 migration.

Name

Axie Infinity

Legal name

Axie Infinity

Website

https://axieinfinity.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Axie Infinity, developed by Sky Mavis, is a blockchain gaming ecosystem where players collect, breed, and battle NFT creatures called Axies on the Ronin Ethereum L2 network. It serves individual gamers and gaming guilds globally via a dual-token economy (AXS, SLP) and a multi-game portfolio.

Ownership category

akta.pro rank

Product category

Blockchain Gaming

NAICS

Other Gambling Industries (713290), Amusement Arcades (71312), Securities and Commodity Exchanges (52321)

SIC

Services-Miscellaneous Amusement & Recreation (7990), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Play-to-Earn & Reward Platforms (questing, loyalty, airdrop mechanics) (FSAPAGAH)

akta.pro secondary industries

GameFi Economies & Token Systems (tokens, staking, sinks/sources, inflation control) (FSAPAGAG), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE), Guilds, Scholarship & Player Networks (asset renting, delegation, communities) (FSAPAGAI)

Keywords

• Blockchain gaming platform
• NFT creature battles
• Play-to-earn gaming
• Decentralized asset trading
• Web3 gaming ecosystem

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Marketplace Trading Fees: Axie Infinity generates revenue through transaction fees on its decentralized marketplace where Axies, land, and other in-game assets are traded. The migration to Ethereum L2 brought a 2.5x increase in marketplace treasury fees.
2. Breeding Fees: Players pay SLP tokens to breed Axies, creating a recurring consumption-based revenue stream tied to gameplay activity.
3. AXS Staking: Staking rewards distributed to AXS holders with APR ranging from approximately 13% to 29%, influenced by market conditions and the AxieScore system.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Axie Infinity is a blockchain-based gaming ecosystem built on the Ronin Network (Ethereum Layer 2) where players collect, breed, battle, and trade NFT creatures called Axies. The platform offers multiple interconnected games (Classic, Origins, Terrariums, and the upcoming Atia's Legacy MMO), supported by a decentralized marketplace for peer-to-peer trading of Axies, Land, and consumables. A dual-token architecture (AXS governance token, SLP utility token, and bAXS bonded token) underpins the in-game economy, enabling play-to-earn mechanics, staking, and ecosystem governance.

Product overview

Axie Infinity is a blockchain-based gaming ecosystem built on the Ronin Network (Ethereum Layer 2) consisting of multiple interconnected games and products. The portfolio includes: Axie Infinity: Atia's Legacy (upcoming full-scale MMO with real-time combat), Axie Infinity: Origins (card battle game), Axie Infinity: Classic (original game), Axie Infinity: Terrariums (passive land management), Axie Quest, and Axie: Den of Mysteries. The ecosystem is supported by a decentralized marketplace for trading Axies, land, and consumables; the AXS governance token; and the SLP utility token for breeding. The platform aims to onboard millions of users to blockchain technology through nostalgic and charming gameplay while enabling true digital ownership of in-game assets.

Differentiator

Problem solved

Functional benefit

Brands

• Axie Infinity: Atia's Legacy: Full-scale MMO expansion transforming the turn-based card battle system into real-time squad-based combat with up to four Axies. Features persistent world integration with existing Axie and Land NFTs.
• Axie Infinity: Origins
• Axie Infinity: Classic
• Axie Infinity: Terrariums
• Axie Quest
• Axie: Den of Mysteries

Products and services

• Axie Infinity: Atia's Legacy Full-scale MMO expansion transforming the existing turn-based card battle system into real-time squad-based combat with up to four Axies. Features a persistent world in the Lunacia realm integrating existing Axie NFTs and Land NFTs, with exploration, building, and battle mechanics.
• Axie Infinity: Origins Card battle game within the Axie Infinity ecosystem featuring strategic gameplay with Axie creatures.
• Axie Infinity: Classic Original Axie Infinity game featuring battles, breeding, and collection of NFT creatures called Axies.
• Axie Infinity: Terrariums Land-based passive management gameplay system where users can manage land items and participate in the ecosystem. The V1 version launched with bonded AXS rewards integration.
• Axie Quest Game within the Axie Infinity ecosystem offering quest-based gameplay.
• Axie: Den of Mysteries Mystery-themed game within the Axie Infinity universe offering exploration gameplay.
• Axie Infinity Marketplace Decentralized marketplace on the Ronin Network facilitating trading of gaming assets including Axies, land, and consumables. Operates as a decentralized exchange supporting NFT trading.
• AXS Token Governance token of the Axie Infinity ecosystem. Used for staking, governance voting, and accessing new games and features. Part of the dual-token economic model alongside SLP.
• SLP Token Utility token used for breeding Axies within the Axie Infinity ecosystem. Part of the dual-token economic model alongside AXS.
• Ronin Blockchain

Quantifiable outcome

• 5.5M+ Axies owned by 575K+ players with $1.26B in total sales
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• OptimismcoreTechnology or Integration · 12 May 2026Ronin blockchain's migration to Ethereum Layer 2 using OP Stack ecosystem, with Optimism as a key partnership spanning the migration infrastructure.
• ConduitcoreTechnology or Integration · 12 May 2026Ronin's migration to Ethereum L2 included partnership with Conduit for infrastructure supporting the layer 2 network.
• SegaminorStrategic or Co-development Partner · 28 August 2025Strategic partnership between cryptocurrency platforms and gaming companies including Sega implementing blockchain-based initiatives that drove 386% YoY increase in unique active wallets.
• UbisoftminorStrategic or Co-development Partner · 28 August 2025Ubisoft implemented blockchain-based initiatives as part of broader industry adoption of gaming tokens.
• LINE NEXTminorStrategic or Co-development Partner · 24 July 2025Sky Mavis (Axie Infinity creator) backed a new BORA-integrated game launching on the LINE NEXT app, expanding ecosystem reach.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pixels: A leading Web3 farming/social MMO that runs on the Ronin blockchain (alongside Axie). Direct competitor for GameFi mindshare, Ronin-ecosystem users, and casual blockchain-gaming audience, with a comparable play-and-earn token economy.
• Gala Games: Web3 gaming platform offering multiple interconnected games (Town Star, Spider Tanks, Mirandus) with NFT ownership and a GALA token economy. Closely comparable multi-game, tokenized gaming-ecosystem model to Axie's portfolio approach.
• Big Time Studios: Multiplayer action RPG with NFT-based cosmetic assets and play-to-earn mechanics. Competes for the same NFT-gaming, PC-first user base that Axie is targeting with Atia's Legacy.
• Decentraland: Decentralized virtual world built on Ethereum with MANA token, NFT LAND, and an in-world economy. Compares to Axie on metaverse-and-NFT axes, though Decentraland emphasizes user-generated content while Axie centers on creature-collection gameplay.
• The Sandbox: Voxel-based virtual world and game creation platform with NFT LAND, SAND token, and user-generated content. Compares to Axie on the NFT-asset-ownership and creator-economy dimensions, with overlapping target users (creators, NFT collectors).
• Sky Mavis (parent): Sky Mavis is the parent developer of Axie Infinity, but the entity is also a relevant peer in Ronin-ecosystem infrastructure, building and operating the Ronin chain that hosts other Web3 games like Pixels and Tribesters.

Broad incumbents

• Yuga Labs: Creator of Bored Ape Yacht Club, Otherside metaverse, and the ApeCoin ecosystem. Comparable as a category-defining Web3 brand with NFT-native IP, gaming expansion (Otherside), and a token-based economy, though at substantially larger scale.
• Animoca Brands: Hong Kong-based Web3 gaming and digital property conglomerate with a portfolio including The Sandbox, REVV, and many other GameFi titles. An early Axie investor and a broader incumbent competing across the same investment and publishing space.

Others

• Magic Eden: Leading multi-chain NFT marketplace that competes with Axie's marketplace for trading volume on gaming-NFT categories. Not a direct gameplay competitor but a relevant adjacent peer for marketplace liquidity and discovery.

Emerging players

• Illuvium: Open-world RPG and creature-collection auto-battler built on Immutable zkEVM with ILV token and NFT creatures. Closely comparable to Axie on the collectible-creature-battle gameplay loop and Web3 economic model, though targeting a higher-fidelity AAA audience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AxieInfinity
• YouTubeyoutube.com/@AxieInfinity
• TikToktiktok.com/@axieinfinity

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds9 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Axie Infinity