The crypto market is one of the most exciting financial markets out there today. With so many coins offering something different, the crypto market is ushering the world into a different reality. The concept of digital currency shocked the world. With over ten years of existence, the world has slowly come to terms with the idea of digital currency. By building on blockchain technology, cryptocurrency offers more than just the chance to drastically improve your bank account.
A unique sector of the crypto market that offers great value in terms of financial regard and utility is the NFT sector. Also known as non-fungible tokens, NFT broke into the mainstream media two years ago. With only a couple of years under its belt, the NFT sector is now worth billions of dollars, and it does not show any sign of depreciating soon. As NFTs become more popular and profitable, a lot of crypto projects leverage their benefits to increase adoption and offer beneficial utility. Many of the popular crypto assets in the market today have an NFT-related utility. Studying the current trend, two NFT-related crypto assets worthy of a second glance are Axie Infinity (AXS) and Cryptoons (CTOON).
AXIE INFINITY (AXS): Gaming for the Entire Family
Like many other crypto projects, Axie Infinity (AXS) is built off the Ethereum (ETH) blockchain. As a blockchain-based virtual gaming platform, Axie Infinity (AXS) I built on Ronin, an Ethereum-linked side chain. On the gaming platform, users are allowed to breed, collect, and battle NFT characters with other members of the ecosystem. The different characters on the platform are known as “Axies.” These Axies are special and fierce digital creatures on the gaming platform. Interested users can easily build up their collection of Axies with the help of a strong team. Once a formidable team is created, battles are orchestrated with other players on the platform.
The Axie Infinity (AXS) network makes use of the play-to-earn model. This means that…
