11 in-game currencies you need to know about

Axie’s economy has two tokens—two in-game currencies that underpin the Axie economy. The first is Axie Infinity Shards, or AXS, which is Axie’s governance token.

Immediately upon entering the Web3 rabbit hole, one realizes that it’s hard to talk about crypto without also talking about gaming — specifically a highly financialized form of “gamification” revolving around microtransactions and “play-to-earn” (P2E) incentive design, whereby players win real tokens with real financial value for specific behaviors... See more

This week, I want to dive deeper into the economics of Axie. This is important because 1) Axie is probably the most important on-ramp to crypto in the world right now, and 2) because as more workers find work in the metaverse, we often overlook how complex these economies are. Digital economies may be disguised within games—in Axie’s case, within a... See more