DeFi isn’t the only sector finding a product-market fit in crypto. Gaming and non-fungible tokens (NFTs) are shaping up to watch with the popularity of platforms like Axie Infinity continuing to grow.
In this report, we focus on Axie Infinity which is a platform for gamers. This project aims to create an environment in which gamers can play, buy/sell items and participate in tournaments in one place. They also have decision-making power through governance.
While the project’s vision is towards becoming a DAO and those holding between $AXS will become owners of the platform, the founding team is still slowly growing towards decentralisation. In other words, at the time of writing this report, Axie Infinity is still a centralised platform based on blockchain.
Therefore, Axie Infinity’s economy is currently coordinated by the founders. The main incentive of the current economy is that platform revenue will go directly to $AXS holders. Soon, there will be more room for expansion to increase the value of $AXS