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Axie Infinity is a blockchain game developed by Vietnamese studio Sky Mavis, [1] known for its in-game economy [2] which uses Ethereum-based cryptocurrencies. [3] It has been called 'a pyramid scheme that relies on cheap labor from countries like the Philippines to fuel its growth.' [4]
Some 10 million of Axie’s AXS tokens owned by insiders and early investors will be unlocked soon, creating selling pressure. AXS price has dropped following prior unlocking dates.
The company was founded as AXS InfoComm in 2000 as a joint venture between Network for Electronic Transfers Singapore (NETS) and LKN-Primefield Ltd. [4] [5] In 2001, the company launched its primary product, the AXS Station, a network of self-service kiosks enabling users to pay bills, fines, and access various other services.
In a May 2022 Form 10-Q filing, Coinbase stated that "because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general ...
For example, Ether (ETH) is the native crypto asset of the Ethereum blockchain, and was created by the core Ethereum developer team to incentivise proper maintenance of the blockchain. While Axie Infinity Shards (AXS) tokens, were created using an Ethereum smart contract developed by an unaffiliated third party, in order to give token holders ...
Axis Capital Holdings Limited (NYSE:AXS) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we'd rather spend our ...
AXS Pte Ltd, a Singapore payment company and service; Access (group), a Japanese pop group which once spelled its name AXS AXS GmbH, now part of Bruker, a scientific instruments company based in Billerica, Massachusetts, USA
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