Jeff Zirlin, the co-founder of the Axie Infinity game, has announced plans to launch a DEX to permit buying and selling of AXS and SLP tokens on-chain.
Axie Infinity, the game that allows people to battle chubby, fantastical beasts, and earn Axie Infinity Shards (AXS), which are ERC20 governance tokens, and clean love potion tokens (SLP) while playing, will soon have its own decentralized exchange. The exchange will allow buying and selling of tokens among the Axie Infinity consumers. AXS can be earned by a placement on the leaderboard and by winning tournaments. AXS can also be purchased from crypto exchanges around the world, and they can also be earned through gameplay.
The DEX will be built on the Ethereum-linked sidechain Ronin, which was built specifically for Axie, which will make Axie Infinity one of the first games in the world to have its own DEX. Sky Mavis, the company behind Axie Infinity, will be creating the exchange. One of the reasons for creating the Axie Infinity DEX is because people require tokens during gameplay and have to use cross-chain bridges to purchase or swap tokens, which creates friction in the user experience, which Zirlin wants to avoid, as reducing friction. Whenever Axie has reduced friction in their ecosystem, the trajectory of growth in users has been markedly different compared to when gameplay was handicapped by friction.