Axie Infinity Marketplace Review: The Best Place to Build a Team of Axies

The Axie Infinity Marketplace is the NFT marketplace for one of the most popular crypto video games. It lets users buy and sell NFTs for the creatures, items, and land that are used in Axie Infinity. Since the game requires three Axies to start, using its marketplace is the fastest way to get started. Read our full Axie Infinity Marketplace review to see how it works and find out if you should give it a try.

This NFT marketplace is a good fit for: Blockchain gaming enthusiasts who want to buy creatures and other NFTs they can use to play Axie Infinity.

Top perks

Buy and sell gaming NFTs

The Axie Infinity Marketplace is a specialized marketplace with NFTs for the popular Axie Infinity game. It offers hundreds of thousands of Axies, which are digital pets that have different attributes and rarity. You can use these creatures to battle, explore the game area, and breed to create new Axies. The marketplace also offers land in the game world and items.

NFTs you buy on the Axie Infinity Marketplace are added to your inventory. If you want to sell any of your inventory, you can do so either at a fixed price or through an auction.

Can earn cryptocurrency through Axie Infinity

One of the reasons people have been drawn to Axie Infinity is because it's a play-to-earn crypto game. Players earn cryptocurrency through in-game rewards. This gives you another way to make money by investing in NFTs, as selling them isn't the only way to make a profit.

Some players buy Axies and play the game themselves to earn crypto. Others invest in Axies and let other players rent them out in return for a cut of their earnings. This type of arrangement is called a Scholarship.

No buyer's fee

The Axie Infinity Marketplace doesn't charge buyers a fee. You can purchase NFTs free of charge, which is rare on NFT marketplaces. Keep in mind there are gas fees for depositing Ethereum to your Ronin Wallet, which is required to use this platform.

What could be improved

Only offers one type of NFT

If you're interested in buying different types of NFTs, you'll need to look elsewhere. This marketplace is exclusively for Axie Infinity players. You won't find digital art, videos, sports highlights, or anything else.

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High seller's fee

Sellers pay an Axie Infinity Marketplace fee of 5.25%. If you sell an Axie for $1,000, fees would cost you $52.50. That's on the high side, since there are other NFT marketplaces that charge 2.5%.

Requires multiple wallets

Although the Axie Infinity Marketplace is fairly easy to use, it requires multiple wallets: Ronin Wallet and MetaMask. The marketplace requires Ronin Wallet, because it uses the Ronin sidechain. To be able to buy anything, you need Ethereum in your Ronin Wallet, which you can deposit from MetaMask. On the bright side, MetaMask is one of the best NFT wallets.

If you want to buy and sell all kinds of NFTs: OpenSea has an unrivaled selection of NFTs covering every category, including art, music, sports, and digital worlds. You can use it to find new NFT investments or to mint and sell your own. This marketplace also accepts several different cryptocurrencies as payment methods.

If you want to mint your own NFTs: Mintable makes minting NFTs about as straightforward and cheap as it gets. While most platforms require paying gas fees to create NFTs, Mintable gives you the option of gasless minting with no transaction fees. Because this marketplace is so user friendly, it's a great choice for beginners.

The Axie Infinity Marketplace is designed around the Axie Infinity game and the NFTs it uses. Here's a look at the services it offers and how it works.

Services

On the Axie Infinity Marketplace, you can buy and sell gaming NFTs to use in Axie Infinity. These include Axies, which are the game's creatures, digital land, items, and bundles of multiple items. You need to have at least three Axies to play Axie Infinity.

From your inventory, you can sell any of your NFTs on the marketplace. You can also breed your Axies to create a new one.

Blockchains

The Axie Infinity Marketplace is built on the Ethereum blockchain. It also uses a sidechain called Ronin to process transactions more quickly and minimize transaction fees.

Supported wallets

Ronin Wallet is the only supported wallet on the Axie Infinity Marketplace. You need to download it to make transactions on the platform.

You'll also need MetaMask so you can transfer Ethereum to your Ronin Wallet, since Ethereum is required to make purchases with Axie Infinity. Once you have MetaMask, you can use Ronin Bridge to deposit Ethereum to Ronin Wallet. There are other ways to get Ethereum in your Ronin Wallet without using MetaMask, but they're unavailable to U.S. customers.

Payment methods

Ethereum is the only payment method accepted on the Axie Infinity Marketplace. You can purchase Ethereum on most of the top cryptocurrency exchanges.

Fees

The Axie Marketplace fee is 5.25%, and it's paid by the seller. There's no fee for buyers. Of that fee amount, 4.25% is sent to the Community Treasury, and 1% is shared with the NFT's creator if there's a creator code. If there's no creator code, then the Community Treasury receives the full 5.25%.

Compared to other NFT marketplaces, the Axie Infinity Marketplace is expensive for sellers. Other major marketplaces charge 2.5%. However, that's somewhat balanced out by the fact that buyers don't pay a fee.

The Axie Infinity Marketplace offers NFTs that can be used in the Axie Infinity online game. These include:

• Axies
• Land
• Items
• Bundles of multiple items

Since the marketplace is strictly for Axie Infinity, it doesn't offer any other types of NFTs, such as digital art, music, or domains.

The Axie Infinity Marketplace is a popular target for hackers. Since your NFTs are stored in your Ronin Wallet, they'll be safe as long as no one else is able to access your wallet or get your seed phrase. It's important to be careful about the links you click on and how you store your seed phrase so your wallet doesn't fall into the wrong hands.

Some users have reported that their wallets were hacked, and that the hackers stole all their NFTs and cryptocurrency. Unfortunately, once this happens, it's often impossible to get those assets back.

Axie Infinity suffered one notable security breach in November 2021 when its Discord channel was hacked. The hacker sent out a fake announcement with a link directing to a website designed to steal Ethereum. In response, Axie Infinity reimbursed everyone who lost funds due to the announcement and took steps to improve their Discord channel's security.

PROTECT YOUR DIGITAL ASSETS: How to Safely Store Cryptocurrency

• You like gaming and want to try Axie Infinity.
• You're interested in earning crypto, either by playing Axie Infinity yourself or investing in Axies and renting them out to other players.