Axie Infinity Launched Katana, the First In-Game Crypto Exchange

Axie Infinity announced Katana, an in-game crypto exchange within the Ronin wallet.

  • Axie Infinity announced Katana, an in-game crypto exchange within the Ronin wallet.
  • The exchange includes such assets as SLP, AXS, USDC, and WETH.

Axie Infinity is taking a huge step forward with the creation of an in-game exchange. There are two types of blockchain gaming projects: those with various digital assets for different purposes and others with one asset used for everything. For example, The Sandbox has SAND and LAND, Town Star has GALA and TOWN. On the other hand, Aavegotchi only uses GHST for all in-game purposes. 

So far, Axie Infinity introduced two types of tokens: Smooth Love Potion (SLP) that is used as an in-game resource, and Axie Infinity Shards (AXS), which was released in limited supply and represents ownership of a part of the Axie Infinity Universe. Before, the tokens could be traded in the biggest crypto exchanges. However, exchange is possible now within the Ronin wallet ecosystem, the native wallet of Axie Infinity. 

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The exchange got the name Katana. It also includes USD Coin (USDC) and Wrapped Ethereum (WETH) as a stablecoin and a universal ERC-20 token accordingly. 

For the occasion, the developers Sky Mavis introduced a CGI trailer where they showed 3D Axies working near big machines reprocessing different kinds of tokens:

The developers promise lower transaction fees as well as liquidity pools. 

After the recent metaverse trend established by Mark Zuckerberg, the popularity of blockchain games, and especially crypto virtual reality platforms surged dramatically. Most probably, this is only the beginning.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.