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Delphi Digital Report: Why invest 437.5ETH in blockchain game Axie Infinity

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Delphi Digital mainly considers two points: rarity and practical value.

Rhythm BlockBeats previously reported that the Delphi Digital team had purchased 5 Axies on September 25 and spent 473.5 ETH (approx. 160,000 US dollars), the following is the Delphi Digital team's report on Axie's investment ideas.

On September 25, we spent 473.5 Ethereum and purchased 5 Axies. The recent gains in the market may deter some investors, but we feel that this is the best opportunity. Some people may be intimidated by the amount of money we spent, but in fact this is an opportunity that we have been waiting for since Delphi. In fact, when we first started, we were helping a large investment company research games on the blockchain. Our investment logic is very simple: try it out, if it is interesting, you can see what investment opportunities there are. One such project, Axie Infinity, lets users collect digital pets, called "Axies."

At that time, we organized 11 Axie teams, played 47 rounds of game challenges, and then lost a big part. Although the number of times I lost the game exceeded my expectations, I still feel that there is a very special opportunity in the Axies game: Mystic Axies (Mystic Axies).

The following is our research report on September 7, 2018:

Axie Infinity

Each AXIE coin is an ERC721, representing a Only electronic pets. Each has its own characteristics and has different values. Because Axies can always have babies (not now, there is a limit of 7 children, but there was no time), their currency value may depreciate one by one, but there are several types of Axies, such as (O generation) Origin Axies (like CryptoKitties (GEN0) is limited in number. These Generation-O Axies may become rare, but there is a subset of Generation-O Axies that is even rarer: Mystic Axies (Mystics).

Every Mystery Axie is a Generation O Axie, but not every Generation O Axie is a Mystery. If each Axie Origin Coins is purchased and exchanged for Axies, there will be about 1,453 Mystic Axies in the entire game, which is more rare (40 times) than Cryptokitties (50,000).

When users exchange Axie Origin Coins for Origin Axies, each of the six body parts has 18 There's a 1 in 3 chance that it's a mystic part, so there's a 1 in 3 chance that each Gen O Axie will be a mystic Axie. 2 parts, 3 parts, 4 parts and more are rarer.

1 mystery part = 1325 (1/18) * 6 = 33.33%

2 mystery parts = 205 (1/18)^2 * 15 = 4.6%

3 mystery parts = 17 (1/18)^3 * 20 = 0.34%

4 mystery parts = 3 (1/18)^4 * 15 = 0.014%

5 Mysterious part = 0 (1/18)^5 * 6 ~ basically impossible

< p dir="ltr">6 mysterious parts = 0 (1/18)^6 * 1 ~ basically impossible

When I was young, I especially liked playing Pokemon, so as soon as I saw that the mysterious Axies are limited and can be directly PK online, I have been thinking about how to collect the most precious and mysterious Pokemon in the world. Axies. In the past two years, we have been thinking about when is the best time to build our Axie team, but we have not found a good time to enter. Now is the time. Axie's future governance token Governance Token was designed by us, so we know that we may never have the opportunity to buy the mysterious Axies we want.

After we finished buying, many people asked: Why did you buy these? How do you know which ones are the most valuable? The value of NFT is still difficult to explain, each NFT is different, but we hope this article can share our thinking.

We mainly consider two points: rarity and practical value. I'll explain rarity first, and then let my colleague (Coalie Bee aka SithLord) explain the game logic and rules.

In the world of Axie, the limited edition O generation only occupies a very low proportion. Now that all have been found, some were purchased in the early round, and the rest were bought with Axie Origin Coins

. Now there are 1375 AOCs left unused, each O-Gen Axie needs five AOCs to buy, so there are 275 unborn O-Gen Axies, and there will be a total of 4088 O-Gen Axies. We think that these AOC coins may be held by some users for a long time as collectibles in the future. Some users may feel like buying lottery tickets, and at worst hope to buy a dream.

In addition, there are 3 Axies generation (Amagogenesis Axies, Durendal, Almace, Hauteclere) are limited, and the fighting power in the game is extremely strong.

When we published the 2018 copy, O-generation Axies accounted for 43% of all Axies. Now the O generation accounts for 2.5%. There are 6 types of axies in generation O: beasts, water, birds, plants, insects, and reptiles, among which birds, insects, and reptiles are the most difficult. Each of these three types accounted for 3% of the total generation O.

When Generation O Axies are produced, there is a chance that six body parts of each axie will be mystery parts. It is not easy to get one mystery part, but it is rare to have more than n mystery parts. So far, I have not found any Axies with 5 or 6 mystery parts.

1 mystery part = 1325 (1/18) * 6 = 33.33%

< p dir="ltr">2 mystery parts = 205 (1/18)^2 * 15 = 4.6%

3 mystery parts = 17 (1/18)^ 3 * 20 = 0.34%

4 mystery parts = 3 (1/18)^4 * 15 = 0.014%

5 mysterious parts = 0 (1/18)^5 * 6 ~ basically impossible

6 mysterious parts = 0 (1/18)^6 * 1 ~ basically impossible

< p dir="ltr">

According to statistics, there should not be any new 3x, 4x, 5x, 6x mystery Axie anymore. Currently, 4x Mystics are only plant-based. Bugs, Reptiles only 1 3x, Birds none at all. We (Delphi) now buy the only worm and reptile one, and then a 4x one.

Axies body parts are heritable, so now carry the rarest The Axie of the Mystic body part has the highest value. We picked these bugs, reptiles because they all have the rarest parts.

These mysterious Axies will become the most powerful "Legendary" part, which can be passed on to their next generation of Axies .

About playing games, Axie mainly needs to be considered The abilities of each Axies and two main resources: the number of energy and the number of cards. The basic stats of each Axies vary according to the category it belongs to. Axies basic stats include health, speed, morale and skills. The speed of Axie will affect the order of battle, the health value will give each Axies higher defense, the skill value will change the attack power of Axie to a certain extent, and the morale value will affect Axies to survive after hitting a critical hit (Critical) and losing all life points The possibility of a "ghost" state. Axies first get a basic data according to their category, and then add points according to the six body parts (+3 points for the main category, +1 point for the sub-category).

https://axie.zone/stats

Axies have 4 valid body parts (horns, mouth, back, tail) and 2 invalid body parts (eyes, ears) Valid parts dictate what cards an axie has - each axie There are four established cards. Some cards require energy points. If the user does not have enough energy points in each round of the game, this card cannot be played. At the beginning of the game, the opponents each have 3 energy points and 6 cards randomly distributed; in each round, both sides will randomly add 3 cards and replenish 2 energy points. Tank Axies have high defense and DPS Axies have high attack.

Axies has many ways to play, depending on the strategy you like to defeat other opponents.

With Legendary Axies in the future, each Mystic part may generate Rare with 2, Epic with 4, and Legendary body parts with 8, so there may be many players holding Mystic Axies Special opportunity during future game development.

Since there are only 3 4x mysterious Axies in the world, we think #1367 is the cheapest , and the only Axies with only 3 active parts, is a required Axie to buy.

#1733 and #3983 are 3X mysterious Axies, but they The body parts are very rare, in terms of rarity, they belong to our second echelon.

Alien (#3983) This has only the hardest body part to find: Vector's ears. In addition, one of Axie's established cards is able to replenish a power point if his opponent Axie is faster than him.

#1733 has the 3rd, 5th, and 8th hardest body parts: Rugged Sail, Venom Bite, and Lagginggggggg.

#1338 Has high attack power, has the function of sleeping, high speed and morale value enhance his attack power. This one also has the third and seventh hardest body parts.

Finally, we also bought #505, he has two cards that can get energy points, and then There is a card that draws an additional card on top of the two cards obtained each round. The energy card is to directly steal energy points from the opponent, increasing the chance of fighting in each round.

We are looking forward to future governance tokens, Then I hope to see the future development of the game Axie Infinity.