Old Axie Infinity Shards (AXS) refers to the original version of the AXS cryptocurrency token before it migrated to a new contract in 2021. AXS is the governance token for the Axie Infinity ecosystem, a blockchain-based trading and battling game that is partially owned and operated by its players. The original AXS token played a crucial role in the ecosystem, allowing token holders to participate in governance decisions, earn staking rewards, and interact with various elements of the Axie Infinity universe. The migration to a new contract was part of the project's development roadmap to enhance the token's functionality and integration within the Axie Infinity ecosystem.

Before the migration, Old Axie Infinity Shards (AXS) was used primarily for governance, staking, and as a medium of exchange within the Axie Infinity ecosystem. Token holders could vote on key governance decisions, influencing the direction and development of the game. Staking AXS allowed users to earn rewards, contributing to the security and operation of the platform. Additionally, AXS served as a key currency within the Axie marketplace, used for purchasing Axies, lands, and other in-game assets, enhancing the play-to-earn aspect of the game.

Old Axie Infinity Shards (AXS) was created by Sky Mavis, the developer behind the Axie Infinity game. Sky Mavis is a technology-focused game developer known for integrating blockchain technology into its projects. The team aimed to create a digital economy within the Axie Infinity universe, where players could earn income through skilled gameplay and contributions to the ecosystem. The introduction of AXS as a governance token was a step towards decentralizing the decision-making process, giving the community a stake in the game's future development.