$\infty Grpd$ is the (∞,1)-category of ∞-groupoids, i.e. of (∞,0)-categories.
It is the full subcategory of (∞,1)Cat on those (∞,1)-categories that are ∞-groupoids.
It is also the archetypical (∞,1)-topos.
As an simplicially enriched category $\infty Grpd$ is the full SSet-enriched subcategory of SSet on Kan complexes.
$\infty Grpd$ is the (∞,1)-category that is presented by the Quillen model structure on simplicial sets.
As a Kan-complex enriched category this is the full sSet-subcategory on fibrant-cofibrant objects of the Quillen model structure on simplicial sets.
Under the homotopy hypothesis-theorem, this means that $\infty Grpd$ is also the full $(\infty,1)$-subcategory of Top on spaces of the homotopy type of a CW-complex.
As an (∞,1)-topos $\infty Grpd$ is the terminal $(\infty,1)$-topos: for every other (∞,1)-sheaf (∞,1)-topos $\mathbf{H}$ there is up to a contractible space of choices a unique geometric morphism $(LConst \dashv \Gamma) : \mathbf{H}\stackrel{\leftarrow}{\to} \infty Grpd$ – the global section geometric morphism. See there for more details.
Limits and colimits over a (∞,1)-functor with values in $\infty Grpd$ may be reformulation in terms of the universal fibration of (infinity,1)-categories.
Let the (∞,1)-functor $Z|_{Grpd} \to \infty Grpd^{op}$ be the universal ∞-groupoid fibration whose fiber over the object denoting some $\infty$-groupoid is that very $\infty$-groupoid.
Then let $X$ be any ∞-groupoid and
an (∞,1)-functor. Recall that the coCartesian fibration $E_F \to X$ classified by $F$ is the pullback of the universal fibration of (∞,1)-categories $Z$ along F:
Let the assumptions be as above. Then:
The colimit of $F$ is equivalent to $E_F$:
The limit of $F$ is equivalent to the (∞,1)-groupoid of sections of $E_F \to X$
The statement for the colimit is corollary 3.3.4.6 in HTT. The statement for the limit is corollary 3.3.3.4.
The n-truncated objects of $\infty Grpd$ are the n-groupoids. (including (-1)-groupoids and the (-2)-groupoid).