Blockchain games have always been an exciting addition to the overall ecosystem, although not everyone sees their value. Axie Infinity is one such game that most people have mainly ignored until recently. The rising AXS price is a contributing factor to the renewed attention for this project.
Earning Income With Axie Infinity
Although video games will always be popular in one way or another, very few of them let the players earn money or control their assets. Blockchain games, like Axie Infinity, are very different in this regard. The game is simple to play, and lets players earn income through non-fungible tokens, breeding, battling, and trading digital pets called Axies. This “play-to-earn” model empowers users and creates a more versatile native economy.
As tens of thousands of people are currently playing Axie Infinity, there will always be other players to battle or trade with. Growing a pet in the game requires SLPs or Smooth Love Potions. Players can use these potions to grow one’s pets or sell them for cryptocurrency, depending on the player’s preference. The game is accessible via mobile devices and desktops, catering to a potential user base of billions of people.
There’s Never A Bad Time To Join
Playing Axie Infinity will either require a scholarship or buying a few starter Axies from the marketplace. As most people will have to explore that latter option, there is an upfront investment to consider. It can scare off a lot of people, although prices for Axies appear to keep going up. Those values may come down again in the future, but players will have time to put their initial investment to work and recuperate their original payment even then. Never invest money you cannot afford to lose, however.
Given how accessible the game is, the upfront investment of $1,000 or more may not necessarily be a big deal to some. For others, it will always be a lot of money they may not be able to afford. Attempting to acquire an Axie scholarship may be a better option, although not everyone will be able to explore that opportunity.
Axie Infinity Scholarships
The interesting addition of scholarships to Axie Infinity creates new opportunities for its play-to-earn model. Scholarships can differ from one region to the next and will require an Axie Infinity account, a MetaMask account, and a Ronin account. As part of the scholarship, managers or guilds can provide three Axies for the player to earn SLP. These Axies are “on loan”, and players will receive educational tips from the manager or guild.
Guilds or managers monitor all scholarships. They will only provide this opportunity to players committed to playing this game and contributing to the overall ecosystem. Of the SLP earnings, up to 40% can go to the manager, depending on how everything has been set up. Managers and scholars can convert their SLP into cryptocurrencies to make money. All in all, an exciting method to bring more people to this blockchain game ecosystem.
Sales Volume Keeps Booming
As Axies can be bought and sold freely, keeping tabs on the overall market sales is crucial. Axie Infinity is the top project over the past 24 hours, generating over $33 million in sales. There were over 22,280 buyers, resulting in almost 62.400 transactions. These numbers are very impressive and put the blockchain game ahead of CryptoPunks, NBA Top Shot, Topps MLB, and many others.
CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: [email protected] None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.