Play to earn games are gradually becoming a trending topic in the Blockchain technology world. This does not come as a surprise because these games, mostly referred to as P2E, enable players to not just have fun but also earn, while at it. Axie Infinity is a good example of one of these games.
Launched in 2018, this game is a Non-Fungible Token (NFT) based online game that was developed by Vietnamese studio, Sky Mavis. It is popularly known for its in-game economy which uses Blockchain-based cryptocurrencies. This game can be played on Android, iPhones, Microsoft Windows and Macintosh devices.
Countries like the Philippines, Venezuela, USA, Indonesia, Thailand and Malaysia have recorded the highest player base of Axie Infinity.
Can you make money on Axie Infinity?
Beyond just a way of having fun, Axie Infinity permits users to earn money via selling SLPs, breeding rare Axies (trade creatures) and AXS staking. SLPs and AXSs are the recognized utility tokens of Axie Infinity which can, in turn, be exchanged for cash or used to breed more Axies.
Players are allowed to cash out their tokens every fourteen days and are allowed to buy virtual lands and other in-game assets as NFTs.
Besides breeding and selling Axies, players can make money on Axie Infinity by farming SLP and selling them for real money, starting your own scholarship, investing in Lunacia Land, trading SLP and AXS
Axie Infinity has become a recognized source of income in countries like Brazil, Venezuela, the Philippines and Vietnam. In fact, with a 40% player base, this game is so popular in the Philippines that the government has made known its intention to tax Axie Infinity players.
What is Axie Infinity?
Axie Infinity is trading and battling game that allows players to collect, breed, raise, battle and trade creatures referred to as “Axies” which are digitized as their own NFTs. It has two utility tokens that can easily be converted to cash, these tokens are: smooth love potions (SLPs) and axie infinity shards (AXS)
Is Axie Infinity legit?
Just like with common business practice where you have to trade with your capital so as to make a profit, Playing Axie Infinity requires that you pay to win which implies that before you can play the game, you must have spent money purchasing Axies with high hopes of making a profit.
Can you play AXIE Infinity without spending money?
For you to be eligible to play Axie Infinity, you need to first buy at least 3 Axies to complete your Starter team. The price per Axie ranges from $300 – $400. This implies that to play Axie Infinity, you need at least $900-$1200, which is the cost of 3 Axies.