Axie Infinity: Can I Make Money Playing video games?

Axie Infinity

Axie Infinity: Can I Make Money Playing video games?

Yes. The play-to-earn (P2E) business model is new to the gaming industry, and it rewards players who bring value to the game’s world or ecosystem in certain ways. Players may sell their account credentials or game assets such as characters or stuff in some situations.

Top players can also make money by streaming, sponsoring, and advertising their products.

What Is Axie Infinity All About?

If you closed your eyes and woke up on July 6, 2016, the price of bitcoin was trading between $670 and $681, the iPhone SE was the newest phone in town, and Pokémon GO, the soon-to-be-craze, had just been released.

For many people, this seems like a long time ago. It’s incredible to consider how much technology has progressed in just six years.

The notion to integrate features of the crypto realm with online gaming would come to life in the ideas of the employees at Vietnamese company Sky Mavis around a year later, in December 2017. In the next post, we’ll look at the online game Axie Infinity, examine what it is, and discuss how it has evolved since its inception in 2017.

What is the definition of a Smooth Love Potion?

A Smooth Love Potion (SLP), originally known as a tiny love potion, is a prize token that may be obtained in particular ways by playing Axie Infinity in battle or adventure mode. To breed Axies, SLP is used in conjunction with AXS tokens.

Axie Infinity

Infinity Universe by Axie

Axie Infinity is an online game universe centered on Axies, which are Pokémon-like creatures. Axies are virtual pets that players may acquire and use to battle, breed, collect, grow, and build kingdoms.

The connection that Axie Infinity has built between traditional online gaming and blockchain sets it apart from other online games. The Ethereum-based game employs a system that allows players to own their virtual assets and rewards those that achieve a high degree of expertise.

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Users must first complete a multistep setup process to connect their digital wallets to their Axie Infinity account, which is outlined in the game’s onboarding guide.

The gamer can interact with the digital marketplace once the accounts have been successfully linked. Three Axies are required to play. The gamer can download the application and begin playing after they have three Axies.

Because the average price paid for an Axie varies based on characteristics such as rarity, experience, attributes, and type, there is a lot of intricacy around the pricing of an Axie.

The cheapest Axies, known as “Floor Axies,” cost roughly $30 as of this writing. Floor Axies are very weak in battle and are unlikely to earn much for their owner. Players should expect to pay a few hundred dollars for a usable team of Axies and upwards of $1,000 for a rare Mystic Axie as of this writing.

Non-Fungible Tokens (NFTs)

Axie Infinity is the industry leader in gaming with non-fungible tokens (NFTs). NFTs represent in-game digital assets such as the Axie animals.
As previously stated, these cryptographically unique tokens convey ownership and allow players to sell Axies for real money on the game’s marketplace.

In the world of NFT projects, Axie Infinity has the third-highest sales of all time. Axie Infinity had $4.17 billion in total NFT sales as of March 2022, trailing OpenSea ($23.21 billion) and LooksRare ($18 billion).

Axie Infinity NFT

Business Model of Play-to-Earn (P2E)

In the gaming industry, the play-to-earn (P2E) business model is new. Its purpose is to reward players that give value to the game’s environment or ecology in specific ways.

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P2E is primarily based on a freemium model, which means that it is free to begin started, but users can pay to unlock additional features, content, or gear, or just to advance faster through the game.

Axie Infinity does not follow the typical free-to-play model because players must start with three Axies, but the company is reportedly planning to release free in-game starter monsters to appeal to new users who aren’t ready to pay the premiums required in the current model, according to decrypt. co.

Although beginner monsters are unlikely to win the player many reward tokens, the change may allow the game to appeal to a wider audience.

What are the top three revenue-generating non-fungible token (NFT) projects?

According to DappRadar.com, OpenSea holds the record for most all-time sales in the non-fungible token (NFT) space, with $23.5 billion. LooksRare came in second with $18.16 billion, and Axie Infinity came in third with $4.17 billion.

In conclusion

The coming together of the crypto universe and online gaming in the shape of Axie Infinity signals a significant transition, not just in the future of online gaming but also in the growing relevance of digital ownership. This is many people’s first experience with blockchain-based games or activities.

While there are still significant issues and unknowns around blockchain-based experiences, the fact that such a project exists is noteworthy, and it is likely to influence future trends.

It will be intriguing to see what the future holds for Axie Infinity, whether it is the development of land-based games on Lunacia or the ongoing breeding of unique Axies.


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