5 ways to earn money with Axie Infinity?

Ethereum, the second-largest cryptocurrency in terms of market capitalization, introduces decentralization to more than just the financial sector.

On Ethereum, decentralized games are not as popular as financial platforms, but the community is expanding rapidly. Axie Infinity is the most successful example of a project built on Ethereum that combines aspects of gaming and economics in order to produce a play-to-earn environment.

READ MORE: Money with an NFT Marketplace Like Axie Infinity?

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What you believe it implies when someone says “play to earn” is absolutely right. Simply by playing Axie Infinity, you may win bitcoin rewards. On the surface, it appears to be a great scenario, and it very well may be. Nevertheless, participation is not free, and there are a lot of hazards involved.

The majority of investors view it more as an investment that comes with an integrated game. At the time of this writing, Axie Infinity does not even come close to being decentralized in any significant sense. Axie Infinity was developed by the gaming company Sky Mavis, which has said that it intends to hand over management of the platform to its players in the near future.

The plan for the platform outlines the creation of a decentralized autonomous organization, or DAO, which would make decisions about important modifications to the ecosystem. In the not-too-distant future, according to Sky Mavis, it plans to implement AXS staking, a system in which stakeholders have the ability to participate in the formation of minor governance choices. The creation of the DAO itself is not scheduled to take place until the latter half of 2023, as indicated by the roadmap. Sky Mavis will be in charge of making the majority of the critical choices for Axie Infinity until that time comes.

At the current exchange rate, Axie Infinity has more active users than any other game on Ethereum, and it has produced an incredible 13,000 ether (which is equivalent to over $34 million at the current exchange rate) in income. The original Pokemon video game series was a major influence on the design of this game. Axies are the non-fungible tokens (NFTs) that serve as the game’s primary focus, as opposed to Pokemon. Axies are one of the few forms of non-fungible tokens (NFTs) that may actually generate profits beyond the scope of straightforward price speculation. Create the ideal squad to compete against other players for cryptos by combining different species of these monsters in a free-for-all warfare mode. They are also capable of being bred, which can result in the production of progeny that can be added to your squad or sold on the market. Small Love Potion (SLP) and Axie Infinity Shard are the two native tokens that the ecosystem relies on to function (AXS).

At some point in the future, AXS will take on the role of governance token for Axie Infinity, but, as of right now, it has very little use outside the process of breeding Axies. SLP is also required for breeding axies, and Sky Mavis has even fewer ambitions to enhance the utility of that token than she did before. Players may earn SLP by pitting their axes against those of other players or against those controlled by the game’s AI. When you first start playing, you won’t receive a lot of SLP for your efforts, but those rewards will gradually rise as you play more games and take on more difficult opponents. The actual game is not particularly complex, and it does not appear to be the primary draw of the Axie Infinity environment. In the game, there are a few different paths you may choose to generate money for your character.

Sadly, with the exception of one of these strategies, you’ll have to front significant funds right from the start. Simply playing the game is the most cost-effective strategy to build up a financial reserve in the game. You need at least three Axies to join the game and start collecting SLP and AXS tokens.You’ve heard the news: tens of thousands of gamers are making large amounts of money while just playing Axie Infinity, a Pokemon-inspired blockchain game in which you nurture adorable digital creatures called Axies and have them compete against other players. It has been said that Axie Infinity serves as the primary source of revenue for certain players, and it is true that the game brings in a lot of money for such players in the form of dollars and pesos. The vast majority of readers who are not familiar with Axie Infinity and gaming on blockchain may be perplexed as to how a game could possibly offer such a high prospective income rate.

The fact that there are a number of different avenues via which one may make money from playing Axie Infinity and that each of these avenues can be both successful and enjoyable is one of the game’s most impressive features. Blockchain games such as Axie Infinity make use of blockchain technology to decentralize the ownership of the game, allowing each player to control a small portion of the game. Blockchain technology is also used in games such as CryptoKitties. This implies that the in-game objects you earn will no longer be mere pixels on the screen but will instead have a real-world value linked to them. These games each run their own blockchain economy, which is comprised of the players. Some of these games leverage pre-existing networks like Ethereum, while others create their own coins and utilise those.

You will then be able to purchase and sell products, as well as exchange them, within the game’s marketplace, just like you would in a real-life market. You may turn the virtual currency you earn through playing the game and making deals on the market into money that can be spent in the real world. Playing the game itself is where the vast majority of new players will get their feet wet in terms of earning points. You will earn the in-game token known as Smooth Love Potion as you progress through the gameplay by engaging in fights and completing tasks (SLP). As a result of the necessity of utilizing them throughout the Axie breeding process, these SLPs are a precious resource that is in great demand.

After gaining SLPs, you will be able to sell or trade them on the Axie Marketplace at your own discretion. At the time that this article was written, the price of a single SLP was $0.074 (about 3.8 Philippine pesos). In Adventure Mode, the quantity of SLP you receive as a reward is determined by the level you are currently playing; higher levels grant greater quantities of SLP than lower levels do. At the moment, the limit on how much SLP you may earn in Adventure Mode each day is set at 50. In addition, the amount of SLP you receive from Arena Mode depends on the arena bracket you are a part of. If you are a beginning or advanced player, you have the potential to earn anything from 1 to 21 SLP for every combat that you win.

If you’re just starting out and have 20 energy, this indicates that you have the potential to earn up to 300 SLPs every day—or even more if you go farther. Depending on the Axie team, the player’s energy level, and the player’s level of ability, a new player can earn anywhere from 75 to more than 300 SLPs in a single day. Every day, players earn between 150 and 200 SLP on average, and this amount can only grow as players progress through the game and become more proficient. That comes out to anywhere between Php300 and Php1,200 or more each day when translated to the local currency.

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