Axie Infinity’s Play-To-Earn ‘Smooth Love Potion’ Gaming Has Changed Lives And Lifted People Out Of Poverty?

Axie Infinity is a play-to-earn game in which users may purchase, breed, and pit Pokémon-type characters—known as Axies—against one another in an attempt to win in-game currency, known as silky love potions (SLP).

These potions can then be swapped for actual money at a later date. Play-to-earn is a business concept in which users are paid with bitcoin in return for participating in a game.

READ MORE: Fix Its Ailing Play-to-Earn NFT Economy?

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Each Axie is a non-fungible token (NFT), which means that it cannot be purchased or sold. To begin combat, players must have at least three axes, with the lowest costing roughly $200.

In 2020, the most valuable monster was sold for 300 Ethereum, which was valued at more than $130,000 at the time. Before you sneer at the amusing-sounding titles, you should know that Axie Infinity NFTs have surpassed $4 billion in total sales, as play-to-earn cryptocurrency games continue to gain in popularity.

Alexis Ohanian, cofounder of Reddit and an investor in Axie Infinity, predicts that in five years, play-to-earn games will account for 90% of the gaming market. Wayne Hu, who formerly worked as the head of YouTube advertising monetization and is now a partner at venture capital firm SignalFire, served as my Sherpa, helping me through this metaverse. Hu stated that the metaverse already has a large number of individuals who are employed in many fields. He pointed out that Axie Infinity has seen a surge in popularity in the Philippines. Gamers are compensated with tokens, which are subsequently transmitted to a digital wallet, where they may be later exchanged for cryptocurrencies. Players may withdraw their in-game currency and use it to make purchases in the real world. Young individuals in the Philippines and other developing countries can make tens of thousands of dollars every month, compared to the United States.

This is a life-altering sum of money for the player and their family. According to Hu, there are people all around the world who have been pulled out of poverty by taking up jobs in the metaverse. Axie Infinity is surrounded by a thriving eco-system. This includes players, who consider it as a potentially lucrative career, bankers who finance players, community managers who recruit players, trainers and teachers who onboard new players, and landlords who own property. As the cost of participating rises at an alarming rate, athletes must be provided with financial assistance through “scholarships” established with wealthy management. The bankers either provide their monsters or just speculate on games by lending a squad of Axie monsters in return for a percentage of their SLP revenue. Hu thinks that there are around 2.5 million daily active users on Axie Infinity, with 40–50 percent of them residing in the Philippines.

Axie Infinity and other play-to-earn games powered by NFT are their own ecosystems where people can meet, work, and play games.The economy of Axie Infinity is focused on new user growth since every new user that joins needs to purchase three axes, which is the money that goes into the Axie economy. This paradigm has the potential to be extremely hazardous. If the game’s popularity dwindles or if the stakes become unreasonably high, players will go to alternative play-to-earn games that are more reasonably priced.In the conventional video gaming business, only professional players were able to make a career from playing video games. However, the incorporation of blockchain technology and non-fungible tokens into video gaming has enabled players to earn money not just by defeating other players but also by creating characters, lending assets to other players, and even renting out property inside the game.

Axie Infinity is one of the most well-known blockchain games, including a P2E (Play to Earn) business model. Axie Infinity is a blockchain-based game that gives players complete ownership of the in-game goods they earn. Sky Mavis, a Vietnamese game business, developed it in 2018. It is a pretty varied gameplay that allows users to collect a range of digital creatures known as Axies. They are nurtured, reproduced, and finally fought against one another in the Axie environment. Before you begin playing the game, you need to be familiar with the two game tokens: the Axie Infinity Shard (AXS) and the Small Love Potion (SLP) (SLP). Small Love Potion (SLP): This is the token you receive as a prize for each battle you win. You may use it to breed Axie animals, which you can then sell or auction on the Axie Infinity Marketplace. The Axie Infinity Shard (AXS) is an ERC-20 utility token that is given to the top players over all 19 seasons of the game.

Holders of AXS are entitled to vote. They may use their AXS to win rewards and get access to additional in-game features by staking them. You may also invest in the AXS token using a cryptocurrency investment app. Lunacia is the name of the Axie Infinity Universe, which is comprised of a 301*301 grid. The land is divided into plots, which are represented by each square, and non-fungible tokens, or NFTs, are issued to represent these plots. Players will be able to purchase, lease, and develop this land. Lunacia is divided by four distinct types of land: Savannah, Forest, Arctic, and Mystic. To begin playing the game, you must first purchase three axes from the Axie Marketplace. Each axie has a distinct set of qualities that influence their fighting role. Before acquiring any axes, you should be familiar with the fighting mechanics and the principles of each axe:

The Axie fighting system is a turn-based card game in which your team of three Axies must remove all of their opponents in order to win. Each turn, a player must choose his or her cards wisely in order to enhance their chances of winning. Axies are split into nine categories: reptiles, plants, dusk, aquatic, birds, dawn, animals, and bugs. When it comes to competing with other classes, each class has its own set of advantages and disadvantages. When assessing damage, the attacking move’s card class is compared against the defender’s axie class. The six physical components of an axe are its eyes, ears, horn, mouth, back, and tail. Each body portion contributes data based on the class the body part belongs to.

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