INFINITY AND BEYOND What is Axie Infinity and how to make money in the play-to-earn cryptocurrency game?

In the current market, where non-fungible tokens are being used in novel applications on a daily basis, online gaming is a sector that has established a strong reputation for using them in the proper manner.

Games such as Axie Infinity, which falls under the genre of play-to-earn games, have been among the most popular games based on blockchain technology in recent years. In fact, several players have stated that their revenue from the game is their only source of income.

READ MORE: How to play Axie Infinity on Android and iPhone?

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If you are new to Axie Infinity and are looking for a way to make money from gaming, this blog can provide you with information on both making money through the game and earning money from the i-game marketplace.

Axie Infinity is a video game with a narrative that appears to be based on the popular Pokemon series that is powered by the Ethereum blockchain. Out of all the games built on Ethereum, this one has the highest number of active users. Despite its stated goal of becoming a decentralized game, Axie Infinity is currently regulated by the company that created it, Sky Mavis, and the developers have said that decentralization will come shortly.

Axie Infinity is a premium game that is a part of the new wave of cryptocurrency and non-fungible tokens (NFT)-based games. In addition to providing hours of amusement, Axie Infinity also provides opportunities to earn money through various means, such as selling SLP (smooth love potions), breeding rare axes, and AXS staking. Axie Infinity is meant for users who are at least 18 years old. People under the age of 18 are not authorized to use or register for the site, the app, or the smart contracts. Disclaimer: Cryptocurrency and blockchain games include real-world financial investments at the risk of the user. This content is being supplied only for informative reasons.

Pro Game Guides does not intend for it to be used as investing, tax, legal, financial, or other types of advice. The most prevalent way to get money in the Axie Infinity world is to cultivate and sell an in-game item known as Smooth Love Potions. SLP has a high demand in the market since it is one of the ingredients essential for breeding axies. You may cultivate SLP in three distinct ways. As of Oct. 14, 2021, a single SLP is selling for around $0.073 on the NFT market. This means you could sell 100 SLP for 7.3 cents. As a result, we may conclude that spending a few hours each day playing Axie Infinity has the potential to generate income. The breeding process of Axie Infinity is one of the game’s most distinguishing features. You may breed any two grown magical creatures known as “Axies” together to produce children in the game.

The new baby, Axie, will have all the characteristics of both of its parents. If you manage to breed an excellent Axie with distinct and exceptional characteristics, you may be able to sell it on the market for around $200. At that point, an axe by the name of Angel—a triple mystic axe—was sold for $130,000 in late 2020.When participating in the Vietnamese NFT-based game, users purchase NFTs of monsters, who then battle against one another to win in-game currency that can be converted into real money. Players who are just getting started should be aware of the importance of the digital assets included in the game known as “Small Love Portions.” It enables users to compile a collection of “Axies,” which gamers can then utilize throughout the company’s entire portfolio of games.

The startup employs blockchain technology to compensate gamers for their participation in games. Technically, though, the play-to-earn gaming paradigm, which pays players with bitcoin in exchange for their participation, is not free. Depending on the Axie Infinity world, gamers might be required to pay $1,000 or more in order to begin making money. Beginners are required to have three “Axies,” which are available for purchase on the game’s marketplace dashboard, in order to participate in the popular play-to-earn gaming platform. Participants may then earn bitcoin by selling potions, breeding rare axies, and engaging in a variety of gaming activities. In an interview with the newspaper The Sun, Jawad Ashraf, CEO of Terra Virtua, a start-up that is establishing its own metaverse and driving play-to-earn gaming, said: “It is conceivable to make a career by playing play-to-earn games and earning in-game prizes.”

Axie Infinity has a devoted following, particularly in areas where huge segments of the population are “unbanked.” There are few employment opportunities in these areas, and they may earn more money by playing play-to-earn games than they can by working in regular jobs. Ether, the second-largest cryptocurrency in terms of market capitalization after Bitcoin, introduces decentralization to a broader range of industries than just banking. Despite the fact that decentralized games aren’t as popular as financial applications on Ethereum, the community is rapidly expanding.

An excellent example of an Ethereum project that combines money with gaming to create a play-to-earn environment is Axie Infinity, which is now the most popular game on the platform. Play-to-earn refers to precisely what you might expect it to refer to. By simply playing Axie Infinity, you may earn bitcoin without doing anything else. This situation appears to be fantastic on the surface, and it certainly has the potential to be so, but it is not free to play and it comes with a significant amount of risk. Many investors consider it to be more of an investment with a built-in game than anything else. Axie Infinity, on the other hand, is not decentralized in any significant sense at the time of this writing.

In order to allow consumers to have more power over the platform, Sky Mavis, the game company behind Axie Infinity, aims to cede authority over it. The roadmap for the platform outlines the creation of a decentralized autonomous organization (DAO) that will make decisions on changes to significant areas of the ecosystem as they occur. According to the company, Sky Mavis intends to implement AXS staking, where stakeholders can participate in small governance choices proposed by the development team. Currently, the plan indicates that the DAO itself will not be established until late 2023. Until then, Sky Mavis will be in charge of the majority, if not all, of the critical choices affecting Axie Infinity.

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