Cute Monsters, Crypto, and Profit: How to Play and Earn from Axie Infinity?

Not only has the pandemic had an adverse effect on people’s health, but it has also had other negative consequences. In addition to this, it has had a significant negative impact on the means of subsistence for a great number of Filipinos.

Because of this, a lot of people had no choice but to come up with different ways to make money. Some people have decided to start their own businesses as home bakers and cooks in order to sell tasty treats.

READ MORE: How Much Does It Cost To Start Axie Infinity?

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Others have made the shift to working online in freelance capacities. Axie Infinity has become the go-to destination for those with an adventurous spirit. It would be a significant understatement to say that Axie Infinity already enjoys widespread acceptance in the Philippines.

You may or may not have heard that this game has helped a friend of a friend make tens of thousands of pesos for themselves, but you are aware of this fact in some capacity. The craze has even gotten the attention of some very serious cryptocurrency investors. As a direct consequence of this, a number of them have begun to experiment with playing the game.

You might have some prior knowledge of the game, but you want to acquire more information about it. This guide will teach you how to play Axie Infinity, in case you’ve been curious about the game’s mechanics. Continue reading to gain further insight. Axie Infinity is a game that follows the Play to Earn gameplay model and was developed by the Vietnamese technology company Sky Mavis. That you will be rewarded monetarily for your participation in the game. It is important to keep in mind, however, that the blockchain technology is the glue that holds the game’s concept together.

One game that uses blockchain technology is called Axie Infinity. To begin with, the ownership of a blockchain game is distributed throughout the user base, making it more democratic. This indicates that each participant, regardless of their size, owns a portion of the game they are playing. Because blockchain technology is utilized in Axie Infinity, the in-game items that can be purchased, traded, or sold all have a value that is grounded in the real world. To put it another way, the virtual goods or currency that you purchase or already possess in the game can be exchanged for cash outside of the virtual world. How can you make money in Axie Infinity so that you can get some passive income while you are having fun playing the game?

A large number of players have the potential to increase their financial well-being by participating in this game that pays out for completed tasks. The primary methods of making money in Axie Infinity are outlined below, along with an approximate calculation of how much money you can make from each of them. Axies are adorable virtual pets, and players on Axie Infinity have the opportunity to care for and nurture them. Then, in the same manner as with Pokémon, they are able to use these pets in combat. Axie Infinity has been cited as the primary source of income for some players, who have stated that it is currently their primary source of income. It is possible to make a lot of money in the Axie Infinity world if you know how to get around, and this presents a significant financial opportunity.

The majority of players who are just starting out should begin by cultivating and harvesting SLP. You earn Smooth Love Potion tokens as a reward for taking part in fights and quests as you progress through the game. These tokens are used to purchase in-game items (SLP). Throughout the entirety of the game, SLP is a valuable resource that is in extremely high demand. The reason for this is that in order to breed Axies, you need to have SLP tokens. If you have SLP, you can sell items on the Axie Marketplace to make some extra money.According to Ark Invest analyst Nick Grous, players who lost their jobs due to the pandemic earn money by playing Axie Infinity; forty percent of daily active users are from third-world countries such as the Philippines. Axie Infinity is an online multiplayer video game that has recently gained a lot of traction within the gaming community as well as the cryptocurrency community.

The game includes Pokemon-like creatures known as Axies, and players can trade and exchange the powers of these Axies using non-fungible tokens on player-to-player (P2P) marketplaces. Axie Infinity Shards (AXS) and Smooth Love Potion are the two types of Ethereum tokens that players can acquire through gameplay (SLP). These tokens are traded by investors on cryptocurrency exchanges in order to generate a profit. Over the course of the most recent two months, AXS has provided traders with returns of over 2,000 percent. Following further investigation into AXS, it became abundantly clear that 81 percent of trades in the Axie Infinity market were conducted in the USD Tether (USDT) market. This indicates that traders are trading AXS for stablecoins in order to maintain their profit margins.

However, the rise in the number of users who are active on a daily basis helps to alleviate the selling pressure that is currently being caused by profit-taking on exchanges. Coinbase, a cryptocurrency exchange, recently listed Axie Infinity Shards in response to the increased demand for AXS tokens exhibited by cryptocurrency enthusiasts. The United States-based stock exchange used Twitter to make the announcement. Axie Infinity’s price has increased in the past week as a result of its listing on Coinbase. However, there are additional ways to profit from the cryptocurrency. The player has access to a wide variety of opportunities to make a profit from the game based on the specific strategy that they choose to employ. Players who devote several hours per day to the game can make anywhere from $8 to $40 per day, depending on their axes, the powers they possess, and the incentive they receive while playing the game.

To begin playing, traders must first buy Axies and deposit Ethereum into the Ronin wallet, which is the sidechain of Axie Infinity that is linked to Ethereum. One of the most common strategies involves purchasing two Axies and then breeding them in order to obtain a third. In order to play the game and make a profit that is acceptable, you need three axes. By purchasing additional creatures and providing financial assistance to new players who are unable to afford their axes, players are able to develop a source of passive income. The scholarship provider and the player each take a cut of the profits, and the combined total is what’s considered revenue. Although there are costs that players must pay at every stage of the process, such as purchasing axies (which costs approximately $800), breeding them, and so on.

When a user sells an axie on an NFT marketplace, the user has the potential to earn an average of $270 from the transaction. Traders typically have to play the game for between 50 and 80 days before they recoup their initial investment of $800. After that, they can anticipate earning anywhere from $10 to $15 per day simply by playing the game. A statement was made regarding Axie Infinity by Alexis Ohanian, the founder of the venture capital firm Seven Seven Six. According to data provided by IntoTheBlock, the rise in the number of addresses classified as “total with balance” (meaning they have AXS tokens stored in their wallet) has outpaced the rise in addresses classified as “total zero balance” (which is considered a bearish metric). Therefore, at the current price level, there are significantly more traders who are holding AXS than there are traders who are taking profits. Having the gaming token in one’s possession is a sign that there is potential for growth in the long run.

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