What is Axie Infinity?

Sky Mavis, a Vietnam-based startup, developed Axie Infinity, a blockchain-based, Play-to-Earn game. This game project aims to alter the dynamics of the present gaming business. Most gamers in the gaming business are wasting their time since they receive nothing in return.

Only professionals can compete in gaming contests that pay for their abilities. It can take years to turn into a professional in several games.

Similarly, game producers must share their profits with the third-party platforms where their games are published. In most situations, these third-party platforms take 50% of the revenue generated by the developers. The developers have full control of their earnings in blockchain-based gaming.

As a result, they can use a piece of their revenue to reward players who spend time on their gaming platform. Axie Infinity uses this technique to provide incentives to game players.

What Is Axie Infinity?

Axie Infinity is a digital pet community where members can purchase various Axies. Users can then employ these Axies in combat or breed them with others. 

Despite the game’s 18+ rating, there is no explicit age verification mechanism. As a result, everyone can play this game. The game is very popular among children due to its Pokemon-inspired look. However, because money is involved, parents must resist giving their children access.

How Does Axie Infinity Work?

Axie Infinity is built on the Ethereum smart chain. As a result, users must purchase three Axies with Ethereum Tokens. Three axies cost roughly $1,500 on average. Users must transfer their tokens to Ronin Wallet, a wallet created by Sky Mavis. They can then use this wallet to purchase axies from Axie infinite.

What Are Axies?

An axie is a gaming character found in the shape of a non-fungible token (NFT). When people purchase an axie from the marketplace, they acquire ownership rights to it. They can then utilize these axies to fight in fights or sell them on the marketplace. They can also boost the worth of their axies by breeding them with axies from other platforms.

Axie Infinity tokens

Users can use their axies for combat, breeding, exploring, and other activities. They can earn Axie Infinity tokens by doing these tasks.

SLP Token

The most popular component of this gaming project is SLP (Smooth Love Potion), which users receive as a bonus when they win combat. They can then trade the SLP token on Katana, Axie Infinity’s decentralized exchange, or use it for breeding Axie pets and selling them on the Marketplace. The SLP token has an infinite supply, which is an issue. As a result, its price has been steadily falling since its initial listing on several exchanges.

AXS Token

AXS is an ERC-20 token awarded to players who have excelled during the game’s 19 seasons. In the Axie Infinity Marketplace, users may exchange their SLP tokens for AXS tokens or trade their axies for AXS tokens. AXS token holders can stake the tokens to win additional incentives.

They also have governance privileges on the axie infinite platform. AXS tokens, unlike SLP, have a finite supply of 270 million tokens. As a result, they have a higher value on the platform.

Axie Infinity land

Lunacia is a virtual realm in Axie Infinity. It comprises virtual plots of land you can acquire via the Axie Infinity Marketplace. Within the game, people can rent or develop these plots of land.

This section of the videogame is currently under construction. However, investors are already planning to purchase these plots of land.

Managers and Scholars Scheme

The creators have established the managers and scholars system for users who want to participate in the game but do not have enough money to purchase the axies. Users with a significant number of Axies (the Managers) can lend them to users (the Scholars) who cannot afford to buy them via this arrangement.

Using these axies, the scholars then engage in a game to acquire SLP and AXS tokens. Based on the parameters agreed upon when borrowing axies, managers can take a 10-60% cut from their earnings. Managers and academics can also create a guild with other participants. As a result, they can take part in larger undertakings.

How to Start With Axie Infinity and How to Earn from It?

Users must first register an account on Metamask and then link it to Ronin Wallet. They can acquire Axies from the Axie Infinity marketplace after transferring the Ethereum tokens to the Ronin Wallet. When acquiring an axie, it is critical to consider HP (Health Points), Skill, Speed, and Morale. Customers can install the Axie Infinity video game on their smartphone from Google Play or the App Store.

Axie Infinity gameplay

Users can select to engage in Adventure or Arena Mode from the home screen. In the adventure mode, players must combat enemies dispersed across 36 levels known as Ruins. Users can earn up to 50 SLP tokens daily by completing this job.

In this game, farming is a common way to gain SLP. Users can earn up to 25 SLP by winning 5 Arena Mode matches and 10 Adventure Mode battles. After completing these challenges, users can collect their SLP tokens from the Quests area. Gamers compete against other users on the platform in Arena Mode. And incentives are based on the participants’ MMR (Matchmaking rating).

How to Breed Axies?

Each axie can be bred seven times, with the Axie platform charging SLP and AXS tokens for the privilege. To begin the breeding process, users must go to Axie.tech. The charge for breeding increases with the number of times the axie has been bred. However, the axie’s worth can improve after breeding.

Conclusion

Axie Infinity is similar to other digital games that consumers can access through smartphones. The main distinction is that because it is a blockchain-based game, it provides prizes for time spent on its platform. Users can obtain these gifts by winning battles and breeding their axies. We’ve provided extensive instructions on how to make money using Axie Infinity. Don’t hesitate to contact us if you have further questions about this blockchain-based game.