Axie Infinity is a blockchain-based game that revolves around Axies, who are virtual pets. Players may acquire Axie Infinity Shards (AXS), Axie Infinity’s administration token, and Smooth Love Potions (SLP) by fighting in adventure or combat mode. Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) will then be used to breed and raise Axies. Furthermore, game assets may be exchanged on the market. In this article, we will learn more about the game along with how to get infinity in Axie.
What is Axie Infinity?
Axie Infinity is a developing world of games and systems that employ Pokemon-like characters called Axies, according to its own whitepaper. An NFT is a one-of-a-kind digital goods whose trading history can be followed via the blockchain network with proof of payment and ownership, and Axies are NFTs as well because they are user-generated inventions. Each Axie has its own special abilities, and the game is a combination of card-based fighting systems and turn-based battle. Axies, like Pokemon, is divided into a variety of types, with nine distinct varieties in the universe of Axie Infinity.
The player receives SLP (Small Love Potion) at the end of every match, which serves as the game’s achievement reward. Players may then breed their Axies to generate more, and either utilize them in future fights or sell them for profit on the market, using SLPs, which are ERC 20 coins.
The genetic makeup of each Axie determines its distinct talents, and mating Axies leads to the digital offspring acquiring some of their parents’ characteristics. Users may mix and combine different types of Axies by grinding to produce the ones they think will have worth. Around 50% of features in the offspring are passed from its parents, so users can mix it up with different types of Axies to make the ones they think will hold value.
To avoid inflation of the digital animals on the site, each Axie can only be bred seven times. At any one time, players will need at least three Axies in order to engage in battle with other active players or NPC creatures. To begin playing the game, new players must purchase Axies from the market. You should now have a good understanding of how the game’s economics operate and why its underpinnings, which are built on bitcoin networks, may be considered profitable.
How Does Axie Infinity Make Money?
The success of Axie Infinity, like any platform created on top of the blockchain, is determined by the number of individuals who use its resources. According to the creators, the game has so far earned over 13,000 ETH (16 million+ USD) in income, with a continuously expanding player base.
The “play to earn” motto underpins Axies’ business strategy, which implies that each participant is paid for their participation in the game and the broader platform. So, how can gamers make money while playing the game? As stated in the game’s whitepaper, there are several methods for players to interact with and benefit from the platform, including:
- To earn leaderboard rewards, players compete in PVP fights.
- In the marketplace, Axies are raised and sold.
- Mystics and Origins are rare Axies that are gathered and pondered on.
- Uniswap and Binance are two cryptocurrency exchanges where you may buy and trade love potions.
- AXS (Axie Infinity Shards) tokens may be used to purchase digital products and commodities in the Axie Infinity universe.
On the market, players may sell their Axies for ETH, which can subsequently be converted to fiat cash on major exchanges like Binance, CoinDCX, and WazirX.
How to Play Axie Infinity?
Starting with Axie Infinity takes some preparation, which should be straightforward if one is familiar with crypto platforms.
- To begin, players must either establish an Ethereum wallet or utilise an existing wallet to purchase ETH (Binance, Metamask, WazirX).
- On the Axie Infinity market, set up an account.
- If you used Metamask to build your Ethereum wallet, you may use it to log into Axie Infinity directly.
- Install the Ronin wallet browser plugin, which is based on Axie’s creator Sky Mavis’ Ronin side-chain. Google Chrome and Firefox may both be used to install Ronin wallets.
- In the center of the Dashboard, beneath the Activate Ronin Wallet box, select “Attach Ronin to Account.”
- Using the Ronin bridge, send ETH from your primary wallet to Ronin.
- Axies may be purchased through the Axies Infinity marketplace.
How do you get Infinity in Axie Infinity?
Axie Infinity, a Pokémon-style game produced by Vietnamese company Sky Mavis, is the market leader in this new sector. It has about 350,000 daily players, with the Philippines contributing for approximately 40%, Venezuela, and the United States following closely after.
The game centers around Axies, charming fuzzy animals that players may raise, train, employ to fulfill objectives, and combat online. The goal of the game is to collect tiny love potions (SLPs), which can then be used to produce more Axies for usage in the game.
SLPs can be used to buy and sell cryptocurrencies on a cryptocurrency market. Regardless of the fact that the value of SLPs vs the US dollar changes daily, top players are claimed to be earning SLP1,500 (US$435/£317) per day from their Axies. Since 2020, it has been steadily growing, so there is a case for holding on to them – or, conversely, selling while the going is good.
Axies may be exchanged like NFTs in real life on sites like the Axie Marketplace (non-fungible tokens). NFTs are digital collectibles that are stored on online ledgers called blockchains and have recently swept the art market by storm.
Other in-game commodities, such as real estate, bouquets, barrels, and lights, can also be traded for NFTs. All of these items are purchased and sold using Ethereum, the second-largest cryptocurrency after bitcoin.
This is a significant improvement over previous versions of the game, such as World of Warcraft, when the trade of gold and in-game items occurred on unaffiliated auction sites and was punishable by a long ban. Trading in Axie Infinity and related games has become safer because of the introduction of a specialized marketplace, NFTs, and a blockchain. This implies that players truly own the things in question.
To begin playing Axie Infinity, players must purchase (or borrow) three Axies. They start at US$190 (£138), however, the current average is over US$350, with higher-level, uncommon, or magical Axies fetching much more.
Angel, a triple mystical, was perhaps the most costly Axie ever, selling for ETH300 in late 2020, which was approximately US$120,000 at the time. Meanwhile, in 2021, a piece of in-game real estate sold for US$1.5 million. The total volume of trading for all Axie Infinity NFTs is presently $170 million each month.
Moreover, there is a crypto called the Axie Infinity shard that is linked to this game (AXS). AXS investors have a say in how the game’s ecology is run, and they can also utilize it to gain a piece of the community’s wealth. AXS has also witnessed a significant increase in recent weeks, nearly doubling in value. It is the market’s biggest gaming cryptocurrency.
Aside from Axie Infinity, CryptoKitties is yet another play-to-earn game with a large following. In that game, participants use Ethereum to buy, breed and sell digital cats. These cats, once again, are NFTs that create money for both the developers and the player community. The most costly CryptoKitty ever sold was Dragon, which traded for ETH600.
Play-to-earn games not only generate real money for players, but also establish communities where gamers and producers can interact, share knowledge, and make agreements with one another. The Sandbox, a game similar to Minecraft in which users construct objects and trade them as NFTs, is an excellent illustration of this.
This secretive economy is propelled by SAND, its own currency. Selling digital rental properties known as LAND, which players may acquire for their shopfront as a method of sharing experiences with guests to the globe, is one way to earn SAND. The game reported in February that a total of 2,352 LAND plots have been sold for a total of US$2.8 million.
With such high levels of interest, large corporations are seeing the opportunity to profit from this rapidly developing metaverse. The Walking Dead, for instance, will shortly be available to users, allowing players to explore a zombie world within the game in a “virtual amusement park,” as Sandbox defines it. These kinds of brands are likely to attract a broader audience to the platform.
These kinds of games appear to be here to stay once they are available. Many games have successfully maintained online communities in history, but by adding the opportunity to earn money, play-to-earn games have the potential to become even more popular in the future. If you’re new to this area of gaming, now is the time to start paying attention.
Axie Infinity is based on the Ethereum blockchain, and while it isn’t the first game to use this technology, it is by far the most popular and fastest-growing. The video game had 38,000 daily visitors in April 2021, but just 6 months later, the firm had over 2 million daily users and rising.
The game’s success may offer Axie Infinity an edge against other crypto-based games that are expected to emerge. More significantly, many players have invested not only their time and effort, but also some of their own money in order to acquire Axies, the game’s monsters. With money on the line, gamers may be hesitant to get into a new crypto game.
Axie Infinity is Well Funded
Axie Infinity may potentially appeal to crypto investors because of the company’s track record of raising funds.
The firm secured $7.5 million in its Series A fundraising round in May 2021, with notable investors including Mark Cuban and Reddit co-founder Alexis Ohan.
Andreessen Horowitz, a Silicon Valley venture capitalist, spearheaded the company’s Series B fundraising round, which closed earlier this month and raised a whopping $152 million. Sky Mavis is now valued at over $3 billion following the current round of funding.
Sky Mavis, like any other tiny, fast-growing start-up, needs capital to continue expanding, and the company’s recent injection indicates that it will be able to keep up with its expansion ambitions.
Axie Infinity Huge NFT Sales
Axie Infinity has developed the second-largest market for NFTs, which are unique digital depictions of ownership of films, music, art, and gaming characters. This is one of the most significant features of the firm for investors.
Players in Axie Infinity may buy, sell, acquire, trade, and reproduce their Axie animals, resulting in a thriving market for these digital treasures. Axie Infinity has sold more than $2.5 billion worth of NFTs so far.
As per Dappradar, this is a startling number, accounting for roughly the same amount of sales as the next 2 NFT markets combined.
It’s impossible to predict how big the NFT market will grow or where it will go. After all, NFTs were not even invented a few years ago. However, Axie Infinity’s early success demonstrates that there is a lot of money to be gained from digital collectibles, and none are valued more at the moment than Axie Infinity’s NFTs.
Key Points to Remember before Investing
Although Axie Infinity is a fascinating cryptocurrency option, investors should bear in mind that investing in any coin at this time is fraught with risk.
Valuations are notoriously volatile, often rising and falling on little or no news. AXS tokens have seen massive price fluctuations in the past and are likely to do so again in the future.
Axie Infinity’s token may also be vulnerable if demand in purchasing and selling the company’s Axie NFTs declines. Investors may lose interest in the firm’s AXS coins if collectors move their focus to other NFTs.
Axie Infinity Coin Price Prediction
According to forecasts, it may hit a new all-time peak in 2021 if consumers continue to invest alongside major cryptocurrencies such as Bitcoin and Ethereum. The Axie Infinity price is now trading at $69.61, according to major crypto experts, with a 24-hour trading activity of $417,784,345. However, the price of AXS has dropped 7.79 percent in the previous 24 hours. The current floating supply of AXS is 60,907,500. Huobi Global, Binance, OKEx, FTX, and Tokocrypto are the major cryptocurrency platforms for AXS.
How to play Axie Infinity?
Axie Infinity is a trading and combat game created by Sky Mavis in 2018, in which players gather, breed, grow, trade, and battle token-based monsters known as ‘Axies.’ In this game, players must gather rare Axies and use SLP to breed them. Axie Infinity users gain additional resources by engaging in PVP fights held in the game’s quest mode.
To begin the game, participants must first download the Ronin wallet and Ronin gateway. Metamask, a web3 ETH wallet, is needed to interface to the game. Users must have at least 3 Axies sold on the Axie market to start the game and become a member of the cryptocurrency world.
Will AXIE Infinity be around indefinitely?
Due to the need to onboard fresh players at an accelerating rate in order to maintain the play-to-earn model sustainable, Axie Infinity will not endure.
The AXS could be on the verge of a bullish surge in the next few days, which could push the cryptocurrency over its resistance line and above its all-time highs. The markets have preferred the Axie Infinity, and if this trend continues, other cryptos may find it difficult to compete. However, Axie’s main focus is on keeping investors satisfied with the returns since if they begin pulling out, the market might fall.