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Axie Infinity How do players make money with this game?

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7 min read

I'm not telling you anything if I tell you that some people make their living playing video games. I'm not necessarily talking to you about Twitch or E-sport tournaments. No, I'm talking to you about a new phenomenon which has become even more profitable with games on the blockchain (because yes, we have been able to earn money from video game items for years). It's more and more popular, especially in Asia, and it has even become a profession in itself, or almost.

Apparently, it is especially among Filipino players that the concept of "Play to Earn" has taken off.

And now, in addition to major e-sport tournaments, platforms like Youtube or Twitch, there are also players who earn tidy sums of money by playing games.

Today we decided to tell you about one of the games that is all the rage, Axie Infinity.

The concept? Raise virtual animals! We are slightly leaving the field of yield agriculture to move directly to that of breeding virtual animals into future warriors, in fact.

When people talk about raising virtual pets, you think of Cryptokitties, right? Well, you're not wrong. And, if you think of Pokémon when you hear about training an army of warriors, you're right too.

Of course, Axie Infinity did not just copy the CryptoKitties model, but also brought new features.

Okay, do you want to know more?

Read on if you're interested in gaming in general and making money at the same time. Who knows? Maybe it will inspire you or give rise to new ambitions in you.

Presentation of the Axie Infinity game

Axie Infinity was launched in 2018 by the Vietnam-based company Sky Mavis. It's with the new wave of non-fungible tokens (NFTs) that the game has gained new momentum. The game has nevertheless retained the elements that proved successful with CryptoKitties. It remains a game where you can collect NFTs.

Of course, Axie Infinity didn't just copy CryptoKitties' model, but brought new features to the table. Built on Ethereum, Axie Infinity is a game with its own native ERC-20 token called the Axie Infinity Shard (AXS).

As we can see, the AXS token has suddenly gained a lot of value, following the general craze for NFTs and record sales in the industry.

What can be done with AXS tokens?

To own NFTs on the platform, you'll need AXS tokens. These can be bought, traded, and earned by playing on the platform. In fact, it's this last point that frequently attracts new users. Cryptocurrency trading is the primary way players earn money on Axie Infinity. Furthermore, with AXS tokens, you have the right to participate in and vote on major game decisions.

AXS tokens are also used to purchase collectibles such as the game's characters. These characters are represented as non-fungible tokens (NFTs).

Therefore, they can be collected, bought, and resold on NFT marketplaces such as OpenSea, for example.

What are the rules of the game of Axie Infinity

It's a very complete game with a lot of features and elements, as you will quickly see.

First, you should know that the characters in the game are called "Axies". They are represented by non-fungible tokens (NFTs) because each character is unique. When you own an NFT, you then own the player and can control them.

You can store your NFTs in your personal Ethereum wallet and you can send them to other Ethereum addresses, of course. You can also exchange your characters for others with other players on the platform.

You can have characters, of course, but you can also have game worlds. The game world feature isn't available yet at the time of writing. These world plots are represented this time in the form of ERC-721 tokens, which is also an NFT. In fact, the ERC-721 standard was developed with the goal of creating interchangeable tokens that still retain their uniqueness.

The three different game modes

There are 3 different game modes on Axie Infinity.

Adventure mode : Here, the player must fight monsters in the game environment, and can win useful treasures to improve and expand their Asian army.

Arena Mode: This is the mode where a player faces off against another real player, not the game. There are tournaments where players compete directly against each other. There are, of course, some attractive prizes to be won. When you win, you receive SLP (Small Love Potion) tokens. These tokens are used to feed your Axies characters. Naturally, behind this magic potion are ERC-20 tokens. These tokens are listed on exchanges like Binance, for example. Players also earn money with these tokens, as their value fluctuates significantly.

Breeding Mode: This game mode puts you in the role of an Axie character breeder, making it your full-time job. Your task is to pair good characters together to produce promising offspring… which, of course, come at a high price. You earn money by selling your future warriors.

What are the fees on Axie Infinity?

The biggest problem with Ethereum is very often the price. You might know this if you use the most popular DeFi protocols like Uniswap, for example. It's a really annoying drawback because every transaction is expensive. Very often, the transaction fees are even higher than the transaction itself!

To solve this problem, the Axie Infinity game uses the Ronin Ethereum sidechain to reduce gas costs in particular.

This is also why the game is interesting and profitable for players.

What is the Axie Infinity Shard (AXS) token?

The AXS token (Axie Infinity Shard) was created after the launch of the Axie Infinity game. It is even very recent. Moreover, the token can also be used in staking so that players can earn interest on it. That said, staking is not yet available at the moment. It's a constantly evolving game as you see and the community offers many features.

The total supply of AXS will be 270 in total according to the founders. The number of tokens in circulation is expected to increase every year until the year 000. This is what puts the token at risk of exploding from then on. The distribution of tokens was thought of like this: A part was allocated for public sale, another for the development of the game itself and a part for the players. The initial bid at the first public sale was just under 000.

How does use AXS token

The Axie Infinity game is therefore gaining more and more players, particularly due to the increase in its token and the popularity for this type of game in general. Likewise, the craze for NFTs also contributed to this increase.

Some players use AXS tokens to buy or resell characters. Others mainly trade on platforms like Binance , buying and selling tokens.

Here are the platforms on which the AXS token is most traded:

Since AXS is an ERC-20 token, it can be stored in any ERC-20 compatible wallet such as Trust Wallet for example and even on hardware wallets like Ledger Nano X.

How to start playing on Axie Infinity

You can download the app from the official Axie Infinity website. Android and iOS versions are available.

To start playing, you will need to have 3 Axies to form your team. So, this is the first thing you need to do to play: buy an Axie on the marketplace. Each Axie has different prices depending on its characteristics (which evolves with the market).

As you can see, the cheapest Axie currently is 0,069 ETH (around $120). Of course, the cheapest Axies are because they don't perform very well in fights.

Therefore, to improve your chances of winning the game, it would be wise to invest in better Axies, if your budget allows. Furthermore, you can purchase them on secondary NFT marketplaces like OpenSea.

For those who do not have the financial means, Axie Infinity has launched scholarships for interested players who do not have the means. Moreover, reputable organizations often offer accessible exchanges like MakerDao or Cyber Network.

Final word on the game Axie Infinity

For those who like video games, it must be said that blockchain makes the environment even more interesting, with more possibilities. Likewise, the fact that players can earn money and have fun at the same time is a perfect combination.

With the current statistics of the growing number of players, we can think that this will be a very important game in the world of gaming.

To buy cryptocurrencies (in a simple way) :