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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 Vietnam-based company Sky Mavis. It is with the new wave of non-fungible tokens (NFT) that the game takes on a new dimension. The game still uses the ingredients that have proven themselves on CryptoKitties. This remains a game where you can collect NFTs.

Of course, Axie Infinity did not just copy the CryptoKitties model, but also brought new features. Built on Ethereum, Axie Infinity is a game that has a 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 be able to own NFTs on the platform, you will need to hold AXS tokens. You can buy them, trade them and earn them by playing on the platform. It is this last point that frequently attracts new users. It is by doing crypto trading that players mainly make money on Axie Infinity. Moreover, with AXS tokens, you have the right to participate and vote in major decisions in the game.

It is also with AXS tokens that you can buy collectibles which are the characters of the game. The characters of the game are represented in the format of a token non-fungible (NFT) precisely.

We can therefore collect them and buy and resell them on NFT marketplaces 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, sure, but you can also have playing fields. The terrain functionality is not yet available at the time of writing this article. The world plots are represented this time in the form of ERC-721 tokens, which is also an NFT. In fact, more precisely the ERC-721 standard was developed with the aim of creating interchangeable tokens but which retain the particularity of being unique.

The three different game modes

There are 3 different game modes on Axie Infinity.

Adventure mode : There, the player has to fight monsters in the game environment, and he can earn useful treasures to improve and expand his Asian army.

Arena mode: This is the mode where a player faces not the game but another real player. There are tournaments where players compete directly against each other. There are interesting prizes to be won of course. When you win, you collect SLP (Small Love Potion) tokens. These tokens are used to feed your Axies characters. Of course, behind this magic potion there are ERC-20 tokens. These tokens are listed on exchange platforms like Binance, for example. It is also with these tokens that players earn money because the price fluctuates significantly.

Breeding mode: It's a game mode where you are the breeder of Axie characters and you make it a full-fledged activity. Your role will be to combine good characters together to produce promising offspring…And therefore expensive ones. It is with the sale of your future warriors that you earn money.

What are the fees on Axie Infinity?

The big problem with Ethereum is very often the price. You may know this if you use the most famous DeFi protocols like Uniswap For example. This is really an annoying flaw because each transaction is expensive. Very often 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 characters or resell them. Others primarily trade on binance for example, by buying/selling for example.

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 like Trust Wallet for example and even on physical wallets like Ledger Nano

How to start playing on Axie Infinity

You can download the app via the official website by Axie Infinity. There are Android and iOS versions.

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.

This is why in order to win the game, it would be wise to take better Axies, if your budget allows it. Moreover, you can buy 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 (simple way):