It is not news that Axie Infinity has taken the gaming world by storm, drawing in players from all parts of the globe with its unique blend of breeding, battles, collectibles, and strategy. Axie Infinity has created a thriving in-game economy that allows players to earn money while playing. Axies are Non-Fungible-Tokens (NFTs), unique digital assets that are used to certify ownership and authenticity. Players invest in these metaverse games and recover tokens from their investments as a reward.
Axie Infinity is one of the most popular metaverse games, averaging over 400,000 players monthly. This play-to-earn game allows players to earn ASX (Axie Infinity Shard) tokens by playing and easily make money in the metaverse. Across the world, many players have made money from Axie Infinity, which is one of the reasons why it is so popular. From underdeveloped regions to developed parts of the world, everyone can earn money from playing Axie Infinity.
This article looks at Axie Infinity as a web3 play-to-earn gaming platform and how players can earn money by playing the metaverse game. We also look at other ways to make money on Axie Infinity. If this is your first time learning about Axie Infinity, then you should read this guide to the end. Let’s dive in!
What is Axie Infinity?
Axie Infinity is an online gaming platform built on the Ethereum network. Trung Nguyen, the CEO of Sky Mavis, founded it in March 2018. He wanted to create an exciting and educational way of introducing the world to blockchain technology. Many of the original team members met playing Cryptokitties, and it was their first time using blockchain for non-trading activities. Axie Infinity uses blockchain to reward players through tokens, and as a result, it has gained popularity in many nations worldwide.
The game is a virtual environment where players nurture, battle, and collect Pokemon-inspired characters called axies. They can trade their earnings with other players in an open marketplace. Players own different kinds of axies and would pit them against each other in a battle to earn money.
There are two native tokens available for players to earn. These are Smooth Love Potions (SLP) and Axie Infinity Shard (AXS). SLP is the in-game digital currency that allows players to breed Axies, buy actual items, and sell them at crypto exchanges. AXS is the governance token of Axie Infinity. This means that players who hold this token have a say in the direction of the game’s development and experiences, such as support for updates and so on.
How does Axie Infinity work?
Axie Infinity is about collecting, breeding, battling, and raising cute, intelligent characters called Axies. To start the game, each player is required to buy three axies. All the monsters are Non-Fungible Tokens (NFTs). Players battle other players or computer-controlled teams and earn tokens as a result.
The body parts and features of axies play important roles during battle, and these body parts are represented by game cards. Players then use these cards to either attack other monsters or defend themselves. Each character is recorded as unique because the players put much time and effort into creating them. One can think of Axie Infinity as the famous Pokemon game with actual monetary earnings.
How to make money playing Axie Infinity (axie infinity earn money)
In June 2021, Axie Infinity became one of the top earn-to-play Ethereum-based games built on a blockchain. Generally make money in the metaverse is charming. why charming? because metaverse world floriferous. It has also become a source of income for many people playing the game. Gamers earn up to $10-50 daily from playing the game. It is no surprise that many people want to know how to make money with axie infinity.
There are various ways one can earn money from Axie Infinity. The easiest and most common way is to play the game. This results in collecting SLP, which one can cash out or trade. Other effective ways include:
Breeding and Selling Axies
Breeding two axies always produces a new and unique axie in terms of stats, body parts, and abilities. There are two options after making a new axie. You can choose to put it on the field to battle, or you can decide to sell it on the marketplace. The value of an axie depends on its qualities, which are well-balanced stats and a strong ability synergy. The better the stats, the higher the price you could sell it. The cheapest axies usually sell for about 0.05 ETH.
Investing in Lunacia Plots of Land
Landholders design plots of land to produce profitable resources, battle monsters, provide facilities, and serve as dungeon access points. Hence, land plots are one of the ways to make money in Axie Infinity. A land owner can either rent their plots out to other players or sell the land once the value has grown.
Staking Axie Infinity Shards (AXS)
AXS acts as the in-game currency as well as the governance token. Players will soon start using this token for staking to earn a passive income.
Harvesting Smooth Love Potions (SLP)
Players receive SLP as a reward while playing the game. SLP was formerly known as Small Love Potions. It is a valuable resource that is in high demand. SLP owes its high demand to its use in creating axies. When you have an SLP, you can sell it on the Axie marketplace.
Creating an Axie Scholarship Program
The Axie Infinity scholarship program is a cheap way to enter the Axie Infinity ecosystem and make money. Through the scholarship, you can rent out your axies to other players. This allows them to play for free while you receive some of their earnings.
However, you are advised to be careful while doing this and be sure of who you are renting out your axie to.
Is investing in Axie Infinity worth it?
There are several advantages to investing in Axie Infinity. but you should know how to invest in metaverse. The first and most important advantage is that you can earn money from playing the game. Apart from the fun and excitement that playing the game brings, the mere fact that it is a play-to-earn game drew many people to it. Players can sell Axies, tokens, plots of land, and so on on the marketplace to earn actual money. It is no secret how it got such a huge fan base in a short period.
Other advantages linked to the first one are; Trading and battling, NFTs, etc. However, certain risks come with investing in Axie Infinity. Due to the frequent fluctuation of prices, it is usually advised to only invest money that you’re willing to lose.
Some of these risks include:
Fluctuation of prices
Just like stock market prices, the value of SLP fluctuates. Hence, it is unpredictable, and just as the earnings are great, so can the losses too.
Your performance in the game Knowing how to play the game and understanding what it takes to win are two important things that will help in your performance. Factors such as picking the right axies and choosing the scholars who will play for you will determine your performance in the game. Every single decision you make will either make or mar your game.
Being a completely digital platform, there is the possibility of cybercriminals hacking your axie infinity account. Fake digital wallets and weak passwords are some of the ways this can happen.
How to get started playing Axie Infinity
a big answer for How to enter metaverse is here! Below are some easy steps you can follow to get started:
1. The first step is to install a digital wallet and load it with Ethereum. You can use whichever crypto wallet you prefer. If you are unsure, Axie Infinity players often recommend using Metamask.
2. Create a Ronin wallet. Visit the Ronin wallet page to do so. You need to input a valid email to register.
3. Add your Ronin wallet as an extension to your mobile device. You can download it from either Google Play Store or Apple App Store.
4. Create an Axie Infinity account. Visit the Axie Infinity Marketplace and create an account.
5. Buy Axies on the Axie Infinity marketplace. Log in to the marketplace with your Ronnin wallet.
6. Visit the Axie Marketplace and search for your first three axies. This is the number of axies you would need to start the game. You can use your discretion to choose which axies you want to buy. If you’re still unsure, join the Axie Discord server to get more insight.
7. Set up your game account. Log in to Axie Infinity’s official marketplace and set up your email and password.
8. Install the Axie Infinity Game. Visit the Axie Infinity Download page and select your platform.
how to earn money in axie infinity
Keywords in Axie Infinity
Before we move on to other details, you need to know some key terms within the Axie Infinity universe. These keywords describe the basic elements of the game and make it easier for new users to adapt to the ecosystem easily. Here are some of them:
These are cute digital pokemon-like characters that players create. Each axie carries unique abilities rooted in its genes and is represented by an ERC-721 non-fungible token (NFT). Axies allow players to own in-game assets. An axie comprises six body parts: eyes, ears, mouth, horns, tail, and back.
Except for the eyes and ears, each of these body parts plays an important role and can influence the Axie’s abilities in battle. Also, each axie has four stats: Health, Morale, Speed, and Skill. They are deciding factors for various roles during the battle, such as the mode of attack, how many injuries it can take, etc.
This is a way of nurturing a new Axie by producing and hatching an Egg. This aims to create an Axie with important traits such as body parts, class, and stats. Before breeding two Axies, a fixed amount of AXS and SLP are needed.
The Axie homeland, Lunacia, is divided into plots of land called Terra. This is where the Axies live and operate. Landowners can upgrade their plots from time to time, using the resources they found during the game.
There are more than 132 cards in Axie Infinity. These cards are divided into six classes: Aqua, Plant, Bird, Beast, Bug, and Reptile. A player needs to get familiar with these cards, as most of them are essential to winning.
The NFT marketplace allows players to buy and sell NFTs for the characters, items, and plots of land used in Axie Infinity. Here, players can bring their Axies and sell them through an auction.
Axie Infinity is made up of two gaming modes. Player-versus-environment (PVE), also called adventure mode, and player-versus-player (PVP) mode, also called arena mode. In PVE, players need to defeat monsters on each stage, and each stage gives them SLP, while PVP pits two players for a battle, and whoever wins will get SLP. Both modes allow the players to earn both AXS and SLP.
A ronin wallet is a crypto wallet that allows users to play Axie Infinity on Ronin. It is popularly known as a digital passport. Ronin is also an Ethereum sidechain for blockchain games.
Axie Infinity has ushered in a new era of metaverse games using blockchain technology and has built a large and enthusiastic fan base due to its success rate. It has emerged as a groundbreaking force due to its innovative approach in establishing a play-to-earn ecosystem.
It also presents a new pattern of work and income for the future. As the world evolves, Axie Infinity is poised to play a pivotal role in shaping the future of virtual reality as people have fun and make money in the metaverse. Its creative and collaborative approach to the gaming world proves how possible it is that one’s imagination can come to life.
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Can you earn money through Axie Infinity?
Yes. Axie Infinity is one of the most popular digital games where players can earn between $10-50 in one day. Also, several players make passive income from renting out their Axies to others.
When do I get paid on Axie Infinity?
You will get paid on the first working day of every month. Axie Infinity only allows a payout 14 days after you have started playing. If you have played less than 14 days on payout days, you will receive your earning in the next month.
What makes Axie Infinity unique?
Users pay an upfront cost to unlock axies. They can battle, breed, collect, and then exchange them for real money on an NFT marketplace. Also, each body part of an axie has unique qualities. The mixing of two axies can produce an offspring that is one of a kind in terms of uniqueness and power.
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