Axie Infinity is the newest crypto-craze that is taking the crypto industry by storm. Find out what Axie Infinity is and how people are earning money from it.
Over the last few years, people have been obsessed with cryptocurrency. Ever since Bitcoin gained its popularity in 2011, crypto has slowly taken over the world. People are investing in the cryptocurrency market now more than ever before.
Cryptocurrencies run on blockchain technology. They use blockchain to power the different types of crypto like Bitcoin and Ethereum. Blockchain is essentially a safe and secure way to record information that’s impossible to change or hack.
Blockchain is what makes the cryptocurrency space possible. Axie Infinity is a blockchain-based game with its own crypto token called Axie Infinity Shards or AXS.
What Exactly is Axie Infinity?
Sky Mavis created Axie Infinity back in 2018. There are a lot of people who believed in the potential of using blockchains and crypto in the gaming industry. Axie Infinity is not the only blockchain-based game, but it’s one of the most popular and successful games in the market.
Other successful blockchain games include CryptoKitties, The Sandbox, and The Six Dragons. All these games allow you to earn money by playing them. They are of different genres, and offer different gameplay experiences.
Axie Infinity is an adventure-RPG turn-based game that allows you to earn money by playing the game. There are creatures called “Axies” that most people compare to Pokemon. Axies are digital pets that each have their own unique set of skills and abilities.
These Axies are NFTs or Non- Fungible Tokens. NFTs are digital assets that are sold and bought online. Axie Infinity has its own marketplace where you can buy, sell, and trade the different NFTs in the game.
Aside from Pokemon, I think that the closest games to Axie Infinity are Final Fantasy, Dragon Quest, and Chrono Trigger. If you’ve ever played one of these games, the Axie Infinity mechanics should be quite familiar to you.
You need to have a team of Axies in order to start your adventure. To create a team, you’ll need to have at least three Axies. You can then use that team to play the different modes.
Adventure mode is where your Axies battle against AI enemies in exchange for rewards. On the other hand, Arena is basically PvP where you battle against other players.
There’s also an energy system that you use to go on Adventures or Arena battles. Once the game starts, you are given a random set of cards dependent on the type of Axies you have. These will act as your actions in the game and will be performed once it’s your turn.
You also have replenishing energy in the game that is consumed depending on the energy value found on the cards. You start the round with 4 energy in Adventure mode and 3 in Arena mode.
After finishing the battle, you get exp points to level your Axies, and rewards such as Small Love Potions (SLP.) There are also quests that you can finish to claim some extra rewards.
How to Earn Money Using Axie Infinity
First of all, you’ll need to get some Axies. The only way to get some Axies is by purchasing them from the Axie Marketplace. Unfortunately, Axies are super expensive at this point and are only continuing to grow. Back in December 2020, the cheapest Axies only cost around $25 to $30.
Thanks to its insane growth in popularity, the cheapest Axie you can find today is around $200. This means that the cheapest team you can get would be roughly around $600. It’s a big investment to make, but if you’re smart with how you play, you can get your investment back in no time.
Axies and SLPs
There are two primary ways you can earn money through grinding in Axie Infinity. The first is through breeding and trading Axies. There’s a whole different process to breeding, but to cut it short, the whole breeding process takes about 5 days from egg to Adult Axie.
You can then sell this Adult Axie through the marketplace to get some money. Otherwise, you can keep it and place it in a team.
You can then simply use the Axies to grind through the Adventure and Arena modes and collect SLP. The value of SLPs are currently around $0.24 each. Other players simply just collect SLPs daily and sell them once they get plenty.
Some people earn around $50 per day just from SLPs alone. Farming Small Love Potions can definitely help you gain returns on your initial investment.
There are a lot of things that you need to know about Axie Infinity. It isn’t simply going to let you earn a lot of money right away. Axie Infinity is a relatively complex game, and you have to make sure you know what you are doing.
At the end of the day, Axie Infinity is just another way to invest your money. Remember that there’s always a risk involved when investing. Make sure to invest what you can afford to lose. Invest wisely and do research before fully committing to Axie Infinity.