Axie Infinity is currently the fastest growing blockchain game, mostly because users can earn money just by playing the game. Definitely, the game has seen a boom due to the general growth of the NFTs sector and interest in crypto collectibles. Along with gaming in general seeing a huge rise as people are stuck at home due to global pandemic. Wait, we see you’re getting confused… but your thoughts are correct: All this time you have been chasing moon gems on Uniswap you could have been earning crypto by playing a fun game?
No doubt you saw that Small Love Potion (SLP) token moving volume but couldn’t figure out why there was demand. Let’s dive in.
What is Axie Infinity?
Axie Infinity at its core is a digital pet universe very similar to Pokemon or Digimon. Players raise their fantasy creatures called Axies, with the goal of upgrading their attributes to make them better when it comes to battles. Axie is a blockchain-based game, meaning Axies and items are non-fungible tokens (NFTs).
What is AXS token?
The Axie universe contains two native protocol tokens: AXS and SLP. Axie Infinity Shards (AXS) is a governance token, enabling holders to decide how to use the community treasure funds. Whereas, Small Love Potions (SLP) are a core part of the gameplay (more on that below). To buy or sell, you can find both tokens traded on Binance, and it is possible to trade AXS with leverage. However, if you’re looking to earn money just by playing the game then check out the article below.
Axies are owed by the players (along with in-game assets), meaning you can trade them through any NFT capable decentralized marketplaces to earn cryptocurrency. One of the reasons the game is growing so fast is because Axie is the first blockchain game with a mobile application. Additionally, you can earn money by simply playing the game.
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Earn SLP tokens… Small Love Potions are required if you are trying to breed more Axies. Now SLP is an ERC20 token which is listed on Uniswap. Because you can earn SLP tokens just by playing the game, there are a large number of players who just play to earn SLP and sell them on Uniswap. In fact, it has become a full-time job for some families enabling them to survive!
- The big money is in the breeding and rarity of the Axies. Digital Delphi recently bought five NFTs in the game for over $162,000.
Looking to the future… Excitement is growing over landplay, where players will be able to play on the land they own. As a result, the marketplace volume for new landowners has surged. No doubt traders have seen the big profits of flipping digital land on OpenSea, and want to jump in early. We hope you enjoyed learning about what is Axie Infinity, for this metaverse game, its just the beginning.