![]() You can either use it on the platform to step up your game, put it up for sale on an NFT Marketplace, or lend it to Axie scholars, depending on the market conditions. In just five days’ time, the Axie will hatch and attain maturity. The number of $SLP tokens required is determined by the number of combinations used for breeding. Any 2 Axies can be bred at the cost of 4 $AXS along with some $SLP tokens. One of the best ways to generate a hefty profit from Axie Infinity is by breeding Axies. Whatever rewards they generate from the game are split according to an agreed ratio. While players invest their time in the game, owners invest the initial capital. Basically, it is like a business partnership. This is a program where people who don’t have the time or skill to play the game assign the task to expert gamers called scholars. If you don’t have the initial capital to buy Axies, you can enter the gaming arena through agreements called scholarships. You can also breed them to create more Axies with new powers and characteristics. But once you get in, you can start earning $AXS and $SLP tokens by training your Axies to wage wars against opponents. In the present bullish market, that would cost you anywhere from $600 to $900. ![]() However, it is not easy to start as a gamer, as it requires you to hold at least 3 Axies for your debut. The most obvious one being, of course, playing. There are plenty of ways you can earn money on Axie Infinity. How to earn money on Axie Infinity Get into the game Both of which will bring more users to the platform and potentially drive the price of the ERC-20 tokens and NFTs. The much-awaited events are the launch of $AXS staking and the Axie Infinity application on iOS/Android. ![]() Here are some of the milestones the project will accomplish in the upcoming phases of development. Axie Infinity has a well-defined whitepaper and an ambitious roadmap. They founded Sky Mavis in 2019 and raised tens of millions of dollars from various funding rounds and token sales for the development of the project. ![]() However, Trung Thanh Nguyen, Aleksander Leonard Larsen, and Jeffrey Zirlin knew they could leverage the spike in interest in non-fungible tokens while addressing the existing limitations of the ecosystem. They failed to apply economic incentives for long-term growth. Roadmap and development historyĬryptokitties brought Ethereum to a standstill during a massive bullish trend in the last leg of 2017 and revealed the unsustainability of crypto games. Or else, you can buy it on Binance or Uniswap. However, the distributed rewards are locked for one year. The number of tokens rewarded depends on your expertise in the game and involvement in community events. $AXS is distributed as rewards on Axie Infinity for playing, staking, and participation in voting. Staking will incentivize users to hold the tokens and support the growth of the gaming ecosystem. Players can stake $AXS on the Axie Infinity protocol to reap weekly rewards and participate in governance voting. The number of tokens held will determine your eligibility for these events. Interestingly, it will also get you into certain sales/auctions conducted by the team. Axie NFT marketplace accepts it as currency. $AXS enables users to facilitate payments for in-game purchases. Once the network is decentralized, $AXS stakers will govern the Treasury. This way, the Treasury will act as a binding force that brings sustainability to the platform for the long run. It also has a program called ‘The Community Treasury’ in the pipeline that promises to accrue value from the Axie community and distribute it back to $AXS stakers. Data shows that Axie Infinity was the highest-earning protocol than Bitcoin and Ethereum in July 2021. More than 90,000 ETH has been traded on the Axie Infinity in-house marketplace! In May 2021, Sky Mavis raised $7.5 million for the platform with support from investors like Mark Cuban. The shockingly high earning potential of the platform drives the price of the NFTs and the in-game tokens. Marketplace: Axie Infinity hosts a decentralized marketplace where the NFTs can be traded with other users.Īxies are sold for anywhere from $200 to 300 ETH today.You can purchase lands for your Axies and refurbish them over time using the resources available on the platform. However, they are in the virtual universe. Land: Like humans, Axis have land and homes too.Breeding: Axies are bred to create new offspring with unique capabilities and weaknesses based on the gene combinations.Battle: You can train your Axies to battle against each other for rewards.Then, you can freshen up and resume! Highlights of Axie Infinity Axie Infinity Marketplace: Official website You can create an endless number of combinations to conquer your enemies and tweak your strategies till the game wears you out. Each Axie, the cute little pet with more than 500 customizable body parts, is unique enough to give you hours of fun.
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