Axie Infinity is a crypto game developed and published by Sky Mavis, a Vietnamese tech company. The game runs on the Ronin and Ethereum blockchains and enjoys a huge active community. In Axie Infinity, you can grow, fight, collect and trade the Axie creatures with other players. How much can you earn in Axie Infinity? How to earn money playing Axie Infinity? Let's delve into these questions.
How Much Can You Earn in Axie Infinity?
With sudden popularity in June 2021, Axie Infinity became one of the most hit games built on blockchain. Players can earn between $10-50 a day while playing the game. Not surprisingly, the game has become a source of income for many players, especially in the Philippines.
How to Earn Money Playing Axie Infinity?
There are numerous ways to earn from being part of this blockchain game. The main ways players on Axie infinity earn are as follows:
1. Harvesting Smooth Love Potions (SLP)
For most beginner players, farming and harvesting SLP is the starting point. While going through the game by taking part in battles and quests, you receive a reward in game tokens called Smooth Love Potion (SLP). SLP is a valuable resource that is in high demand throughout the game. The reason for this is that SLP tokens are needed to breed Axies. When you have SLP, you can sell them on the Axie Marketplace.
2. Creating an Axie Scholarship program
If you do not plan to sell your Axies, you could establish an Axie Scholarship program with them. With the Axie Scholarship, you can lend out your Axies to others so that they can begin playing for free while you receive a cut of their earnings.
In Axie Infinity, you can only control one team of three Axies at any time. Creating multiple accounts is illegal and is grounds for banning. That is why many people with extra Axies opt to create Scholarship programs where they can earn from them (Scholarship programs are currently not an in-game feature). As a manager, you set the terms and conditions of your Scholarship such as specified quotas and how earnings will be split.
3. Breeding and selling Axies
Besides the SLP token, Axies that you own have value as NFTs. They can breed, which leads to a new Axie. When the offspring is born from two Axies, it possesses powers and stats that are different from the existing Axies. Once you breed a new Axie, you can opt to keep it or sell it on the marketplace.
The price of an Axie is determined by its quality, which is essentially its stats. The better the stats, the more you will get for it. Some of the cheapest Axies currently sell for around 0.05 ETH.
4. Invest in Lunacia Land Plots
Developers are working to build up the in-game world of Lunacia as one of the features of Axie Infinity.
Plots can be customized to produce profitable resources, battle monsters in, host shops, and become access points for dungeons. Like real-world plots, these plots can be rented to others or sold. Alliances can be made to pool plots and create guilds.The plots can be used as homes or operational bases for Axies, which can be customized at will.
5. Staking Axie Infinity Shards (AXSs)
The Axie Infinity Shard (AXS) token is one of the in-game tokens on Axie infinity. It acts as the in-game currency as well as the governance token. AXS can also soon be used for staking to earn holders a passive income.
Staking simply entails locking up the AXS tokens to support operations on Axie infinity. In exchange, stakers will receive freshly issued AXS. With the recent rise of Axie Infinity popularity, the value of AXS is no doubt going to keep rising. Staking AXS ensures that you can share in the success of Axie infinity. It is an easy and reliable method to make a passive income.
How much can you earn in Axie Infinity? How to earn money playing Axie Infinity? Hope this article can help you get a better understanding of these questions.
