If you are playing play-to-earn games, you will definitely know and hear of Axie Infinity. But do you know exactly what Axie Infinity is and how does Axie Infinity work? This article will help you know more about Axie Infinity.
What is Axie Infinity?
Axie Infinity is a monster battle game where you pit teams of cute monsters called Axies against each other in battle. The game features many of the card-based components we love in Pokemon, the main difference being that it integrates the concept of NFTs so players have full ownership and can monetize their in-game assets.
In addition to raising and trading Axies, players can earn income through two ERC-20 tokens, Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). As Axie Infinity's main token, AXS is the game's central governance mechanism, which players can use to influence the development of the platform.
SLP, on the other hand, is earned by playing Axie Infinity and can be used to breed new Axies, which can then be traded in-game for AXS. Investors who don't want to play Axie Infinity can still buy and sell both tokens on decentralized cryptocurrency exchanges.
You can also nurture Axies, which allows you to build potentially stronger teams and generate additional NFTs to sell in the marketplace. At the time of writing, some Axie NFTs have sold for as much as 300 ETH, or over $600,000.
How does Axie Infinity work?
The entire gameplay of Axie Infinity revolves around strategically using Axie's combat features to outwit your opponents and earn rewards along the way.
You can play against other players as well as non-player combatants called Chimeras. In both cases, you'll need to acquire three Axies that you can use to kick-start various strategies that hopefully stand out. Depending on the type of Axies you have, you can perform a range of attacking and defensive actions.
They can be purchased from the official Axie Market through the Ronin wallet that you will connect to the game. You can play on PC, Mac, Android, or iOS and throw your Axies into battle to earn rewards.
Can I make money by playing video games?
Yes. The Play-to-earn (P2E) business model is a new model in the gaming industry designed to reward participants who add value to the gaming world or ecosystem in a specific way. In some cases, players sell access to their account credentials or game assets such as characters or gear. Top players can also earn revenue through streaming efforts, sponsorships, and product advertising.
So I hope you will now understand what is Axie Infinity and how does Axie Infinity work. In 2022 Axie infinity developer company make an update which Axie Infinity: Origin. Unlike the classic Axie Infinity game, this version does not require users to purchase Axie to play. New players get a team of starting Axie for free. With this, you can start exploring the Axie Infinity universe without paying a dime or connecting a Ronin wallet.
