Axie Infinity gained instant popularity when it was launched in June 2021. The game allows players to earn $10-50 per day. The game is a popular source of income, especially for players in the Philippines.
Due to the similarities to Pokemon, Axie Infinity was able to attract players of all ages. You can battle, raise, collect, and breed Axies. Axie Infinity is now quite costly to join due to the high commissions on Marketplace sales.
What is Axie Infinity?
Axie infinity, a crypto-game by Sky Mavis (a Vietnamese developer) was launched in 2018. The game uses non-fungible tokens (NFTs) and has a large community. The game is based on the Ethereum and Ronin blockchains, and uses a play-to earn model.
It is very similar to the Pokemon games. You must catch and train ‘Axies’ creatures, as well as fight other players. The game allows us to convert the rewards we receive into real crypto assets. You can also compare Axie Infinity to CryptoKitties, as it has breedable creatures.
How to play Axie Infinity
Download the Game Client
Download the game client directly from its official website. Click the Play Now button to go to the official website. The system will prompt you for a file download and installation.
You’ll need to choose the right download option for your device. We will now look at how to use a personal computer.
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Register for an Account
You must first purchase your Axies to begin playing. This part requires a Ronin cryptocurrency wallet. You can install a browser extension from https://wallet.roninchain.com/ or as an app on iOS or Android.
After you have downloaded the browser extension, you will be able to create a wallet:
- Create a password
- Enter your recovery phrase
- Verify the recovery phrase
It is easy to create a Ronin wallet using other devices in the same way as we have described.
After you’ve created your Ronin wallet you can log in to Axie Infinity Marketplace using the Ronin account that you have created.
After logging in, you’ll need to enter your username. Next, you’ll need an email address, and a password for your game account. You can then move on to the next step.
Buy Axies
Now you will need to buy your Axies on the marketplaces. Axies can be purchased as adults or as eggs. An egg can take only five days to mature into a fully-grown Axie.
Marketplace’s main page will let you select your interests, including Axie’s age and class. You can also sort the offers by price on the Marketplace.
Start playing Axie Infinity
You can start playing once you have purchased your Axies. You must log in with your Axie Infinity account to play the game.
Axie Infinity Pros and Cons
Pros
Cross-platform Compatibility
Axie Infinity can be played on Windows, Android and iOS. The game can be played on an iPad or MacBook. You can also play the game on all major platforms. The developer clearly wants it to be accessible for all players.
Engaging Gameplay
Engaging gameplay would be the first pro of Axie Infinity. Axie infinity is a hybrid of Hearthstone and Pokemon games. The majority of the game is about PvP battles, and breeding Axies. Side quests and PvE are enough to keep players interested and captivated.
Axie Infinity P2E
P2E is the main feature of Axie Infinity. P2E games can be a passive income source for many. Many players are able to make a significant amount of money by playing the game correctly. You can trade the AXS (Axie Infinity Shards), and SLP (Smooth Love Potions), for ETH (Ether).
Axies are NFTs
All your NFT assets are the Axies that you purchase, collect, or breed. You can also sell your Axies to other players. If the game performs well, you may be able to benefit from your Axies’ NFTs.
Cons
High Entry Costs
Axie Infinity, like other similar P2E games, has an entry fee. You must first buy three Axies before you can start playing. These three Axies cost around $500 at first. The price has risen to at least twice or three times due to its sudden popularity.
This is a barrier to entry. Some players hire others to play the game for them. You can also look for other players willing to lend your Axies if you don’t wish to invest in Axies.
Economic Uncertainty
NFTs and crypto are rife with controversy. Experts and observers have expressed concern about the surging trading of NFTs. Experts and observers agree that the NFT market is an economic bubble created by hype. The volatility of cryptocurrency has been fuelled by controversy. Although Bitcoin and Ether have seen their prices rise over the years it is difficult to ignore the sudden fluctuations.
Capped Earnings
As we’ve discussed, players can earn AXS or SLPs by completing daily tasks, completing daily quests and winning PvP matches. The developers have set a limit on how much a player can earn from these activities each day.
You must also put in effort and time to earn money from the game. To earn 40-50 SLPs, you’ll need to complete daily tasks and play PvP battles. Consistency is key to making it a steady stream. It is not possible for everyone to have the time and energy to play.
Marketplace Fees
The Axie Marketplace fees are 5.25% and are paid by the seller. Buyers don’t pay any fees. If there is a creator code, 4.25% of the fee amount is sent to the Community Treasury. 1% is shared among the NFT’s creators. The full 5.25% goes to the Community Treasury if there is no creator code.
The Axie Infinity Marketplace costs sellers more than other NFT marketplaces. The 2.5% fee is charged by other major marketplaces.
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However, buyers do not pay any fees.
Verdict
Axie Infinity is a likely developer who will continue to introduce new ways to play the game. Profits are possible due to the growing popularity of Axie Infinity and NFTs generally. It is evident that the game has a strong and active player base.
Even though the NFT prices are fair, there is always the possibility of hyperinflation and overvaluation. Deep research is essential to make informed investment decisions. This review should serve as a guideline to help you understand the game.
