- Axie Infinity is a blockchain-based game where players buy NFTs from cute monsters and then fight each other.
- Players can earn SLP tokens while playing and exchange them for cash on an exchange. You are driving a “play to win” movement around gambling.
Non-fungible token (NFT) crypto collectibles like artwork and videos exploded in popularity in early 2021, but several blockchain-based video games had already been built in space before most people realized it.
When NFTs hit the mainstream, the promising cryptocurrency game Axie Infinity from independent studio Sky Mavis took off. And when the broader NFT market cooled down a bit after all that hype… well, Axie Infinity got even bigger.
Axie Infinity is inspired by Nintendo’s beloved Pokémon series and sees you collect and pit adorable monsters against each other in cartoonish combat. However, getting started is neither easy nor cheap, and it takes a much higher initial investment than an average PlayStation or Xbox game. However, the benefit is that you own your Axie NFTs and can resell them, plus their ‘play to win’ approach rewards you with crypto tokens that can be redeemed for cash.
It’s a bold new vision for gaming and it’s catching on. Here’s how to get started.
What is Axie Infinity?
Axie Infinity is a monster fighting game where you play against teams of adorable monsters called Axies in battles.
png »alt =» Axie Infinity Screenshot »style =» max-width: 100%; overflow: hidden; width: 100% »/> Axie Infinity watches you collect cute monsters to fight. : Axie Infinity
game powers the Ethereum blockchain with the help of Ronin, a sidechain that helps minimize transaction fees and delays. It mainly focuses on turn-based battles, against computer-controlled Axie teams, or against live opponents on the internet.
Game items are represented by non-fungible tokens or NFTs. se cryptographically unique tokens can be linked to digital content; in the case of Axie Infinity, the Axies and the parcels of land that populate the game. Unlike conventional game unsurts, the NFT grants ownership to the buyer; you can trade Axies on the gaming market for real money.
png »alt =» Screenshot of Axie Infinity »style =» max-width: 100%; overflow: hidden; width: 100% »/> You can buy and sell Axies on the games market. : Axie Infinity
You can also spawn Axies, allowing you to create potentially more powerful rigs and produce additional NFTs to sell on the market. Some Axie NFTs have sold up to 300 ETH each, or over $ 600,000 at the time of writing.
How does Axie Infinity work?
As mentioned, Axie Infinity is completely built around NFT objects and at the moment there is no way to play unless you buy all three Axie NFTs needed to build your first team.
y can be purchased from the official Axie Marketplace through your Ronin wallet, which is linked to the game. You can play on PC, Mac, Android or iOS and lead your Axies into battle to earn rewards.
What’s so special about it?
Axie Infinity takes the fun and enticing premise of Pokémon and adds the unsurt of propriety to the mix. se aces belong to you and give you tangible rewards: Soft Love Potion (SLP) crypto tokens that can be exchanged for money. Startup costs will be a huge hurdle for many players, but it is a game that rewards players for the most time and effort they put into it.
“Play to win” may seem like a misleading marketing catchphrase or catch-all, but we’re already seeing evidence of a player-owned economy taking shape around games.
For example, there are thousands of “Axie Scholars” through programs like Make Guild Games and others, where Axie owners lend their NFTs to other players for them to use and earn. benefits are divided between the parties, and in countries like the Philippines and Indonesia, people play Axie to support their families. Whether this will prove to be a sustainable caral remains to be seen, but it is a potentially powerful and revolutionary idea that is already being put into practice.
Getting started with Axie Infinity
Here’s the catch: You’ll need three Axie NFTs to start playing Axie Infinity, and as of this writing, the most affordable Axies available on the market cost between $ 225 and $ 250 each. You could spend $ 700 or more to build a starting team. It’s more than the price of a PlayStation 5 or Xbox Series X console, much less a game. Please note that your aces are investments and can be resold, as well as generating rewards through play.
You will need to buy three boards to get started. : Axie Infinity
Now that Axie Infinity has migrated Ethereum assets to its Ronin sidechain, you will need to create a Ronin wallet and have an Ethereum wallet (like MetaMask) in addition. Once you’ve set up a Ronin wallet, you can use the Ronin Bridge to transfer ETH to Ronin, where it becomes WETH (wrapped ETH). You can then use it to buy Axies.
Create an account on the Axie Infinity website and download the game on your PC or Mac. You can also download an Android APK to install on your smartphone or tablet. game was also available for iOS via beta through Apple’s TestFlight Program, but is not available at the time of writing.
Whichever version you choose, you will need to associate your Ronin wallet with your account, then sync your Axies from the wallet to the game to start playing.
What is the AXS Token?
Axis Infinity Shard (AXS) is Axie Infinity’s native governance token. Currently, you can use AXS to pay the breeding taxes. In the future, AXS holders will be able to vote on decisions related to the game and its future development, as well as stake AXS tokens to earn in-game rewards.
Over time, Axie Infinity plans to gradually transform itself into a decentralized autonomous organization (DAO) to enable community governance.
Did you know
You can’t use Axie’s land in the game yet, but it’s in high demand – a set of nine land plots. sold for approximately $ 1.5 million in February 2021.
Where can you buy AXS?
AXS is available on cryptocurrency exchanges such as Binance, FTX, and Huobi Global, although it is not currently sold by Coinbase or Binance.US, for example. Decentralized exchanges like Uniswap and SushiSwap offer it, however.
Here’s how you can buy AXS on Uniswap. You will need a crypto wallet with ETH or another based on Ethereum ERC20 token to trade on Uniswap. If you need ETH, you can buy it with fiat money on Coinbase or Binance and then transfer it to your wallet.
Buy AXS on Uniswap. : decrypt
Connect your wallet to Uniswap, select AXS from the list, then choose which asset you want to trade with it. Enter the amount you want to exchange and Uniswap will tell you how much AXS will receive in return. If the numbers add up to your liking, click “Trade” and the transaction will go through.
Axie Infinity blew up in style in late June 2021, not long after Ronin’s transition and the announcement of a $ 7.5 million Series A funding round with Mark Cuban and Alexis Ohanian, among others. Sky Mavis also has the support of lead game publisher Ubisoft, who led the team in their Entrepreneurial Acceleration Program Workshop and helped launch the Ronin.
AXS token saw a 600% increase in value within a month, and that’s it almost $ 85 million within a month between June and July. According to Sky Mavis, Axie Infinity was generating more commissions compared to the Bitcoin or Ethereum protocol over a seven-day period in July 2021. According to reports, Axie Infinity had more than 500,000 daily active users as of mid-July.
However, the sudden surge in interest also led to widespread server problems, which were exacerbated by a DDOS Attack and also hosting problems. It’s a similar issue that the NBA’s Best Shooting faced, as it quickly morphed from a niche crypto project into a Wow, and it may take a while for the game to stabilize.
Thank you for your patience as we go through exponential growth!
Our engineers are completely focused on updating our servers!
This moment will be written down in the history books, it is a sign of how much people want to be a part of this amazing movement.
We love you! pic.twitter.com/DWz83oSz2z
– Axie Infinity (@AxieInfinity) July 14, 2021
Sky Mavis has a broad roadmap to play in the future, including the addition of a game based around its ground NFT, which allows players to customize the terrain and develop experiences to share. It’s another aspect that will help expand Axie Infinity beyond battle and monster farming.
AXS betting and rewards are scheduled for the third quarter of 2021, while the running game alpha test is scheduled for the fourth quarter. In 2022, Axie Infinity will expand its AXS ecosystem with governance and additional play-to-wade unsurts, and ground-based gameplay will be available to all players in the first half of the year.
Axie Infinity also plans to finally launch a way to play without the huge initial investment, providing new users with non-transferable Hubs with “limited income potential.”
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