Axie Infinity is a popular game, with the Philippines accounting for most of the platform’s traffic. It is well-known for its Ethereum-based cryptocurrency-based in-game economy. It is an online video game created by Sky Mavis, a Vietnamese studio, that uses NFT as its foundation technology.
Axie Infinity is a Pokémon-inspired Ethereum-based blockchain game powered by NFTs that allows users to breed and battle digital creatures known as Axies. Axie infinity’s mission is to teach people about technology by offering an abstract but user-friendly environment.
Getting to Know Axie Infinity
Despite its resemblance to the popular video game Pokémon, Axie Infinity anchors on blockchain technology. In addition, users can earn rewards simply by playing the game, which is a nice bonus. These awards can be exchanged for real-world fiat currency; subsequently, users can spend it on real-world items.
The game is a hybrid of card-based battle systems and turn-based combat, with each Axie having unique skills that set them apart from the others. Axies, like Pokémon, can be classified into nine different types in the realm of Axie Infinity (reptile, plant, dusk, aquatic, bird, dawn, beast, bug, and mech).
At the end of each match, the player gets a Small Love Potion (SLP), which serves as the game experience point. Players can now breed their Axies to produce more, which they can utilize in future battles or sell for profit on the market, depending on how many SLPs they have. Players will need a minimum of three Axies to participate in combat with other online players or non-player characters at any given moment (NPCs). New players must purchase Axies from the marketplace before they can begin playing the game.
Users can sell their SLPs on crypto trading platforms like Binance, Kucoin, Crypto, Gemini, Okcoin, and Crypto.com. But, of course, you must get as much relevant information as possible regarding the Axie game before you start trading. The Axie price prediction article, made by the experts at Eclac is a great place to get educated more about the possible future of this token if you’ve decided to invest.
Now you have a clear idea of how its economics function and its foundations. They run on valuable bitcoin networks. The number of people who utilize Axie Infinity’s resources, like the number of people who use any platform created on top of blockchain technology, is critical to its success. Axies’ business model anchors on the play-to-earn idea, which means that each participant gets compensated for participating in the game and the platform.
The Domino Effect of Axie Infinity
Axie Infinity has a cult following among Philippine gamers, and it is easy to see why. You can waste hours of your life playing this famous blockchain game, but instead of squandering time, you earn money. You will be paid in cryptocurrencies and can work from home or anywhere else with an internet connection on your phone, computer, or tablet.
A documentary was filmed in 2021 and released in 2022 about a group of people from Cabanatuan City, Philippines, who became players and won Axie Infinity scholarships. Their participation in Axie Infinity allowed them to receive bitcoin incentives, and these scholars were able to enhance their lives and their salaries.
Scholarships from Axie Infinity are a once-in-a-lifetime opportunity, and the process of becoming a scholar and embarking on that journey is rough and rewarding. One should take advantage of every attempt to join a guild if they wish to be on the list of Axie infinity scholars. You can trust the managers to help you learn more about the game and earn more money because guilds bring together a vast number of gamers from all around the world. They are more experienced and professional. It has the potential to impact your life in the same way that it has changed the lives of so many others.
Alternative Blockchain Games
Aside from Axie, several cryptocurrency games can generate revenue through a play-and-earn model. My Defi Pet is one of them. Like Axie, it is also inspired by the cartoon Pokémon. It is a virtual pet game where you can choose their cages, grow them, and feed them. For the time being, it is in the Beta stage. It means real users in the environment are still testing it out.
Another option is Binemon, which is similar to My Defi Pet in that you can buy eggs and hatch them to become a Binemon. You can combine them to improve their abilities and rarity. As of now, it is still in Phase 1, but you can earn money by selling your Binemon on their marketplace. If you are a cat person, Cryptokitties is the place to be. You can earn money by buying, selling, and breeding digital cats in this game. The ‘crypto cat’ prices depend on breed generations, ‘cattributes,’ and unusual qualities.
Life-Changing Axie Infinity
Axie Infinity is poised to continue growing its user base at an exponential rate, thanks to the high rewards that come with playing the game and the enormous following that has gathered around it. There is certainly a lot more we can learn as we continue our search for new blockchain applications. The utilization of (NFTs) has freed up a substantial amount of space for new ideas like Axie Infinity. Given the current condition of the game, it can be considered a successful case study of how technology makes a real-world difference.
To Sum It Up
Axie is not confined to simply informing players about blockchain technology, which is this game’s most enticing feature. It also helps everyone understand that, even if they do not fully appreciate the technical specifics of how the blockchain works, it can deliver enormous benefits to their life. While this is a significant step forward for the cryptocurrency industry, it dispels the misconception that such technologies have limited real-world applications.
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