You may already be familiar with cryptocurrencies like Dogecoin or Shiba Inu coin, as well as NFT. But have you ever heard of making money playing NFT games? Yup! by playing Axie Infinity you can do it, an adorable breeding/fighting game where the user controls monsters called ‘Axies’ based on the Etherium network.
But what is axie infinity? How does it work? Find out here.
What is Axie Infinity
Axie Infinity was developed by Sky Mavis, a technology-focused game studio founded in early 2018. Axie’s entire ordeal is inspired by the Pokemon and Tamagotchi games. Axie Infinity is classified as an NFT game that allows individuals to earn currency from playing the game as they breed, raise, battle and trade Axie creatures on the market.
Axie Infinity’s mission is to serve as a fun and educational way to introduce the world to blockchain technology. Many developers and team members met from playing this Crypto cat, which later developed into them working at Axie to introduce the magic of Blockchain technology to players.
All of Axie’s art and data assets are accessible to third parties, allowing community developers to build their own tools and experiences to enhance the Axie Infinity universe even further.
The difference between Axie and traditional games is that the design of the Blockchain economy rewards their players for their contribution to the ecosystem. This means that the more you contribute to the Axie Universe, the more rewards you will get.
How Axie Infinity Works
Axie Infinity runs on blockchain technology. However, instead of mining new blocks on the chain (solving a complex math problem resulting in an accepted hash), Axie Infinity provides a ‘play-to-earn’ structure.
Players can earn by competing in PVP battles, breeding Axies and selling them in the market, or collecting rare Axies. Note that Smooth Love Potion (SLP) is required to breed Axies. SLP, like other cryptocurrencies, is unstable. At the time of writing, they cost around 3 thousand rupiah each. You can buy SLP through Uniswap or Binance.
According to Axie, players can get a governance token, AXS, which represents a real part of the Axie universe because it has governance rights and free share built into it. Since players can earn these tokens by playing, a quest of a Ready Player type appears where players can actually get a share of the universe. Rewards players based on their effort and skill, and not their wins.
How to Start Axie Infinity
You can find this game on the official website Axie Infinity. However, you don’t just download games and play them right away. It requires an account and a wallet because it involves cryptocurrencies. Below is a step by step guide:
- Download a digital wallet like MetaMask and load it with some ETH. You can buy ETH from Coinbase, Binance, or LocalCryptos, depending on your country.
- Download Ronin Wallet.
- Deposit ETH to Ronin using Ronin Bridge.
- You must have at least 3 Axies from Axie Market.
- Login with MetaMask here and set email/password
- Download the app here. Click “Play Now” at the top right.
How to Play and Earn in Axie Infinity
Axie Infinity is like a Pokemon mixed with the adorable monster Hearthstone from Pokemon and the turn-based card game from Hearthstone. That is, players use cards to “command” what action their Axie will take for that turn.
Each Axie has four cards that are shuffled for each battle, and to play those cards, energy must be expended. So if you have 4 energy, you can play any card as long as it matches the capacity of 4 energy.
Normally, other games would allow the player to choose which target to attack, but Axie Infinity’s battle system attacks random targets, usually hitting the target closest to that Axie.
You may be wondering, “What happens when I lose/win?”. When you lose a PVP battle, you lose your Matchmaking Rating (MMR); if you win, you will get MMR and Smooth Love Potion (SLP).
But there’s no need to worry, losing will not result in a decrease in SLP, which is a relief, isn’t it? To explain further about this, the amount of SLP earned per win will depend on your MMR. Check the list below to see how much SLP you get for each MMR phase.
- Under 800 – No SLP gained
- 800-999 – 1 SLP per win
- 1000-1099 – 3 SLP per win
- 1100-1299 – 7 SLP per win
- 1300-1499 – 8 SLP per win
- 1500-1799 – 9 SLP per win
- 1800-1999 – 10 SLP per win
- 2000-2199 – 11 SLP per win
- 2200+ – 12 SLP per win
Players earn through game SLP awarded through daily quests or PVP matches. You may want to jump straight into PVP matches because that’s where more SLP is awarded, but it is advisable to fully maximize the Axies you provide. Completing daily missions can also earn SLP and EXP for your Axies, so a healthy balance should be struck for PVP and PVE modes in the game.
It was mentioned earlier that 3 Axies are required to get started; The problem that keeps people from investing in Meta Axies is price. Meta Axies, at the time of writing, is one of the Plant Axie which acts as a tank, Beast Axie for DPS, and Fish Axie for debuffing. Now if you are worried about spending on this game, there are Manager to Scholar structures that people can use.
For example: There are old Axie fans who own hundreds of Axies, usually from the start of NFT games when Axies monsters and breeds are cheaper. Someone who has 20 Axies can’t play them all at once, which is why they lend them to people who will actually use them or in this case, take care of them.
This is where Managers and Scholars come into play. Managers are individuals who have the means to lend Axies to people, and the people who lend Axies are called Scholars.
The share between the two is usually 60% for scholars and 40% for managers; Scholars get more out of the pieces because they’re the ones playing the game.
As soon as Scholar and Manager make a cut, it’s up to Scholar to either sell it on the market or stockpile it until the price goes up.
It was noted previously that breeding is possible with SLP, but scholars cannot do this; their job is to complete daily quests, fight in PVP matches and earn SLP.
At the time of writing, there are approximately 140,000 Axies worldwide. Prices start at $1, but the most expensive Axie ever sold sells for 300 ETH, which is around $1.5 million.
The final word
One of the main reasons why people play this game is the potential to make money. But like any investment, there are risks involved. If you have to ask what ETH is, then you need to learn. It may still be a game, but since you will be spending real money it’s best to use cold funds.
So there you have it, information about what Axies Infinity is all about. Don’t forget to join crypto media community for joint discussions about crypto.