Axie Infinity is a blockchain-dependent game wherein players buy non-fungible tokens of cute monsters or Axies that compete in battles. It has been developed by the Vietnamese studio Sky Mavis.
The popular Pokemon series is the inspiration behind Axie Infinity. Not only players can purchase Axie NFTs but also resell them. Also, the game’s play-to-earn approach rewards them with crypto tokens that can be exchanged for money.
Axie Infinity operates on the Ethereum blockchain with Ronin’s support. One impressive fact about playing Axie Infinity is that players can breed Axies to form powerful teams and produce extra NFTs that can be sold on the marketplace.
How does Axie Infinity make profit?
The success of Axie Infinity is completely dependent on the number of individuals using its resources. Its business model relies on the philosophy of play-to-earn, which means every player who engages with the game and the platform is rewarded.
How do players make money then? The answer is given in Axie Infinity’s whitepaper and states that players engage and earn profits in multiple ways like:
- Participating in PVP battles to compete and win leaderboard prizes.
- Accumulating and speculating on unique Axies.
- Breeding as well as selling Axies on the marketplace.
- Using in-game AXS tokens to purchase digital assets and goods in Axie Infinity’s world.
- Farming for the love potions to sell them on crypto exchanges.
How to play Axie Infinity?
Three Axie NFTs are a must to play Axie Infinity. Axies can be resold and they yield rewards via gameplay.
Axie Infinity has now shifted its assets from Ethereum to its side-chain Ronin. Therefore, creating a Ronin wallet and owning an Ethereum wallet is a must. After the Ronin wallet is set up, the Ronin bridge can be utilized to move ETH to Ronin, where it changes into Wrapped ETH. WETH can be then used to buy Axies.
An account on the official website has to be created followed by downloading the game on Mac or PC. An Android APK can be downloaded to install the game on a tablet or smartphone. The game is also accessible for iOS.
No matter which version is chosen, the Ronin wallet has to be paired to the account. Axies from the wallet to the game have to be synced to begin playing.
The four stats
The result of a battle is based on four stats as explained below.
Health (HP)
The extent of beating a player’s Axie is able to handle before it is knocked down.
Skill
It decides the possible damage by a player. To cause more damage, multiple cards have to be used on the opponent during the battle.
Speed
It decides the order of attack. The faster an Axie is, the quicker it is able to attack. With faster speeds, an Axie has high possibilities of avoiding a lethal or critical strike.
Morale
The morale score determines if an Axie gets a chance of making a critical strike on its opponent. Morale also decides when an Axie is losing, whether it gets a chance for a last stand or not.
Classes and body parts
The four stats are influenced by both the class and body parts of an Axie.
Classes
Axie classes are a reminder of various types of Pokemon and each class has its own pros and cons. While six classes are common, there are three secret classes.
Plant, aquatic, bird, reptile, bug and beast are common classes. Dawn, mech and dusk are secret classes.
Body parts
Every Axie has six body parts including eyes, ears, back, mouth, tail and horns. Each part plays a crucial role in the battle. A card represents the role. Only mouth, back, horns and tail decide the type of card possible for an Axie to use in the battle.
Lunacia
Lunacia, the homeland of Axies, is divided into tokenized plots of land that are known as Terra and are displayed by square and minted as NFTs.
Players can purchase, lease as well as develop the land. Lunacia has diye types of land- Forest, Mystic, Savannah and Arctic.
Axie Infinity launched their first land-based game Raylights for landowners.
The AXS token
AXS or Axis Infinity Shard is the native governance token of the game. It can be utilized to pay for breeding fees.
Owners of AXS get rewards for staking their tokens, being a part of major governance votes and by playing the game.
In the Axie NFT marketplace, AXS is accepted as currency.
Smooth Love Potion
Previously known as Small Love Potion, Smooth Love Potion is a reward token and can be earned by playing the game in adventure mode or in battle.
It is an ERC-20 utility token with a value similar to other cryptos and is possible to both purchase as well as sell on a decentralized exchange.
Axie Infinity marketplace
Axie Infinity marketplace is the best place to not only find but access Axies. One can check the Axies that are listed for sale and those that have been sold to others recently.
To narrow the Axie results, filters are available that can be used to find cute monsters according to one’s stats, class, body parts, etc.
What’s unique about Axie Infinity?
Axie Infinity is not only fun but also offers ownership. Axies are owned by players and provide physical rewards like SLP crypto tokens that are possible to exchange for cash.
The more time and effort one puts, the more rewards they get. Programs such as Yield Guild Games wherein owners of Axies loan their non-fungible tokens to other players for the purpose of utilization and earning, have led to Axie scholars.
Countries like Indonesia and Philippines have emerged as examples where individuals support their families by playing Axie Infinity.
This would prove to be a sustainable model or not can’t be figured out yet; however, it is a revolutionary idea for sure.
Partnerships
- In February 2022, Axie Infinity and Bit2Me shared the news of their partnership.
- Axie Infinity and NAS Academy collaborated for the Creator Academy Fellowship.
- Axie Infinity’s Ronin Network joined Google Cloud for the purpose of enhancing security.
- Cloud9, a North American eSports organization, announced collaboration with Axie Infinity in December 2022.
Conclusion
In the world of blockchain gaming, Axie Infinity is undeniably the leader and enjoys a massive and passionate fan base. With Sky Mavis growing consistently and offering exclusive experience, the future looks bright.
Axie Infinity’s community is one of the major driving forces behind its growth. However, one should not compromise with the fact that AXS is highly volatile, which isn’t a good thing.
Also, other gaming platforms in the future may rise up and replace Axie Infinity. Owing to all these factors, calling Axie Infinity risk-free would be wrong.
It has its share of goods and bads and decisions must be taken by considering both sides.
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