What is Axie Infinity?
So you probably aware of cryptocurrencies like Dogecoin and Shiba. In these alt crypto coin as well as NFTs (Non-Fungible Tokens) But have you heard of play to earn an NFT game? This is made possible with axe infinity an adorable breeding fighting game, where users control monsters called axes for Ethereum ETH cryptocurrency, but what is Axie Infinity? How does it Axie Infinity work? Axie Infinity Crypto Explained.
Crypto Swami Explains the Gaming Metaverse know as the Axie NFT Infinity Universe. So before we start what is axe infinity? Axis infinity is developed by Sky Mavis a blockchain game technology founded in early 2018. The whole axie Infinity deal was inspired by Pokemon and Tamagotchi games. Axe infinity is classified as an crypto nft game play to earn game. This allows individuals to earn crypto currency from playing the game. As NFT Game Metaverse users breed race battle and trade Axie creatures in the Axie marketplace. Axie infinity’s mission was to function as a fun and educating way to introduce the world to blockchain technology.
Many of the developers and the team members met from playing cryptokitties which then evolved to them working on axie to introduce the magic of blockchain technology to players all digital art assets. Axie data can be accessed by third parties allowing the community developers to build their own tool and experiences. To improve the axi infinity metaverse further; the difference between Axi and our traditional game is that blockchain economic design rewards their players for contributing to the ecosystem. Meaning that the more you contribute to the axie metaverse the more rewards you reap.
Axie Infinity Crypto Gaming Explained
How does axe infinity crypto gaming work? Axie Metaverse runs on the ethereum ETH blockchain technology; however instead of mining new blocks on the chain which means solving complex math problems that generate an accepted hash. Axe infinity provides a play to earn structure. Players can earn by competing PVP battles, breeding axes and selling them into the NFT marketplace or collecting rare axes. The smooth love potion or SLP are needed to bred axes; SLP Coin like any other cryptocurrency is volatile as of the writing it’s continuously growing as we speak. On 12/27/2021 SLP 0.03208014; you can purchase SLP by Uni swap or Binance. Accordingly Axie Metaverse Game players can earn governance tokens or AXS representing a real slice of the AXIE metaverse. As it has governance rights and fee sharing built into it, since players can earn the AXS token by playing a ready player.
One type quest emerges where players can actually earn a part of their metaverse, rewarding players based on their effort and skill and not by their wins.
How to Earn-to-Play with Axie Infinity
You can find the game on their official metaverse website. However you just don’t download the game right away it needs accounts and wallets since it involves cryptocurrency download a digital wallet like metamask and load them with some ETH you can acquire eth using Binance, or CoinMama, depending on your country. Next you should download Ronin wallet, after that deposit eth to Ronin using the Ronin bridge. Then you should acquire at least three axes from the axie marketplace.
Use Metamask to store your NFT Digital Assets from Axie marketplace. Now that you got everything started; how do you play to earn with axie infinity? Well axe infinity is like Pokemon mixed with hearthstone the adorable monsters from Pokemon, and the third base game from hearthstone meaning players use the cards to command what action their axie will be doing. For that turn each Axie has four cards which randomize for every battle. In order to play those cards, energy must be exploded so if you have four energies you can play any card. As long as it fits within your 4 energy capacity, normally other games would allow players to choose which target to attack. But axie infinity’s battle system attacks random targets usually hitting the target closest to that axie. You might be wondering what happens if I lose or win. When you lose in PVP battles you lose matchmaking rating or MMR, if you win you gain MMR and smooth love potions. Not to worry though losing will not result in decrease of SLP. To expound further on this the amount of SLP Token gained per win will dep
Earn to Play SLP Tokens
Check this list to see how much SLP is gained for each phase of MMR, and moving on players earn through the game’s SLP which are given through daily quest. PVP matches you might want to go straight to PVP matches because that’s where the SLP are given more frequently. It is advised to fully max out your given axes accomplishing daily quests. This hands out SLP and experience for your axes so a healthy balance must be given to both pvp and pve modes in the game. It was previously mentioned that three axes are needed to get started the problem that keeps people in investing meta axes. The prices of the meta axis as of the moment is one plant axie that acts as a tank a beast axie for dps and the fish axie for the buffy now. If you’re worried on spending for this game there is an ongoing manager to scholar structure that people use there are long-standing axie enthusiasts that have hundreds of axes usually from the early days of NFT game when Axey monsters and breathing were cheaper. An individual who owns 20 axes cannot play them all at once which is why they lend them to people who actually use them.
In that case take care of them this is where managers and scholars take Form, managers are the individuals who have the means to lend access to people. Those people who are lent axes are called scholars the split between the two usually is sixty percent for the scholars and forty percent for the manager. The scholar earns more from the cuts because they are the ones playing the NFT game. As soon as the scholars and managers make the cut it is up to the scholar to either sell it to the market or hoard them. When the AXS price rises it was also noted previously; that breathing is possible with slp but scholars are not able to use this, their job is to complete daily quests fight pvp matches and gain slp.
At the moment there are approximately 140 000 axes globally the price starts at one dollar but the most expensive axi ever sold went for 300 eth which is around 1.5 million dollars cuteness does sell quite a lot. Now for those people who aren’t sure probably asking themselves should I jump into the craze well one main reason why people play this game is the potential to earn. I mean let’s be honest these are really tough times and being able to play a game for a living that doesn’t seem to be like a bad deal.
But like any cryptocurrency investments there are risks involved, if you have to ask what is eth? Then you will need some studying. It may still be a game, but still you’re throwing real money into it it would be best for you to use funds that you are ready to lose. You know from your extra cash from your extra job, so there you have it a rundown as what is Axie infinity.