Axie Infinity: What is it? Did you recently come across the phrase in play-to-earn games? Let’s dig in and discover everything about this game based on cryptocurrency.
For millions of individuals throughout the world, cryptocurrency is no longer a mystery. The world came to understand how cryptocurrency could genuinely represent the next stage of financial digital change last year. The development of DeFi solutions and NFTs has given rise to entirely new ways of utilising the value of crypto.
The Philippines provided the best illustration of how to use a crypto-based game, specifically Axie Infinity, to bounce back from a faltering economy. The play-to-earn game provided an alternative source of income as individuals lost their employment as a result of a global pandemic. It’s interesting to note that even after the limits were removed, many gamers kept playing.
On top of everything else, the game was named the Best NFT Game of 2022. Any new player who is unsure about “what is Axie Infinity” will undoubtedly look for the causes of the game’s popularity. You may get a thorough introduction to the play-to-earn game that is now most in demand in the post that follows.
The Foundations for Axie Infinity
For many individuals around the world, playing video games has long been a favourite form of entertainment and pleasure. The worldwide video game market was valued at $151.06 billion in 2019 and has a 12.9% CAGR growth potential. The video game industry is expanding as a result of two key factors: innovation and technology developments. The current video game industry, however, never gets beyond the point of centralization since game developers have complete control.
In-game collectibles, items, and other artefacts may be subject to your purchasing and trading discretion. However, you are never able to trade them on outside marketplaces. Even worse, if game producers decide to shut down the app, you can lose all of your in-game items. So what’s the point of spending hours playing a game just to get some expensive in-game stuff that you could lose at any time?
The play-to-earn game concept is the perfect reaction at this point, especially with well-known examples like Axie Infinity. You can see how popular cryptocurrencies and NFTs are if you look around in the tech industry.
Access to financial products and services is made possible by cryptocurrencies, which eliminate the need for any centralised middlemen. Non-fungible tokens, often known as NFTs, offer a unique and verifiable means of proving ownership of digital assets on a blockchain. They both provide the perfect framework for the play-to-earn gaming concept. Let’s learn more about the well-known play-to-earn game to understand how the model functions.
What is Axie Infinity?
Any discussion of the gameplay in Axiom Infinity will naturally lead to its definition. It essentially functions as a play-to-earn game that offers opportunities for income production on the platform using NFTs and cryptocurrencies. The creation and use of “Axies,” or virtual creatures, in the game are funded by the native cryptocurrency of Axie Infinity, which is based on Ethereum. The digital beings, or “Axies,” are essentially NFTs that give participants specific proof of ownership.
What is Axie Infinity? is answered more precisely in the game’s whitepaper, which describes it as an expanding universe. The realm of the game’s titular “Axies”—many creatures that resemble Pokémon—is open for players to explore. Turn-based combat and card-based warfare methods have been combined to create the game. Each Axie has a special set of skills that affects how likely it is to win a combat. Axies can be bred, collected, raised, and given kingdoms by players. Axies are divided into 9 different types in the game, just like Pokémon.
Understanding How Axie Infinity Works
You can be unsure of the gameplay of Axie Infinity if you don’t have a clear understanding of how it operates. You must first comprehend the Axies, which are Pokémon-like characters. Non-fungible tokens are distinct digital assets that can trace their trade activity on a blockchain network with ease.
Axies are labelled as NFTs since they are created by users and have distinctive proofs of purchase and ownership. The game offers assurance of provable ownership over in-game assets thanks to Axies as NFTs. Axies’ distinctiveness also increases scarcity, which raises their price due to their increased demand.
You must have a firm understanding of SLP, or Smooth Love Potion, in order to play Axie Infinity. SLP functions more like the game’s experience points and is a crucial component of the game’s ecosystem. Remember that SLPs are ERC-20 tokens at this point. Each combat ends with players receiving SLP, which is crucial for breeding Axies. Strangely, there is an endless supply of Smooth Love Potion available throughout the game. Axies can be bred by players to produce more, which they can either utilise in battle or sell on the open market.
Axies, the adorable virtual critters that power the Axie Infinity game, are one of its notable highlights. Nine distinct sorts of Axies are present in the game, as was already discussed in earlier sections. But each Axie also possesses some special genetic traits. On the platform, players can breed Axies, and the virtual offspring gain characteristics from both sets of parents.
As a result, gamers can combine various Axie breeds to produce new ones that may provide desired value. The restriction on reproducing Axies is an essential component of the Axie Infinity gameplay. To prevent an improbable increase in the number of Axies, players can only breed an Axie a maximum of seven times.
Axies are powerful illustrations of the NFT Axie Infinity link and provide a roadmap for the potential use of NFTs in blockchain games. The restrictions on reproducing Axies, the distinctive genes of each Axie, and their scarcity in this game demonstrate how NFTs can fuel play-to-earn gaming models. Players would always require a minimum of three Axies before engaging in an online duel with another player.
In the game Axie Infinity, you can engage in combat with non-player characters. Axies must be purchased by new players from the market for the cryptocurrency equivalent of roughly $1500. The creators of the game, Sky Mavis, have unveiled their unique digital wallet, which you may link to the application. The Ronin wallet could be used to buy Axies.
The Axie Infinity Cryptocurrency
The governance token is one of the game Axie Infinity’s other key features. The play-to-earn game Smooth Love Potions, or SLPs, is the ideal illustration of how to use cryptocurrency. You also have a governance token in the form of Axie Infinity Shards, or AXS, at the same moment.
The personal and distinctive governance token is easily usable or tradable by players on the Axie market. The AXS coin demonstrates how the crypto connection between Axie Infinity and Axie helps to create a decentralised gaming environment. Holders of AXS tokens have the ability to influence important governance decisions and give token holders the opportunity to voice their opinions on platform enhancements.
Players can voice their opinions on decisions linked to the Axie Community Treasury costs by using the AXS token. But in the Axie Infinity game, AXS tokens are a limited resource. There are now only 270,000,000 AXS tokens available in the game. As a governance token, the Ethereum-based token is a significant highlight of the Axie Infinity crypto environment. Most importantly, it creates the framework for fully decentralising the in-game economy.
Economic Potential of Axie Infinity
The possibility for its economic impact would be the following significant point in a thorough analysis of “what is Axie Infinity.” You must be unsure whether the time and effort are worthwhile if you have been trying to play the game for financial gain. Players’ success in the Axie Infinity app depends on how they use the resources, just like in previous blockchain games.
The game’s creators assert that it has brought in over $16 million in income. What opportunities can the play-to-earn game provide for players to “earn” in the future? By taking part in the following activities, players can interact with the game and learn about potential earning opportunities.
Players compete in player versus player (PVP) fights to earn leaderboard awards.
raising Axies and selling them on the game’s market to make money
collecting and speculating on the worth of rare Axies like Origins and Mystics.
Purchasing digital in-game items in the Axie Infinity realm with in-game AXS tokens.
Growing Smooth Love Potions, or SLPs, and making money by selling them on various cryptocurrency markets.
The Axie Infinity app is more than just the most popular PS5 game because it offers so many opportunities for generating economic potential. How do you begin playing the game?
How Can I Play Axie Infinity?
The potential for NFTs and cryptocurrencies to totally change the gaming industry is demonstrated by the way they are used in Axie Infinity. However, due to the novelty of crypto and NFTs, many beginners are reluctant to play the new game. For playing the game in such circumstances, you need a good grasp of the foundations of cryptocurrency platforms. Here are some easy instructions that will help you understand how to play Axie Infinity without having to go through convoluted crypto explanations.
To buy ETH tokens, either create your own Ethereum wallet or utilise one of the well-known crypto wallets.
Create a personal Axie Infinity account and sign up on the game’s market.
Install the Ronin wallet extension on your browser. The game’s makers, Sky Mavis, built the Ronin side-chain on top of which the Ronin wallet browser plugin was constructed.
Utilizing the “Activate Ronin Wallet” box on the dashboard, you may connect the Ronin wallet to your gaming account.
You can buy Axies from the market by utilising the Ronin Bridge to deposit ETH into your Ronin wallet.
You can play the game on iOS, macOS, Windows, and Android devices by downloading the Axie Infinity app after purchasing three Axies. You can learn more about the rules in the game’s manual before you