Every gamer has the ambition of making money while playing video games, but not everybody is a professional at Warzone or League of Legends. That’s why Axie Infinity is the equalizer.
Video game players and cryptocurrency lovers may now make money by defeating other players or simply playing against the environment thanks to the integration of non-fungible tokens (NFTs) and blockchain technology.
Axie Infinity is among the best-known and most played games in the category. Let’s take a look at how you can play and master Axie Infinity’s crypto space.
So What is Axie Infinity?
One of the well-known Play-to-earn games Axie Infinity, which has players gather digital creatures in the form of NFTs called Axies. Think of it as a crypto meets pokemon game with millions of active users doing daily tasks and competing with each other in different game modes for digital money that has real-world value.
These species can be gathered, reared, and sold for a price that is based on how uncommon they are. They can cost anywhere from a few dollars to many thousands of dollars based on their rarity such as aquatic axie, beast axie, dawn axie, mech axies, etc.
The origins of Axie Infinity may be traced back to Trung Nguyen, a Vietnamese software developer who was inspired by the popularity of the collectible NFT cats known as CryptoKitties that were kept on the Ethereum network.
Nguyen intended to incorporate blockchain technology into video games in order to take full advantage of all its advantages and give gamers actual ownership of the in-game rewards they’ve earned.
Let’s Dive In
Axie Infinity is a blockchain-based game where millions of players control Axies, which are a type of game currency. Axie Infinity Shards (AXS), the governance token for Axie Infinity, and Smooth Love Potions (SLP), which are used for Axie breeding and nurturing these virtual cute creatures, can be obtained by competing in adventure or arena mode. In addition, game assets can be exchanged in the market.
A reliable internet connection and a browser are required before you can continue. It’s even accessible on your mobile phone and most mobile devices. Let’s start with the detailed step-by-step instructions below!
You’re Going to Need a Wallet
You must first have an Ethereum wallet. We advise MetaMask. Both desktop and mobile platforms are compatible.
People may engage with blockchain apps, save and send cryptocurrency tokens with MetaMask. Tokens and in-game objects are kept in a wallet in Axie Infinity.
- Head over to https://metamask.io
- Select the platform you want to download to by clicking the download button.
- Carry out the installation procedures.
The Ronin Blockchain
Then you’ll require a Ronin wallet. On the Ronin blockchain, this will be utilized to store assets like cryptocurrency tokens and in-game stuff.
The team behind Axie Infinity created the Ronin network as an Ethereum sidechain solution to ease Ethereum’s network congestion. Due to low gas costs and quick transactions, Axie players can benefit from this. Everyone currently receives a daily cap of 100 free transactions.
Once you’re done, you can start setting up your Axie account and connect it to MetaMask to begin the journey.
Start Buying
You will need 3 Axies to start your Axie journey. Using the marketplace, you can purchase Axies from other active players. For many, this can be a critical strike to the old digital wallet given that the cost of Axies has increased as a result of the game’s popularity. The floor price for a single Axie is now around 0.15 ETH ($285).
You must have ETH in your Ronin wallet in order to buy Axies. There are two methods for acquiring ETH.
Using the Ronin Bridge, make a deposit from your Ethereum wallet into your Ronin wallet. Most gamers typically use a centralized exchange like Binance to deposit or withdraw money using their MetaMask wallet.
– Using the Ramp Network to purchase ETH on Ronin with fiat. Not all nations have access to this.
Search the market for your next combat allies after depositing ETH into your Ronin wallet!
SLP and AXS Tokens
The SLP, or Small Love Potion is the token that you get as a reward for each victory in an Axie battle game mode. It can be used to breed your Axie creatures, which you can then sell in the Axie Infinity Marketplace for a set price or at an auction. The supply of the SLP token is unlimited, unlike that of AXS.
The top players from each of the 19 seasons of Axie Infinity receive an ERC-20 utility token called AXS as a reward. Due to its scarcity, a number of gamers also decide to switch their SLP for AXS. Sky Mavis selects the validators for the consensus procedure, which serves as the Proof of Authority.
Next Stop, Lunacia!
Axie Infinity’s success demonstrates that players may make anywhere from a few dollars to hundreds on the crypto market while playing and having fun. With millions of monthly active players, it has grown to be the most played P2E Metaverse/NFT game in cryptocurrency history. By combining NFTs and blockchain technology, a vibrant ecosystem where gaming and DLT coexist is promised, this online game is sure to bring in billions of dollars.
If you want to stay in the loop on everything Axie Infinity and crypto games, then Ian Corzine’s newsletter is the way to go! Join us in adventure mode and sign up now!
Want to hear more about the Metaverse revolution? Do you want to learn how to make money as a Metaverse early adopter? Be sure to click here https://nas.io/metaverse-beginnings for FREE access to the Metaverse Beginnings online course and community. You can’t afford to wait.
