So, you are thinking of participating in the new trend of playing online games to earn money? Well, you are not alone. As we speak, hundreds of thousands have subscribed to Axie Infinity being a leading online game that runs on cryptocurrency.
And, if you are reading this article, I guess you are about to join the community. Only that, you have some questions popping up in your mind, which might have been holding you back from taking the plunge. And that’s good. It is always wise to ask a few honest questions before investing in a product or service. You can read about Axie Infinity Game by visiting https://bltzr.gg/axie-infinity
While I cannot provide direct answers to the different questions in your mind, I have compiled some top FAQs that most people ask before they start playing Axie Infinity. I assure you that you won’t have more questions at the end of this article.
Before I start to answer some of the most frequently asked questions on this game, I deem it important first to give you a detailed rundown of how the game works. The aim is to provide you with complete knowledge of the game to maximize your participation.
Now, let’s face it.
Axie Infinity is one of the new online video games that allows players to earn a huge amount of money as they play. It is a blockchain-based online game playable on iOS, Android, macOS, and Windows.
If you are familiar with Pokemon Go, you will understand this game better. The reason is that it features a team of Axies with different perks. With this team of Axies, you will battle other teams owned by other players as brought to you by the computer algorithm
What do blockchain and NFT mean?
If you want to understand how Axie Infinity works fully, you will need first to know the meaning of blockchain and NFTs.
Blockchain is a (shared) ledger that aids in recording transactions and tracking assets in a digital network. In other words, it is a system that allows users to record their financial information and helps protect the information from hacks and unauthorized changes. The ledger then duplicates across all users’ networks. That means, anytime a user performs a transaction, it automatically changes on other users’ ledgers.
As you might have also guessed, blockchain is the technology that shoulders the existence of cryptocurrencies, including Bitcoin, Ethereum, and the likes. Each crypto transaction made by any user affects the currency price. Consequently, that affects its value in real-life money.
NFT is a unique digital asset that you can purchase with cryptocurrency. As a matter of fact, you can also call it a cryptocurrency because it is also based on blockchain technology.
Finally, let’s link it to Axie Infinity. Axie Infinity is NFT based, meaning it incorporates NFT in its operations. Indeed, every creature in the game is an NFT. So, how do you earn? You get tokens when you battle and win. You can use those tokens for breeding monsters as you create other NFTs. Each monster stands as unique, and through blockchain technology, you can track them.
Now, what are the most FAQs on Axie? Let’s take them one after the other.
Can I Earn from playing Axie Infinity?
Yes! If you are mindful of the facts discussed earlier, you would have answered this question yourself. However, the present gaming world is more dominated by “play-to-win” games. However, Axie Infinity is a “play-to-earn” game. You can make huge real cash to pay your bills and buy goods from different grocery stores as you play the game. No many complexities, all you have to do is earn tokens in the game, create NFTs then sell them. However, before you can start earning, you will have to first invest in three monsters. Presently, the minimum price of a monster is about $200. Hence, you will have to invest $600 to start playing the game.
Why is Axies so expensive?
To be candid, I asked the same question when the price of an Axie surged to $200.however, you can only get astonished at the price if you are a newbie in the NFT world. Of course, the price may seem too expensive at first, knowing that digital assets are always affordable.
NFTs don’t multiply, which is a major factor in the seemingly high price of Axies. As NFT interest grows, there is regulation, and consequently, their price shoots up. It is nothing but the basic rule of demand and supply.
Can I play the game if I don’t have money to buy Axies?
Well, it’s somewhat possible. For instance, an Axies Infinity holding company, Yield Guild Games, lends out the first three monsters to players who can’t afford to buy. But, that’s is still not free. Each lending attracts an interest rate which you will pay back when you start earning and selling your Axies. The lending company gets 30% of your earnings until you finish your payment with interest.
In a nutshell, you can start playing the game if you don’t have money to buy the first three monsters. But, it costs less if you buy your first three monsters instead of lending.
What are Axie Infinity’s in-game currencies?
Axie Infinity operates two in-game currencies: Axie Infinity Shard (AXS) and Small Love Potion (SLP). You can use SLP for trading and convert them into real-life cash. AXS is still a proposed governance token; players will have a stake in the game development when it is implemented. Most interestingly, you can trade both SLP and AXS as cryptocurrencies.
Is Axie Infinity the only online game with a play-to-earn concept?
No. there are other blockchain-based online games that you can play and earn a considerable amount of money per day. While the niche remains fresh and active, you can expect many more play-to-earn games in the coming days. however, Axie Infinity is still topping the chart among other competitors.
Final Words
Axie Infinity provides you the opportunity to make money as you play the game, but it is not an easy way to get rich, as many are already assuming. Like any other video game, it takes time and effort to make money in Axie Infinity. You must first be a game lover and develop smart strategies to breed monsters to make the most out of it. In reality, you might have to quit other endeavors to fully concentrate on playing Axie infinity if you really want to make good cash.