The NFT gaming industry is growing more expansive year after year. The truth is, it is becoming a fast-rising financial community as it is consistently wooing major investors from different parts of the world. Since 2018, one name has been constant in the NFT gaming world with massive hype everywhere – Axie Infinity.
Unless you are not a game enthusiast, you should have played or watched friends playing the game before now. Reading this article is enough reason you are interested in the game. Truly, Axie Infinity deserves the hype and the ever-rising number of users from different parts of the world.
First, Axie Infinity is a crypto-compatible NFT game that allows players to earn Ethereum in the form of in-game tokens called Smooth Love Potion (SLP) and Axie Infinity Shard (AXS). These tokens have value in the US open market. So, you can use it to trade, buy or sell anytime, anywhere.
How would you feel to hear that both Axie Infinity Shard (AXS) and Smooth Love Potion (SLP) have experienced dramatic growth in recent months? It’s something noteworthy. Of course, Axie Infinity is a game you need to play. Aside from the financial benefits, it offers generously; you will always be caught up in the amusement of the game.
But, before you take the plunge and dash to the company’s official website to download the game, you must know the essential facts surrounding the entire Axie Infinity concept. Are you ready? Here are the best eight.
1. Axie Infinity is a crypto-compatible game
Axie Infinity is a play-to-earn game that allows you to earn Ethereum in the form of in-game tokens. The Axie Infinity tokens are Smooth Love Potion (SLP) and Axle Infinity Shard (AXS). You can earn SLPs while you complete your daily quest, compete in the battle arena, or breed axies for trading.
Axie Infinity allows players to own digital assets which are potentially cryptos on screen. These digital assets are cute little creatures called Axies which are non-fungible tokens (NFTs). You can trade those axies and exchange them for hard cash.
One fascinating thing about Axie infinity is that you can hold your in-game token in your bare hands as hard cash. Yes! Is that possible? Better still, you can use your in-game tokens to purchase real-life goods and services.
2. There are several Play-to-earn games aside Axie infinity
Axie Infinity is not the only play-to-earn game if you don’t know. So, if at some point you discover some downsides of Axie Infinity that you can’t cope with, you can easily switch to another game. You can read more about play-to-earn games by visiting https://www.techtimes.com/articles/271165/20220128/play-to-earn-games-simply-explained.htm
Though, Axie infinity seems to be the loudest name amidst the pool of competition. Yet, there are many more with equally juicy financial benefits. What makes Axie infinity so different is that the developers are consistently developing the products adding more exciting features to make the game more enjoyable. Then, Axie Infinity has its community.
3. Axie Infinity requires you to make an initial investment
Many people don’t know this fact until after downloading the game and playing it. As much as everyone wants to participate in the game community, the truth is that you need to make the opening investment to purchase your starter team of three axies to play the game.
If you‘re an investor, you might be interested in buying Axie Infinity Shard (AXS) with the hope that it will increase in the future. However, Axie Infinity is not an investor-oriented game. Instead, it is a gaming community that allows token holders to partake. However, it can be expensive to participate in the community. It might cost you up to $200 to buy your initial team of three axies.
4. Axie has the highest revenue generation, more than the other top nine combined
Axie Infinity is not popping up everywhere in the NFT gaming world for fun. Could you permit me to give you the details? Token Terminal confirmed that Axie Infinity now boasts of generating over $1 billion for the past few months. That’s massive! As of writing, other play-to-earn games on the top ten list have a total revenue of $800 million for the same time-bound. Without a doubt, Axie Infinity is doing better in income generation and acceptability than other competing apps. What is super unique about Axie Infinity is that about 95% of its revenue belongs to the participants. Little wonder people are devoting more of their time to playing the game
5. Young folks are quitting their formal jobs to play Axie Infinity
You have just read a shocking fact about Axie Infinity as its returns about 95% of its revenue to its players. What else could be an inspiring factor for anybody who needs quick cash to settle bills and expenses?
Due to its seemingly endless financial benefits, many people are quitting their full-time job to resume as full-time players in the Axie Infinity community. Though, quitting a job that gives you stable wages or salary for a game where you can lose at any time is risky. Yet, many people are giving it all it takes to earn more by dedicating their 24 hours to the game. Click here to read about Steps to take in buying and selling Axie Infinity.
6. Axie is not available on US major exchanges
You might have heard about the availability of Axie on decentralized Exchanges. Of course, that might not be far from the truth. However, you can be surprised to realize that Smooth Love Potions (SLPs) and Axie Infinity Shard (AXS) are unavailable on US major exchanges. What does that suggest? They are not easy to purchase, as you might think.
Axie Infinity is a game to play when looking for ways to multiply your income streams. However, it doesn’t give you the best from both sides. Above all, Axie Infinity can be an excellent medium to earn a fortune over time. However, you need to take your time to learn about the game before spending your hard-earned money on it.