What is Axie Infinity and how to make money in the play-to-earn cryptocurrency game?

AXIE infinity is one of the most popular play-to-earn – enabling users to start making money.

The Vietnamese NFT based game sees players purchase NFTs of monsters who battle against each other to win in-game currency that can be exchanged for cash.

Axie Infinity continues to grow as a play to earn platform

How does Axie Infinity work?

Players looking to start off need to be aware of the value of the in game digital assets called “Small Love Portions.”

It allows users to build a collection of “Axies” which players can use across its universe of games.

There are a number of different ways to earn assets in the game:

Player vs player (PVP) battles
Collecting rare Axies
Selling Axies on the marketplace
Breeding Axies

Players can breed and nurture creatures, and sell them on the marketplace for money or for other cryptocurrencies.

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How to earn money in Axie Gaming

The company uses blockchain technology to reward players for gaming.

But the play-to-earn gaming model which rewards gamers with cryptocurrency for playing isn’t technically free.

Gamers could have to spend $1,000 or more in order to start earning in the Axie Infinity universe.

The popular platform for play-to-earn gaming requires beginners to have three “Axies,” which are available for purchase on the game’s Marketplace Dashboard.

Participants can then earn cryptocurrency for selling potions, breeding rare Axies, and playing various games.

Jawad Ashraf, CEO, Terra Virtua – a start-up developing its own metaverse and driving play-to-earn gaming – told The Sun: “It’s possible to make a living in play-to-earn games through gaining in-game rewards for playing.

“Axie Infinity has legions of fans, including regions where large portions of the population are ‘unbanked’, there are limited employment options and they can make more through playing play-to-earn games than in traditional employment.

“Players can also form or join guilds where they can borrow or rent in-game characters, playing for rewards and sharing profits.

“Games like Axie Infinity, Nitro League and other play-to-earn games are paving the way and creating entirely new economies, it’s something we’re going to see lots more of in the future.”

Josh Sandhu co-founder of Quantus Gallery – Europe’s first NFT advisory – told The Sun: “The play-to-earn model isn’t something particularly new, but it’s certainly something that is becoming more of a popular model for some in the space.

“Axie Infinity is just one of a multitude at this point and I think the mere fact that you can be rewarded in monetary value for a piece of entertainment is a huge selling point.”