Earning cash while playing games? Sounds familiar. But generating income while playing an “NFT based game” is undoubtedly something not everyone is accustomed to. However, it’s possible now, with the pokemon inspired Axie Infinity Video game. It’s not your normal pay to win kind of video game, it is a play-to-win game. And it is certainly one of a kind that has acquired humongous popularity and acceptance amongst the masses.
So, now you can work, invest in crypto and also make while you did not do anything but play. Playing has never been made so fun and amazing previously. So let’s get on to comprehend a lot more about the new computer game that is taking the gaming sector by storm.
What is Axie Infinity?
Axie Infinity is a computer game that involves fighting battles and winning video games by fighting versus other Pokemon-like beasts in order to make Ethereum based crypto in the form of Axie Infinity Shards (AXS). it is a blockchain-based trading and battling game that is partly owned and run by gamers. The game contains animals called “Axies”. These animals love to fight, build and hunt for treasure. The game is mainly run and owned by the players.
The game is developed by a Vietnamese studio called Sky Mavis. Axie has more than 2,50,000 users currently playing and winning ETH benefits. The X-factor of Axie Infinity Game is its cryptocurrency nature. Each Axie in the video game is a NFT (Non-Fungible Token) which has its own market price and is priced based upon its skills, breed, and aesthetic character. These NFT’s are digital properties as well, which makes AXIE a Crypto based upon NFT and operating on Ethereum.
How does Axie Infinity work?
Essentially, Axie Infinity is an adventurous game that has many stages of plot and tactical sport. Including just playing video games, Axie likewise allows its users to make while playing. Players and experts have related the working of the video game with that of Pokemon, considering that the user has to their animal, i.e. Axies which have unique power and skills to carry out well in the video game.
In order to begin playing the NFT-based game, the user needs to have a group consisting of 3 Axies. The Axie family pet, which is empowered with abilities, can cost anywhere between 0.1 ETH ($ 260.49 USD) to 0.2 ETH ($ 520.98 USD). These Axies form the base of your whole video game. One can not get started without these.
The gamers have the option to level up or update the skills of their axies through the Adventure mode. It needs the users to climb ladders, deal with obstacles and go through various levels. With each completed level, the axies abilities will be updated and the levels will begin getting complex.
The Axie owners can also test their Axies ability by going through the Arena mode where all the players can battle with various users of the very same platform and hence check their capability to make it through or win the game. Each win in the Arena mode will enhance the users matchmaking ranking, and make them a benefit of SLP (Smooth Love Part).
These Axies can take different types as there are more than 500 different body parts readily available, including water, monster, bird, bug, plant and reptile parts. Axies can have any mix of body parts, making them extremely variable and frequently rare and distinct.
What is AXS token?
Axie Infinity Shards (AXS) are the fundamental tokens of the Axie Infinity platform. These are the ERC-20 governance tokens for the Axie universe which acts as a glue to bind all the neighborhood members together. The players can make $AXS when they play different video games with the Axie Infinity universe and through user created content initiatives.
Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens remained in circulation as of mid-November 2020. In total, 11% of the overall supply was designated to individuals in the Binance Launchpad IEO sale and 4% was sold in a personal sale. In addition to this, 29% is designated for staking benefits, 20% to the player to make swimming pool, 21% to the team, 7% to advisors and 8% to the community fund.
Staking AXS will quickly be live on the platform. This staking will act as an incentive for AXS holders. The staking will support the Axie community.
Axie Infinity Group: Who built the Axie Video game?
Axie Infinity is currently rated as one of the very best and biggest blockchain based NFT video gaming sectors. The hype around this brand-new crypto-based video gaming sector has left some users baffled about its origin.
Axie Infinity is developed by a widely known business,Sky Mavis. Sky Mavis is a technology-focused game developer with a group primarily based in Vietnam. Axie Infinity was co-founded by Trung Nguyen and Aleksander Larsen.Trung Nguyenis the current CEO of the gaming platform who holds a BS degree in computer software engineering and has actually formerly worked as a software engineer at Anduin Deals.
Aleksander Larsenis the COO of Axie Infinity. He’s been working on Blockchain gaming because 2017 and worked as the executive gatekeeper for the Norwegian Government Security Organization prior to co-founding Axie. he still works as The Secretary of the Board of Directors at the Blockchain Video Game Alliance.
Axie Infinity has 40 workers in overall and all of them are thoroughly experienced in the field.Tu Doanruns the art group in Vietnam and developed the original Axies. Andy Ho, the CTO of Axie Infinity leads the engineering group and is responsible for the technical method. Jeffrey Zirlinis accountable for development and advancement.
Is Axie Infinity Safe and a safe video game to play?
The new NFT-BASED gaming platform has been constantly questioned about its authenticity, security, and safety.
The AXS tokens are based upon the Ethereum blockchain. The ERC-20 is hence secured by Ethereum’s Proof-of-work consensus.Sky Mavis is currently producing Ronin, an Ethereum-linked sidechain made specifically for Axie Infinity. It is developed to support almost instant transaction verifications, reduced gas fees, and can assisting Axie Infinity scale.
Axie is ranked the # 1 Ethereum video game by day-to-day, weekly, and monthly active users. It is a game that partners with substantial technology companies such as Samsung, Ubisoft, HTC, Binance, Kyber Network, Maker, and Klayton. The partnership of Axie with such legit companies shows that it is not a scam.
AXS can only be traded on Binance, the world’s largest cryptocurrency exchange platform. It is listed with four trading sets: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB.
Where to purchase AXS token?
Discussed listed below are a few of the crypto exchanges where you can buy AXS token from.
Is AXS worth Investing in?
Axie is certainly one of a kind and it is anticipated to be lucrative. However, it totally depends on the player and the participation of the gamer on the platform. The AXS token is surely every crypto expert’s preferred. However the volatility of the token depends on the ability of the player to finish his/her everyday quest.
The quantity of AXS token which can be made is based upon the number of jobs the player takes part in or the wins they have the ability to collect throughout the video game. The token has seen a big development in the previous year. The rates have risen from $4.72 in May to $53.28 in July, and currently trading at 39 USD. That is certainly some promising return.
Care: AXS Token has currently reached the top 40 in the market cap. The token might continue doing well from here, however, I am not expecting that to occur. I am expecting some earnings scheduling to take place, which should bring some correction. Once the coin falls below 20 USD, I might consider taking some position in AXS during a trend turnaround. I am remaining away from AXS token personally. But, I like the game. So, if you wish to idly sit and play, do it with Axie and make benefits in return.