The NFT game that is now sweeping the Philippines: Axie Infinity
Axie Infinity has shown that cryptocurrency can be more than just digital money. Because of the crypto craze, so many blockchain games similar to Axie Infinity are launched. These games have allowed Filipinos to use video games to make ends meet as they experience the CoViD pandemic.
The game Axie Infinity is also a cryptocurrency that allows Filipinos to earn money. That is the other side of crypto that can change the world as it goes beyond electronic cash.
People tend to forget bitcoin and other crypto’s unique blockchain. However, it has so many applications that can change the fields that are not within finance. Axie Infinity specifically shows its model for play-to-earn that can be the next step in gaming.
What is Axie Infinity?
People are often unaware that they can play video games and use them to earn money. However, the industry of e-sports has players that make millions because of competitive gaming.
However, this may not be an excellent option for any casual gamer. You have to train for hours, just like any athlete. Axie Infinity came from the Vietnamese company called Sky Mavis, giving the world “a new way to play.”
Also known as an NFT game, if you own one, you have a unique copy of it registered in a crypto network.
The game is similar to a mix of Animal Crossing and Pokémon, where players come with a team of Axies which are highly adorable creatures. With them, they may get into battles with enemies or other players that a computer controls.
What are AXS coins?
Players who play this game earn rewards regardless if they win or lose. They get AXS or Axie Infinity Shards and in-game items. The AXS is the ERC-20 governance token that people use in the marketplace of Axie.
AXS coins are what people can use whenever they want to buy and sell assets from the game. As an example, they can purchase new additions to their team in Axie. They can also have their Axie creatures sold in the market.
Aside from that, they can buy land that can produce additional AXS coins and resources for the players. Furthermore, you may purchase items if you want to improve or decorate your plot.
The AXS coins are around 270 million, and each of them has a value of approximately $8.11. Just like the other cryptocurrencies, you can get from any exchange platform such as Binance.
What are the SLP or Small Love Potions?
Just like NEO, there are two tokens that Axie Infinity uses. Aside from the AXS coins, it also has the SLP or Small Love Potions. That is what players need to breed Axies. As they go and play the game, they earn SLP coins. The tokens are what they make through competing against enemies that the computer controls or one another. The important thing is how to earn money from playing Axie Infinity. Players can do this by having their Axies sold in the Axie marketplace. Each of them has a price that corresponds to ETH or Ethers.
Players can have their SLP tokens turned into money in any crypto exchange similar to Binance. It can be a fantastic moneymaker for anyone who needs it during the pandemic. Right now, the SLP coin is priced at $0.1584, with a maximum supply of 404,090,637. You may also have them purchase on any crypto exchange platform.
The Life-Saver for Filipinos: Axie Infinity
The NFT game called Axie Infinity has shown the world a new way people can play. For the Philippines, it is what they need to earn money as the country still has to deal with the COVID-19 pandemic.
Similar to other countries, it had its economy close down to contain the virus. However, it, unfortunately, led to the closedown of the economy for the containment of the virus. Because of that, unemployment spiked up by 40%. So many Filipinos are now at a loss on ways they can make ends meet.
Yet, people are thankful for Axie Infinity as it allows them to earn despite the pandemic. In Cabanatuan City, there is an old couple who makes extra as they handle their store. There is also a young Filipino who uses it so he can buy his medicine.
Last May, the player base of Axie Infinity has been 60 thousand active users. It may likely increase as Pinoys earn approximately ₱ 10,000 a week whenever they play the game further.
Gabby Dizon sees this as an excellent opportunity for the nation. His group called the Yield Guild Games is interested in leading the Philippines to a new “Leisure Economy.”
Yield Guild Games has the aim to help Filipinos earn from playing NFT games like Axie Infinity. Aside from that, it can also let Filipino artists make money from the creation of NFTs.
A young man named John Aaron Ramos was able to strike it big because of Axie Infinity. On social media, he announced that he could buy two houses because of playing this NFT game. He was a believer that the AXIE can lift people. When he held an SLP, he paid attention to the AXIE Community trend and did some research. He eventually played with the SLP’s price, and because of that, he now has enough funds to purchase a team and two houses.
He played as “Magnus TV” and was able to earn it from the SLP or Small Love Potions. Last April 24, the token price skyrocketed from a low of $0.035 to a high of $0.20.
Ramos is now helping his fellow Filipinos with the AXS sponsorship program. His SLP is directly donated to Axie players so he can help those who can’t afford to buy their first team of these creatures.
Is it reasonable to invest in NFTs?
Mark Cuban is one of the famous people who invested in Sky Mavis. These people see blockchain technology as something that will play a significant role in the future. Axie Infinity has proven that cryptos can change the gaming industry.
Aside from that, there are a lot of new features in Axie Infinity. AXS staking is one of them. With this, people who hold AXS coins can earn rewards and vote on the changes that can happen to Axie Infinity.
The video game industry is now much bigger than the combination of the film and music industries. All over the world, cryptos are trending even if there may be some setbacks.
That is the main reason why it is promising to have AXS and SLP coins. Since cryptos and games are becoming more and more popular, their prices will also grow. However, the growth may be slow because of the recent crash in Bitcoin.
Because of the crash, the internet is full of bad news regarding crypto. However, the stock market has also been experiencing wild changes in its prices.
The world’s economy has changed because of the pandemic. Investors try to avoid the risks of making the price move in a disorderly manner. Yet, all of these are a part of the investment.
Whenever you invest, there may be times when your portfolio loses its value. There may be a lot of things that can mess with your options. Because of that, you must stay calm and hold on for dear life or HODL.
The bad times will surely pass if you want for a long time. Prices will increase again. Every investment can experience highs and lows. Our entire economy will also have to go through this.
How can I invest?
If you want to invest in crypto, you need to buy it. Yet, the Axie Infinity shards may work differently. You have to play the game if you want to achieve the most from it.
First, you need to download a digital wallet like Binance. You can get it from Google Chrome, iOS, or Android.
Make it loaded up with Ethers that you can buy from platforms allowed in your location like Binance and Coinbase.
Work on downloading the Ronin Wallet, then have your ETH placed in it using the Ronin Bridge.
In the Axie Marketplace, purchase a minimum of 3 Axies. Whenever your Ethers is not enough, it would help if you join their scholarship program.
Use the page of Axie Infinity and log in with MetaMask.
Go to this link and download the game. You can have it played on the internet browser of your PC. You may also get it from Android and iOS.
Learn the ropes by checking out the gameplay guide.
Why should you play Axie Infinity? Axie Infinity is excellent as it allows you to get a better understanding of your investment. Check out the game, so you will know what it is all about. Aside from that, it can allow you to get the most out of the AXS coins that you have. You can use them whenever the voting and staking upgrades arrive. With it, you can have fun and earn more cash. You may also enjoy the game. As you have fun playing it, you get more SLP and AXS coins!Final Thoughts
Axie Infinity makes the world know how cryptos can change the gaming industry. However, there are other cryptos that you can explore their potential in various directions. Only buying one crypto may limit your investment.
Because of that, it would be better to look for more coins that you can include in your portfolio. With the LINK coin, you can connect on-chain data with the real world. The OXT coin allows VPNs to mix with the crypto.
Whenever you get AXS and SLP coins, you may also have to get ETH coins as well. Since all of these coins connect, having a few bought can help boost your returns.
The important thing about this is that it would be best to buy whenever there is a Bitcoin crash. Since there are so many coins priced especially low right now, try getting a bunch so you can get better returns when the market becomes better.
Get more information about Axie Infinity.
What is the game AXIE Infinity?
The NFT game that Sky Mavis made is AXIE Infinity. The cryptos SLP tokens and AXS coins are cryptos are those that have vital functions in this game.
Can you earn money from playing AXIE Infinity?
In Axie Infinity, the players can have their SLP tokens converted into fiat money. Some of the Filipinos play Axie Infinity whenever they want to earn because of the pandemic.
Where may I purchase AXIE infinity?
You may use Binance and other exchange platforms to purchase AXS coins. You may also have it downloaded for free whenever you feel interested in playing the game.
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