What is Axie Infinity?
Axie Infinity is not just another game; it’s a phenomenon that blends the thrill of monster battles with the intricacies of blockchain technology. Based on the ever-popular Pokemon theme, it incorporates NFTs (non-fungible tokens) to create a whimsical world where players can buy, breed, and battle their Axies. And, spoiler alert: this isn’t just for fun—it’s for profit!
The NFT Marketplace: A Goldmine or a Gamble?
In the last month alone, the Axie marketplace has seen over $600 million in transactions. Yes, you heard it right! With players trading Axies like they’re Pokémon cards in the 90s, the rarity of each creature adds to its value. Imagine setting your high score while also scoring big bucks—what’s not to love? But before you dash off to buy that ultra-rare Axie, be prepared for some costs. Like a game-slaying dragon guarding treasure, these creatures come with their own hefty price tags.
- Rarity Matters: The stronger the Axie, the higher the price.
- Breeding and Buying: This can set players back thousands.
The Rise of Guilds: Scholarship and Support
With great costs come great guilds! Enter the world of guilds that fuel the dreams of aspiring players. They cover upfront expenses and offer guidance, their mission: to create a thriving community out of sheer digital chaos. Singapore’s own CGU (Crypto Gaming United) is a prime example. With a whopping 100,000 Discord members, they are scouring the virtual cosmos for new scholars to join their ranks.
“Players aren’t required to pay anything to start playing. We fund all characters/NFTs costs via scholarships,” says Sergei Sergienko, co-founder of CGU.
Earnings Potential: More than Just Play
Now let’s talk numbers! Top players can earn up to 680 Smooth Love Potions (SLPs) daily, while dedicated players invest around six hours of gameplay. Meanwhile, others can make about $120 for a not-so-slim 60 hours of play a month—definitely more lucrative than your average fast-food job in some countries!
Average Earnings Snapshot:
- Fab Players: Up to 680 SLPs/day
- Casual Players: ~$120/month for 60 hours
This kind of income has bettered the lives of many players in the Philippines, Russia, Cuba, and beyond. Who knew slaying monsters could lead to slaying bills?
Looking Forward: Beyond Play-to-Earn
While play-to-earn offers an exciting avenue for income, CGU isn’t resting on its laurels. They’ve ventured into crypto-freelancing with LaborX, creating a safety net for their gamers in case the hype dies down. Smart move? Absolutely! As they say, don’t put all your Axies in one basket!
“Play-to-earn may well be a passing phase…we’re looking at the greater opportunities for all our people.” – Sergei Sergienko
