Axie Infinity - What's Behind the Hype and Can You Still Make Money?

cryptocurrency 8 months ago

Axie Infinity is the hottest topic in the crypto world right now and with one of the game’s tokens, climbing more than 2,000% in the last two months! 🚀 Save money on every crypto trade you make with StormGain! Enjoy a onetime 0.1% trading fee with this link: According to the most recent Blockchain Game Report from the Blockchain Game Alliance , over 804,000 unique active users connected to blockchain-based games in July. The trend indicates that while the novel industry is in the throes of speculative activity that’s driving up volatility, the gaming segment is quickly growing its user network. Launched in 2018 by Vietnamese developer, Sky Mavis, Axie Infinity is a play-to-earn game inspired by the popular video game franchise, Pokemon. The game features Pokemon-like creatures called Axies, and their powers can be traded and exchanged as non-fungible tokens on P2P marketplaces. Players who invest several hours a day earn anywhere between $8 to $40, depending on their Axies, powers and incentive during game play. To start playing, traders deposit Ethereum to Ronin wallet – Axie Infinity's sidechain d to Ethereum – and buy Axies. Buying two Axies and breeding them for the third is one of the most popular strategies. Three Axies are needed to play the game with a reasonable profit. Players develop a passive income stream by buying additional creatures and offering scholarships to new players who cannot afford their Axies. The revenue is derived from profit splitting between the scholarship provider and the player. Though there are costs that players incur every step of the way – buying Axies (about $800), breeding them, and so on. Every time a user sells an Axie on an NFT marketplace they can earn an average of $270. Traders play 50 to 80 days to recover their initial investment of $800, and then they can expect to earn anywhere between $10 to $15 a day by playing the game. 📊 Join our global trading community on Telegram. Get access to a free trading course, trading signals, and receive help from professional cryptocurrency traders. ✈️ JOIN NOW!: TWITTER: FACEBOOK: INSTAGRAM: TIKTOK: Disclaimer: Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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