For those of you fans of blockchain-based games, one that is trending is Axie Infinity. In a game inspired by Pokemon, users can collect NFT tokens, battle, build land in the kingdom. For gamers, this will be an interesting challenge and allow users to make money from cryptocurrency.
In this game, players must have Axie first to play. These Axie are known as NFT. It is a Unique tradable token.
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- 1 What is Axie Infinity?
- 2 Axie Infinity founder team
- 3 When was Axie Infinity release?
- 4 How does Axie Infinity work
- 5 Can Axie Infinity make money?
- 6 Does Axie Infinity need money to play?
- 7 Axie Infinity scholarship
- 8 How to play Axie Infinity
- 9 Device to play game
- 10 AXS token in Axie Infinity
- 11 Axie Infinity in Malaysia
- 12 Should I invest in Axie Infinity?
- 13 Axie Infinity price prediction
- 14 Final Thought
What is Axie Infinity?
Axie Infinity is an Ethereum (ETH) blockchain-based game with a non-fungible token (NFT) ecosystem.
How to play the game as the player they need an Axie in order to play. Axie themselves are referred to as NFT. Where players can store Axie in a personal wallet, transfer them to another ETH address, or trade them with other players using a blockchain-based marketplace.
This game is an ETH-based collection. This game uses a turn-based fighting style with Axie as the character. These Axie are described as Pokemon that have various skills in them. You will use Axie/Pokemon to fight in PVE or PVP.
Tokens in this game use Small Love Potions (SLP) which you can get by playing Axie Infinity, then they can be exchanged for ETH.
Axie Infinity founder team
The Axie Infinity game was released in 2018 and was developed by a Vietnamese startup, Sky Mavis. The development team consists of 40 full-time members who worked on developing this game.
While the inventor of this game consists of several individuals as follows:
Trung Thanh Nguyen
He served as CEO of the game Axie Infinity, he is a person who plays a role in the product marketing of a leading company in Vietnam. He was once the CTO and also Co-founder of Lozi.vn which is the first startup in Vietnam and is still operating today.
Aleksander Leonard Larsen
He served as COO within Axie Infinity. His experience in the field of gaming is unquestionable. He serves as the board of directors of the Blockchain Game Alliance. Prior to discovering Axie Infinity, he had worked in Norway as a content creator for competition games.
He played an important role as Art Director and Game Designer to develop the game Axie Infinity. His duties include art direction and many game design concepts. He also contributed to the startup lozi.vn. Experienced Head of Design, and he is also a co-founder at Lozi.vn.
He serves as CTO and is responsible for the technical field as an engineer. He graduated from Nanyang Technological University, Singapore and has work experience in Anduin Transactions, and interned at Google and Paypal.
His job in the Axie game is to grow the development community. He is a collector of fossils and insects who later poured himself into thinking about collecting them in NFTs.
When was Axie Infinity release?
The Axie Infinity game was relatively new launched in March 2018 when compared to the Crypto Kitties game which was first launched in November 2017. The development of the number of users is increasing from year to year as a result of the popularity of Axie Infinity.
This game is very popular especially in the Philippines in 2021 according to the Wikipedia page. The game that pioneered Play to earn, or in other terms Pay to play to earn, where players can earn tokens that can be traded on Binance as an Ethereum-based currency.
In 2019, Sky Mavis, the developer of the Axie Infinity game, managed to raise more than 1.5 million USD and increased in 2021 to 7.5 million USD. One of the well-known financiers of cryptocurrency investors is Mark Cuban.
Other lenders who are large corporate investors are Animoca Brands with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.
How does Axie Infinity work
This game may be somewhat similar to Crypto kitties, wherein the game Crypto Kitties are bred by cats, but in Axie Infinity they are bred NFT which is a reflection of a Monster.
Players engage in battles, which earn tokens, and with these tokens can breed new monsters. The more you collect the more you can breed monsters.
The monster which is an NFT is imprinted on the blockchain, which is unique, immutable, and tamper-proof.
In the real world, NFT is reflected as a result person’s real effort in doing his job, so it has value. Just as banks ascertaining the value of money, NFTs that are printed without duplicates have values that may be more expensive from one NFT monster to another.
In traditional games, in multiplayer games, there is an economic value when a weapon has to be bought for real money. However, it is still prone to duplication so there is no uniqueness, while Axies is an NFT that has uniqueness, so there is only one monster without any duplicates.
Can Axie Infinity make money?
Players of the Axie Infinity game can make money in cryptocurrency, as it uses an Ethereum-based token, which can be traded on exchanges like Binance.
This game is better known as play-to-earn because to start it also requires funds to get Axies which is the capital to start playing.
Does Axie Infinity need money to play?
You need to know if to start this game is not free, to start you need at least 3 Axies which are NFT monsters.
You can choose Axies on the Axie Infinity marketplace, where the price of each NFT monster is different from one another. the lowest price at the time of writing was $179. There’s even an Axies monster that costs $10,000.
So for example you buy 3 Axies for $200 it will require at least $600 to start playing. High-priced NFT monsters have different abilities at lower prices. That was the reason each monster had a different price.
Axie Infinity scholarship
To start the Axie Infinity game by buying 3 Axies, it may be quite expensive for some players. Because the lowest price for one Axies is between hundreds to thousands of dollars.
But for those who don’t have the capital to play Axie Infinity, this game introduces a program called Scholarship. What is the Axie Infinity Scholarship?
Scholarship Axie Infinity is a scholarship program created for players who don’t have the capital or don’t want to buy Axies. They’ll get Axies loaned by the Manager. The manager is the guy who has a lot of Axies but doesn’t have the spare time to play them all.
The Manager will later lend the three Axies that are not played to the selected person who will be awarded a scholarship. The SLP income for the Manager and the person awarded the scholarship will later be divided (based on the agreement of both).
Scholarship profit sharing
The player’s earnings from the Axies played by both will be divided by 60:40. In this case, the Manager gets 60%, while the person who gets the scholarship is 40%.
However, the income may be divided equally into 50:50, depending on the agreement between the manager and the scholarship recipient. A good manager will usually provide information about Axie Infinity, in the form of initial steps to start this game. It will reduce the risk because to start this game requires a fairly large amount of funds.
How to Manager create a scholarship program
The manager provides in the Axie Infinity Scholarship program:
- 3 loaned Axies.
- Education about Axie Infinity.
- Steps to get lots of SLP.
- Support to the community.
To create the Axie Infinity Scholarship, a manager needs:
- Google Chrome or Firefox.
- MetaMask Account.
- Ronin Wallet account.
- Axie Infinity Account.
- 3 Axies to lend.
How the Axie Infinity Scholarship Works
The manager will create a Ronin Wallet account dedicated to the Scholarship. Then he logged into the Axie Marketplace using the Ronin Scholarship account using the main MetaMask account. Next he sends the Axies in the Ronin main account to the Scholarship account using the “Ronin address”.
The Manager will later provide a QR code that can be used to log in to Axie Infinity via Android. However, if using a PC, scholarship participants must use the email and password from the Manager’s account.
Furthermore, the manager can monitor the SLP income of scholarship participants by using a scholar tracker.
How to play Axie Infinity
To start this game, you need the following steps.
- First, you visit the site www.axieinfinity.com via a browser.
- Step two click the Marketplace page tab at the top. Here you have to create two crypto wallet accounts, namely MetaMask and Ronin Wallet.
- When successfully registering, you can immediately click login using MetaMask.
- Go to Account and select “Deposit to Ronin” (to transfer ETH in MetaMask to Ronin Wallet)
How to buy Axies:
- Go to Marketplace.
- Next choose the Axie you want to buy. You have to buy three Axies first. The lowest price for Axies is usually around $100 or 0.050474 ETH. The price of Axies is adjusted according to the Axie’s status and ability level.
- When successfully buy, Axies will be automatically saved in your Inventory.
Download the Axie Infinity game app
- Go to www.axieinfinity.com site via browser.
- Click the “Play Now” button and select want to play on Android, iOS, PC, or Mac, download the app.
- When you have successfully downloaded, install aplication.
- For PC or Mac, you can log in using an email account registered on the Axie Infinity Marketplace (Ronin Wallet).
- As for Android, it uses the QR Code contained in the Axie Infinity Marketplace account.
- After successfully logging in, you go to the Axies button in the bottom left corner then press “Sync Axie”.
- Axie in the Inventory Marketplace will be automatically detected and you can play the game.
Device to play game
Sky Mavis built this Axie Infinity game compatible with the operating system on smartphones and PCs. It supports both Android and Apple operating systems. As for the PC, it can run on Windows and Mac.
If you want to play using a laptop or computer, the specifications that make playing smooth are at least 4 GB RAM, onboard HD graphics, Win 10 x64 architecture.
If you want to play this game via android, you can download the apk file directly from the Axie Infinity source, it will reduce your risk of downloading applications that contain malware.
AXS token in Axie Infinity
AXS is the native token of Axie Infinity, which is the glue in the community that has a function to secure the network. Token holders can stake, and also have voting rights for network governance. It also allows playing games in the entire Axie Infinity universe.
The total supply of AXS tokens is 270,000,000, which is currently 23% circulating, or 60,907,500.00 AXS, according to data from Coinmarketcap. AXS’s current price is $135.37.
While the token allocation is as follows:
- Staking rewards 29%.
- Sky Mavis 21%.
- Play to earn 20%.
- Public sale 11%.
- Ecosystem fund 8%.
- Advisors 7%.
- Private sale 4%.
Axie Infinity in Malaysia
Game Axie Infinity is a founder from Vietnam, but most users are from the Philippines. And the game is global in scale, players from Malaysia can buy AXS on popular exchanges like Binance.
Should I invest in Axie Infinity?
Although this looks like a fun game, this game is risky in the long run, allowing the server to go down, and can have an impact on user accounts.
Just like forex trading, the Play to earn game also faces possible risks, if you play wrong.
But the game is also very interesting, as it proves to be at the top of the NFT project, at the time of writing. Staking AXS is an alternative to investing in the Axie Infinity environment.
Axie Infinity price prediction
Axie Infinity has reached a market cap of more than 7 billion USD, it is very interesting for experts to predict the future of this game.
Wallet Investor notes that AXS is awesome for the long term, in 2022 they forecast the price to reach 386,417 USD. And the price for the next five years or 2026 price of AXS could reach 1365,800 USD.
Price Prediction publishes AXS forecast for 2021 with an average price of 152.07 USD. 2022 price 214.58 USD. 2023 the price is 317.91 USD. 2024 the price is 448.61 USD. 2025 price 639.25 USD. 2026 the price is 928.86 USD. 2027 the price is 1,310.86 USD. 2028 the price is 1,886.23 USD. 2029 the price is 2,687.54 USD. 2030 price 3,755.99USD.
Longforecast forecasts AXS 2021 averaging $148. 2022 average price $228. 2023 average price $318. 2024 average price $174. 2025 average price $457.
Coinquora forecasts the AXS 2022 to average a price of $250. 2023 the average price is $350. 2024 the average price is $500. 2025 average price $720.
Axie Infinity coin price
AXS price history since November 2020 is in the range of $0.13. The price reached $1 in February 2021, Since then the price has been steadily increasing, to $4 in March. Then it rose again in May at $9.
Prices rose sharply in July, touching $26. and it continued despite the drop at $16. And drove to a new high in August touching $73. Since then the price range has remained high between $56-$81. And the price formed an all-time high in November by touching $150.
Game Axie Infinity is a game to collect NFT monsters. The game is very interesting but requires expensive capital. But this game is getting more and more popular because many investors are diving in to profit from this game.
Note: This article is for information only and does not constitute investment advice. All risks are the responsibility of each investor.
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