After the pandemic hit, there has been a rising number of people investing in the digital market. The digital market is creating massive opportunities, from the promising Pudgy Penguins, Gutter Cat Gang, Bitcoin to the bright Safemoon investments and now Axie Infinity Players.
Imagine playing a video game and earning from it? That is what gaming cryptos like Axie Infinity are doing.
What is Axie Infinity?
Axie Infinity is not only an NFT based economy but also a play-to-earn kind of game. Take it as a fun way to invest in blockchain. Players earn Ethereum tokens AXS (Axie Infinity Shards) and SLP (Smooth Love Portion).
How Do Axie Infinity Players Earn?
After players complete a quest, they gain rewards either in AXS or SLP modes. The player then decides if they want to sell, make more or purchase virtual land (the land qualifies as an NFT).
With more people joining, the cost keeps rising. To start, you’re required to buy three Axie (their quantities are limited). It is important to note that the quality of the team affects the yield. The higher the quality, the more the yield.
Interestingly, those who can’t afford to get into the game on their own can get sponsors.
Sponsoring new players and buying more creatures is an excellent way to earn passively on the platform. Players spend 50-80 days playing to recover their investments and make close to fifteen dollars a day.
Axie Infinity Sale Statistics
Founded in 2018, the play as you earn game has gained popularity over the years and made over one billion dollars in sales. It made history as the first game to hit the billion mark.
Axie’s top players are earning close to 435 million dollars daily. More than two million transactions have been made so far.
This year has been a successful one for the game. In April, the sales shot up, with sales moving up progressively from $4 million to more than 630 million dollars.
The future of Axie Infinity is, without a doubt, bright. Maybe that’s why many people are quitting their jobs to join the company.
Conclusion
Before investing in any cryptocurrency or the digital market, it is good to do a ton of research and weigh the products’ long-term potentials before buying. Since it is not licensed to run in the United States, it can be risky.
On the bright side, Axie Infinity is top in the gaming crypto world. The team behind it is also very knowledgeable when it comes to gaming and the digital market. Billionaire Mark Cuban invested! So, it might be worth it. The sales also keep growing, it also has positive reviews.
It is up to you to weigh your options. Stay with us for more cryptocurrency news.