Axie infinity: the popular game to earn money
Axie Infinity is one of the first blockchain-based games using NFTs and the Play-to-Earn concept, set in the metaverse. But how does the AXS token react to the overall crypto bearish trend?
Axie Infinity: what it is and how the blockchain game works
Made in 2017 by Vietnamese studio Cloud MavisAxie Infinity is one of the first games based on the Ethereum Blockchain.
Basically, the game involves users collecting Axies as virtual pets, with ambitions to fight, breed, collect, grow and build kingdoms for their axes.
In addition, the Axie Infinity universe uses a design that allows players own their virtual assets in the Non-Fungible Token (NFT) format and achieve an advanced skill level.
To start playing, users need to set up their crypto wallet and interact with the digital marketplace buy their first 3 axeswhich is essential to be able to download the app and start playing.
Axier are NFTs with different factors such as rarity, experience, attributes and type, with prices ranging from $30 to $1000 each.
Axie Infinity: NFTs and the Play-to-Earn Model
The blockchain game has quickly become one leads as a game with NFTsrecord highest ceiling with its sales last November 2021, at 40 million dollars in one day.
according to data At the time of writing, however, sales of Axie NFTs have also suffered, precisely during this year of the general bear market, falling yesterday to $10,000.
At the same time, Axie Infinity was also one of the first games on the blockchain to introduce the Play-to-Earn (P2E) model, which rewards participants by adding value in various ways to the game’s world or ecosystem.
Play-to-Earn was introduced through two simultaneous changes: the introduction of Love Position as a requirement to breed Axies (thereby increasing the difficulty of breeding – the “mining difficulty” version), and the ability to earn Love Potions simply by play the game.
This past March, Axie Infinity increased transaction fees in honor of the creator rewards program. In particular, fees increased from 4.25% to 5.25%. Thus, Axie Infinity players can enter a code from a specific content creator so that the extra 1% will be paid out to that creator.
AXS metaverse token and price fluctuations
Despite leadership and distinctiveness, The Axie Infinity (AXS) governance token has not always been supported by users.
And indeed the price of AXS also fell to $100 at the beginning of January 2022, while today AXS is worth $6.31 and ranks 60th in market value. This is a net price drop following the long crypto winter.
