In South-East Asia, this has been especially prevalent with many across Indonesia, the Philippines and Vietnam taking up the game to cover their bills. Without jobs and with plenty of time on their hands, there was an incredible shift towards Axie to make ends meet. When the pandemic hit the world, many people were left without a financial backup.
And because of the play-to-earn model, winning is earning. Axie is beyond a game: it’s a businessĪxie demands skills and strategies. And it’s a strategy that many are taking. The implication here: If you become good enough, you can make a career from it earning SLPs and selling them for fiat. This means that they can be traded and sold for fiat currencies – setting the game apart completely from others like it. SLPs are used in-game to create and train new Axies, but are also the native cryptocurrency for the game and are developed as an ERC-20 token. These are not only a fundamental part of the game, but they’re the driving force of the platform’s economy. Players battle others and complete quests and are rewarded with little tokens called Small Love Potions (SLPs). In a quick little nutshell, Axie Infinity is similar to Pokémon – a game focused on breeding, training, and battling little creatures (Axies). Axie Infinity is the name and the game and we’re going to take a look at how and why it’s a worthwhile piece of the gaming pie. One game in particular is making waves in the industry. While gaming as a whole has grown, there has also been a spike in a new innovative gaming experience that is setting itself to turn the industry on its head: Play-to-earn games. And the surge is inspired by people seeking entertainment during the pandemic lockdowns. The industry is expected to reach a massive $314.40 billion by 2025, up by nearly 10% from where it stands currently. Gaming is one of the world’s fastest-growing industries. What is Axie infinity? if you’re asking yourself this question, you’re in the right place. As the game becomes more and more popular, we might just be heading for an explosion of opportunity, not only in the Axie world but in the play-to-earn industry as a whole. Axie Infinity is one of the biggest play-to-earn games available and it’s stirring a scene in emerging markets. Play-to-earn is a disruptive model that flips the current set-up and allows players to earn tokens to make a living from the game. The current pay-to-play and free-to-play models are designed so that studio-houses profit while the player is only rewarded with entertainment.
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