Axie Infinity is one of the most successful and renowned titles among technology-based games blockchain, and it is because of its game proposal and because of the formula by which users are generating income through it. To summarize it in an understandable way, the title is based in gathering the best Axies, creatures that we can then use to fight against others players O against game AI. With a Pokémon format and a familiar visual style, the idea is to be able to breed and improve our creatures and get rewards in the form of tokens that we can then exchange for real money.
Each one of los axies is itself a NFT (non-fungible token), so they are unique and exclusive in some way. Once we buy them, we have to improve them by playing both in the story mode and in the arena and overcoming daily challenges. As we win, we add rewards that we can use to enhance their qualities and thus face more powerful opponents. All this makes us get virtual money to improve our character or trade with them to get more rewards. There it goes el play-to-earn.
Dedicating several sessions a day, and using wisely the advantages offered by the game and the qualities of our axies, we can earn several dollars a day based on tokens. The SLP token is the one we receive as a reward for each battle won. And these SLPs, a posteriori, we can invest in raising our axies or, when we want, sell them through Uniswap, an exchange platform that allows us to exchange these tokens for Ethereum or others. tokens O cryptocurrencies, and these at the same time for real money on any exchange.
In addition to SLP, we also have a cryptocurrency linked to the game Axie Infinity: AXS.Created by Sky Mavis, parents of Axie Infinity, it serves as a reward for the best players in each season of the game. A currency that serves in turn to support the community treasury and the development of Axie Infinity, and that since August 2021 its value has risen by 220%. Many players decide to trade unlimited SLPs for AXS, which is offering great returns in recent months.
Platforms like bitpanda They allow you to invest in AXS from one euro easily and safely, since it is a fintech based in Europe (Vienna) and that already has 3 million users who trade with some of the most important digital assets of the moment, such as Bitcoin, Ethereum, and more.
In summary, Axie Infinity it’s a style game Pokémon in which you collect creatures, upgrades and compete with them against other players (PVP) or against the machine in exchange for rewards that can later be converted into real money. The game currently generates more than $ 85 million per month and can be downloaded for free at iOS, Android, Mac y Windows, although to play you have to buy the Axies to get started.
At this point, you will surely have some doubts about the terminology and the operation of this type of game that we are going to relate below and its relationship with Axie Infinity.
¿Ques the blockchain?
It is a mathematical structure that stores data in an almost unfalsifiable way and that allows digital information to be transferred through independent nodes, which validate all information anonymously, without intermediaries. Axie Infinity works over this type of network.
¿Quwhat are the NFTs?
NFTs are digital assets that apply a concept of value and collecting to digital objects. They are exclusive digital elements, of which there is only one and no two are alike. The NFTs identify that digital image as the real and verified one. The idea is to give a sense of exclusivity to something non-tangible, to certify that this (digital) object is unique. This, in the real world, is easier to understand: the painting of a painter is the one we have on the wall. This is the same thing here, but with digital elements that cannot be divided or destroyed. The Axies, the creatures of the game, are NFT because each one is unique in some way.
¿QuIt’s es un Play to Earn?
Play to Earn games are games where players can earn rewards, even money, while playing the game itself. This happens in Axie Infinity: with daily missions and story mode, in addition to battles with other players, we can obtain rewards in the form of tokens that have a tangible value in real money.
¿QuAre you a token?
A token is a digital asset that is used within the ecosystem of a project and needs a blockchain platform to function. In the case of Axie Infinity, SLP is a token that works within the game in different aspects and all of this works on the Ethereum blockchain, one of the most important today by volume of transactions.
¿QuIt’s is it Bitpanda?
bitpanda is a platform in which we can invest in cryptocurrencies, in addition to other assets such as stocks, ETFs or metals. It allows you to invest in cryptocurrencies like AXS from small amounts and it works very simply, with the ability to take out your investments and convert them into euros quickly and safely.
To conclude, Axie Infinity is a game that works on the Ethereum blockchain and is based on a play-to-earn model, where we can collect axies, creatures in the form of NFTs (therefore exclusive) to breed, improve, sell them and get rewards in the form of tokens or cryptocurrencies (SLP or AXS) that you can later exchange for euros through exchange platforms.