While 1 SLP is currently only worth 9 Euro cents, 1 AXS coin is worth EUR 75. And there is potential, and precedence, that it can be a lucrative endeavor indeed. Ether can then be converted into a Fiat currency, i.e. The value is determined by the current Ether price, which can be tracked using platforms such as Binance. The goal of the game is to have the most-valuable collection of Axies. Those who have them in their possession can make an active contribution to the game’s future lay out. Where SLPs fulfill a similar function to “experience points” and are necessary to progress in the game, AXSs are a so-called governance token. To do this, players must pay a combination of SLP and Axie Infinity Shards (AXS), the game’s second crypto-currency, which is capped at 270 million units.
In addition to campaigns of aggression, users can be factories of war of a sort and breed, feed and drill their own Axies, thus raising an army-or an inventory. And to the victors of Axie skirmishes go the spoils, in this case coins of cryptocurrency Small Love Potions (SLP). Each monster and every piece of gear is a non-fungible token ( Check out our recent NFT explainer if you are in the dark on NFTs), meaning ownership can be easily verified. Making money with merrimentĪxie Infinity is a new way of using Ethereum blockchain technology for purposes of fun, namely by combining it with a play-to-earn model. More than a million users log onto the platform to play daily, where they purchase land and gear, feed, breed and drill their “Axies,” who they can either then send into battle versus others or sell-for actual crypto cash. Axie Infinity is a turn-based online card game-and the blockchain game du jour. Instead of Pokémon, we’re battling hordes of small round monsters called “Axies.” And instead of being locked in on Gameboy, the game is played on desktop or, of course, your mobile. The core struggle has parallels with Pikachu’s never-ending scrap with a wild Pidgey. Is the business poised to stick around for the long haul or a flash-in-the-pan house of cards set to come tumbling down? An out-of-this-world success primarily driven by a simple factor: players can earn money while playing. Last month, Axie Infinity became the world’s valuable NFT collection on the planet.