Players spend hours on this game to accrue as much SLP and AXS as possible. When you play Axie Infinity, you get SLP, an ERC-20 (built on Ethereum).
AXS is the governance token, which gives you ownership of the game, and a percent of the revenue.Ĭan Chainlink Reach $1000? Why Axie Infinity Might Fail They earn SLP, which is their in-game currency used for breeding. Players can also farm resources, but the entire economy of this game relies on SLP and AXS (Axie Infinity Shard).ĪXS, which is their governance token and SLP (mainly used for gameplay), has real-world value just like other cryptocurrencies.Īxie Infinity is a play-to-earn game where players breed, acquire, and train tokenized cute monsters called Axies and use them in battle and quests. These activities reward you with their in-game currency – SLP (small love potion). The game’s objective is to breed, acquire, and train these creatures, to complete challenges like battling online. The idea behind this game is to breed furry creatures called Axies that are tokenized as NFTs (a digital collectible that has some value). This Pokémon-style title has approximately 350,000 daily active players at the moment, 40% of which are located in countries like the Philippines, Venezuela, and the US. Launched in 2020, Axie Infinity is an increasingly popular game developed by Sky Mavis Vietnamese studio. The in-game currency is actually valuable outside the game as well: Many of its predecessors like the World of Warcraft and the world-famous life simulation game franchise “The Sims” included one to three-tiered in-game currencies, but none of them had any value in the real world.īut Axie Infinity is changing this. Gamers are already accustomed to the idea of in-game currencies that offers unique functionalities such as buying in-game items and/or progress in the game.Īxie Infinity is one such online game, offering a decent income for their active players.
If you are one of those who see Axie Infinity as an investment opportunity, then make sure to read this.īecause even though the concept of play-to-earn is old, I have found during my research that Axie Infinity lacks the sustainability required of a long-term investment project. Let’s break it down and try to wrap our heads around the problems surrounding Axie Infinity.Ĭan Dogecoin Reach $10? Axie Infinity Explained: In addition, the developers/admins are acting suspiciously, banning players without warnings and manipulating the price of the in-game token. With a high entry barrier of up to $1,000, the onboarding will eventually slow down resulting in a crash in the value of SLP tokens and breeding new Axies not being profitable any longer. Please, remember to do your own research)Īxie Infinity will not last due to the necessity of onboarding new players at an exponential rate to keep the play-to-earn model profitable enough. (I am negatively biased in this article, on purpose, to offer a counterweight to all the over-hyping articles.
I will not hold this investment for the long-term, because I don’t think Axie Infinity will last. I have actually bought some AXS, but not as a long-term investment. There are tons of hyped-up dollar-eyed reviews of Axie Infinity out there, so I thought I’d offer the opposing view. In this article, I’ll take a highly critical look at Axie Infinity.
0 kommentar(er)
