Axie Infinity – the NFT game that’s sweeping the Philippines

Axie Infinity shows that cryptocurrency is more than digital money. The crypto craze gave rise to numerous blockchain games like Axie Infinity. What’s more, it allows Filipinos to make ends meet during the pandemic by playing a video games.

Let’s start by explaining Axie Infinity as a game and a cryptocurrency. Then, we’ll explain how people in the Philippines are earning money from the game. You’ll see another side of crypto that may change the world beyond electronic money.

People tend to forget the wondrous blockchain behind bitcoin and other cryptos. Yet, it has numerous applications that could change fields outside finance. Specifically, Axie Infinity shows the possible next step for gaming with its play-to-earn model.

What is Axie Infinity?

Most people typically don’t know video games as a typical means of earning money. Yet, the e-sports industry has players earning millions from competitive gaming.

It’s not an option if you’re a casual gamer, though. You’ll need to train for hours, similar to an athlete. Enter Axie Infinity, giving the world a new way to play.

It came from the minds at Vietnamese company Sky Mavis. Axie Infinity is also known as an NFT game. Owning one means having a unique copy registered in a crypto network.

The game’s like a mix of Pokémon and Animal Crossing. Players have a team of adorable creatures called Axies. They may battle other players or enemies controlled by a computer.

What are AXS coins?

What’s more, players earn rewards whether they win or lose! They get in-game items and Axie Infinity Shards (AXS). It’s an ERC-20 governance token used in the Axie marketplace.

They could use their AXS coins to buy and sell game assets. For example, they could purchase new additions to their Axie team. Players may sell Axie creatures in the market as well.

Also, they could purchase land that produces resources and more AXS coins for players. Moreover, you may buy items to decorate and improve your plot.

There are 270 million AXS coins. At the time of writing, each is valued at $3.96. Similar to other cryptos, it’s available on exchange platforms like Binance

What is a Small Love Potion (SLP)?

Similar to NEO, Axie Infinity uses 2 tokens. Besides AXS coins, it has Small Love Potions (SLP). Players need them for breeding Axies.

They earn SLP coins as they play the game. They earn the tokens by competing against each other or computer-controlled enemies.

More importantly, it’s the key to earning money from Axie Infinity. Players could sell their Axies in the Axie marketplace. Each has a corresponding price in Ethers (ETH).

Players could turn their SLP tokens into money in crypto exchanges like Binance. It’s a great money maker for many people due to the pandemic.

At the time of writing, an SLP coin is worth $0.0179. Supply is capped at 430 million coins. You may also buy them on crypto exchange platforms.

Axie Infinity is a life-saver for Filipinos.

The NFT game shows the world a new way to play. For the Philippines, it’s a much-needed way to earn. At the time of writing, the country is still dealing with COVID-19.

Like other nations, its economy closed down to contain the virus. Unfortunately, it caused unemployment to spike by 40%. Many Filipinos are at a loss on how to make ends meet.

Thankfully, Axie Infinity lets them earn in the meantime. An old couple from Cabanatuan City earns extra while manning their store. A young Pinoy uses it to buy medicine.

As of May 2021, Axie Infinity’s player base has 60,000 active users. It’s likely to increase further since Pinoys earn around ₱10,000 a week from the game.

Gabby Dizon sees it as an opportunity for the country. His group Yield Guild Games wants the Philippines to lead the new “Leisure Economy.”

YGG would help Filipinos earn from playing Axie Infinity and other NFT games. What’s more, it will allow Filipino artists to make money from creating NFTs.

Recently, 22-year-old John Aaron Ramos struck it big with Axie Infinity. He announced on social media that he just bought two homes after playing the NFT game. Here’s what he said:

“I believed in AXIE’s ability to lift us up, I held an SLP, paid attention to the trend of AXIE Community and did some research […] then I played with the price of SLP to have enough funds to buy two houses and one team.”

Playing as “Magnus TV”, he earned it from Small Love Potions (SLP). The token’s price skyrocketed from $0.035 to $0.20 on April 24.

Now, Ramos helps fellow Filipinos in the AXS sponsorship program. He donates SLP to Axie players to help those who may not afford their first team of creatures.

Should you invest?

Photo Credit: AxieInfinity.com

Big names like Mark Cuban invested in Sky Mavis. They see that blockchain technology will play a major role in the future. Axie Infinity proved that cryptos could change gaming.

What’s more, Axie Infinity will add new features. One of them is AXS staking. It allows AXS coin holders to vote on changes to Axie Infinity. Also, they could earn rewards.

Nowadays, video games are bigger than the music and film industries combined. On the other hand, cryptos are trending worldwide despite some setbacks.

That’s why SLP and AXS coins are very promising. As games and cryptos grow popular, their prices will grow along with them. However, the recent Bitcoin crash may slow that growth.

As a result, the internet’s flooded with bad news about crypto. What they don’t tell you is that the stock market is also experiencing wild price changes!

The pandemic changed the world economy as we know it. Investors are trying to avoid risk, causing these unruly price movements. Yet, it’s all part of investing in anything!

Investing means seeing your portfolio lose value sometimes. Lots of things can mess with your options. Still, you should keep calm and HODL (hold on for dear life).

If you wait long enough, the bad times will pass. Then, the prices will go up again. All investments have highs and lows. The whole economy goes through them as well.

How do I invest?

Photo Credit: AxieInfinity.com

You only need to buy most cryptos to invest in them. However, Axie Infinity shards work differently. If you want to get the most of them, you’ll need to play the game!

1. Download a digital wallet like MetaMask. You can get it on Android, iOS, or Google Chrome on PC.
2. Load it up with Ethers. You could buy them from Coinbase, Binance, or other platforms allowed in your area.
3. Download Ronin Wallet, then put your ETH in it using Ronin Bridge.
4. Buy at least 3 Axies from the Axie Marketplace. If you don’t have enough Ethers, joining a scholarship program could help.
5. Login with MetaMask using Axie Infinity’s page.
6. Download the game using this link. You could play it on your PC’s internet browser. Also, you could get it on iOS and Android.
7. Check this gameplay guide to learn the ropes.

Why would you need to play Axie Infinity? Well, it lets you understand more about your investment. See for yourself if the game’s all it’s cracked up to be.

What’s more, it lets you get the most out of your AXS coins. Once the staking and voting upgrades come, you’ll be able to use them.

Moreover, you may have fun earning more coins. Maybe you’ll enjoy the game. You could get more AXS and SLP coins while having fun!

Final Thoughts

Axie Infinity shows the world how cryptos could change gaming. Yet, other cryptos explore its potential in different directions. Buying just one crypto limits your investments.

That’s why you should find more coins for your portfolio. For example, OXT coin mixes VPNs with crypto. LINK coin connects real-world and on-chain data.

If you’re getting SLP and AXS coins, you might as well get ETH coins too. After all, these coins are connected. Buying a few of each lets you boost your returns.

More importantly, it’s best to buy during the Bitcoin crash. Most of the coins have especially low prices right now. Get a bunch now to receive bigger returns once the market recovers!

Learn more about Axie Infinity

What is the AXIE Infinity game?

It’s an NFT game made by Sky Mavis. AXS coins and SLP tokens are cryptos that have important functions in Axie Infinity.

Can AXIE Infinity make money?

Players could convert their SLP tokens into fiat money. Some Filipinos play Axie Infinity to make ends meet during the pandemic.

Where can I buy AXIE infinity?

You could buy AXS coins on Coinbase, Binance, and other exchange platforms. If you want to play the game, you may download it for free.