Axie Infinity (AXS) exploded in 2021 as one of the most popular crypto blockchain game investments of the year. In crypto, anything is possible. Even a cute indie video game can outperform blue-chip crypto like Ethereum and Bitcoin.
However, as GameFi titles Heroes of Mavia and Star Atlas surge ahead, the question lingers: has Axie Infinity lost its edge? Here are three things to consider before investing in Axie Infinity.
1. Axie Infinity is Not For Everybody
Axie Infinity isn’t like Call of Duty or Fortnite. It’s best described as Pokémon meets Tamagotchi.
The main purpose of Axie Infinity is to raise adorable tiny creatures called “Axies” and train them to do battle against other Axies. The game allows players to breed, raise, battle, and even trade Axies on the marketplace.
While Pokémon-type games have had success in the past, Axie Infinity’s biggest selling point is playing to earn cryptocurrency.
There’s a whole economy within the game (a world called Lunacia). Every facet of the game allows players to earn in-game tokens which can be used to buy land, farm, or breed Axies or convert your earnings to fiat. Who knew you could pay your rent by playing video games?
2. Many Blockchain Video Games Have Failed
Blockchain technology should make gaming more fun by overcoming traditional technology barriers like centralized studio control and microtransactions. However, what most crypto video games get wrong is they rely heavily on the blockchain aspect as their USP instead of making a fun game first and foremost.
Axie Infinity has done a good job flipping the narrative in this regard.
While Axie Infinity isn’t the only play-to-earn crypto video game, it is one of the most fun to play. It currently runs on PCs or mobile phones, and there’s even a lovable Discord community that helps new players out. In 2020, Axie had around 30,000 users, and now it has ballooned to 382,081 monthly users proving it’s still very popular.
3. People Are Still Quitting Their Jobs for Axie Infinity
Axie Infinity is currently a fan favorite in poorer countries hit by the pandemic, such as Brazil, India, and Mexico. Overall, you can earn a tidy income in Axie Infinity.
On average, users collect between 4000 and 5000 of the in-game currency—Smooth Love Potion and AXS—a month. In July 2021, that was around $1,500.
14% of the GDP in the Philippines was done by @AxieInfinity. Everyone went from working their shitty job to playing Axie Infinity as they were earning the native token $AXS.
Play to earn games are just getting started. I’m bidding $CAH#BILLYORBUST pic.twitter.com/herVlEMIlg
— Rogers Crypto (@rogerscrypt0) October 30, 2024
However, you do need to buy into the game by purchasing three Axies to play. At the time of writing, this will cost around $100.
The AXS crypto also serves as a governance token on the platform or a share, giving you voting rights on how the game is run in the future.
Bottom Line
Axie Infinity stubbornly refuses to disappear, standing apart from the waves of temporary GameFi fads. What it lacks in technical polish, it makes up for with a dedicated community and the opportunity for solid earnings. Hundreds of dollars a month isn’t out of reach for most players, and for the lucky ones, the potential climbs much higher.
If you want to invest in a crypto video game then Axie Infinity is still a project to keep on your radar.
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Key Takeaways
- AXS exploded in 2021 as one of the most popular blockchain crypto game investments of the year.
- What it lacks in technical polish, it makes up for with a dedicated community and the opportunity for solid earnings.
The post 3 Things to Know Before You Buy Axie Infinity appeared first on 99Bitcoins.
