Top 6 Less Known Facts About Axie Infinity

The NFT gaming industry is growing more expansive year after year. The truth is, it is becoming a fast-rising financial community as it is consistently wooing major investors from different parts of the world. Since 2018, one name has been constant in the NFT gaming world with massive hype everywhere – Axie Infinity.

Unless you are not a game enthusiast, you should have played or watched friends playing the game before now. Reading this article is enough reason you are interested in the game. Truly, Axie Infinity deserves the hype and the ever-rising number of users from different parts of the world. 

First, Axie Infinity is a crypto-compatible NFT game that allows players to earn Ethereum in the form of in-game tokens called Smooth Love Potion (SLP) and Axie Infinity Shard (AXS). These tokens have value in the US open market. So, you can use it to trade, buy or sell anytime, anywhere.  

How would you feel to hear that both Axie Infinity Shard (AXS) and Smooth Love Potion (SLP) have experienced dramatic growth in recent months? It’s something noteworthy. Of course, Axie Infinity is a game you need to play. Aside from the financial benefits, it offers generously; you will always be caught up in the amusement of the game.

But, before you take the plunge and dash to the company’s official website to download the game, you must know the essential facts surrounding the entire Axie Infinity concept. Are you ready? Here are the best eight.

1. Axie Infinity is a crypto-compatible game

Axie Infinity is a play-to-earn game that allows you to earn Ethereum in the form of in-game tokens. The Axie Infinity tokens are Smooth Love Potion (SLP) and Axle Infinity Shard (AXS). You can earn SLPs while you complete your daily quest, compete in the battle arena, or breed axies for trading.

Axie Infinity allows players to own digital assets which are potentially cryptos on screen. These digital assets are cute little creatures called Axies which are non-fungible tokens (NFTs). You can trade those axies and exchange them for hard cash. 

One fascinating thing about Axie infinity is that you can hold your in-game token in your bare hands as hard cash. Yes! Is that possible? Better still, you can use your in-game tokens to purchase real-life goods and services.

2. There are several Play-to-earn games aside Axie infinity

Axie Infinity is not the only play-to-earn game if you don’t know. So, if at some point you discover some downsides of Axie Infinity that you can’t cope with, you can easily switch to another game. You can read more about play-to-earn games by visiting https://www.techtimes.com/articles/271165/20220128/play-to-earn-games-simply-explained.htm

Though, Axie infinity seems to be the loudest name amidst the pool of competition. Yet, there are many more with equally juicy financial benefits. What makes Axie infinity so different is that the developers are consistently developing the products adding more exciting features to make the game more enjoyable. Then, Axie Infinity has its community. 

3. Axie Infinity requires you to make an initial investment

Many people don’t know this fact until after downloading the game and playing it. As much as everyone wants to participate in the game community, the truth is that you need to make the opening investment to purchase your starter team of three axies to play the game.

If you‘re an investor, you might be interested in buying Axie Infinity Shard (AXS) with the hope that it will increase in the future. However, Axie Infinity is not an investor-oriented game. Instead, it is a gaming community that allows token holders to partake. However, it can be expensive to participate in the community. It might cost you up to $200 to buy your initial team of three axies.

4. Axie has the highest revenue generation, more than the other top nine combined

Axie Infinity is not popping up everywhere in the NFT gaming world for fun. Could you permit me to give you the details? Token Terminal confirmed that Axie Infinity now boasts of generating over $1 billion for the past few months. That’s massive! As of writing, other play-to-earn games on the top ten list have a total revenue of $800 million for the same time-bound. Without a doubt, Axie Infinity is doing better in income generation and acceptability than other competing apps. What is super unique about Axie Infinity is that about 95% of its revenue belongs to the participants. Little wonder people are devoting more of their time to playing the game

5. Young folks are quitting their formal jobs to play Axie Infinity 

You have just read a shocking fact about Axie Infinity as its returns about 95% of its revenue to its players. What else could be an inspiring factor for anybody who needs quick cash to settle bills and expenses? 

Due to its seemingly endless financial benefits, many people are quitting their full-time job to resume as full-time players in the Axie Infinity community. Though, quitting a job that gives you stable wages or salary for a game where you can lose at any time is risky. Yet, many people are giving it all it takes to earn more by dedicating their 24 hours to the game. Click here to read about Steps to take in buying and selling Axie Infinity.

6. Axie is not available on US major exchanges

You might have heard about the availability of Axie on decentralized Exchanges. Of course, that might not be far from the truth. However, you can be surprised to realize that Smooth Love Potions (SLPs) and Axie Infinity Shard (AXS) are unavailable on US major exchanges. What does that suggest? They are not easy to purchase, as you might think.

Final Words 

Axie Infinity is a game to play when looking for ways to multiply your income streams. However, it doesn’t give you the best from both sides. Above all, Axie Infinity can be an excellent medium to earn a fortune over time. However, you need to take your time to learn about the game before spending your hard-earned money on it.

Steps to take in buying and selling Axie Infinity

You might be wondering if the saying about Axie Infinity is true. Trust me, playing this unique game will change your life completely. The phrase is sure and steadfast. You can invest in playing Axie Infinity and get a massive reward. The reward is what you can easily convert to money. Axie Infinity is not like other play-to-earn games in that their prize can only be used within the game. There are countless people out there living their lives based on their income from playing this game. I need to chip in something for beginners. Don’t look down on the fact that you can make real cash from playing this game. The news you hear about Axie Infinity is hundred percent correct. Therefore, I will urge beginners to register this game on their PC or mobile phones with a winning mentality. It is essential for you, as a beginner, to take note of some facts. 

Axie Infinity is such an excellent way of making money without stress. One can play this game in one’s comfort zone. I was shocked when a brother told me that Axie Infinity is his primary source of income.

However, I noticed that people face some challenges when it comes to buying and selling Axie Infinity. Some have been scammed, while some are even scared of investing. Remember, Axie Infinity deals with cryptocurrency. Without a cryptocurrency wallet, one cannot have access to play-to-earn. With that said, the crypto world has been congested with different brands. Therefore, one needs to be careful. 

Are you willing to buy Axie Infinity? This article is a unique guide for you. Here are the necessary steps to follow if you want to buy Axie Infinity;

Steps on how to buy Axie Infinity

Step 1

Compare crypto exchanges: A cryptocurrency exchange is the most straightforward way to buy Axie Infinity. This step is the first step you need to take. There are countless people out there that have failed in this aspect. People think they can just go online, search for facts about Axie Infinity and then proceed to do whatever information they see online. One particular thing you need to take note of is that cryptocurrency exchange has different prices. Not only that, but crypto also differs in security and payment methods. So, one must do thorough research to know the right one. Let me quickly chip in this for beginners. It is expedient to know that you don’t need an extensive range of features if you are a beginner. Click here to read more about the best crypto exchanges.

Step 2

Create an account on an exchange: The next step to take if you want to buy Axie Infinity is to create an account on an exchange. You might be wondering how you are going to do that. All you need to do is to sign up for an account. You can do that by choosing the Go on the site button. After clicking the Go on the site button, you will be directed to the account creation page. And that is where you will fill in your details. 

Some of the things they will ask you to provide are your full name, email address, and other relevant information. This step is crucial. Then, one must be careful in filling in the required information. The error must not occur.

Step 3

Credit funds into your account: This step is just a step away from getting your Axie Infinity. After you have opened or created an account on an exchange, the next step is to fund your account with a bank transfer. You can pay with a debit or a credit card. Not only that, I have seen people funding their accounts with a deposit cryptocurrency from a wallet to buy Axie Infinity.

Step 4

Buy Axie Infinity: This is the final stage. Now, you are free to complete your Axie Infinity. Then, find the best wallet to store Axie Infinity Shards. (AXS) Therefore, you can now proceed and enjoy the fun. 

Step to take in selling Axie Infinity.

The challenge does not stop with buying Axie Infinity. Some people are battling with the aspect of selling it. Are you worried about how to cash out your AXS? I want to assure you that you’re in the right place. Here, I will be listing and explaining the necessary steps to take if you’re selling your AXS. However, let me quickly chip in this that you can cash out your AXS with the same exchange you brought it through. Here are the necessary steps to take to sell your AXS. You can read about Where did GameFi come from? by visiting http://sinister6.com/where-did-gamefi-come-from/

Step1

Sign in to the exchange you have AXS on: If you’re worried about how to sell your AXS, the first step you need to take is to sign in to the exact exchange you have AXS on. After the first step, you can now move to the next step.

Step 2

Place a sell order: After signing in, the next thing you need to do is to place a sell order. Some people just sign in to the exchange, and they don’t know there’s a need to put a sell order. However, the amount of AXS depends on what you want. I mean, you can choose the amount of Axie Infinity Shards you’d like to sell.

Step 3

Complete the transaction: This last step is very crucial. You must complete your transaction. How can you do that? All you are asked to do is confirm the selling price and fees. Finally, don’t forget to close your sale of Axie Infinity. 

Closing thought

This article should mean a lot to you. It is a complete guide on how to buy and sell Axie Infinity. I believe you have found something tangible to run with. This write-up is not what you should enjoy alone. Therefore, I urge you to share the link to this page with family and friends. Do you have someone troubled about how to buy Axie Infinity? I hope you’ll be able to share what you’ve learned here with him. Finally, don’t hesitate to drop your question regarding this topic if you have any.