Earning money through playing video games is a dream of every gamer, but in the traditional industry, it’s something that only professionals achieve.
However, things move fast in the field of cryptocurrencies, and the above is now becoming possible thanks to the P2E (Play to Earn) business model.
The combination of blockchain technology and non-fungible tokens (NFTs) implemented in video games is giving crypto enthusiasts and gamers alike the opportunity to earn money by beating other players or just playing versus the environment.
One of the leading and most popular games in the field is Axie Infinity. In this guide, we’ll learn step by step what Axie Infinity is, its history, and how to play it.
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Axie Infinity’s Tokens: AXS and SLP Explained
How to Play Axie Infinity
What is Axie Infinity?
Axie Infinity is a popular Pokemon-inspired, blockchain-based P2E game where players collect virtual creatures in the form of NFTs called Axies.
These creatures can be collected, bred, and sold at a price that depends on their rareness. Their price can range between a few dollars to hundreds of thousands of dollars.
Who is the Team Behind Axie Infinity?
The history of Axie Infinity spans back to 2017 and has to do with Trung Nguyen, a Vietnamese software developer who was thrilled with the success of the famous CryptoKitties, collectible NFT kittens stored on the Ethereum network.
Nguyen wanted to take advantage of all the benefits of blockchain technology and implement it into video games, giving players true ownership of the in-game items they collected.
Nguyen co-leads Sky Mavis, a tech-focused gaming studio. Witnessing the success of P2E games, the team decided to create a Pokemon-style game using the Ethereum blockchain. In 2021, the company raised $152 million – giving Sky Mavis a valuation of $3 billion, becoming one of the top gaming companies worldwide.
Axie Infinity’s Project Launch
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