Why do people play Axie?

Axie Infinity is a play-to-earn game in which players enter their Axies in battle with others, and can earn crypto tokens for certain game moves. In addition to the novelty and fun of the game, and the ability to own NFTs (the Axies themselves), players might be drawn to the game in hopes of earning real-world money.

Why people want to play Axie?

Axie Infinity is part of a new trend in gaming, called 'play-to-earn'. This trend allows users to combine a love of NFTs, cryptocurrency and nostalgic game-play. By playing the game, you can earn money from anywhere, for however long you choose.

Do people really earn from Axie?

Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

Why is Axie Infinity so popular?

To this day, Axie Infinity is still the most popular crypto game in the industry, and constitutes the overwhelming majority of gaming NFT sales. Its in-game economics have drastically shifted away from enticing players who just want to make money, and now focuses on players who want to enjoy its gameplay instead.

Why does Axie make money?

The company takes 4.25% of the total price of each purchase. In February 2021, nine plots of land in Axie Infinity sold for approximately $1.5 million. The company also earns money from breeding fees, which are collected when a player decides to create a new monster.

The Problem with NFT Play-to-Earn Games - Axie Infinity

Is Axie still profitable 2023?

Whilst the platform does have AXS up by 16% over the summer, with a trading price of $53.91, that price is expected to drop to just over $40 at the end of the year. However, AXS is expected to grow significantly in 2023 and is predicted to be up by around 80% by December.

Can Axie Infinity make me rich?

It will be very difficult to become rich in ten years by playing Axie Infinity. Most players may not even have the patience to play the game for several years. But when it comes to investing, you can make some significant investment in the token and wait for ten years before cashing in.

Why did Axie fail?

But to make money off of Axie's in-game token, players needed new gamers to join because new gamers had to buy Axie characters, a non-fungible token. When the gamer flow slowed, the token's price collapsed, and so did a player's earnings.

Is it still wise to invest in Axie Infinity?

In game utility

One quality that makes Axie Infinity a good investment opportunity, is the utility that the token has in powering the game. The game currently has over 2.8 million daily players, with a whopping $3.6 billion of AXS traded in game. As these numbers multiply, AXS coin could rise in value.

Is Axie Infinity losing popularity?

Popular blockchain-based online video game Axie Infinity (AXS) has reported a major loss of players over the past months. At about 701,000 average monthly unique players for the past 30 days, the game's popularity decreased below the level reported for January 2021.

Is Axie easy money?

Earning Money Through Playing Axie Infinity

The easiest way to earn some money on the game is to play the game regularly. Although the game looks aesthetically pleasing, you need to be strategically vigilant to be able to win battles, as taking this lightly might even result in losing your invested money.

Is Axie still alive?

No, P2E or Axie Infinity is not dead, quite far from it. As you can see below, the user base on P2E games continues to increase. With time, this new way of managing game economies will evolve, go through iterations to get it right.

Will I lose money in Axie?

You will definitely lose your Axie Infinity investment if you trade recklessly.

Why Axie is unique?

Axies are generated by users and carry unique proof of purchase and ownership, thereby painting them as NFTs. With Axies as NFTs, the game provides assurance of verifiable ownership over in-game assets. At the same time, the uniqueness of Axies also drives scarcity, which translates to their improved value.

Why is Axie so expensive?

The price of Axie Infinity (AXS) is primarily determined by the demand for the game's virtual assets. In other words, the price of AXS is driven by how much people are willing to pay for in-game items. As such, the high price of AXS is simply a reflection of the strong demand for the game's virtual assets.

Why so serious in Axie?

Why So Serious - Reptile. Heal this Axie by damage inflicted with this card to Aquatic targets. If you see a bracketed number, it represents how much this stats have changed due to the Season 20 adjustments. Check out the following article to see the details on the adjustments that have been made.

Will Axie Infinity end?

Season 21 of Axie Infinity is now live. But in a surprising announcement on Twitter and Discord, the Sky Mavis team says this will be the final season for Axie Infinity Classic.

Will Axie last long?

According to Wallet Investor's AXS price prediction, it is a bad long-term investment as the price in the next year may drop to $0.574. Whereas, according to our Axie Infinity forecast, the AXS price might begin an uptrend and cross $29.48 by the end of 2025, making it a good investment.

Will Axie Infinity survive?

Currently, Axie Infinity is on its final season for version 2, which shall end on June 24, as duly announced by the team.

Why Axie Infinity is dying?

However, it was not a full home run for Axie Infinity as the money value of SLP went down every single week last 2021. From its peak SLP value of 17 PHP, it went down to 0.21 PHP today. Due to this reason, most investors and players quit playing the game since it may not be worth their time and money.

Why is AXIE so cheap?

Axie Infinity has a history of low per-token valuation, which started during its ICO when one AXS token was sold to institutional investors and regular traders for $0.8 and $0.1, respectively. The low price curse then followed it in the open markets when it ended its first day of trading, selling for $0.15.

Is Axie in trouble?

The crypto game , Axie Infinity , was all the rage in 2021, but its returns are slowly diminishing. According to analytics firm Naavik, Axie Infinity has an inflation problem on its hands with players cashing out rather than putting their money back into the game.

How much does the average Axie make?

“On average, [Axie Infinity players] are making $400 a month, which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said. While players still need to file to prove that, he estimated that the majority of players in the country would owe the government nothing.

Can Axie Infinity reach $1000 dollars?

Axie Infinity's number of monthly active players is reported to be 680,144, in comparison to 200,000 players in the case of Sandbox. So, will Axie Infinity reach $1000? Certainly, yes, but not sooner.

What are the top countries playing Axie Infinity?

Axie Infinity player share, by leading country 2022

In 2022, players from the Philippines accounted for over 40 percent of Axie Infinity's total number of players. Venezuela had a growing number of Axie Infinity players, ranking second in terms of player share that year.