![]() Unlike few other cryptos available in the market, AXS has its utility within its ecosystem.īelow mentioned are two main use cases of AXS: Is Axie a Good Investment? Utility PerspectiveĪxie is a trading and gaming platform based on blockchain, which is partially operated by its players. Nevertheless, it has given gaming an economic importance that other games have yet to achieve. The popularity of Pokémon Go is comparable to Axie Infinity, from which it drew its inspiration.Many Axie Infinity players are older generations who were unfamiliar with blockchain technology before they started playing the game. The developers claim that their game presented people with a unique income stream during the pandemic.While other blockchain games – such as Evolution Land and Gods Unchained – have a niche-specific market, Axie Infinity has attracted people of different age groups from around the world.It has become famous as a play-to-earn game that allows gamers in developing countries like the Philippines, Vietnam, and Brazil to earn real money.ĪXIE Infinity uses blockchain economic design to reward its players for their great performance. Axie Infinity has around 0.74 million gamers worldwide.This drove demand for the Token and it rose from $2 to around $160. But in the Philippines, many workers turned to the game as a source of income. There was a risk of a fall in the price of this Token during Covid-19.When you sign up for a crypto wallet to trade it, eligibility is 18+. There is no age-verification process to play this game, but this game is rated as 18+.Axie Infinity Shards (AXS) and Small Love Potion (SLP) are the two in-game currencies that are key to the Axie Play-to-Earn environment, and cryptocurrency investors can trade AXS and SLP in various exchanges.This game works on a play-to-earn business model where a player can start this game for free and then get paid to add new features and content. This coin has established itself as a leader in non-fungible token (NFT) gaming, where the AXIE creature is represented by the NFT in the game. The game is like Pokémon and Tamagotchi in that it uses non-Fungible tokens (NFTs) to represent unique creatures, abilities, land plots, and other in-game assets. *Vs Gala/ Mana Is Axie Infinity a Good Investment?Īxie Infinity is a blockchain-based game where players can fight, collect, and build digital empires for their pets. Axie Infinity Performance in the last 12 Months
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