How Blockchain Technology Is Used In Axie Infinity

The blockchain system has been one of the strongest novelties in the world of technology, this system gives rise to the birth of cryptocurrencies in 2009, creating a new decentralized monetary system that would be the starting point of a new digital revolution .

This system is literally based on its translation “block system”, which works as a database that is open to the public and also has the highest standards of security and encryption with asymmetric cryptography and hash functions that make it practically invulnerable to any attack.

The most recent innovation that has taken great advantage of blockchain technology has been NFT games, these games are based on the system of non-fungible tokens (NFT) , which acquire a unique value assigned by the player market and the updates that are presented by the players. developers.

These tokens can be traded, sold, bought or collected by players creating a new model of games known as Play to Earn (P2E).

Index(  )

  1. How does the world of Axie Infinity work?
  2. What currency is each Axie backed in?
  3. Is it easy to change the money won in the game to real money?
  4. Approximately how much money can be made with Axie Infinity?

How does the world of Axie Infinity work?

The world of Axie Infinity is quite large and has a lot to offer us, in principle we have that the protagonists of this adventure are our axies, these round creatures can be found divided into different classes .

Each class or type will have a series of cards , which will serve as special abilities that each axie can use to fight monsters in Player versus Enviroment (PVE) mode or against other axies in Player versus Player (PVP) mode.

The game in general is developed in a turn-based combat system in which we will have an energy limit for each turn to use the cards of each axie, the challenge will be to manage our resources well and manage our little creatures well to achieve victory

What currency is each Axie backed in?

The success of axie is possible thanks to its well thought out internal economic system , which is divided into 2 main currencies which have a use beyond serving as a bargaining chip, where the first to be taken into account for this aspect are the Axie Infinity Shards, this coin is used mainly in the Axie Infinity marketplace for the sale and purchase of axies.

The other currency of popular use in the game is the Smooth Love Potion (SLP), this currency is the one used by its players to make exchanges with other cryptocurrencies and earn money within the game, but its main use within the game is intended to ensure mating between 2 axies .

Is it easy to change the money won in the game to real money?

Making the money exchange within the game was a rather complex and cumbersome process, because there are several wallets in which transfers need to be made to make the money, the first being the Ronin wallet belonging to Axie Infinity , the Metamask wallet that we It will allow us to make the direct change with the Ethereum network and that we can then transfer to the Binance network to make the change from Ethereum to our local currency .

However, thanks to its popularization during 2021, new options have been opened that reduce the number of transfers between wallets, which in turn reduce the commissions charged for making the change between them.

As an example, we have the modification made by Binance in which we can make the direct transfer of our SLP to the Binance network .

Approximately how much money can be made with Axie Infinity?

Although we may hear this about how a game, we should not get confused, we will have to make a great effort to meet our earnings expectations, since these are based mainly on the SLP that we win, both the PVE and the PVP.

Depending on the value of the currency, we can have earnings ranging from $ 300 per month to $ 700 per month , generating the minimum value of SLP that can range between 135 and 150 SLP per day.

 

For more such interesting article like this, app/softwares, games, Gadget Reviews, comparisons, troubleshooting guides, listicles, and tips & tricks related to Windows, Android, iOS, and macOS, follow us on Google News, Facebook, Instagram, Twitter, YouTube, and Pinterest.