Axie Infinity is a unique game universe filled with fascinating creatures called Axies. Players collect, breed, and play with the Axies similarly to pets. The fascinating thing about it is that players practically own and buy, sell, and trade resources available in the game.
Axie Infinity is so complex that there are many varied game experiences for Axies. You can, for example, breed Axies to make rarer breeds, fight other players’ Axies, sell them for ETH on marketplaces, etc. Some players prefer to complete quests, fight bosses, and unlock unique, in-depth storylines like a regular RPG game.
But here comes the most exciting part about this game – you can make money on it just by playing and having fun. Here you have three unique ways to make money on Axie Infinity right now.
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3 Ways to Make Money on Axie Infinity
Selling SLP or Smooth Love Potions
The most popular way to earn money on Axie Infinity is to make and then sell an in-game item called Smooth Love Potions, or SLP. You earn Smooth Love Potions by breeding two rare Axies and breeding them many times.
The more you breed the same Axie, the higher its evolutions will be. The price of each SLP is determined by how high-leveled an SLP is.
You can complete daily quests, battle other players in the Arena (PvP), or fight against monsters in Adventure mode ( PvE ). Keep in mind that a limited amount of SLP players can earn each day, and all SLP used for breeding Axies will be burned once a new Axie is created.
Breeding Powerful Rare Axies
Breeding Axies is a significant aspect of Axie Infinity, and these digital creatures can reach incredible prices of hundreds of thousands of dollars. Here’s the essential thing about breeding Axies.
All Axies start as fertile creatures, passing down specific traits to their offspring. Except for Origin Axies and MEO Axies, they have a Smooth Love Potion cost. After exhausting an Axie’s breed count, they become sterile forever. ( Source )
To breed a new Axie, you will need two fertile creatures, some SLP and AXS. That’s it.
Axie Infinity Shards Staking ( AXS )
Staking Axie Infinity Shards ( AXS ) is another way to make some money on the platform. AXS is the official staking token of Axie Infinity. AXS has a total supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.
Players can buy AXS at international marketplaces like Coinbase, Gemini, Binance, or Kraken. Once a player/investor acquires AXS, they can store them in their wallet and expect a revenue stream by staking it.
For example, expect to earn up to 131.25% APY on Binance, where many beginners crypto enthusiasts start their journey into the blockchain.
Read more: 8 Best Cryptocurrencies to Buy and HODL in 2022
How Much Money Can you Earn
Staking is probably the easiest way to earn some extra cash within the Axie Infinity ecosystem. Binance offers a total of five ways to earn interest on your idle AXSs:
- Binance Flexible Savings – low interest rate, withdraw anytime
- Locked Staking – high interest rate, cryptocurrency locked for some time ( 10 days, 30 days, 60 days), your interest will be forfeited if you withdraw before maturity
- Launchpool – stake your tokens to earn tokens from new projects
As you might already guess, the best APY ( Annual percentage yield ) you can get is when you use locked staking for 60 days ( in some cases even for 90 days ).
As of January 8th, 2022, Binance offers 152.18% APY on staking up to 1 AXS for ten days ( some promotion ) and 115.25% APY on staking up to 400 AXS for 30 days, and 123.36% APY on staking up to 200 AXS for 60 days.
They even offer 60-day locked staking for AXS for the amazing APY of 131.25% ( only up to 100 AXS ).
If you choose to play Axie Infinity and earn money by gaining SLPs, then expect to make a few thousand dollars per month by playing the game for 4 to 8 hours per day. Some people even hire players in Asia to play for them and earn extra cash. There are endless opportunities in the world of cryptocurrencies and blockchain tech in general.
How to Play Axie Infinity
1/ Download and Set up Metamask
This is easy as hell.
Go to the official website of Metamask wallet and click on “ Download Chrome extension ” or “ Download Firefox extension ” to install it. After that, buy some ETH using a credit card, debit card, or even a bank transfer.
2/ Download and Set up Ronin
Setting up Ronin for playing Axie Infinity is easy. After downloading and installing the extension, open it and click on the “Get Started” button. You will then be asked to enter your email address and password.
Once you have done that, click on the “Sign In” button. You will then be asked to enter your 2-factor authentication code. Once you have entered it, click on the “Sign In” button. You will then be asked to choose a language. Once you have selected a language, click on the “Done” button.
3/ Buy Axies
Simply go to the Axie Infinity Marketplace and buy your favorite Axies. Remember to research the topic very well before spending actual money on it. Here’s an excellent resource on the subject.
4/ Play Axie Infinity
Just play and enjoy the game while earning some extra income on the side.
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