Axie Infinity

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Axie Infinity History⌛Axie Infinity was founded by Trung Nguyen, Aleksandr Larsen, and Jeffrey Zirlin in early 2018. The trio met in 2017 because of Cryptokitties, the popular NFT game on EthereumThey came up with the idea for Axie Infinity in December 2017 after realizing how unsustainable Cryptokitties and other blockchain games were at the time.

What Is Axie Infinity?👨‍🏫Axie Infinity is an NFT game inspired by Pokemon and Tamagotchi. It consists of millions of ‘adorable fantasy creatures’ called Axies which can be bred, raised, battledIn terms of back end, Axie Infinity was originally built on the Ethereum blockchain with Axies as ERC-721 tokens. Naturally, SLP and AXS are ERC-20sAs of April this year, Axie Infinity exists almost exclusively on the Ethereum compatible Ronin side chain which was created by Sky Mavis for the sole purpose of hosting Axie.

How To Make Money Playing Axie Infinity🤑Axie Infinity’s core philosophy is ‘play to earn’ and it practices this philosophy by rewarding its users for their time and effort instead of sucking them dry of every dollar they have like most video gamesAs you might have guessed, these rewards come in the form of the SLP tokens you earn from playing the game, and from selling any extra Axies you breed that you don’t want💱Axie Infinity Economics💱For starters, it’s not possible to create an Axie out of thin air.

To get started, you need to buy 3 Axies from the Axie Infinity Marketplace.While there are no limits on how much SLP you can earn from battling against other players, there is a daily limit on the amount of SLP you can earnIf you’re concerned about SLP inflation, that’s been accounted for too. I mentioned earlier that SLP is used to breed Axies.