Presently, 1 SLP is worth $0.0187, while 1 AXS is worth $75.45. For play-to-earn issuance, 20% of AXS tokens have been allotted over 4.5 years.

There are 270 million AXS tokens in total, of which 21% is in the possession of Sky Mavis as a funding vehicle. This serves as the incentive to support the whole ecosystem. In exchange, the player receives more AXS tokens.

Just like you would deposit money in a bank, AXS staking means that you lock up the tokens in a liquidity pool. However, this is often the most expensive part of the game, reserved for the wealthiest.īoth AXS and SLP tokens are earned by playing the game, while players can also use AXS for staking and voting on the game’s development proposals and fees. Sometimes referred to as Axie Infinity Shard tokens.Īdditionally, players can buy NFT land plots, as their base of operations.

Axie Infinity ( AXS) token - the native governance token of the blockchain game.

Their price can range from $60 to over $300 on the Axie Infinity NFT marketplace

Axies as NFTs - the core of the economy.

Smooth Love Potion (SLP) for Axie breeding.

Game economyĮffectively, three digital assets run Axie Infinity’s multi-billion dollar economy: Furthermore, although 2D, Axie is a complex metaverse, consisting of crafting, land plots, biomes, roads, farms, potions shops, etc. Predictably, those Axies with the highest performance score, receive the highest price on the Axie Infinity NFT marketplace. In turn, these attributes determine Axie’s performance in combat. This is the in-game resource and a tradable token used to evolve Axies, just like one would do with Pokémon.Įach Axie has four main attributes that are amenable to evolution: health, speed, skill, and morale. Players receive Smooth Love Potion (SLP) as a reward for winning battles. The player takes control of three Axies, fantastical, rotund creatures, which are also tradeable NFTs. In fact, its own marketplace is second to only OpenSea, at $3.94 billion total trading volume.Īxie Infinity is all about engaging in tactical, ability-based combat. Since then, Axie Infinity has become a mini-economy of its own, having generated $2.3 billion in revenue. Presently, Axie Infinity boasts over 2.7 million active monthly players, exploding in popularity as of Sep. Headed by Trung Nguyen, Sky Mavis, the Vietnam-based team, pioneered a highly addictive NFT game that many now use as an income source. 2018, Axie Infinity set the stage for the entire NFT gaming space. With the basics of NFT games cleared up, here is how the most popular ones work in action. That is, if Decentraland plays its cards right and doesn’t get stomped by competitive blockchain games. This also means that its MANA token is yet to lift off. 2021, Decentraland recorded 300K monthly active users, which is a far cry from the likes of Fortnite and Roblox. Typically, developers achieve this by setting the in-game economy based on two types of digital assets - NFTs and the game’s native tokens. NFT games change this dynamic completely, revolutionizing the relationship between developers and players. This is why, outside of special esports events and sponsored streaming, there was no way for gamers to earn money based on the accumulation of in-game assets. And once those points are spent, that’s it! Digital assets are forever locked to that gaming account. For example, $32 would grant the player 5000 V-Bucks to spend on dance moves, emotes, outfits, gliders, etc. They simply represent allotted points converted from fiat money packages. However, both in-game currencies are rudimentary. Likewise, Fortnite, with double the monthly active users, has V-Bucks. Case in point, Roblox, with its impressive 43 million daily users, relies on Robux to fund the game. Those games that are not fully priced (free-to-play) entirely run on in-game currencies for monetization. These monetization models are forecasted to yield up to $65 billion in 2022, according to Statista. More often than not, even fully-priced titles have in-game transactions attached to them in the form of character and weapon customization. Publishers release a game on a digital platform such as Steam, Epic Games Store, Origin, GOG, or Green Man Gaming. Thus far, earning money in games has largely been a one-way street.

Will NFT games become the new standard?.

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